|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.6250 - 0.7000|
|52 Week Range||0.6000 - 11.8390|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
African gold miner Randgold (RRS.L) has ended a joint venture agreement in Mali with junior explorer Cradle Arc (CRA.L), Cradle Arc said on Wednesday, adding it would seek a new partner. Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent owner. Cradle Arc CEO Kevin van Wouw said Randgold had been "an excellent JV partner" that added to the company's understanding of a project he believed contained a significant amount of gold.
Copper producer Cradle Arc (CRA.L) embarked on a new London listing on Wednesday to fund production in Botswana, considered by miners as a safe African jurisdiction seeking to diversify its economy from its reliance on diamonds. Formerly known as Alecto Minerals (ALO.L), which ceased trading last July, Cradle Arc was renamed and relaunched on London's AIM market for small companies with a placing price of 10 pence per ordinary share. Production was halted at the mine in 2015, when copper prices fell in line with a wider commodity crash.