Anvil warns Minmetals deal could be in jeopardy

ASX- and TSX-listed Anvil Mining warned on Monday that the $1.3-billion takeover offer from China’s Minmetals could be under threat, as the Kinsevere project lease was proving difficult. Democratic Republic of Congo (DRC) State-owned joint...

Minmetals bids $1.3bn for DRC copper miner Anvil

China’s Minmetals Resources has offered to buy ASX- and TSX-listed Anvil, which mines copper in the Democratic Republic of Congo (DRC), for $1.3-billion in cash. Anvil, which previously played down media speculation that it was the target of a...

Anvil responds to $1bn takeover speculation

ASX- and TSX-listed Anvil Mining on Thursday played down media speculation that it was the target of a $1-billion takeover from a Chinese firm, saying that it was unaware of “any undisclosed material developments” in respect to its business...

Anvil to start copper output at Congo mine in 2011

Anvil Mining said on Tuesday it plans to start producing 40 000 t of copper at its Kinsevere mine in the Democratic Republic of Congo (DRC) next year before increasing output to 60 000 t of copper in 2012. Anvil vice president for corporate...

Anvil shares leap on Kinsevere financing, restart

Base-metals miner Anvil Mining now hopes to see the first production from its Kinsevere Stage II copper project, in the Democratic Republic of Congo, by the end of 2010, after securing $200-million in funding from commodities trader Trafigura....

Board, staff take 20% pay cut as Anvil slides to loss

The directors, senior management and staff of Anvil Mining have agreed to a 20% reduction in fees and salaries, as the firm moves to cut costs and conserve cash amid sharply lower copper prices. On Tuesday, Montreal-based Anvil reported a net...

Base-metals demand could pick up in H2 – Fitch

Although growth in the global base-metals sector was expected to slow over the next 12 months, ratings agency Fitch Ratings stated that improvement in credit availability and implementation of fiscal stimulus programmes could result in stronger...

Anvil confident of approval for C$237m private placement

Australia-listed Anvil Mining said on Thursday that it was confident of completing its C$237-million placement next month for the planned expansion of its Kinsevere project and the future growth of the company in the Democratic Republic of Congo...

Anvil lowers private placement pricing on weak market

TSX- and ASX-listed Anvil Mining now plans to sell about 23,73-million shares at C$10,00 each, down from a previously-announced C$12,50 a share, the company said on Monday. The firm, which mines copper in the Democratic Republic of Congo, has...

Cash-flush Anvil may consider acquisitions

Copper-miner Anvil Mining will certainly consider acquisition opportunities, in the Democratic Republic of Congo as well as the rest of Africa, but for now is mainly focused on completing its Kinsevere Stage II project, investor relations VP...

DRC project costs rise almost 50% - Anvil

TSX- and ASX-listed Anvil Mining now expects its Kinsevere Stage II project, in the Democratic Republic of Congo (DRC) to cost $380-million, $123-million higher than construction cost projections in a feasibility study on the project. Cost...

Anvil reports record copper, silver output

TSX- and ASX-listed Anvil Mining, on Wednesday reported record production of 16 877 t of copper and 0,7-million ounces of silver, after a full year of production in 2007 at its mines in Dikulushi, Kinsivere and Kulu in the Democratic Republic of...