PRECIOUS METALS

Billionaire targets more African deals

LA Mancha Holding, the private company headed by billionaire Egyptian gold bug Naguib Sawiris is seeking a key role in the consolidation of the gold sector in Africa.

Richard Wachman
La Mancha recently paid US$126 million for a 30% stake in Golden Star Resources

La Mancha recently paid US$126 million for a 30% stake in Golden Star Resources

The company's new CFO Karim-Michel Nasr told MNN sister publication Mining Journal "we are interested in M&A, although we are not empire builders - our aim is to build shareholder value, any acquisition...

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