Flinders to buy Big North Graphite
Vancouver-based graphite producer Flinders Resources (TSXV: FDR; US-OTC: FLNXF) is moving to acquire Big North Graphite (TSXV: NRT).
Financial Matters, M&A
Peregrine shares drop on dilutive $15M financing
Shares in Peregrine Diamonds (TSX: PGD) fell by more than 20% on news of a $15.1-million rights offering that could dilute the stock by 100%.
Sandstorm supports Luna Gold after rough quarter
VANCOUVER — Luna Gold (TSX: LGC; US-OTC: LGCUF) had a rocky start to the year at its flagship Aurizona gold mine in Brazil’s Maranhao state, but that didn’t stop streaming outfit Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND)…
SouthGobi’s direction murky after Hong Kong deal
VANCOUVER — It’s been a nightmare two years for Mongolia-focused producer SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF), as it weathers socio-political challenges and low coking and thermal coal prices.
BHP plans spinoff to focus on ‘four pillars’
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is driving to simplify its portfolio.
Silver Wheaton CEO: we’re ‘busy pursuing acquisitions’
VANCOUVER — Since pioneering the stream financing model nearly a decade ago, Randy Smallwood and his team at Silver Wheaton (TSX: SLW; NYSE: SLW) have turned it into a multi-billion dollar business. It’s been around two years since…
Alderon Iron Ore signs offtake deal with Glencore
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has secured a second offtake agreement for iron ore from its 75%-owned Kami project in the Labrador Trough, bringing it one step closer to a financing agreement for the US$1.3-billion project.
Editorial: Cliffs and Casablanca – the start of a beautiful friendship?
It’s the biggest shareholder revolt of the current downturn in mining, but as we go to press it looks like Casablanca Capital has succeeded fulsomely in its long-shot bid to swamp the 11-member board of Cliffs Natural Resources with six…
Waterton boosts Chaparral bid
VANCOUVER – Five months after first bidding for Chaparral Gold (TSX: CHL), Waterton Global Resource Management has increased its offer for the Nevada gold explorer.
Barrick finds Saudi partner for stalled Jabal Sayid project
VANCOUVER — Saudi Arabian Mining Co. is buying a 50% stake in the Jabal Sayid copper project from Barrick Gold (TSX: ABX; NYSE: ABX) for US$210 million.
Corsa Coal to acquire PBS Coals
Severstal Resources, one of Russia’s largest producers of iron ore and coking coal and a division of Severstal (LSE: SVST), plunked down US$877 million in 2008 to buy PBS Coals, a privately held company in southwestern Pennsylvania with…
Barrick CEO Sokalsky stepping down
Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO Jamie Sokalsky will be leaving his post in September, as part of a management shakeup whereby the major gold producer is axing its CEO role and naming two executives as…