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Ghana
Naguib Sawiris draws double dividends from Golden Star gold mine sale

Egyptian billionaire Naguib Sawiris. © Philippe Juste/Le Progrès/PhotoPQR

Gold producer Golden Star, which was struggling a few months ago with a low share price and legal action by disgruntled shareholders, has settled all its problems in the space of two weeks. A profitable outcome for its main shareholder, Egyptian billionaire Naguib Sawiris. [...]

Published on 08/10/2020 at 06:00 GMT Reading time 2 minutes

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Mining

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Covid-19
Future Global Resources
Golden Star Resources
Joule Africa
La Mancha
Naguib Sawiris
New York Stock Exchange

Ghana
Double whammy for Naguib Sawiris' Golden Star

The Canadian company Golden Star Resources has suffered two major setbacks. Last month it was forced to revise production forecasts for its Wassa gold mine in Ghana downwards. And since the middle of this month it has been mired in a dispute with the buyer of the other deposit it owned in the country, Bogoso-Prestea.

Subscribers only Mining 27.07.2021

DRC, Egypt
Billionaire Naguib Sawiris goes prospecting in DRC

With his gold operations expanding but his media business struggling, Sawiris was in Kinshasa in late May to cultivate his relations with the ministers of mines and communications.

Subscribers only Mining, Business 28.05.2021

Africa
Sawiris' offshore holdings keep Euronews afloat

TV news channel Euronews is not in great shape, particularly after the failed sale of Africanews. The European Commission plans to reduce its subsidy and the various loans from majority stakeholder Naguib Sawiris have not been enough to make the company self-sufficient.

Subscribers only Finance, Business 08.03.2021

Sawiris' holdings behind TV channel Euronews.

Ghana
Reganosa ready to get cracking on giant Tema LNG terminal

The Spanish operator Reganosa has already picked out a dream team to operate and maintain Ghana's Tema LNG terminal days after winning the contract.

Subscribers only Energy 12.01.2021

Ghana
Axa, Allianz among insurers Golden Star hopes will foot the bill if shareholders win class action

Golden Star's lawyers have named the insurance companies they say might have to settle the gold company's costs should it lose a US class action linked to its activities in two Ghanaian mines.

Subscribers only Mining 09.06.2020

Ghana
Naguib Sawiris' latest mining acquisition, Golden Star, targeted by a class action

Egyptian billionaire Naguib Sawiris's firm La Mancha is considering whether to increase or decrease its investment in the operator of two Ghanaian gold mines, Golden Star Resources, with the threat of a class action in the US hanging over the mining company.

Subscribers only Mining 04.05.2020

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Joule Africa
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Ghana
Naguib Sawiris draws double dividends from Golden Star gold mine sale

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Ghana
Double whammy for Naguib Sawiris' Golden Star

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Sawiris' offshore holdings keep Euronews afloat

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Indigo Publications' websites

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Ghana Naguib Sawiris draws double dividends from Golden Star gold mine sale

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Ghana Double whammy for Naguib Sawiris' Golden Star

DRC, Egypt Billionaire Naguib Sawiris goes prospecting in DRC

Africa Sawiris' offshore holdings keep Euronews afloat

Ghana Reganosa ready to get cracking on giant Tema LNG terminal

Ghana Axa, Allianz among insurers Golden Star hopes will foot the bill if shareholders win class action

Ghana Naguib Sawiris' latest mining acquisition, Golden Star, targeted by a class action

Africa Naguib Sawiris enlists former Acacia exec, Peter Spora

Cameroon Joule Africa sees Kunert as the man to build up its business

Spotlight | West Africa Why La Mancha steered clear of Randgold

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Ghana
Naguib Sawiris draws double dividends from Golden Star gold mine sale

Ghana
Double whammy for Naguib Sawiris' Golden Star

DRC, Egypt
Billionaire Naguib Sawiris goes prospecting in DRC

Africa
Sawiris' offshore holdings keep Euronews afloat

Ghana
Reganosa ready to get cracking on giant Tema LNG terminal

Ghana
Axa, Allianz among insurers Golden Star hopes will foot the bill if shareholders win class action

Ghana
Naguib Sawiris' latest mining acquisition, Golden Star, targeted by a class action

Africa
Naguib Sawiris enlists former Acacia exec, Peter Spora

Cameroon
Joule Africa sees Kunert as the man to build up its business

Spotlight | West Africa
Why La Mancha steered clear of Randgold