Grande Cache rises as deal nears completion
Investment Canada shunned critics and gave a nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Asia
Malaysia gives Lynas temporary REE plant licence
Shares of Lynas (LYC-A) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, the Malaysian government has approved a temporary operating licence for the rare earth separation plant the…
Positive prefeasibility for Silvercorp
AMC Mining Consultants has given the thumbs-up to Silvercorp Metals’ (SVM-T, SVM-N) Gaocheng silver-lead-zinc project in southern China in a prefeasibility study that outlines a $73.7 million net present value at an 8% discount rate, a…
Glencore, Xstrata to create megaminer
Commodities trader Glencore International (GLEN-L) is looking to combine with Xstrata (XTA-L) in an all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome,…
The shine is back on uranium stocks
Korea Electric Power Corporation is taking a 13.9% stake in Strathmore Minerals (STM-T) in a deal that will also give the Korean energy giant off-take rights to a portion of the uranium junior’s future production.
Canada/China sign landmark uranium deal
A new trade deal allowing exports of Canadian uranium to China is producing cheers from uranium companies across the country. The deal was one of several agreements signed during a visit this week to China by Canadian Prime Minister Stephen…
Malaysia gives Lynas temporary licence
Shares of Lynas Corp. (LYC-A, LYSDY-O) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, Malaysia has approved a temporary operating licence for the rare earth separation plant the company…
Glencore, Xstrata in merger talks
Commodities trader Glencore (glen-l) is looking to combine with Xstrata (xta-l) in a possible all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome, and become a…
Positive prefeasibility for Silvercorp’s Gaocheng property
AMC Mining Consultants has given the thumbs up to Silvercorp Metals’ (SVM-T, SVM-N) silver-lead-zinc project in southern China in a prefeasibility study that outlines a net present value of $73.7 million at an 8% discount rate, an…
Prophecy Coal sets out financials for Mongolian power project
Prophecy Coal (PCY-T) has outlined the feasibility of its plan to unlock value from its Chandgana coal deposit in northern Mongolia by building a 600-megawatt thermal power plant.
Ivanhoe drops poison pill, secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
Woulfe scopes Muguk’s charm
Woulfe Mining (WOF-V), pleased with an initial resource at the Muguk gold-silver project in South Korea, has started a scoping study at the past-producing mine.