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…
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,…
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…
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.
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…
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).
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.
Finning to buy Caterpillar units
Roughly a year after it was forged out of the merger of Anatolia Minerals and Avoca Resources, Alacer Gold (ASR-T) showed the market that its operations are humming along, and that its aggressive exploration program could be set to pay near…
The government of Western Australia’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.
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 from US56¢ a share to US62¢ to buy 215.4 million…
Resources at BHP Billiton’s (BHP-N, BLT-L) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year US$30-million brownfield exploration program.
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