Financial Matters, M&A






Minmetals to bid for Equinox Minerals

Shares of Equinox Minerals (EQN-T, EQN-A) surged 31.5% or $1.80 per share to $7.51 on news that Minmetals Resources intends to launch a $6.3-billion bid for the company – one of the largest proposed mining deals in China’s history.





Lundin and Inmet part ways

Lundin Mining (LUN-T, LUMI-O) and Inmet Mining (IMN-T) have broken off their proposed engagement on the grounds that they “could not reach a position that we thought would be supported by both companies’ shareholders.”



ARMZ cuts bid price for Mantra

With Japan’s unfolding nuclear disaster scaring many investors – and some governments – away from uranium, Russia’s Atomredmetzoloto (ARMZ) has come back with a more modest offer to buy Australia’s Mantra Resources (MRL-T, MRU-A) and its Mkuju…


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