Glass Lewis backs Kinross-Red Back deal

Independent advisory firm Glass Lewis & Co has recommended that shareholders vote in favour of Kinross Gold's proposed acquisition of Red Back Mining, the two firms said on Wednesday. The boards of both Kinross and Red Back have backed the...

Equinox sees Zambia uranium exports in 2-3 years

Equinox Minerals plans to start exporting stockpiled uranium from its Lumwana mine in Zambia in about two to three years, when prices rise, the head of the company said on Wednesday. CE Craig Williams said Equinox had so far stockpiled...

China may probe BHP's bid for Potash – paper

China may launch an antimonopoly probe into BHP Billiton's $38,6-billion bid for Canada's Potash Corp, the China Business News said on Wednesday, citing a source familiar with the matter. China will also review the merger case of two Russian...

Uranium One investors OK ARMZ deal

Shareholders in Uranium One have approved a transaction that will result in Russian government-owned uranium-miner Atomredmetzoloto (ARMZ) holding 51% of the company. About 95,05% of the votes cast at a meeting in Vancouver on Tuesday were voted...

Kodiak Exploration to buy fellow-junior Golden Goose

Canadian explorer Kodiak Exploration has agreed to buy Golden Goose Resources in an all-share transaction, the firms announced on Tuesday. The combination will create a "well-financed gold company with near-term production potential," Kodiak and...

Lundin boosts copper reserves at Neves Corvo

Toronto-based Lundin Mining has increased both reserves and resources of copper at its Neves-Corvo mine, in Portugal, since its last update six months earlier. Lundin, which reported resource and reserve estimates for its mines in Europe and...

Timmins Gold reports on first quarter at Mexico mine

Shares in Vancouver-based Timmins Gold rose 5% on Tuesday, after the firm reported financial and operating results from the first quarter of commercial production at its San Francisco mine, in Mexico. Timmins poured the first gold at San...

Baffinland Iron seeks partner for Nunavut project

TSX-listed Baffinland Iron Mines is hoping to secure a strategic partner for its $4,1-billion Mary River iron ore project within the next two to three months, chairperson and acting CEO Richard McCloskey said on Tuesday. Baffinland is looking to...