Xstrata Triggers Consolidation Talk With Anglo American Offer
Consolidation is the key word again in the base metals sector after Xstrata (XSRAF-O, XTA-L) tabled an informal offer for London-based Anglo American (AAL-L, AAUK-Q) on June 21.
Anglo American plc
Xstrata’s Overture
Mega-merger talk kicked up again at the end of the 24th trading week of the year, as Xstrata unveiled its desire for a “merger of equals” with Anglo American.
New base metals index on the TSX
Base metals investors now have a new index to follow through the S&P/TSX Global Base Metals Index, launched today…
Editorial: Xstrata’s overture
Mega-merger talk has kicked up again, with Xstrata unveiling on Sunday its desire for a “merger of equals” with Ang…
Xstrata triggers consolidation talk
Consolidation is the key word again in the base metal sector after Xstrata (XTA-L, XSRAF-O) tabled an offer for Lon…
Venezuela terminates Gold Reserve’s rights at Brisas
In the last few months Venezuelan strongman Hugo Chavez has nationalized the assets of oilfield-services providers,…
Exeter Defines Big Caspiche Resource
VANCOUVER– The initial resource estimate for Exeter Resource’s (XRC-V) Caspiche gold-copper project in Chile is in and it is big.
M&A Kicks Up A Notch
As so often happens right after the Prospectors and Developers Association of Canada convention in Toronto, the tenth trading week of 2009 saw a surge in mergers and acquisitions activity, particularl…
Anglo American sells remaining stake in AngloGold Ashanti
Anglo American (AAUK-Q, AAL-l) no longer owns any shares in AngloGold Ashanti (AU-N, AGD-l).
Zambia wants Glencore to cough up two assets
The government of Zambia isn’t taking the consequences of falling metal prices lying down.
Kinross Takes Writedown, Boosts Gold Production
Score it another writedown for the big boys.
Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.