CST produces first copper at Lady Annie

Hong Kong-based CST Mining has produced the first copper cathodes at its Lady Annie operation, in Australia, the firm said on Sunday. The company bought the mine and processing facility from ASX-listed Cape Lambert for A$135-million in May this...

China Sci-Tech to buy Chariot Resources for C$244,5m

China Sci-Tech Holdings has agreed to buy TSX-listed Chariot Resources for C$0,67 a share, or a total of C$244,5-million, the Canadian firm announced on Monday. The news represents the latest in a list of both public and private-owned Asian...

Chariot enters exclusive talks on takeover

TSX-listed Chariot Resources is in exclusive negotiations with an unnamed third party, with regard to a potential acquisition of the firm, it announced on Monday. The statement was made at the request of Market Surveillance, on behalf of the TSX.

Chariot sales process 'in full swing'

Chariot Resources' plan to sell itself is “in full swing”, CEO Ulli Rath said on a conference call on Wednesday. The company has signed confidentiality agreements with a number of interested parties and expects to have come to the end of the...

Chariot Resources says signed CAs with potential buyers

TSX-listed Chariot Resources has signed confidentiality agreements with potential buyers, which have been provided access to data and offered the opportunity to visit the company's flagship Mina Justa copper project, in Peru. However, the firm...

Chariot Resources will raise C$10,7m for Peru project

Toronto-based Chariot Resources has agreed to sell 35,7-million shares for a total of C$10,7-million to Solway Finance, and will use the proceeds to fund its share of expenditure at the Mina Justa copper project, in Peru, over the next year or...

Chariot Resources to meet Peru officials on enviro, social study for Mina Justa

Toronto-based Chariot Resources has “essentially completed” an environmental and social impact assessment (ESIA) for its Mina Justa copper project, in Peru, the firm reported on Tuesday. CEO Ulli Rath and a delegation from Marcobre SAC,...

ON THE MOVE

Petaquilla Minerals CEO Richard Fifer has resigned with immediate effect to lead a new company, Azuero Mining, in which it will own a 50% stake. Fifer will continue as a director of Petaquilla, which owns the Molejon gold mine, in Panama.

Investors blocking deals they don't want, ousting boards they don't like

You can blame it on the recession, tanking share prices or even the Internet. But there is no ignoring the rising frequency with which shareholders in mining and exploration companies are stepping up and raising their voices (usually, but not...

Investors blocking deals they don’t want, ousting boards they don’t like

You can blame it on the recession, tanking share prices or even the Internet. But there is no ignoring the rising frequency with which shareholders in mining and exploration companies are stepping up and raising their voices (usually, but not...

Chariot board reelected, may seek buyer 'sooner than later'

Shareholders in copper junior Chariot Resources on Friday morning reelected the company's incumbent board of directors, rejecting a rival slate of nominees proposed by shareholders Lukas Lundin and Brian Edgar. Shares in the firm slid 15% on...

Glass Lewis backs Chariot directors in proxy fight

Independent advisory firm Glass, Lewis & Co has advised shareholders in Chariot Resources to vote for the re-election of the current board of directors, and reject the slate nominated by dissident shareholders Lukas Lundin and Brian Edgar....