Panoramic bids for Magma Metals

Nickel miner Panoramic Resources on Friday launched an off-market takeover bid for ASX- and TSX-listed Magma Metals. Panoramic, which is listed on the ASX, said it was prepared to pay Magma shareholders two of its own shares for every 17 shares...

Tampakan enviro study could be catalyst for openpit ban review

Copper/gold developer Indophil Resources said its environmental impact study (EIS) for the Tampakan project could act as a catalyst for the review of the Environmental Code in the Philippine province of South Cotabato, which bans openpit mining....

China's Zijin bids for Indophil, Xstrata sells stake

Swiss-based miner Xstrata has agreed to sell its 19,9% stake in Indophil Resources to Zijin Mining, which made a $498-million bid for the Australian company. Xstrata has agreed to sell its shareholding in Indophil – its partner in the Tampakan...

Tawana director Phillips steps down

JSE- and ASX-listed diamond junior Tawana Resources on Monday stated that director Brian Phillips had tendered his resignation, with immediate effect. Phillips would step down to concentrate more fully on his chairpersonship of gold and copper...

Tawana appoints Neil Barrie as new chairperson

Australian-miner Tawana Resources has appointed Neil Barrie as executive chairperson, following Brian Phillips’ announcement on Friday that he would step down. The company said that Barrie, who has 20 years experience in mining evaluation and...