Teck Cominco and the Big Payout
Kalgoorlie, Western Australia — Executives of Teck Cominco (TCK.B-T, TCK-N) virtually sat on the doorstep of Rudi Gomez’s suburban residence in Adelaide to ensure a deal would be struck with this eng…
Australia, NZ & South Pacific
Update: Western Areas announces significant upgrade in mineral resource
Drilling at Western Areass (WSA-T, WSA-A) Flying Fox mine in western Australia has revealed a 25% increase in prev…
Suppliers News (August 20, 2007)
SNC to work with local engineers at Anglo’s Barro Alto
Barrick ups stake in PNG mine
Barrick Gold (ABX-T) has bought Emperor Mines(EMP-A) 20% stake in the Porgera gold mine in Papua New Guinea for US…
Australian Solomons’ drive to bring back Gold Ridge
Tsunamis and civil wars represent the darker side of building a mine in a tropical paradise like the Solomon Island…
Communists turn up heat on Philippine mining industry
The Communist Party of the Philippines (CPP) is threatening violence against mining companies and the government just weeks after reforms were announced that will bring extractive industries more clos…
Error in financial statements sends TVI down
TVI Pacific (TVI-T) says investors shouldnt rely on its financial information from 2005, 2006 or the first quarter…
UPDATE: Communists turn up heat on Philippine mining industry
*analyst comments added in graphs 6,7 and 8.The Communist Party of the Philippines (CPP) says things may get vi…
Gem Diamonds bids for Kimberley (July 30, 2007)
Up-and-comer Gem Diamonds (GEMD-L) of the U.K. has tabled a friendly A70-per-share cash offer for Perth-based Kimberley Diamond Co. (KDC-L, KIM-A), valuing the Aussie junior producer at A$300-million…
Nautilus gets sinking feeling
Vancouver — Shares of aspiring seafloor miner Nautilus Minerals (NUS-V, NUSMF-O, NUS-L) slipped to a several-month low recently following news that a works contract with its tentative development par…
Pallinghurst brings new offer for Consmin (July 30, 2007)
What started as a large private-equity investment has at last turned into a takeover battle for Consolidated Minerals (CSMBF-O, CNM-L, CSM-A), with the board of the Australian chrome and manganese pro…
Alcan introduces white knight (July 23, 2007)
Rio Tinto (RTP-N, RIO-L, RIO-A) has entered the lists as a friendly bidder for Alcan (AL-T, AL-N), in a deal that values the Montreal-based aluminum producer at $40 billion and knocks Alcoa (AA-N) out…