TSX Venture edges higher, Sept. 16-20: Great Bear, Amex Exploration, Aurania, Equinox
The S&P/TSX Venture Composite Index rose 0.2% to 590.45 during the trading week. Shares of Great Bear Resources rose 4.7% to $8.99. On Sept. 3,…
Equinox Minerals Limited
Glencore goes public with US$11B IPO
Before early May’s commodities rout, Glencore International was expected to fetch a valuation of as much as US$70 billion, but the metal-trading king’s imminent move into the public markets will still come with a hefty valuation of US$61…
First Quantum’s Trident receives Zambian president’s blessing
Even though it has yet to complete an initial National Instrument 43-101-compliant resource estimate for its recently acquired Trident copper project in Zambia, Vancouver-based copper miner First Quantum Minerals (FM-T, FQM-L) held a…
Barrick bids for Equinox (May 02, 2011)
The board of Equinox Minerals (EQN-T, EQN-A) is withdrawing its bid for Lundin Mining (LUN-T) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (ABX-T, ABX-N), which values the company at about $7.3 billon. The…
China Minmetals walks from Equinox; Chinalco signs copper JV with Rio Tinto
As China Minmetals turns its back on Equinox Minerals (EQN-T, EQN-A) saying Barrick Gold’s (ABX-T, ABX-N) $7.3 billion offer for the copper producer is above its “most optimistic assessment of value,” another Chinese state-owned company has…
Barrick bids for Equinox (April 25, 2011)
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
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.
Australia clears Minmetals Resources proposed bid for Equinox
The Australian government has no objection to Minmetals Resources’ proposed acquisition of Equinox Minerals (EQN-T, EQN-A), the Hong Kong-listed company says.
Minmetals Resources to bid for Equinox Minerals
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.
Zambian smelting shortfall a concern, Lundin says
When Phil Wright recently lashed out against Equinox Minerals’ (EQN-T, EQN-A) hostile takeover bid for Lundin Mining (LUN-T) in a conference call, the chief executive cited the shortage of Zambian smelting capacity as yet another project risk…
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.”
Institutional Shareholder Services recommends Equinox bid
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…