Mayhem In Madagascar
Madagascar is in a state of upheaval, and while foreign miners with operations there deny being affected, no one knows how it will play out in the end.
Rio Tinto plc
Kinross Invests In Ailing Harry Winston
Kinross Gold (K-T, KGC-N) is raising some eyebrows with a surprise move into the diamond business, starting with a US$150-million offer for stakes in diamond miner and retailer Harry Winston Diamond (…
Rio-Chinalco deal clears its first hurdle
Australia’s competition regulators aren’t objecting to a US$19.5 billion investment in Rio Tinto (RTP-N, RIO-l) fro…
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…
Situation in Madagascar worsening
Madagascar is in a state of upheaval, and while foreign miners with operations there say they have thus far been un…
Rio Tinto Gets US$761M For Jacobs Ranch Coal Mine
Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp. of China (ACH-N) (Chinalco) hasn’t slowed the pace of the debt-laden major’s asset sales.
Oyu Tolgoi Agreement Makes Headway In Mongolia
Ivanhoe Mines (IVN-T, IVN-Q) says that Mongolia’s cabinet has completed its second review of the draft investment agreement for the massive Oyu Tolgoi project and has said it will present the draft to…
Troubles in Madagascar
Madagascar’s army has been taken over by a rebel solider triggering fears of a civil war on the island nation.
Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
Mongolia’s cabinet endorses in principle Oyu Tolgoi draft agreement
Shares of Ivanhoe Mines (IVN-T, IVN-q) rose 2% or 11¢ to $5.99 apiece in mid-morning trading following news th…
China Inc. Steps Up Foreign Acquisitions
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hit by the financial crisis and poor metal prices.
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…