Glencore eyes Viterra in $6.1B deal
Swiss-based Glencore International (GLEN-L) has tabled a friendly $6.1-billion cash bid for Saskatchewan-based grain handler Viterra (VT-T, VTA-A).
Australia, NZ & South Pacific
Nationalization agendas will take a bite out of industry revenues
Vancouver— Indonesia’s new indigenization legislation aimed at foreign mining companies opens another chapter in a resource-nationalization saga amongst developing countries.
Rio Tinto finds Australia’s biggest pink diamond
Rio Tinto (RIO-N)has discovered the biggest pink diamond yet found in Australia.
Rio finds Australia’s biggest pink diamond
Vancouver – Rio Tinto (RIO-L, RIO-A) has discovered the biggest pink rough diamond yet found in Australia.
Cerro Resources makes headway at Mt. Philp
A new resource estimate for the Mount Philp hematite iron prospect in Northwestern Australia shifts more inferred resources into the indicated category but has failed to lift the shares of Cerro Resources (CJO-V, CJO-A).
Malaysia gives Lynas temporary REE plant licence
Shares of Lynas (LYC-A) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, the Malaysian government has approved a temporary operating licence for the rare earth separation plant the…
Glencore, Xstrata to create megaminer
Commodities trader Glencore International (GLEN-L) is looking to combine with Xstrata (XTA-L) in an all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome,…
Crocodile execs applaud Luxor’s higher offer
Luxor Capital Group has increased its partial offer for Crocodile Gold (CRK-T), which operates gold mines in Australia. The New York-based investment company has raised its bid to US62¢ from US56¢ a share to buy 215.4 million…
Panoramic launches hostile bid for Magma Metals
An unsolicited takeover bid for Magma Metals (MMW-V, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 76.5% to close at 15¢ on Feb. 3, with nearly three million shares changing hands.
Malaysia gives Lynas temporary licence
Shares of Lynas Corp. (LYC-A, LYSDY-O) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, Malaysia has approved a temporary operating licence for the rare earth separation plant the company…
Updated resource fails to lift Cerro Resources
A new resource estimate for the Mt. Philp haematite iron prospect in Australia shifts more inferred resources into the indicated category but has failed to lift the shares of Cerro Resources (CJO-V, CJO-A).
Western Australia to expand Esperance port
The Western Australian government’s decision to expand capacity at the Esperance port will benefit companies like Macarthur Minerals (MMS-T, MMSDF-O) and others active in the emerging iron ore sector in the Yilgarn area.