Goodlace a calm hand for Implats tiller

Impala Platinum's chief executive-in-waiting Terence Goodlace has plenty of experience operating in tough places, such as Democratic Republic of Congo. He will need it because running the world's second-largest platinum producer, which he takes...

China’s anti-monopoly bureau OKs Jinchuan-Metorex deal

South Africa-based Metorex said on Monday that its acquisition by Chinese-based Jinchuan Group has been granted approval under the anti-monopoly law of the People’s Republic of China. Jinchuan made a R9.1-billion offer to take over the base...

Albidon suspends operations at Munali indefinitely

Base metals miner Albidon’s difficulties deepened on Friday, as it suspended operations at its Munali nickel mine, in Zambia. The company said in a statement that it was experiencing "serious cash flow difficulties" as the Munali operation...

SA, Zambia approve Metorex takeover

South African and Zambian competition authorities have approved Chinese-based Jinchuan Group’s takeover of copper miner Metorex, the companies announced in a joint statement on Tuesday. The Chinese group made a R9.1-billion offer for Metorex in...

Albidon to hire new CEO, raise equity and tackle Munali issues in restructuring

ASX-listed base metals firm Albidon, which owns the Munali nickel mine in Zambia, on Tuesday announced its intention to restructure the company, following a strategic review of its capital structure and operations. The board approved the...

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...

PGMs partner completes transaction with Chinese consortium

Mining group Platinum Group Metals reports that its partner Wesizwe Platinum has closed a proposed $877-million financing package with a Chinese consortium that includes non ferrous metallurgical and chemical engineering enterprise Jinchuan Group...

Metals X to sell 20% stake in WA project in $50m deal

China’s largest nickel producer, Jinchuan Group, has agreed to buy a 20% interest in the Wingellina nickel/cobalt project, in Western Australia, from Metal X, in a transaction worth $50-million. Metals X said on Wednesday it would seek...

Jinchuan, Continental ink formal acquisition agreement

China's Jinchuan Group has signed a formal agreement to buy TSX Venture Exchange-listed Continental Minerals for about C$431-million in cash. Vancouver-based Continental's main asset is a copper/gold project in China's Tibetan plateau, and...

Crowflight plans another stoppage at Bucko Lake, Jinchuan offer expired

Canadian nickel miner Crowflight has not received an extension to an offer letter from China's Jinchuan Group, and so considers the takeover offer received from Jinchuan to have expired, the company said on Friday. Crowflight also announced that...

Crowflight still battles issues at Bucko Lake

Nickel-miner Crowflight Minerals will miss its productiont target for this month at the Bucko Lake mine, in Manitoba, the company said on Friday. The mill was unavailable six days early in September for relining of the nickel concentrator rod...

Continental in talks for potential sale of company

Vancouver-based Continental Minerals, which has a copper/gold project in China, is in negotiations on a potential takeover deal, the company said on Wednesday. “Management is in advanced discussions with a third party regarding the potential...