VANCOUVER — It’s been a busy month on the deal front for Toronto-based junior Mega Uranium (TSX: MGA). In mid-June Mega announced a proposed merger with peer Rockgate Capital (TSX: RGT), which would create a cashed-up…
There are knocks on the door for Alacer Gold’s (ASR-T) Australian assets, and the company is listening.
VANCOUVER — Rockgate Capital (RGT-T) and Mega Uranium (MGA-T) are merging to create a uranium company with several advanced projects, early stage properties, a healthy treasury and a strong team of managers and directors.
On Dec. 31, 2012, the Toronto Stock Exchange made amendments to its company manual to require that TSX-listed issuers elect all directors annually, in addition to changes requiring disclosure of majority voting policies.
Newcrest Mining (NM-T, NCM-A), joining a growing list of miners that have been rattled by the recent dip in commodity prices amidst escalating costs, intends to slam the brakes on spending and swallow up to A$6 billion ($5.8 billion) in…
VANCOUVER — Mt. Todd, the largest undeveloped gold project in Australia, took a big step towards production with a prefeasibility study that gives owner Vista Gold (VGZ-T, VGZ-N) a choice: the company can either spend a billion dollars to…
VANCOUVER — Mining companies and resource investors are going to have a tough time believing Hanlong Group if it tables another takeover offer. Twice the huge Chinese energy and resource company has offered to take over junior miners, but…
Earlier this week OceanaGold (OCG-T, OGC-A) declared that the first concentrate from its Didipio open-pit mine in the Philippines was en route to Japan.
VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings…
Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.
Phil Newman, CEO of metals consultants CRU Strategies in London, kicked off the “Commodities and market outlook” technical session that launched the Prospectors & Developers Association of Canada convention with a relatively…
PORT MORESBY, PAPUA NEW GUINEA — Rising out of the sea at the collision of the Pacific and Indo-Australian tectonic plates, Papua New Guinea is the stuff of legend for both its geological potential and punishing working environment.
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