The end for Eurasia
Kazakhmys (KZMYF-O, KAZ-L) has taken up 96% of the outstanding shares of Eurasia Gold (EGX-T, EGXDF-O) and will move to a compulsory acquisition of the company.
News
No big lift for Atna (July 23, 2007)
Not even a 50% increase in resources at its Pinson gold property, in Nevada, could give Atna Resources (ATN-T, ATNAF-O) a substantial lift on the market.
Kakanda signs Otish deal
Shares in Kakanda Resources (KRC-V, KRCFF-O) rose 50% in one day on the company’s recent announcement of a change in focus to four new Otish basin uranium properties in Quebec.
Share the wealth
Commentary A recently published discussion paper has convinced the Prospectors and Developers Association of Canada board of directors to approve the principle of federal and provincial governments sharing natural resource…
Editorial: Rio Tinto bets heavily on aluminum with Alcan offer
There hasn’t been the slightest slowdown this summer in mergers-and-acquisitions activity, with the week ended July 14, the 28th trading week of 2007, punctuated by the largest takeover in global mini…
Suppliers News (July 23, 2007)
Caterpillar profits skyrocket
Alcan’s Canadian history
1900 — A contract for hydroelectric power is signed with Shawinigan Water & Power Co. in Shawinigan, Que. A year later, the first ingot, weighing 716 kilograms, is produced.
Toronto Stock Exchange July 10-16
The largest-ever takeover in global mining history drove the TSX Composite Index to an all-time high during the trading period July 10-16.
TSX Venture Exchange July 10-16
Modest gains in gold, silver, lead and zinc more than offset a slip in copper and nickel prices over the July 10-16 trading session, driving the S&P-TSX Venture Composite Index up 32.57 points to …
Osisko adds resources at Malartic (July 23, 2007)
An updated resource calculation for the Canadian Malartic gold deposit south of Malartic, Que., has increased the inferred resource there by about 30%.
Great Canadian Mining Takeovers
(over $500M)
New Gold raises $375M
Vancouver — New Gold (NGD-T, NGD-X) has closed a $375.3-million financing, leaving the company with some $400 million in the bank to fund mine development at its New Afton copper-gold project in sout…