Will private equity save the mining sector?
With the mining sector in its third year of a painful downturn, a collective realization is setting in that business as usual isn’t going to cut it anymore.
Financial Matters, M&A
Cowen & Co.’s picks as M&A targets in gold’s next growth stage
In a report published early last month on acquisition targets that would make sense in the gold sector, Cowen and Company mining analysts Adam Graf and Misha Levental reason that major producers of the precious metal are still profitable and…
Commentary: Global mining M&A and investment in 2013
Like in any industry, supply-demand imbalances in mining products are at the root of dramatic price fluctuations and market upheavals. This is what has been happening in the mining industry in 2013: market imbalances have led to rock bottom…
Minvest Partners finds niche in advanced exploration assets
Valuations in the mining sector have sunk low enough to attract value-oriented private equity funds, including big generalist firms Apollo Global Management, Carlyle Group and KKR & Co.
International Millennium, Elephant Copper to merge
Vancouver-based International Millennium Mining (TSXV: IMI), which has exploration properties in B.C. and Nevada, is adding ground to its portfolio in Africa through a planned merger with a slightly larger private company called Elephant Copper.
[Update] Colossus proposes costly debt-equity deal to stay alive, then Arias cancels deal
VANCOUVER – Colossus Minerals (TSX: CSI) has spent the last six-plus years bringing the historic Serra Pelada gold-platinum-palladium project in Brazil to the brink of production. It has worked alongside a consortium representing tens of…
Mamba Minerals tables offer for Champion Iron
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) brought its Consolidated Fire Lake North project in the Labrador Trough to the prefeasibility stage, and Mamba Minerals (ASX: MAB) believes it has what it takes to advance the iron-ore project all…
Centamin eyes big African land position with Ampella bid
VANCOUVER — Gold producer Centamin (TSX: CEE; LSE: CEY; US-OTC: CELTF) has been searching for exploration upside in West Africa, and it looks like the company found a fit in Australian junior Ampella Mining (ASX: AMX; US-OTC: APMZF)…
LionGold could be looking for a project near you
Two years ago what is now Singapore-listed LionGold (SGX: SIGO) was called “Think Environmental Co.,” and it held investments and managed businesses in the renewable energy sector.
Highland Copper to acquire White Pine
Highland Copper (TSXV: HI; US-OTC: HDRSF) is expanding its footprint in northern Michigan with the acquisition of the White Pine copper project, 100 km southwest of its Keweenaw copper project.
Juniors weather storm in rough markets: PwC
It’s been a rough two years for junior mining companies globally, with a steep drop in commodity prices accompanying an uneven recovery in the world’s industrial economies, and a serious drop in investor confidence. Canadian miners…
Alix Resources all for bitcoin exchange
For those who claim that the mining industry rarely likes to adopt new technology, Alix Resources (TSXV: AIX; US-OTC: ARXFR) has a story to tell.