Glencore looks to let the light shine in
One of the most notoriously hush-hush commodity players in the world is set to open both its equity and its books to the public as Glencore International is set to make an initial public offering.
Financial Matters, M&A
Chinese M&A benefits from cost of capital arbitrage (April 13, 2011)
China’s M&A is “stepping up a notch” and with access to cheaper capital from state-owned banks the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a new report from CITI Investment Research in…
New Gold to buy Richfield for $550M
Richfield Ventures (RVC-V) has capped an impressive rise by agreeing to be snapped up by New Gold (NGT-T, NGD-X) in an all-share deal that values the junior at $550 million.
Minmetals to bid for Equinox Minerals
Shares of Equinox Minerals (EQN-T, EQN-A) surged 31.5% or $1.80 per share to $7.51 on news that Minmetals Resources intends to launch a $6.3-billion bid for the company – one of the largest proposed mining deals in China’s history.
Resource Capital Funds opens office in Toronto
You could say Ross Bhappu has the cactus ferruginous pygmy owl to thank for Resource Capital Fund’s foray into rare earths and its wildly successful investment in Molycorp (MCP-N).
Australia clears Minmetals Resources proposed bid for Equinox
The Australian government has no objection to Minmetals Resources’ proposed acquisition of Equinox Minerals (EQN-T, EQN-A), the Hong Kong-listed company says.
Minmetals Resources to bid for Equinox Minerals
Shares of Equinox Minerals (EQN-T, EQN-A) surged 31.5% or $1.80 per share to $7.51 today on news that Minmetals Resources wants to buy the company for $6.3 billion — the largest proposed minerals takeover bid in China’s history.
Lundin and Inmet part ways
Lundin Mining (LUN-T, LUMI-O) and Inmet Mining (IMN-T) have broken off their proposed engagement on the grounds that they “could not reach a position that we thought would be supported by both companies’ shareholders.”
Institutional Shareholder Services recommends Equinox bid
Equinox Minerals (EQN-T, EQN-A) announced today that Institutional Shareholder Services, an independent corporate governance analysis and proxy voting firm, is recommending that Lundin Mining (LUN-T, LUMI-O) shareholders vote in favour of its…
ARMZ cuts bid price for Mantra
With Japan’s unfolding nuclear disaster scaring many investors – and some governments – away from uranium, Russia’s Atomredmetzoloto (ARMZ) has come back with a more modest offer to buy Australia’s Mantra Resources (MRL-T, MRU-A) and its Mkuju…
MEG: Financings recovered fully in 2010
The following was released by the Metals Economics Group, based on its Strategic Report. For more information visit www.metalseconomics.com.
Lundin’s board gives thumbs down to Equinox (March 28, 2011)
Lundin Mining (LUN-T) is urging its shareholders to reject a hostile takeover bid from Equinox Minerals (EQN-T, EQN-A) worth about $4.8 billion, arguing it is too low and that the Australian mining company would have to take on too much debt (a…