Letter to the Editor: Back off Berukoff
As a former Western Editor of your newspaper, I was disappointed to read the Lion One Metals (LIO-V) story (T.N.M., May 2-8, 2011).
Australia, NZ & South Pacific
Fiji-bound: Lion One hunts for elephants
After 14 unsuccessful years trying to build Cuba’s grandest chain of tourist resorts, North Vancouver stock promoter Walter Berukoff has moved on to a new tropical destination: Fiji. There, he plans to explore and develop a gold project named…
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…
Chinese M&A benefits from cost of capital arbitrage (April 13, 2011)
China’s M&A is “stepping up a notch” and with access to cheaper capital from state-owned banks the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a new report from CITI Investment Research in…
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.
Australian rich-list member invests heavily in New Mexico copper deal
Vancouver – Having spent the last two decades making a A$338-million fortune providing accommodation to mining companies, Australia’s Kevin Maloney has now decided to try his hand at the real thing. In March, he invested $10.2 million in…
La Mancha looks to add ounces in 2011
Having a geographically diversified portfolio of mining projects is always a good idea, but it is especially so when one of your projects is in Cote d’Ivoire. La Mancha Resources (LMA-T) had to suspend all gold mining and exploration activities…
Resolute Mining is focused on Mali
Resolute Mining (RSG-X) – the second-largest gold producer listed on the Australian Stock Exchange – may be preparing to wind down its Golden Pride mine in Tanzania in East Africa over the next 24 months after twelve very successful years and…
Wood Mackenzie estimates damage of Australian floods (January 31, 2011)
In an analysis of the disruption of coal exports from Queensland, research and consulting firm Wood Mackenzie estimates that more than half of Australia’s coal exports are likely to be affected and the impact will be felt strongly in the global…
Vista doubles gold reserves at Mt. Todd
In barely five months Vista Gold (VGZ-T, VGZ-N) has doubled the gold count at its Australian Mt. Todd project with an updated prefeasibility study.
Moly Mines shelves Spinifex Ridge moly-copper project in Oz
Falling metal prices and a higher Australian dollar have forced Moly Mines (MOL-T, MOL-A) to put on hold its Spinifex Ridge molybdenum-copper project in Western Australia’s Pilbara region.
Human Rights ruling for OceanaGold’s Didipio
Vancouver – A human rights ruling in the Philippines seems to have raised doubts as to the future of OceanaGold’s (OGC-T) Didipio project, while the Australian miner is assuring investors the project is a go.