Molycorp/Neo Material deal puts upstream and downstream together
News of Molycorp’s (MCP-N) proposed acquisition of Neo Material Technologies (NEM-T) in a cash and stock deal worth $1.3 billion sent the shares of both companies soaring.
Europe
Eldorado expands following record breaking year
Vancouver — Eldorado Gold (ELD-T, EGO-N) has ridden a wave of higher production and rising gold prices to record earnings in 2011.
Celeste looks to resurrect tin mining in Cornwall
A lot can change in a year. For Celeste Copper (C-V), a former copper-gold explorer struggling to advance optioned properties in Chile, it has meant new management, new deep-pocketed investors, a new jurisdiction and a new target: tin.
Nyrstar’s meteoric rise as a miner
Vancouver — Born of two established metals companies as a pure smelting play in 2007, Brussels-listed Nyrstar NV has since grabbed a commanding position in the zinc supply chain with no sign of slowing down.
Elgin’s bid for Gold-Ore to create new Arctic gold producer
With gold equities having largely underperformed for more than a year despite gold prices hitting a series of new all-time highs, many predict a fresh wave of M&A activity for the gold sector in 2012, arguing it now represents one of the…
Kuriskova uranium project low-cost, Tournigan says
Slovakia has four nuclear reactors that generate half the nation’s electricity needs, and two more reactors are planned or under construction. That makes Tournigan Energy’s (TVC-V) flagship Kuriskova uranium deposit in the country an attractive…
UK potash project has ‘world’s largest’ polyhalite resource?
The rolling hills and purple heather of northern England’s North Yorkshire Moors are more associated with tourism these days than with the area’s long-shut iron ore mines and blast furnaces. Where mining and industrial activity once formed part…
Salazar gains on Lundin’s investment
Salazar Resources (SRL-V) climbed 18% on news that Lundin Mining (LUN-T) acquired a 15.4% stake in the company by buying over 80% of Salazar’s $3-million private placement, consisting of 6 million units priced at 50¢ apiece.
Glencore, Xstrata in merger talks
Commodities trader Glencore (glen-l) is looking to combine with Xstrata (xta-l) in a possible all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome, and become a…
Great Western to reap Chinese expertise
Over the last month Great Western Minerals (GWG-T) has completed a joint-venture with the Chinese to build a rare earth separation plant near its Steenkampskraal mine in South Africa, about 350 km north of Capetown, and successfully carried out…
Elgin bid for Gold-Ore creates new Arctic gold producer
With gold equities having underperformed for more than a year despite the gold price hitting a series of new all-time highs, many analysts have predicted a fresh wave of M&A activity for the gold sector in 2012, arguing it represents one of…
Kuriskova project very low cost, Tournigan says
Slovakia–a country roughly the size of South Carolina–has four nuclear reactors generating half the nation’s electricity needs with two more reactors planned or under construction, making Tournigan Energy’s (TVC-V) flagship Kuriskova…