Global Mining News in real time

Zara Resources’ triple hostile takeover bid declared illegal

By: Henry Lazenby Ontario-based Zara Resources’ simultaneous takeover offers for three resource juniors was on Monday cease-traded by the Québec Bureau de décision et de révision (BDR) on grounds that a lack of French-language shareholder information invalidated the takeover process. TSX-V-listed Visible Gold... 

Orbite rises on first trading day following Feb suspension

By: Matthew Hill Shares in Orbite Aluminae, which hopes to produce the raw material used to make aluminium from clay deposits in Quebec, rose nearly 5% on Thursday, as regulators lifted a trading halt that had been in place since February 23. Autorite des marches financiers (AMF) had ordered the TSX-listed... 

Orbite's technical report not compliant, Quebec regulator tells company

By: Matthew Hill Shares in Orbite Aluminae spiralled as much as 25% on Friday afternoon, after it said Quebec’s financial regulator notified the company the preliminary economic assessment (PEA) for the Grand-Vallée alumina project did not comply with regulations. “Orbite is reviewing the matter and will update... 

Ex-Consolidated Thompson boss fined for insider trading

By: Matthew Hill Former Consolidated Thompson CEO Richard Quesnel has been fined C$132 974 for insider trading in 2006, a Quebec regulator said on Thursday. The Autorité des marchés financiers (AMF) said it handed down the decision last week, and that Quesnel intends to file an appeal. 

Iamgold owns 71% of Euro Ressources, reopens offer

By: Liezel Hill Toronto-based Iamgold now controls 71,6% of Euro Ressources, after the results of Iamgold's public offer for the France-based company were published by the French Autorite des Marches Financiers (AMF). Iamgold will now reopen the public offer, at the same price of €1,20 a share, for ten days,... 

Rothschild appointed as financial adviser for Kolwezi

Canadian resources company America Mineral Fields (AMF)) has appointed Rothschild as the financial adviser on the Kolwezi cobalt-copper tailings deposit in the Democratic Republic of Congo (DRC). 

‘Kolwezi on track for production by 2007’

By: Keith Campbell THE Kolwezi Tailings cobalt/copper project at Kolwezi in Katanga, in the far south of the Democratic Republic of the Congo (DRC), is on track for financial close within 12 months and start of production by the first quarter of 2007. 

Candian group signs Kolwezi tailings contract

Canadian-based resources company America Mineral Fields (AMF) announced that it has signed a contract of association with the government of the Democratic Republic of Congo (DRC) and La G 

Gem miner sees 2003 as most productive year

US-based miner America Mineral Fields (AMF) reported that the past financial year has been the most productive for the company since its inception as a public corporation in 1995. 

DRC gives approval for Kolwezi tailings project

International mining company America Mineral Fields (AMF) yesterday announced that the Government of the Democratic Republic of Congo (DRC) has approved the Kolwezi tailings project. 

Kolwezi copper-cobalt tailings project advances

Canada's America Mineral Fields (AMF) has closed a key agreement with Gecamines and the government of the Democratic Republic of Congo (DRC) to develop a copper and cobalt tailings project in Kolwezi, the firm said on Monday. 

Kumba insists on rights to DRC copper project

By: Martin Zhuwakinyu Metals and mining group Kumba Resources has insisted that its right to refurbish the mothballed but potentially world-class Kamoto copper-cobalt mine, in the Democratic Republic of Congo’s (DRC’s) Katanga province, has not fallen away, despite reports that a Canadian group has been... 

DRC's Kolwezi project gets restructured

Resources company Anglo American has withdrawn from its interests in a cobalt-copper project in the Democratic Republic of Congo (DRC). 


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