Rough and tumble M&A: Watch for more hostile bids, distressed M&A this year
The days of mining companies being offered fat premiums by potential buyers are but a distant dream to shareholders.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
COPPER: Taseko’s New Prosperity again fails to gain environmental okay
OTTAWA – The Hon. Leona Aglukkaq, federal minister of the environment, issued a statement on Feb. 26 denying authorization for Taseko Mines to proceed with development of the New Prosperity copper mine in British Columbia.
GOLD: Alderon’s Dufferin mine to reach production in next 60 days
NOVA SCOTIA –Appalaches Resources of Rimouski, QC, says that the reopened Dufferin gold mine near Port Dufferin will start producing gold in the next 60 days. Full production at a rate of 300 t/d will be reached within the next six months.
URANIUM: Results positive from met tests, ore sorting says Kivalliq
NUNAVUT – Kivalliq Energy Corp. of Vancouver is encouraged by the positive results of the metallurgical tests and radiometric ore sorting study on material from its Angilak uranium property in the territory. The company has been exploring...
MINING PEOPLE: China Gold, Colombia Crest, SnipGold, and Woulfe Mining
Xin Song has resigned his position as CEO at China Gold International of Vancouver to become the company's chairman. Bing Liu, a director of the company, has been named CEO.
Alderon secures power for Kami project
Alderon Iron Ore (TSX: ADV; NYSE: AXX) says it has confirmed a power supply for its Kami iron ore project in the Labrador Trough, checking off another milestone this year.
GOLD: Barrick sells Hemlo royalties to Mineral Streams
ONTARIO – Mineral Streams of Toronto has acquired two gold royalties on the output from Barrick Gold's Hemlo complex near Marathon, 350 km east of Thunder Bay. The first is a 0.25% net smelter return on the Williams mine. The other is a...
URANIUM: Phoenix deposit yields high grades for Denison
SASKATCHEWAN – Toronto-based Denison Mines Corp. continues to explore for uranium in the Athabasca Basin. Of particular interest are the high grades intersected at Zone A of the Phoenix deposit on the Wheeler River property (between Key...
BASE METALS: Trevali intersects long and strong Zn-Pb-Cu at Stratmat
NEW BRUNSWICK – Trevali Mining Corp. of Vancouver is intersecting multiple high grade massive sulphide lenses over what it says are significant intervals at its Stratmat zinc-lead-copper deposit in the Bathurst Mining Camp. The deposit...
COPPER-NICKEL: Tonnage grows for Duluth Metals in Minnesota
MINNESOTA – Duluth Metals of Toronto has increased the metal content as well as the tonnage of the resources in four deposits at its Twin Metals project in the northeast part of the state.
Altan CEO gets creative to finance greenfield exploration
VANCOUVER — It has been a lean two years for explorers working on greenfield discoveries, and president and CEO Evan Jones has seen just how tough capital markets have been on juniors as he's guided a pair of companies advancing...
Monica Ospina: How to create a local procurement strategy
Whether it is the cold of the Canadian north, the jungles of Africa or the deserts of Australia, a company seeking to extract minerals must develop a corporate social responsibility strategy or risk vocal and sometimes violent opposition to its...
Komatsu launches world’s largest hydraulic mining excavator
Komatsu’s Germany Mining Division has announced the global launch of the PC9000-12, the largest and most innovative hydraulic mining excavator in the […]