Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
Australia, NZ & South Pacific
Glass Earth reborn as Antipodes Gold, stays focused on NZ
VANCOUVER — New Zealand hosts intriguing mineralogy when it comes to epithermal gold–silver systems, and newly minted Antipodes Gold (TSXV: AXG; US-OTC: GELGD) is taking advantage of the near-term production potential of its…
Commentary: Coal down but not out
The following is an edited excerpt of a speech about the global outlook for coal by Dean Dalla Valle, president of BHP Billiton Coal, at the CEDA Energy and Resources series in Brisbane, Australia, where BHP has consolidated its metallurgical…
Crocodile Gold lines up $18M
Crocodile Gold (TSX: CRK; US-OTC: CROCF), which operates three gold mines in Australia, has announced an $18-million private placement with Sprott Asset Management, Eric Sprott and Luxor Capital Group to finance its growth projects.
Casablanca urges Cliffs to spin off international assets
Shares in Cleveland-based Cliffs Natural Resources (NYSE: CLF) have been trading heavily since activist hedge-fund Casablanca Capital urged the company to spin off its international assets and implement other changes to boost…
Barrick sells another asset in Australia
Barrick Gold (TSX: ABX; NYSE:ABX) is peeling back its presence in Australia, as it prepares to take another hit on its balance sheet due to Pascua-Lama.
Coeur’s 2014 production guidance causes concern
Coeur Mining (TSX: CDM; NYSE: CDE) has missed its 2013 silver production guidance, but delivered more gold than expected, helping it meet its silver-equivalent target. But some analysts are grumbling over the company’s…
OceanaGold posts strong finish in 2013
OceanaGold (TSX: OGC; US-OTC: OGDCF; ASX: OGC) exceeded its gold and copper production guidance for 2013 at lower than planned costs, while slashing debt by US$45 million in the fourth quarter, the company reports.
Toronto Stock Exchange, Jan. 6-10
Canada’s benchmark index gained during the week, as prices of gold and other commodities rose following poor North American jobs data.
OceanaGold sees a strong 2014 at Didipio
OceanaGold (TSX: OGC; US-OTC: OGDCF; ASX: OGC) has reduced the mine life for its Macraes gold mine in New Zealand, but expects a strong production year at its new Didipio copper–gold mine in the Philippines, leaving many investors…
Mamba Minerals tables offer for Champion Iron
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) brought its Consolidated Fire Lake North project in the Labrador Trough to the prefeasibility stage, and Mamba Minerals (ASX: MAB) believes it has what it takes to advance the iron-ore project all…
BHP closes nickel mine as prices rise
At a time when investors are getting more bullish about nickel prices BHP Billiton (NYSE: BHP; LON: BLT; ASX: BHP) has decided to close one of its key nickel mines in Australia.