Randgold, Volta ink definitive agreement for sale of Kiaka project
October 19, 2009 by goldguru · Leave a Comment
LSE- and Nasdaq-listed Randgold Resources has signed a definitive agreement to sell its Kiaka gold project, in Burkina Faso, to TSX-listed minerals exploration company Volta Resources for C$4-million and 20-million Volta shares. The parties had, in September, signed a letter of intent to undertake the transaction, with Volta CEO Kevin Bullock saying that the deal [...]
AngloGold buys indirect 50% stake in Moto
October 16, 2009 by goldguru · Leave a Comment
The merger between Aim- and TSX-listed Moto Goldmines and Africa-focused Randgold Resources, became effective on Friday. Gold companies AngloGold Ashanti and Randgold Resources earlier this year teamed up in a $488-million deal to acquire Moto, and now had joint control of the company. Read more….
Randgold to fast track Africa’s largest undeveloped gold project
October 16, 2009 by goldguru · Leave a Comment
Now that the financial and political matters have been completed, Randgold Resources, along with its partner AngloGold Ashanti are reckoning to move ahead rapidly on the very big Moto gold project in the DRC. Read more….
Moto’s Aim admission to be cancelled on Friday
October 15, 2009 by goldguru · Leave a Comment
The admission of gold development company Moto Goldmines (Moto) shares to the Aim would be cancelled on October 16, the company said on Thursday. This followed the announcement on Monday that the plan of arrangement to merge Moto and South Africa’s Randgold Resources had become effective. Read more….
Moto shareholders approve Randgold merger
October 12, 2009 by goldguru · Leave a Comment
Shareholders in Aim- and TSX-listed gold development company Moto Goldmines have approved the merger with Africa-focused Randgold Resources. Gold companies AngloGold Ashanti and Randgold Resources earlier this year teamed up in a $488-million deal to acquire Moto, which is developing a gold resource in the Democratic Republic of Congo. Read more….
Best Gold Stocks 2009
October 3, 2009 by goldguru · Leave a Comment
Some of the best gold stocks 2009 are what the big mutual funds are investing in. The USAA precious metals and mineral fund has AngloGold Ashanti Limited ADR, Randgold Resources Ltd. ADR and Newcrest Mining Limited as three companies that are in the top four stock assets for their fund. This is a total of [...]
Hydropower crucial for development of Moto – Randgold Resources
July 17, 2009 by goldguru · Leave a Comment
Access to hydropower would have a big impact in turning Moto Goldmines to positive account in the Democratic Republic of Congo, Randgold Resources CEO Dr Mark Bristow said at the weekend. Bristow was answering questions during a global conference call that followed Thursday’s of London-listed Randgold Resources and Johannesburg-listed AngloGold Ashanti teaming together to acquire [...]
