China comes calling on Jaguar
Despite China being the largest producer of gold one of the country’s biggest state-owned gold mining companies is looking westward to lock-up future production.
Financial Matters, M&A
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
PwC releases report on junior miners
Exploration spending in the twelve months ended June 30 increased 115% year-on-year while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, PwC concludes in its annual study of the top 100…
Asian group bids $1B for Grande Cache Coal
In an unusual move, two firms from traditional rivals China and Japan have teamed up to buy Alberta coal producer Grande Cache Coal (GCE-T) at a hefty premium, despite choppy times for the metallurgical coal industry.
Ventana 2.0? Ross Beaty invests heavily in CB Gold
Mining magnate Ross Beaty has agreed to invest $11 million in Colombia-focused junior gold explorer CB Gold (CBJ-V) just days after the company announced a major discovery at its main Vetas gold project.
Claude spices up its offer for St. Eugene
Claude Resources (CRJ-T, CGR-X) has sweetened its all-share bid for St. Eugene Mining (SEM-V).
B2Gold, Auryx to hook up
B2Gold (BTO-T) and Auryx (AYX-T) have agreed to tie the knot through a plan of arrangement by year-end.
Poland’s KGHM seeks new acquisitions
With mining stocks falling, it is little wonder that talk of mergers and acquisitions has picked up. Unfortunately for most junior mining companies, much of the talk has remained just that – talk.
Facts ‘n’ figures: GFMS finds gold hedging back in fashion
The following is the summary portion of the report Global Hedge Book Analysis Q2-2011, which is produced by Thomson Reuters GFMS and available in full at www.gfms.co.uk.
China’s Minmetals strikes again
Minmetals Resources, in which China’s state-owned Minmetals Group holds a majority stake, is flexing its deal-making muscle again with a friendly takeover offer for Anvil Mining (AVM-T, AVM-A), an Australian company with a copper mine in the…
Poland’s KGHM seeking new acquisitions in the Americas
With mining stocks falling to cheaper levels on almost a daily basis, it is little wonder that talk of M&A activity has been picking up. Unfortunately for most junior mining companies, much of the talk has remained just that… talk.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.