Editorial: Bidding wars heat up
The talk of the North American mining scene in mid-March was the ratcheting up of two high-profile bidding wars.
Financial Matters, M&A
White Tiger curls up with cash-strapped Century Mining (March 28, 2011)
Amid serious financial troubles, Century Mining (CMM-V) has agreed to an all-share takeover bid by White Tiger Gold (WTG-T), a newly listed gold miner 74% controlled by Russian mining promoter Maxim Finskiy.
Lundin’s board gives thumbs down to Equinox (March 22, 2011)
Lundin Mining (LUN-T) is urging its shareholders to reject a hostile takeover bid from Equinox Minerals (EQN-T, EQN-A) worth about $4.8 billion, arguing it is too low and that the Australian mining company would have to take on too much debt (a…
White Tiger curls up with cash-strapped Century Mining (March 18, 2011)
Vancouver – Financially troubled gold producer Century Mining (cmm-v) has agreed to an all-share takeover bid by White Tiger Gold (wtg-t), a newly listed gold miner 74% controlled by Russian mining promoter Maxim Finskiy. Century has struggled…
Not so friendly foreign direct investment (March 17, 2011)
Robert Amsterdam has carved out a reputation as the go-to lawyer for executives feeling the wrath of a hostile government. His battles with regimes in Russia, Nigeria and Venezuela, to name a few, have served to give him a unique perspective on…
Commentary: How to account for flow-through shares under IFRS
As a chartered accountant active in Canada’s junior mining scene, I decided to tackle the subject of accounting for flow-through shares under International Financial Reporting Standards (IFRS) for four main reasons.
Equinox makes surprise bid for Lundin (March 11, 2011)
A hostile bid by Equinox Minerals (EQN-T, EQN-A) for Lundin Mining (LUN-T) worth about $4.8 billion in cash and shares could derail a friendly merger proposed between Lundin and Inmet Mining (IMN-T, IEMMF-O) that is scheduled for a shareholder…
Equinox spoils Symterra dream
Nothing’s ever simple when it comes to Lundin Mining. This week, the volatile Vancouver-based international base-metals miner had its cozy proposed merger with Canada’s Inmet Mining fall apart in the face of a hostile, $4.8-billion bid by…
All eyes on M&A
The mining sector was thrust into the media spotlight in 2010 as the number of mining mergers and acquisitions (M&A) hit an all-time high. A new PricewaterhouseCoopers (PwC) report tracked 2,693 global mining M&A deals worth US$113…
Russia takes control of Uranium One
A Russian state-owned miner has acquired a majority stake in Uranium One (UUU-T) in exchange for its interest …
Editorial: Tiffany Breaks Out Smelling Salts for Woozy Tahera
The end of a financial quarter always springs a few surprises, and the week ended Sept. 29, the 39th trading week of 2007, had one for beleaguered Tahera Diamond shareholders, who have watched their i…
Editorial: McEwen’s right, but does anyone still care?
While Rob McEwen and Ian Telfer are two of mining’s most successful CEOs, you couldn’t get more pronounced differences in personality and style, with McEwen, the obsessive maverick, embodying the clas…