Commentary: Making sense of royalty structures and rates
Royalties in the mining industry look pretty straightforward, but dig a little deeper and the complexities are soon apparent.
Financial Matters, M&A
Rio Tinto, Cameco lock horns over Hathor
The battle over Hathor Exploration (HAT-T) and its Roughrider high-grade uranium project in the Athabasca basin continues to heat up, with Rio Tinto (RIO-N, RIO-L, RIO-A) trumping Cameco’s (CCO-T, CCJ-N) latest offer.
China comes calling on Jaguar
Investors arguing that gold mining stocks are sitting at historically low valuations were given a serious boost to their case, in the form of the sector’s latest takeover offer.
Analysts question Iberian’s move
Iberian Minerals (IZN-V) has agreed to allow Trafigura Beheer, its largest shareholder, to acquire all of its shares that it doesn’t already own for $1.10 apiece in cash, causing some analysts to question the bid.
Chinese firms pledge to invest $1.4B in private BC coal projects
B.C.’s new Liberal premier, Christy Clark, has made bold statements about mining since taking power.
Cameco sweetens hostile Hathor bid
Cameco (CCO-T, CCJ-N) has raised its all-cash hostile offer for Hathor Exploration (HAT-T) by 20%, from $3.75 per share to $4.50 per share, trumping Rio Tinto’s (RIO-N, RIO-L, RIO-A) friendly $4.15 per share, all-cash bid.
China comes calling on Jaguar
Despite China being the largest producer of gold one of the country’s biggest state-owned gold mining companies is looking westward to lock-up future production.
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
PwC releases report on junior miners
Exploration spending in the twelve months ended June 30 increased 115% year-on-year while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, PwC concludes in its annual study of the top 100…
Asian group bids $1B for Grande Cache Coal
In an unusual move, two firms from traditional rivals China and Japan have teamed up to buy Alberta coal producer Grande Cache Coal (GCE-T) at a hefty premium, despite choppy times for the metallurgical coal industry.
Ventana 2.0? Ross Beaty invests heavily in CB Gold
Mining magnate Ross Beaty has agreed to invest $11 million in Colombia-focused junior gold explorer CB Gold (CBJ-V) just days after the company announced a major discovery at its main Vetas gold project.
Claude spices up its offer for St. Eugene
Claude Resources (CRJ-T, CGR-X) has sweetened its all-share bid for St. Eugene Mining (SEM-V).