Klondex Board Rejects Silvercorp Offer
VANCOUVER — Calling it “opportunistic,” Klondex Mines’ (KDX-T, KLNDF-O) board of directors has rejected an all-share hostile takeover bid made in June by Silvercorp Metals (SVM-T, SVM-X).
Asia
Teck Turns To China To Lower Debt
It was such a short time ago that Canada’s biggest independent miner was suffering from too much debt and too little cash flow.
Jinshan Gets US$31M Loan From China National Gold
Having China’s largest state-owned gold producer in its corner is starting to pay big dividends for Jinshan Gold Mines (JIN-T, JINFF-O).
Vale to take on 60% interest in Intrepid project
Intrepid Mines (IAU-T, IAU-A) has agreed to option 60% of its Tujuh Bukit sulphide copper-gold project in East Java…
Mechel posts Q1 net loss of US$690.7 million
A 60% drop in coking coal production and a sagging exchange rate for the Ruble plunged Russian integrated mining an…
Record production and increased Kazakh resources for Uranium One
Vancouver – Uranium One (UUU-T) announced record production results from its Kazakhstan mines and an increase in re…
Mongolian parliament votes in favour of Ivanhoe profit-sharing deal; agreement not yet finalized
Five years of negotiations with the Mongolian government might soon come to a positive end for Ivanhoe Mines (IVN…
UBS Investment Research forecasts thermal coal recovery
Signs of rising power consumption in China coupled with supply constraints across the Asia Pacific region are all a…
Western Areas signs offtake agreement with Jinchuan Group
China’s largest nickel company has signed a two-year offtake agreement with Western Areas (WSA-T, WSA-A) that will …
Euromax receives US$13.5-million payment for Bulagou
Vancouver – With US$13.5 million now in the bank from the sale of a gold property in China, Euromax Resources (EOX-…
Record coal sales for SouthGobi Energy Resources
SouthGobi Energy Resources (SGQ-V) more than doubled coal sales at its Ovoot Tolgoi mine last month and has moved i…
Scoping study complete for Inter-Citic’s Dachang
A scoping study for the Dachang gold project in China’s western Qinghai province estimates gold production averagin…