Copper $ 5.51 / lb 1.52%
Brent Crude Oil $ 60.47 / bbl 1.17%
Palladium $ 1786.9 / ozt 0.50%
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Natural Gas $ 3.984 / Btu 1.07%
Silver Futures $ 67.489 / ozt 3.17%
Aluminum Futures $ 2962.5 / ton 1.45%
Micro Gold Futures $ 4418.8 / ozt 0.53%
Micro Silver Futures $ 67.489 / ozt 3.16%
Platinum $ 2018.6 / ozt 3.35%
Gold Futures $ 4387.3 / ozt 0.54%
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Egyptian billionaire pays $492 million for La Mancha Resources

Michael Allan McCrae | July 13, 2012 | 8:30 pm Precious Metals Australia Europe Gold 

Naguib Sawiris, an Egyptian mobile phone entrepreneur, is paying $492 million for gold miner La Mancha Resources (TSE:LMA). The company's board has unanimously recommended that the shareholders accept the agreement. "The Offer represents a premium of approximately 55.6% to the...

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