Mali: Altus Strategies Announces Increase In Resources For The Diba Gold Project

Gold resources from the Diba project in Mali have increased, now totaling more than 400,000 ounces in the indicated and inferred categories. This is what Altus Strategies, the asset holder, said on Monday, adding that these figures will soon be improved thanks to new drilling.

In Mali, the mining company Altus Strategies released a new resource estimate for the Diba gold project on Monday. Made by the engineering company Mining Plus as part of the prefeasibility study for the project, this update indicates a 637% increase in resources classified as "inferred".

The latter went from 32,500 ounces of gold to 5.4 million tonnes of resources grading 1.06 g / t of gold, or 187,000 ounces. At the same time, resources classified in the "indicated" category are now 4.8 million tonnes grading 1.39 g / t gold, or 217,000 ounces.

"There is significant exploration potential for new discoveries at Diba, with seven priority prospects still to be systematically tested by drilli…

L’Oréal signs an agreement to acquire Thayers Natural Remedies, an American skin care brand

L’Oréal today announced that it has signed an agreement with Henry Thayer Company to acquire Thayers Natural Remedies, an American skin care brand. The brand will be integrated into the Consumer Products Division of L’Oréal.
L’Oréal signs an agreement to acquire Thayers Natural Remedies, an American skin care brand

Based in Easton, Connecticut, Thayers Natural Remedies is a brand with a long heritage in skin care. It offers a range of high quality products, including tonic and astringent lotions. Created in 1847 by doctor Henry Thayer, the brand is notably known for its iconic bestseller "Witch Hazel Aloe Vera Formula Facial Toner", a witch hazel lotion, appreciated by many consumers.

The distribution strategy, initially in a network of natural product stores, has evolved towards a multichannel approach which today includes large distribution, distributors of specialized products, drugstores and online distribution. In 2019, Thayers achieved sales of $ 44 million.

Stéphane Rinderknech, President and CEO of L’Oréal USA and General Manager Multi Divisions of North America, said: "With a 170-year heritage, Thayers Natural Remedies is a very popular American brand. True to its roots, it has been able to develop its product range over time and create a strong bond with its consumers. With highly valued skincare products, the brand is today more fashionable than ever. It enjoys a unique position in the mass market. We are convinced of its growth potential. "

John Gehr, owner and CEO of Henry Thayer Company, said, "I have run this brand for 17 years and it has been a deeply rewarding experience to see the connection we have been able to create with our consumers. I could not imagine a better organization than L’Oréal to welcome Thayers and bring it to new horizons, while remaining faithful to its key values ​​of social and environmental responsibility. "

Alexis Perakis-Valat, General Manager of Consumer Products at L'Oréal, said: “We are delighted to welcome Thayers Natural Remedies, a brand with strong growth potential which is at the intersection of two major trends: natural and health. This acquisition is part of our global acceleration strategy in the skin care category. It perfectly complements our portfolio of brands in North America. "

This acquisition will be finalized after obtaining the agreement of the regulatory authorities.

About L’Oréal

For over 100 years, L’Oréal has been dedicated to the beauty profession. With an international portfolio of 36 diverse and complementary brands, the Group generated sales of € 29.87 billion in 2019 and has 88,000 employees worldwide. World leader in beauty, L'Oréal is present in all distribution channels: the mass market, department stores, pharmacies and parapharmacies, hair salons, travel retail, brand stores and e -trade.

L'Oréal relies on its excellence in the fields of research and innovation and its 4,100 researchers to meet all beauty aspirations in the world. L’Oréal has made ambitious commitments in terms of sustainable development by 2030, bringing together its entire ecosystem for a more inclusive and sustainable society.