Latin American gold and silver producer Hochschild Mining Plc said it exercised an option to up its stake in Gold Resource Corp (GRC), buying a further 5 million shares for $20 million (12.2 million pounds).
Crabtree & Evelyn Ltd, a specialty retailer known for its soaps and other personal care products, filed for Chapter 11 bankruptcy in the United States as the tough economy led to falling sales and rising losses.
Gold miner Aurum Mining Plc said it granted options to sell both its 80 percent stake in the Andash gold-copper mining project and its ancillary assets for $15 million to Australia-based Kentor Gold Ltd.
Italian private equity fund Clessidra expects a definitive accord to buy a stake in designer Roberto Cavalli's fashion house by the end of the summer, Clessidra's senior partner Riccardo Bruno said on Tuesday 30 June.
Lonmin, the world's third biggest platinum producer, said up to 20,000 ounces may be left unprocessed at the end of its fiscal year due to a furnace shutdown, but the impact on its sales target was uncertain.