Ottawa approves Canada Nickel’s Crawford mine
Canada Nickel (TSXV: CNC: US-OTC: CNIKF) has secured federal approval to proceed with its proposed Crawford polymetallic mine in Ontario, paving the way for a construction decision next year amid…
Financial Matters, M&A
Cameco’s Westinghouse nuclear unit files for IPO
Cameco’s (TSX: CCO; NYSE: CCJ) Westinghouse Electric joint venture filed for a U.S. initial public offering at a yet-to-be-determined date to tap growing investor interest in nuclear technology and services. Westinghouse…
Anglo execs take top jobs in $53B Teck merger
Anglo American (LSE: AAL) executives will hold three of Anglo Teck’s four top jobs after the $53-billion all-share merger with Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) closes next year….
De Beers’ $18B diamond empire could fetch $1B
De Beers, the former diamond monopoly once valued at more than $18 billion (C$25 billion), could sell for about $1 billion as Anglo American (LSE: AAL) nears a deal to…
Zijin buys Allied Gold stake after $4B deal collapses
Zijin Gold’s planned $4 billion (C$5.5 billion) acquisition of Allied Gold (TSX, NYSE: AAUC) has collapsed after Chinese regulators failed to approve the transaction before the deadline, leaving the state-backed…
GBM to buy Lomiko, add Quebec graphite project
Global Battery Materials agreed to buy developer Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) in an all-share deal valued at about $11 million (US$7.9 million) that will give the private company…
Evolution to buy Carnaby in $149M copper-gold deal
Evolution Mining (ASX: EVN) agreed to buy Carnaby Resources (ASX: CNB) in an all-stock deal valued at about A$213 million (US$149 million) that would give the Australian gold producer a…
Agnico bets $60M more on stake in Lassonde-backed Cadillac in Abitibi
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is paying $60 million (US$43 million) for an additional stake in soon-to-be-listed Cadillac Mines (TSX: CADY) as Canada’s biggest miner strengthens its position…
Equinox-Orla get OK to create No. 2 Canada gold miner
Equinox Gold (TSX: EQX) (NYSE: EQX) and Orla Mining (TSX: OLA) (NYSE: ORLA) have secured shareholder approval for their $18.5 billion merger, creating Canada’s second-largest gold producer with expected annual…
Ex-De Beers chief leads bid for diamond giant
Anglo American (LSE: AAL) has selected a consortium led by former De Beers chief executive Gareth Penny as the preferred bidder to acquire its diamond business, according to Botswana’s government….
London Gold offers $25M for Bolivia-focused Bocana
Privately held London Gold LLC is moving towards a $25 million (C$35 million) cash and stock deal for Americas-focused explorer Bocana Resources (TSXV: BOCA), which holds the Escala project in…
BHP’s first port strike in 26 years rattles iron ore supply
Union action at Port Hedland raises fresh concerns over iron ore exports as wage negotiations remain deadlocked.