Anglo American plc

Vancouver — Southwestern Resources (SWG-T) has entered into two joint ventures to explore for gold and copper in southern Peru.

Toronto-based junior company OntZinc (OTZ-V) has closed its purchase of Hudson Bay Mining & Smelting from South African mining house Anglo American (AAUK-Q) after completing large equity and debt financings.

A significant decline in precious metal prices over the week took the wind out of the junior resource market. The S&P-TSX Venture Composite Index closed at 1,721.79 for the week Dec. 8-14, up slightly from previous week’s close of 1,712.19, but no…

The equity offering to finance OntZinc‘s (OTZ-V) purchase of Hudson Bay Mining & Smelting will raise up to $143.8 million, following agreements with a syndicate of seven investment houses.

The report period ended Dec. 14 culminated in the Federal Reserve’s delivery of a widely anticipated 25-basis-point increase in the target overnight interest rate to 2.25%. Meanwhile, the wider markets rallied as the U.S. dollar firmed, with both…

Continued exuberance in the metals market enabled the junior-mining-dominated S&P-TSX Venture Exchange composite index to close at 1754.39, up an impressive 3.2%, or almost 54 points, during the period Nov. 24-30. Average daily volume over the wee…

In the midst of trying to raise a hefty stack of cash to complete its planned acquisition of Anglo American‘s (AAUK-Q) Canadian operation, Hudson Bay Mining & Smelting, junior OntZinc (OTZ-V) has adopted a sha…