Nordgold begins mining at Lefa’s satellite deposit

Mining News Pro - Russian gold producer Nordgold has begun mining at a satellite deposit by its Lefa gold mine in Guinea, which will boost production at the operation.

Nordgold postpones IPO, citing uncertainty in gold market

Mining News Pro - Following its announcement earlier this month of an initial public offering in London, along with a secondary listing in Moscow, Nordgold has now decided to postpone its potential multi-billion-dollar IPO.

Organisers of Nordgold IPO see its value at $5.1-$6.6 billion

Mining News Pro - Two organisers of an initial public offering (IPO) for Russia-focused gold producer Nordgold see its equity value at $5.1-billion to $6.6-billion, three financial market sources told Reuters on Thursday.

Nordgold submits off-market bid for Cardinal in takeover war

Mining News Pro - A battle between Nordgold and China’s Shandong Gold over Cardinal Resources rumbles on as the Russian miner announced on Wednesday it would supplement its A$1-per-share bid with an off-market offer of equal value.

Nordgold files Takeovers Panel application against Cardinal

Mining News Pro - Nordgold has claimed to the Takeovers Panel that Cardinal Resources has been misleading about its shareholder intentions to accept or reject a takeover bid.

Nordgold taps Takeovers panel in Cardinal tussle

Mining News Pro - Gold miner Nordgold has turned to the Australian Takeovers Panel in its quest to gain ownership of ASX-listed Cardinal Resources, claiming that the takeover target was providing "misleading" statements to the market and creating a false market for the company’s shares.

Nordgold ups the ante in Cardinal battle

Mining News Pro - The directors of takeover target Cardinal Resources have urged shareholders not to take any action regarding an increased offer price from suitor Nordgold.

Nordgold ups offer for Cardinal in takeover battle

Mining News Pro - Nordgold has made an improved offer for its proposed on-market takeover over of Cardinal Resources in order to beat out competition from China’s Shandong Gold

Nordgold lobs $347m bid at Cardinal in takeover tussle

Mining News Pro - Cardinal Resources has become the focus of a takeover battle between United Kingdom-based Nordgold and China’s Shandong Gold Mining

Nordgold makes new offer for Cardinal

Mining News Pro - West Africa-focused gold explorer Cardinal Resources on Wednesday urged shareholders not to act on a competing takeover offer from producer Nordgold.

Nordgold asks China’s SUMEC to power up Lefa gold mine

Mining News Pro - Nordgold Group is looking to reduce its greenhouse gas emissions with the construction of a new 33 MW power plant at its Lefa mine in Guinea.

Cardinal gets an offer from Nordgold

Mining News Pro - Gold explorer Cardinal Resources has received an indicative non-binding takeover offer from shareholder Nord Gold (Nordgold), which valued the Australian company at A$227-million.

Nordgold increases funding for employee development, wellbeing

Mining News Pro - Gold producer Nord Gold (Nordgold) has increased funding for its employee development and wellbeing programmes by more than 17% to about $9.9-million for the 2020 financial year, from $8.2-million in the prior financial year.

Nordgold launches new Russia mine

Mining News Pro - Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer.

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