United Kingdom

Nichola Saminather

Aluminum producers in Canada cash in on U.S. tariff exemption

1:02pm BST

LONDON/TORONTO Canada's exemption from U.S. tariffs on imports of aluminum metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for U.S. consumers.

Barrick set to take full control of Acacia after raising bid

19 Jul 2019

TORONTO/LONDON Barrick Gold Corp has struck a deal to buy out its fellow shareholders in Acacia Mining with a higher bid than originally proposed, raising expectations Acacia's long-running tax dispute with the Tanzanian government will finally be resolved.

UPDATE 3-CEO at Canadian miner Hudbay steps down, industry veteran steps in

10 Jul 2019

July 10 Canada's Hudbay Minerals Inc said on Wednesday that Chief Executive Officer Alan Hair has stepped down after more than 20 years with the company and named Peter Kukielski, who was backed by its second largest investor in a proxy battle, as interim CEO.

Acacia says valuation higher than Barrick buyout offer, extends bid deadline

10 Jul 2019

Tanzania's largest gold miner Acacia Mining Plc said on Tuesday it is worth more than a buyout proposal by majority shareholder Barrick Gold Corp values it at, and extended the deadline for a firm bid to July 19.

Canada M&A set to slow on volatility, high valuations after first-half drop

04 Jul 2019

TORONTO, July 4 The dip in corporate deals activity in Canada in the first half of 2019 is likely to continue into the third quarter as economic uncertainty creates market volatility and asset valuations remain elevated, according to bankers and lawyers.

Acacia Mining says Barrick offer undervalues the company

24 Jun 2019

Acacia Mining on Monday strongly disagreed with majority shareholder Barrick Gold Corp's valuation of the company, saying Barrick's proposal undervalued its life of mine plans and appears to have ignored the value of its exploration and development assets.

Barrick said Tuesday comments on Acacia offer not a 'no-increase statement'

19 Jun 2019

TORONTO, June 19 Barrick Gold Corp said on Wednesday that comments by Chief Executive Mark Bristow that he had no intention of discussing a higher buyout offer for the company's African unit with its minority shareholders should not be considered a "no-increase statement."

Barrick CEO believes Acacia offer is fair after extending bid deadline

18 Jun 2019

Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.

Gold rally narrows Acacia Mining, Barrick Gold offer gap ahead of deadline

17 Jun 2019

TORONTO/LONDON Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer.

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