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.
You could say Ross Bhappu has the cactus ferruginous pygmy owl to thank for Resource Capital Fund’s foray into rare earths and its wildly successful investment in Molycorp (MCP-N).
The Australian government has no objection to Minmetals Resources’ proposed acquisition of Equinox Minerals (EQN-T, EQN-A), the Hong Kong-listed company says.
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.
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.”
Equinox Minerals (EQN-T, EQN-A) announced today that Institutional Shareholder Services, an independent corporate governance analysis and proxy voting firm, is recommending that Lundin Mining (LUN-T, LUMI-O) shareholders vote in favour of its…
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…
The following was released by the Metals Economics Group, based on its Strategic Report. For more information visit www.metalseconomics.com.
Lundin Mining (LUN-T) is urging its shareholders to reject a hostile takeover bid from Equinox Minerals (EQN-T, EQN-A) worth about $4.8 billion, arguing it is too low and that the Australian mining company would have to take on too much debt (a…
The talk of the North American mining scene in mid-March was the ratcheting up of two high-profile bidding wars.
Amid serious financial troubles, Century Mining (CMM-V) has agreed to an all-share takeover bid by White Tiger Gold (WTG-T), a newly listed gold miner 74% controlled by Russian mining promoter Maxim Finskiy.
Lundin Mining (LUN-T) is urging its shareholders to reject a hostile takeover bid from Equinox Minerals (EQN-T, EQN-A) worth about $4.8 billion, arguing it is too low and that the Australian mining company would have to take on too much debt (a…
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