On Thursday, Shares of B2Gold Corp (NYSEMKT:BTG), gained 2.75% to $1.12.
As declared in a press release dated March 26, 2014 , Zonte (the “Company”), in partnership with several Colombian Partners, made applications for mineral titles in Colombia . One of the applications was made over open ground sitting over the Gramalote Deposit which is a joint venture between AngloGold Ashanti (AU) and B2Gold (BTO.TO) (BTG). This application was subject to review by the Secretaria de Minas (Secretary of Mines), Department of Antioquia, Colombia , who has acknowledged the area under application has open ground, but notified the Company’s partner that it is denying the application. Zonte and its partner have now engaged legal counsel to challenge this decision. Legal counsel has advised the Company that it is of the opinion the application was not processed in accordance with the Colombian Mining Code.
The Gramalote Deposit is stated to contain 2.535 Million ounces of gold in the total measured and indicated categories grading 0.81 g/t gold at a cut off of 0.25 g/t gold (source B2Gold Corp 43-101 technical report dated June 8 , 2012). The application in question was made over open ground between titles sitting on top of the Gramalote Deposit and surrounding areas.
Within the deposit area, a continuous open area sitting over the deposit and between titles measures 21 metres in width and nearly 600 metres in length and an additional area measures 13 metres in width and nearly 400 metres in length. These areas are also continuous with another open area just east of the Gramalote Deposit which measures 58 metres in width and over 500 metres in length.
The Company’s agreement with its partner provides that its partner will receive common shares of Zonte in consideration for its assistance in making the applications for and on behalf of Zonte. Following the agreement, Zonte’s partner will not retain any direct interest in the titles.
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper.
Shares of Reynolds American, Inc. (NYSE:RAI), inclined 0.46% to $46.12, during its last trading session.
Reynolds American Inc., has declared the following: “RAI declares establishment of executive stock trading plans.”
Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555.
Finally, Shares of Blackstone Group LP (NYSE:BX), ended its last trade with -0.47% loss, and closed at $31.44.
Blackstone, declared the appointment of Isauro Alfaro as Senior Advisor to the firm based in Monterrey, Mexico. Mr. Alfaro will provide the firm planned counsel on investment opportunities in the Mexican market.
“I am delighted that Isauro has agreed to join our team as a Senior Advisor,” said Tony James, President and Chief Operating Officer, Blackstone. “His strong record of success and local perspective on the Mexican market will be an asset for us as we continue to explore investment opportunities in the country.”
Mr. Alfaro is co-founder of Alfaro, Dávila y Ríos, S.C., (ADR) a leading independent and restructuring advisory firm in Mexico. Before founding ADR, he worked with Tony James as a Managing Director and Head of Credit Suisse Mexico and Co-Head of Donaldson, Lufkin and Jenrette Mexico (DLJ) before its acquisition by Credit Suisse. Mr. Alfaro has 28 years of investment banking experience and has been involved in a wide variety of transactions counting cross-border M&A, privatizations, restructurings, and international debt and equity financings.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios.