Brazil billionaire's CCX to list on S.Paulo bourse

Brazilian billionaire Eike Batista's conglomerate, EBX, will list its Colombian coal mining offshoot, known as CCX, on the Sao Paulo stock exchange on May 25, the head of the newly founded company said on Tuesday. The listing would be the fifth...

Origin, Xstrata power project unit gets Chile OK

A Chilean environmental commission approved one of three generation units planned as part of global miner Xstrata Copper and Australian energy retailer Origin Energy's $3.6-billion hydropower Energia Austral project to ease a looming energy...

Brazil historic site could trip up big Anglo mine

Anglo American's plans to open its largest ever iron-ore mine have stumbled over new rulings that will delay preparations to build the mine until it is deemed safe for an archaeological site within its perimeter. The company is prohibited from...

Ventana, AUX ink agreement on takeover

TSX-listed Ventana Gold entered into a support agreement on Tuesday with suitor AUX Canada, a subsidiary of Brazilian billionaire Eike Batista's EBX Group. Ventana, which owns a gold project in Colombia, said a day earlier its board had agreed to...

Ventana agrees to back sweetened offer from AUX

TSX-listed Ventana Gold has agreed to support an increased offer from suitor AUX Canada Acquisitions, the firm said on Monday morning. Shares in the company rose 4,8% on the news, to C$12,87 apiece by 10:42 in Toronto. Ventana said it reached...

Ventana says still in talks on alternative to Batista offer

Vancouver-based gold junior Ventana is in “continuing discussions” with third parties in an effort to dig up a more attractive alternative transaction to the C$12,63 a share offer announced in November by a group controlled by Brazilian...

Ventana rejects hostile offer, hints at alternatives

Canadian gold junior Ventana Gold recommended that shareholders reject an unsolicited takeover offer from AUX Canada Acquisition, a firm controlled by Brazil's EBX Group, which the company says undervalues its assets and prospects. EBX, which is...

Ventana hires advisers after unsolicited offer

TSX-listed Ventana Gold has engaged Goldman, Sachs & Co. and TD Securities as financial advisors, to help with responding to an unsolicited offer announced last week by Brazil's EBX Group. EBX, which is controlled by Brazilian billionaire Eike...

Rainy River plans graduation to the TSX

TSX Venture Exchange-listed Rainy River Resources plans to be the latest gold junior to move up to the main board in the first quarter of next year, CEO Raymond Threlkeld said on Thursday. The company would then join the likes of Romarco...

Batista's EBX announces offer for Ventana Gold

Brazil's EBX Group will offer to buy the shares that it does not already own in Canadian junior Ventana Gold in a deal that values the smaller company at about C$1,5-billion, EBX said on Wednesday. Shares in TSX-listed Ventana jumped 36% on the...

Anglo's Brazilian millstone increasingly burdensome

Diversified major Anglo American has had two high-profile project acquisitions under Cynthia Carroll’s watch, both of which have gone from delight to disappointment.

Anglo goes from delight to disappointment as project acquisitions sour

Diversified major Anglo American has had two high profile acquisitions under Cynthia Carroll’s watch, which have both have gone from delight to disappointment.