Japan’s Sumitomo Metal Mining Co. has become the official joint-venture partner of IAMGOLD Corp. The Canadian bullion producer has finished the sale of 30% of its interest… Read more “Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project”
Gemfields’ shares fell over 2% after its largest investor Pallinghurst lowered the minimum number of acceptances from the company’s shareholders on its takeover offer. South Africa-listed Pallinghurst… Read more “Gemfields stock falls following Pallinghurst’s move to lower approval threshold for its bid”
The world’s fourth biggest gold miner, Goldcorp, is selling its Camino Rojo gold ad silver project in Mexico to Orla Mining. Camino Rojo, in Zacatecas state, is… Read more “Goldcorp offloads Camino Rojo gold-silver project in Mexico”
BHP Billiton, Rio Tinto and Anglo-American, three of the world’s biggest miners are all racing to fill the top spots on their boards, following announcements that their chairmen are stepping down.
Looking to expand its North American presence, British metals group Liberty House has placed bids to buy US-based Mesabi Metallics Co and ESML Holding Inc. Liberty House… Read more “American iron ore assets targeted by UK’s Liberty House”
The value of global cross-border M&A transactions has reached a decade high of US$337 billion. This is a 13 per cent increase from the first quarter of last year. This comes despite a 10 per cent drop in the volume of cross-border transactions.
New Pacific has announced that it has agreed to acquire a 100 per cent interest in Empresa Minera Alcira S.A., a private Bolivian incorporated mining company, from its three shareholders free of any debt.
Hedge fun Elliott Management is pressuring BHP Billiton to abandon its dual listing in Australia and the UK, as well as spinning off its US petroleum business to list on the New York stock exchange, it has been reported.
Asia’s coal markets have tightened in March as Cyclone Debbie hit Australian mines and ports and the Indonesian government continued to investigate East Kalimantan provincial ports.
Former NSW Minister Ian MacDonald will be sentenced to a possible jail term after he was found guilty of misconduct in public office over the issuing of a mining lease.