International news within the industry of mining and metal, Jan, 18 2019
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Titan Minerals to acquire gold producer Andina Resources

Photo: Titan Mining
Photo: Titan Mining
Published by
Simon Matthis - 28 Mar 2018

Titan Minerals Limited announces that it has entered into a bid implementation agreement (BIA) with Andina Resources Limited (Andina), by which Titan will acquire all of the issued share capital in Andina via an off-market takeover bid (Bid). Andina is a Peru focussed unlisted public company incorporated in Australia. 

The purchase aims to enhance Titan’s footprint in Peru as a significant gold and base metals production and exploration company.

The combined group will have significant growth potential with existing and expanding production, diversified and superior growth potential, proven management and operating teams and large international market profile. Boards of both Titan and Andina believe the combination of the two overlapping businesses will generate significant value for shareholders.

Titan will continue to develop its current Peruvian assets, the Torrecillas Gold Project and the San Santiago Project, in addition to operating Andina’s complementary assets comprising the Tulin Gold Plant and the Vista Gold Plant.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...