Lundin Mining Corporation
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NICKEL-COPPER: Lundin secures financing for Eagle mine
MICHIGAN – Lundin Mining Corp. of Toronto has secured commitments from a syndicate of lenders for a $250 million loan with which to advance the Eagle nickel-copper project in the Upper Peninsula, near Marquette. The new credit agreement…
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Taking a closer look at Taseko’s options
Taseko Mines could become a consolidator in British Columbia and also prey to companies like Lundin Mining, Capstone Mining or Teck Resources, Chris Chang of Laurentian Bank Securities says.
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BASE METALS: Lundin adds up 2013, proposes 2013 targets
TORONTO – Lundin Mining Corp. is pleased with 2012 production numbers that are near the high end of the announced targets. The company finished the year with an output of 102,050 tonnes of copper, 122,204 tonnes of zinc, 38,464 tonnes of…
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COMMENT: Barrick tops list of sustainable Canadian miners
Corporate Knights, a specialized media and investment research company based in Toronto, has released its first Canadian mining sustainability ranking. The researchers measured the performance of 52 Canadian miners against 12 sustainability…
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Forty of our Finest
Reports have been read. Numbers crunched. Comparisons made. Now our annual look at Canada’s Top 40 mining companies is ready.
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Inmet finances Cobre Panama under majority ownership
VANCOUVER — Toronto-based major Inmet Mining has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it shoulder…
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EXPANSION: Tenke Fungurume grows, on target for 2013 start
DEMOCRATIC REPUBLIC OF CONGO – The US$850 million phase 2 expansion at the Tenke Fungurume copper and cobalt mine is on track for completion in 2013. Copper cathode production will rise to 195,000 t/y, and cobalt hydroxide output…
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MINING PEOPLE IN THE NEWS: Barrick and Lundin
To replace Greg Lang as president of the North American business unit, Barrick Gold of Toronto announced that Gary Halverson will take up those duties. He was the company’s president for the Australia Pacific region. To fill the vacancy in the…
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MINING PEOPLE IN THE NEWS: Alderon Iron Ore, Lundin and Redtail
Vancouver-headquartered Alderon Iron Ore Corp. has appointed Bernard Potvin as executive VP project execution, effective Nov. 14, 2011. During his career, Potvin has held senior roles at aluminum producers and Canadian iron ore producers,…
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Barrick Leads Top 40 List
The numbers have been crunched, the results tabulated, and CMJ is proud to announce this year’s top Canadian mining company is the world’s biggest gold producer, Barrick Gold. Thanks in part to the historic high price of gold, the company had…
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MERGER-GO-ROUND: Barrick offers $7.3-B for Equinox
Watching a hotly contested takeover unfold is enough to make a person’s head spin. The Lundin-Inmet-Equinox-Minmetals-Barrick saga is a case in point. Now the end is near and the deal looks better since Barrick Gold of Toronto has made a…
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OFFER: China’s Minmetals bids $6.3-B for Equinox
BEIJING – A subsidiary of China Minmetals, Minmetals Resources Ltd., has made a hostile bid for Vancouver-based Equinox Resources in an all cash offer of $7 per Equinox share. The offer represents a 33% premium on Equinox’s 20-day average…
