B2Gold, Auryx to hook up
B2Gold (BTO-T) and Auryx (AYX-T) have agreed to tie the knot through a plan of arrangement by year-end.
Financial Matters, M&A
Poland’s KGHM seeks new acquisitions
With mining stocks falling, it is little wonder that talk of mergers and acquisitions has picked up. Unfortunately for most junior mining companies, much of the talk has remained just that – talk.
Facts ‘n’ figures: GFMS finds gold hedging back in fashion
The following is the summary portion of the report Global Hedge Book Analysis Q2-2011, which is produced by Thomson Reuters GFMS and available in full at www.gfms.co.uk.
China’s Minmetals strikes again
Minmetals Resources, in which China’s state-owned Minmetals Group holds a majority stake, is flexing its deal-making muscle again with a friendly takeover offer for Anvil Mining (AVM-T, AVM-A), an Australian company with a copper mine in the…
Poland’s KGHM seeking new acquisitions in the Americas
With mining stocks falling to cheaper levels on almost a daily basis, it is little wonder that talk of M&A activity has been picking up. Unfortunately for most junior mining companies, much of the talk has remained just that… talk.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
Major Drilling neatly scoops up Bradley Group
Less than a month after the proposed deal was first announced, Major Drilling Group International (MDI-T) closed out September by wrapping up its acquisition of smaller, fellow drilling company Bradley Group Ltd. of Rouyn Noranda, Que.
Macleod Dixon to merge with Norton Rose
Two top-tier law firms specializing in the mining and energy sectors, Maclead Dixon and the Canadian arm of Norton Rose Group, are joining forces to create Norton Rose Canada.
Business is a fun game to play for Bruce Walter
Roots in The Salvation Army run four generations deep for mining entrepreneur and dealmaker Bruce Walter, the chairman of Toronto-based WW Mines.
Editorial: Expect more M&A in gold
In a presentation at this year’s Denver Gold Forum, Minefinders president and CEO Mark Bailey summed up the spirit of this year’s event – a place where the lobbying and meetings continue non-stop over three days from 7 a.m. over a continental…
Takeover bid for Hathor becomes heated
Cameco’s (CCO-T, CCJ-N) hostile takeover bid for Hathor Exploration (HAT-T) turned uglier when the uranium producer slammed the credibility of the junior’s preliminary economic assessment (PEA) for its Roughrider deposit in northern…
Agnico to scoop Grayd
Agnico-Eagle Mines (AEM-T, AEM-N) has made a friendly $275-million takeover bid for Grayd Resource (GYD-V) and its two Mexican gold projects.