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.
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 Resources (CRJ-T, CGR-X) has sweetened its all-share bid for St. Eugene Mining (SEM-V).
B2Gold (BTO-T) and Auryx (AYX-T) have agreed to tie the knot through a plan of arrangement by year-end.
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.
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.
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…
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’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.
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.
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.
Roots in The Salvation Army run four generations deep for mining entrepreneur and dealmaker Bruce Walter, the chairman of Toronto-based WW Mines.
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