First Quantum exits DRC on a high note
First Quantum Minerals (FM-T) is putting an end to its troubles in the Democratic Republic of the Congo (DRC) by agreeing to sell its DRC assets and drop any related legal claims for US$1.25 billion.
Financial Matters, M&A
Teck to buy SilverBirch Energy
Teck Resources (TCK-T, TCK-N) is raising its exposure to Alberta’s oilsands with plans to purchase SilverBirch Energy (SBE-V) in a cash and stock deal worth $435 million. The acquisition will give Teck the rest of the Frontier oilsands project…
Luxor turns Crocodile hunter
Luxor Capital Group, a New York-based investment company, has launched a partial bid for Crocodile Gold (CRK-T), which operates gold mines in Australia.
Gold-Ore and Astur Gold to merge
Vancouver-based juniors Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) are joining forces to form a single, European-focused company with a producing gold mine and another gold project with upside.
Rio wins ruling, Ivanhoe stock falls
While being on the hook for half of a US$6-billion mine construction is hardly small potatoes, it’s a bargain compared to shouldering the burden alone.
Anaconda unloads iron ore assets in Chile
Anaconda Mining (ANX-T) has sold off its iron ore assets in Chile in a bid to pay down debt and focus on gold.
Virginia Mines a buy or hold near current levels: Cook, Casey
It is no easy task to find junior exploration companies these days with tangible assets and a steady share price able to withstand any mighty downdrafts that could accompany a wide-scale financial system collapse similar to the one seen in the…
KGHM starts the bidding on Quadra FNX
Three billion dollars may sound like a tidy sum – but when it’s the price tag on a global copper producer with a stable of enviable development projects, it may not be enough.
KGHM starts the bidding on Quadra FNX
While $3 billion may sound like a tidy sum, when it’s the price tag on a global copper producer with a stable of enviable development projects, it may not be enough.
Cameco bows out of Hathor bidding, Rio triumphs
Cameco’s (CCO-T, CCJ-N) hunt for Hathor Exploration (HAT-T) is over, leaving Rio Tinto (RIO-N, RIO-L, RIO-A) in the driver’s seat to acquire the junior and its Roughrider uranium deposit in Saskatchewan’s Athabasca basin.
BHP looks to exit diamond business
BHP Billiton (BHP-N, BLT-L, BHP-A) is considering leaving the diamonds business, because it may no longer fit its modus operandi of owning only “large, long-life, upstream and expandable assets.”
AngloGold to buy 19% of Mariana
AngloGold Ashanti (AU-N) is all set to acquire a 19.9% interest in fellow Deseado Massif landholder Mariana Resources (MRY-T, MARL-L).