Shares of Equinox Minerals (EQN-T, EQN-A) surged 31.5% or $1.80 per share to $7.51 today on news that Minmetals Resources wants to buy the company for $6.3 billion — the largest proposed minerals takeover bid in China’s history.
Dissident shareholders of Turkey-focused gold explorer Mediterranean Resources (MNR-T) appear to have forced the resignation of the company’s president and CEO, Peter Guest, aged 73. Newly appointed director Christopher Ecclestone of New York…
Eleven of the 81 provinces in the Philippines have either imposed moratoriums on open-pit mining projects or on the mining of specific minerals, and a twelfth is set to soon join the list, according to Allan & Associates, a security risk…
A new report from Scotiabank says the negative fallout from Japan’s earthquake and tsunami are “likely to prove temporary with Japan quickly gearing up its economy again.”
China’s Ministry of Finance and State Administration for Taxation will start levying a tax on rare earth elements mined in the country beginning on April 1.
With the disaster in Japan reaping havoc on global markets, investors may well be looking to the past to get a better understanding of what investments held up in such uncertain times. The natural place to begin looking would be the stock…
On March 11, in a defining day of the new decade, residents of Japan’s northeast coastal region were hit by a deadly triple whammy of a 9.0-magnitude earthquake, a resulting tsunami with waves reaching 10 metres in height, and a growing threat…
Tata Steel of India has joined the ranks of foreign steelmakers that are trying to nail down long-term iron ore supply in Canada. The South Asian steel giant has signed a binding heads of agreement with New Millennium Capital Corp. (NML-V) to…
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…
In late December 2010 a spokesman for the National Democratic Front (NDF), a confederation that encompasses many of the Philippines’ leftist groups – including the Communist Party of the Philippines (CPP) and its New People’s Army (NPA)…
Alamos Gold (AGI-T) expects to release a resource estimate in March, and a prefeasibility study before July for its projects in Turkey: Agi Dagi and Kirazli.
Record gold production at low cash costs averaging US$186 per oz. contributed to a record net profit after-tax of US$58.1 million in the six months ended Dec. 31, 2010, Medusa Mining (MLL-T, MML-L, MML-A) reports.
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