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Shandong Gold Mining
The Shandong Gold Offer remains subject to a number of standard market conditions for a transaction of this nature .
Shandong Gold has increased its takeover offer for West African gold explorer Cardinal Resources to A$1.00 a share, up from its previous offer of $0.70 a share.
Gold explorer Cardinal Resources has entered into a deed with Shandong Gold Mining to amend the bid implementation agreement, following its all-cash takeover bid on 18 June.
BMI Research has revised down its growth forecasts for gold production in Tanzania over the next ten years as ongoing regulatory pressure from the government leads to asset sales and the reconsideration of project...