TSX dips, April 7-11
The S&P/TSX Composite Index fell 135.41 points during the trading week to close at 14,257.69. The S&P/TSX Capped Diversified Metals & Mining Index jumped 12.55 points to 814.81. The S&P/TSX Global Gold Index slipped 1.07 points…
Financial Matters, M&A
Copper One picks up Troilus from First Quantum
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
Agnico Eagle joins Yamana in battle for Osisko
The fight for Osisko Mining (TSX: OSK; US-OTC: OSKFF) has heated up, with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) entering the ring with Yamana Gold (TSX: YRI; NYSE: AUY) to launch a joint friendly takeover bid to beat Goldcorp’s…
Glencore Xstrata to buy Caracal Energy
Just a day after the ink dried on Glencore Xstrata’s (LSE: GLEN) all-cash agreement to sell its Las Bambas copper project in Peru to a Chinese consortium for nearly US$6 billion, the Swiss-based commodities giant announced a US$1.35…
Goldcorp raises its bid for Osisko to $3.6B
Goldcorp (TSX: G; NYSE: GG) has sweetened its hostile takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to $7.65 per share, or $3.6 billion, topping a friendly $3.4 billion deal made by Yamana Gold (TSX: YRI; NYSE: AUY).
Holcim-Lafarge merger stirs cement market
While mega-mergers have faded from view in the mining industry, the global cement industry showed in early April that it’s still capable of serving up a doozy: a friendly, all-share merger of Switzerland’s Holcim and Paris-based…
Lake Victoria Mining sells gold forward
When it comes to finding ways to raise money in today’s beaten down junior financing market, Lake Victoria Mining (US-OTC: LVCA) seems to have taken the task to a whole new level.
PE firm Denham Capital takes people-first approach
Private equity firm Denham Capital has invested in four mining ventures in South America and Africa since 2008, and is close to signing a fifth deal, this one with a team in Australia.
Yamana to partner up with Osisko, outbids Goldcorp
Osisko Mining (TSX: OSK; US-OTC: OSKFF) has worked out a deal with Yamana Gold (TSX: YRI; NYSE: AUY) to retain control of its Quebec-based Canadian Malartic gold mine while trumping Goldcorp’s (TSX: G; NYSE: GG) hostile bid.
Denison bids for JV partner Enexco
VANCOUVER — According to chairman Lukas Lundin, Denison Mines (TSX: DML; NYSE-MKT: DNN) aims to be the “pre-eminent exploration company in the Athabasca basin,” and it has taken step in that direction with its friendly…
Silver Wheaton hangs tough amidst lower metal prices
VANCOUVER — Despite a sharp fall in profits due to declining precious-metal prices, streaming outfit Silver Wheaton (TSX: SLW; NYSE: SLW) remains a favourite amongst analysts and investors. The company recorded its fifth…