Macarthur’s $100M Payday Disappears
VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…
Australia, NZ & South Pacific
New Gold to merge with Western Goldfields
New Gold (NGD-T) and Western Goldfields (WGI-T) are joining forces to create a diversified gold production base fro…
MacArthur’s $100-million pay day disappears
Vancouver – It seemed too good to be true and it was: MacArthur Minerals (MMS-V) fell 45% on news that a $100-mil…
Ivernia To Resume Lead Shipments After Bird Deaths
Having established a safe shipping method, the government of Western Australia has approved a plan by Ivernia (IVW-T, IVWFF-O) to resume the shipment of stockpiled lead concentrate from the port of Es…
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…
China Inc. steps up foreign acquisitions; bids for Oz Minerals
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hi…
‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
Ivernia resumes lead shipments
Having established a safe shipping method, Ivernia (IVW-T), which owns the Magellan lead mine in Australia, is resu…
Rio Tinto enters strategic partnership with Chinalco
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures an…
Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…