Sibanye Gold dives headlong into platinum
In less than a month, South African miner Sibanye Gold (NYSE: SBGL) has announced two acquisitions that will make it a big player in the platinum market, and the fifth-largest PGM producer in the world.
Volume 101 Number 37 Oct 26 - Nov 1, 2015
Aberdeen shifts strategy and focus
For most of its corporate history, Aberdeen International (TSX: AAB) has taken minority, non-controlling equity stakes in mostly public junior mining companies, along with a small contingent of private companies.
Site Visit: Cupric’s ‘paradigm changer’ in the Kalahari
MAUN, BOTSWANA — When an all-star mining team with an ample exploration budget arrives in a supportive, mineral-rich jurisdiction, exciting transformations are bound to happen. Cupric Canyon Capital’s Khoemacau copper-silver…
John Baird says pushback needed to support mining
Canada’s former foreign minister John Baird says the mining industry and government “must play offence, not defence,” when it comes to defending their interests and combating anti-mining activism.
Alamos bids $28.5M for Carlisle
Alamos Gold (TSX: AGI; NYSE: AGI) is offering to buy the shares it doesn’t already own in Carlisle Goldfields (TSX: CGJ) for $28.5 million, so it can gain a 100% interest in the Lynn Lake gold project in Lynn Lake, Man.
Silver Institute: Coin demand forces five major mints to restrict supply
The following is an edited summary report from the Washington D.C.-based Silver Institute. For more information please visit www.silverinstitute.org.
Tycoon takes 9.9% stake in Teranga Gold
David Mimran — a financier, Hollywood movie producer and CEO of his family’s Mimran Group, whose wealth stems from agri-industry (flour, sugarcane, grain, animal feed) to banking, shipping and real estate — has taken a 9.9%…
US equities post marginal gains, Oct. 9-15
A slowing global economy pushed U.S. industrial production down 0.2% in September, following a 0.1% drop in August, while producer prices slid 0.5% last month, the largest drop since January, and retail sales rose just 0.1%. The…
Caterpillar launches major restructuring
Heavy equipment manufacturer Caterpillar (NYSE: CAT) will transform how its mining, customer and dealer divisions operate with an eye toward increasing efficiency and customer satisfaction.
TSX dips, Oct. 9-15
The S&P/TSX Composite Index fell 1% during the Thanksgiving holiday-shortened period to finish Oct. 15 at 13,828.97. The S&P/TSX Capped Metals & Mining Index tumbled 3.7% to 469.58, while the S&P/TSX Global Gold Index jumped…
Editorial: What to expect from a Liberal government in Canada
The stunning return of the Liberal Party of Canada to majority status in the federal election held Oct. 19 surprised most people in Canada, who had expected at best a surge to minority government from third place behind the ruling Conservative…
TSX Venture edges higher, Oct. 9-15
The S&P/TSX Venture Composite Index rose 1.8%, or 9.67 points, to close at 556.71 points, as gold prices gained 2%, or US$24, before closing at US$1,181.3 per oz. gold.