Deals
Taung Gold ‘Fully Funded’ After $580 Million Wing Hing Takeover
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Taung Gold Ltd., studying two gold projects in South Africa, said it will have enough funds for the next two years after agreeing to a $580 million takeover by Hong Kong investment company Wing Hing International Holdings Ltd.
Taung will be “fully funded,” Chief Executive Officer Neil Herrick said today by telephone from Johannesburg, where the company is based. Taung won’t make an investment decision on its two prospective South African mines for another two years, he said, adding that each would cost about $1 billion.