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The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as low, would see the world's second largest gold producer buying the remaining 35% of the African miner it does not already own, at a discount.

The tremor prompted officials to activate emergency protocols.

The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode profit and push up electricity prices.

Owner Havilah Resources said the decision secures the company's right to mine Kalkaroo.

The Canadian miner reported that seven of 23 chip samples returned grades ranging from 155.27g/t gold to 2.94g/t gold.

The Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.

If the transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mine.

Ongoing stoppages at Newmont Goldcorp's Penasquito mine in Mexico are costing both public coffers in the country and the company millions.

The Vancouver-based company says there is potential to discover a sizeable porphyry style copper-molybdenum-silver deposit on the property.