trending Market Intelligence /marketintelligence/en/news-insights/trending/phvx4enl9qrwou7f_fvktg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Benton to sell 80% stake in Cape Ray JV to Matador for A$5.3M in cash, shares

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Benton to sell 80% stake in Cape Ray JV to Matador for A$5.3M in cash, shares

Benton Resources Inc. said March 26 that it signed a binding term sheet to sell its 80% interest in the Cape Ray gold joint venture to ASX-listed Matador Mining Ltd. for A$5.3 million in cash and shares.

The deal covers the four main deposits of the Cape Ray joint venture, as well as its 100% interest in the Cape Ray mining belt concessions, including the Isle aux Morts and Big Pond deposits.

Subject to shareholder and regulatory approval, the company will receive A$3.3 million in cash and 8 million shares for the stake, as well as 833,333 share purchase options at 30 cents each, exercisable within two years. It will also retain a 1% net smelter returns royalty, with Matador holding an option to buy back 0.5% NSR for A$1 million.

In June 2017, Benton's joint venture partner, Nordmin Engineering Ltd., elected not to complete an option agreement to earn up to a 50% interest in the Cape Ray project.