SASKATOON – Nutrien Ltd. announced on July 9 that it has entered into a definitive agreement to acquire Waypoint Analytical of Memphis, Tenn. and its operating subsidiaries. Waypoint is the largest agriculture laboratory group in the United States and among…
INDONESIA – The rumours are flying this week concerning who might buy out Rio Tinto’s share of the giant Grasberg copper mine in the province of Papua. Rio let it be known several weeks ago that it wanted to sell…
After taking an initial 15% stake in junior zinc developer Arizona Mining (TSX: AZ) in April 2017 for US$81 million and boosting it to 17% over the next year for another US$23 million, South32 (LON: S32) is now offering US$1.3 billion in cash…
BEIJING – Ivanhoe Mines of Vancouver and CITIC Metal has signed a long term strategic co-operation agreement that will give CITIC a 19.9% stake in Ivanhoe. CITIC becomes Ivanhoe’s largest investor, leaving chairman Robert Friedland with a 17% stake. The…
World’s largest potash producer expects ‘huge’ synergies
CIM 2018 plenary session pinpoints complex challenges facing miners.
VANCOUVER – Canadian Zinc Corp. is gearing up for the final push of fundraising for its Prairie Creek zinc-lead-silver project in the Northwest Territories. Management will ask that the company be reorganized at its annual general and special meeting to…
ALBERTA – Global engineering and design firm Stantec has signed a Letter of Intent to acquire Norwest Corp. With the addition of Norwest, Stantec’s Energy and Resources business operating unit will add a strong mining practice to the company’s portfolio…
VANCOUVER – Canadian Zinc Corp. has entered into an equity financing arrangement with a subsidiary of Resource Capital Fund. The fund will purchase 100 million Canadian Zinc shares at $0.20 per share. The subsidiary will also be issued 50 million…
Nevsun Resources (TSX: NSU; NYSE: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has a problematic structure. The mining company argues the cash and share proposal undervalues its high-grade…
The merger of Azarga Uranium (TSX: AZZ; US-OTC: PWURF) and URZ Energy (TSXV: URZ; US-OTC: URZZF) will create a new uranium development company focused on in situ recovery (ISR) uranium deposits in the United States. Azarga controls six uranium assets in the U.S. and…
Before Chaarat Gold (LON: CGH) launched an US$800-million, cash-and-share proposal to acquire Centerra Gold’s (TSX: CG) Kumtor mine in Kyrgyzstan, very few North Americans had even heard of the junior mining company. But what Chaarat lacks in visibility on this side of the…