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.
Financial Matters, M&A
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).
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.
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.