Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

CP strike threatens Canada's name as reliable potash supplier

The Canadian Pacific railway strike that started May 23 in Canada could damage the country’s reputation as a reliable potash supplier, a producer of the crop nutrient cautioned on Friday. While the work stoppage at CP, which carries virtually...

Allied Nevada closes C$400m senior notes offering

TSX-listed Allied Nevada on Friday said it had successfully closed a senior unsecured notes offering totalling about C$400-million, carrying a coupon of 8.75% and due by 2019. At the same time the company entered into a cross-currency interest...

Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Commerce Resources’ Ashram PEA points to ‘robust economics’

The results of a preliminary economic assessment (PEA) of rare earth junior Commerce Resources’ Ashram deposit, in northern Quebec, pointed to “robust economics” achievable from a project with significant upside. The PEA established that a...

Sinchao loses mineral resources at Peru copper-gold project

For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...

Competition Commission approves Blyvoor sale

The Competition Commission has unconditionally approved the sale of DRDGold’s 74% shareholding in Blyvooruitzicht Gold Mining Company (Blyvoor) to Village Main Reef. JSE-listed mining companies DRDGold and Village, which sent out a joint...

Norilsk reaffirms potential hostile AMR bid

Russia’s Norilsk Nickel on Thursday reaffirmed its potential hostile bid to take over TSX-V-listed Asian Mineral Resources (AMR) through an all-cash transaction. Norilsk, the world’s biggest nickel and palladium producer, said it had...

Lake Shore Gold suspends mining as fire risk closes in

Rampaging forest fires in Ontario continued to disrupt mining activities in the province, with TSX-listed Lake Shore Gold on Friday saying it had suspended mining activity at its Timmins West mine, in Ontario, as a result of high winds and smoke....

Anglo gaining ground in Codelco battle

With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...

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