Uranium Energy sweetens bid for UEX
U.S.-based Uranium Energy Corp. (NYSE-AM: UEC) has trumped Denison Mines’ (TSX: DML) competing bid for Canada’s UEX Corp. (TSX: UEX) after sweetening its original bid. The revised offer gives each…
Articles by Cecilia Jamasmie
Oz Minerals rebuffs US$5.8B takeover bid from BHP
Australian copper producer OZ Minerals (ASX: OZL) rejected on Monday an unsolicited A$8.4 billion (US$5.8 billion) takeover bid from the world’s largest miner BHP (NYSE: BHP; LSE: BHP; ASX:BHP), stating…
Turquoise Hill flags US$200M cost increase at Oyu Tolgoi
Canada’s Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) flagged after markets closed on Thursday a US$200-million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in…
Anglo American to appeal El Soldado project rejection
Anglo American (LSE: AAL) is planning to appeal a Chilean environmental commission’s rejection of its $40-million operational continuity project for El Soldado copper mine, 125 km north of the capital…
Condor Gold shares jump on La India test results
Shares in Condor Gold ((TSX: COG; LSE: CNR) jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said “provide confidence”…
Baffinland to terminate 1,100 workers at Mary River iron ore mine
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company’s request to increase production to 6 million tonnes…
Royal Gold ups royalty on Cortez gold complex in Nevada in US$525M deal
Royal Gold (NASDAQ: RGLD; LSE: 0KXS) announced on Tuesday a US$525-million acquisition of a sliding-scale gross royalty on an area including the Cortez mine and Fourmile project in Nevada from…
Gold Fields slowly turning Yamana deal doubters into allies
Gold Field’s (NYSE: GFI; JSE: GFI) intended acquisition of Canada’s Yamana Gold (TSX: YRI; NYSE: AUY) remains in limbo, though the South African miner has gained backers and says its…
Eldorado Gold sees 22% rise in Q2 cash operating costs
Eldorado Gold (TSX: ELD; NYSE: EGO) has reported an increase of 22% in cash operating costs for the three months to June 30 compared to the same period last year, and expects…
Argentina gets US$290 million to develop lithium assets, build plant
China’s Zangge Mining will initially invest $40 million in the Laguna Verde lithium project, in the province of Catamarca.
Teck CEO Don Lindsay stepping down after 17 years at top job
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role. Lindsay, who will…
Lucapa finds giant pink diamond said to be Angola’s largest in last 300 years
Australia’s Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300…