Lundin shares jump on Chinese bid report

Shares in Lundin Mining were up 10% on Friday morning, after a Canadian newspaper reported that a Chinese-led consortium was preparing a takeover bid for the base-metals producer. A group led by Jinchuan Group and including sovereign wealth fund...

Mining companies pressed to boost production amid record prices, rising demand

The Canadian mining sector in the first quarter of 2011 looks and feels starkly different compared with the industry that rang in the New Year just two years earlier

Chinese mining giant on the prowl 
for copper investment opportunities

China’s largest diversified mining company, the State-owned Aluminium Corporation of China (Chinalco), is looking worldwide for investment opportunities in copper, a metal which now has greater demand growth potential in China than aluminium....

SouthGobi gets $500m financing from China's CIC

Coal-miner SouthGobi Energy will accelerate the development of its Mongolian coal projects, thanks to a $500-million investment by Chinese sovereign wealth fund China Investment Corporation (CIC). A subsidiary of CIC will provide $500-million in...

Daily podcast – March 4, 2009

In today's podcast: De Beers is running its Snap Lake diamond mine, in Canada, at about 30% to 40% of design; and Vale Inco will eliminate about 900 full-time jobs at its global operations.

Fortescue in talks with investors, appoints advisers

Australian iron-ore producer Fortescue held discussions with possible investors, and has appointed advisers to evaluate approaches, the company confirmed on Wednesday. In a response to an ASX price query, Fortescue confirmed that it had held...