Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Africa’s biggest gold miner AngloGold Ashanti said on Friday it would acquire a 19.79 percent stake in Canadian gold and uranium producer First Uranium Corp for $30 million.
AngloGold said it would buy the stake, which consists of 47 million shares and priced at $0.64 a share, from South Africa’s Village Main Reef Gold Mining.
