KYRGYZ REPUBLIC - Kentor announces Bashkol drill program

Kentor Gold will focus on three key deposits within its Bashkol licence area, in a major drill and channel sampling program at the Bekbulaktor gold-copper prospect. The company says assay results from its 2012 drill program and reconnaissance work helped identify the areas requiring further exploration.  1

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KYRGYZ REPUBLIC - Mining licence granted at Shambesai

Manas Resources has been awarded a mining and development licence at its Shambesai gold project in Kyrgyzstan’s Batken state. The licence secures legal tenure of the project for Manas and permits the completion of the design, construction and commissioning phases of Shambesai.

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M & A - Asian consortium buys 15% of ArcelorMittal Canada

An Asian-based consortium led by South Korean steelmaker Posco and China Steel Corporation (CSC) has begun a joint venture to acquire a 15% stake in Canada’s ArcelorMittal. The company’s Ladrador Trough iron ore mining operation and infrastructure assets in Quebec’s northern region will be part of the $1.1 billion deal.

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M & A - B2Gold and CGA merger given green light

Shareholders have approved the merger of B2Gold and CGA Mining, with 99.94% of those voting in favour of the deal. The transaction is expected to be fully implemented on or about January 31, subject to final court approval and other customary closing conditions, and will result in CGA becoming a wholly-owned subsidiary of B2Gold.

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