ARMZ’s $1.3B offer for Uranium One too low, analysts say
Uranium One (UUU-T) shareholders should “demand higher compensation” from majority owner ARMZ, which is bidding $1.3 billion to take the company private, one analyst says.
Financial Matters, M&A
Cameco closes Nukem acquisition
It took longer than expected, but Cameco (CCO-T, CCJ-N) has cleared all its regulatory hurdles and acquired nuclear fuel trader Nukem Energy GmbH.
Harry Winston sells jewelry arm to Swatch for $1 billion
VANCOUVER – Eight years after getting into the jewelry sector, Harry Winston Diamond (HW-T) is locking in its gains and getting out, selling its luxury retail unit to Switzerland’s Swatch Group in a $1-billion deal.
Is the iron ore rally overdone?
Spot prices for iron ore fines delivered to China touched a three-year low in September 2012 of US$87 per tonne before rebounding to US$119 per tonne in December and to the US$158-US$160 per-tonne level of recent days. The question is, where…
ArcelorMittal sells 15% stake in Canadian unit to Asian group
With demand for steel in Europe tumbling about 8% in 2012 and a cumulative 29% since 2007, Luxembourg-based steel maker ArcelorMittal (MT-N) has decided to sell a 15% stake in ArcelorMittal Mines Canada to an Asian consortium including South…
ArcelorMittal sells Canadian stake to Asian consortium
With demand for steel in Europe tumbling about 8% in 2012 and a cumulative 29% since 2007, Luxembourg-based steel maker ArcelorMittal (MT-N) has decided to sell a 15% stake in ArcelorMittal Mines Canada to an Asian consortium — including…
First Majestic buying Orko Silver for La Preciosa
“To add the amount of ounces we’re adding, there are simply not a lot of opportunities — it was almost a must-have for us to add this asset to our portfolio,” First Majestic Silver (FR-T) president and CEO Keith Neumeyer…
First Quantum sweetens bid for Inmet to $5.1B
First Quantum Minerals (FM-T, FQM-L) has stepped up its game to take over Inmet Mining (IMN-T), boosting its hostile offer to $5.1-billion in hopes of winning over Inmet shareholders, after failing twice to entice the company’s board in…
Canaccord reflects on juniors
In its last issue of the year, Canaccord Genuity’s Junior Mining Weekly takes a look back at 2012 and offers predictions for what lies ahead in 2013.
First Quantum adds heft to two Zambian projects
Proving that it’s got more going on than a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) has delivered some serious tonnage from two of its projects in Zambia.
Primero snapping up Cerro del Gallo
Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into merger-and-acquisition waters with a friendly offer to buy Australian gold explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth US$120 million.
First Majestic Buys Orko Silver for La Preciosa
“To add the amount of ounces we’re adding there are simply not a lot of opportunities – it was almost a must-have for us to add this asset to our portfolio,” said Keith Neumeyer, president and CEO of First Majestic Silver (FR-T). He was…