Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
M&A
Australian court okays BHP takeover of OZ Minerals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Monday that the Federal Court of Australia had approved its A$9.6 billion (US$6.4 billion) takeover of copper-gold producer OZ Minerals (ASX:…
Proxy advisory firms greenlight Integra-Millennial merger
Two independent proxy advisory firms have thrown their weight behind the proposed at-market merger of Integra Resources (TSXV: ITR) and Millennial Precious Metals (TSXV: MPM), concluding Friday the deal represents…
Hudbay makes friendly bid for Copper Mountain amid M&A flurry
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC; ASX: C6C) have agreed to merge, creating a copper producing powerhouse with projects across the Americas, and Canada’s…
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
Video: Orezone Gold eyes acquisitions to expand from troubled Burkina Faso
Orezone Gold (TSX: ORE; US-OTC: ORZCF) is resolving a power shortage at its new Bomboré gold mine in coup-prone Burkina Faso as it considers acquisitions in West Africa. Bomboré, 85…
Newmont said to be mulling sweetened bid for Newcrest
Newmont Mining (TSX: NGT; NYSE: NEM), the world’s largest gold producer, may be preparing a sweetened takeover offer for Newcrest Mining (TSX: NCM; ASX: NCM), which rejected the miner’s unsolicited…
Video: Emergent Metals racks up property deals in Quebec, Nevada
David Watkinson, president and CEO of Emergent Metals, discusses the company’s business model and current work being conducted by Rio Tinto at Emergent’s New York Canyon project in Nevada. Watkinson…
Teck Resources confirms mulling a coal business spin-out
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), has confirmed it is considering spinning out to shareholders its metallurgical coal business, sending shares up more than 10% on Thursday. The…
TSX rises over the Feb. 6-10 trading week
Over the Feb. 6-10 trading period, the S&P/TSX Composite Index rose by 146.22 points or 0.7% to 20,758.34. The S&P/TSX Global Mining Index gained 3.34 points or 2.9% to 116.22…
Yamana Gold, Pan American Silver shareholders approve Agnico Eagle deal
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) shareholders have approved the company’s acquisition by Pan American Silver (TSX: PAAS; NASDAQ: PAAS) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM)….
TSX Venture Exchange ends Nov. 28–Dec. 2 trading week higher
The S&P/TSX Venture Composite Index ended the Nov. 29-Dec. 2 trading session at 599.20 points, up 23.56 points or 4.1% higher. Topping the percentage gainers this week was Queensland Gold,…