Old Red Back team joins Atacama, shares leap 54%

A year after completing the $7.1-billion sale of their company to Kinross Gold, a group of former Red Back Mining executives have again teamed up, this time to lead TSX V-listed Atacama Minerals, which owns an iodine mine in Chile. Monday’s...

Lundin Mining rejects Equinox offer

Canada’s Lundin Mining has recommended that shareholders reject an unsolicited takeover offer from ASX- and TSX-listed Equinox Mining, saying the offer was too conditional, and “financially inadequate”. The company also said Equinox's asset...

Cheers all round for new Canadian copper heavyweight

Analysts and investors on Thursday welcomed the announcement that Canadian base-metals miners Inmet Mining and Lundin Mining will merge, creating a new Canadian copper producer worth at least C$9-billion. Both companies have mines in Europe, and...

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...

Denison chair resigns, Lundin steps in

Canadian uranium miner Denison Mines has re-appointed Lukas Lundin as chairperson of its board, after James Gill resigned down from the position as as a director. Gill was appointed chairperson in May 2009, at the same time that the company named...

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,...

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....

Lundin Mining says 'no intention' to bid for Chariot

Base-metals producer Lundin Mining has “no intention” to make a bid for junior Chariot Resources or its flagship copper project, in Peru, the firm said on Tuesday. Lundin owns about 18% of Chariot and the smaller firm has accused Lundin of...

Chariot fights back

Canadian junior Chariot Resources came out swinging on Friday morning, in its response to a dissidents' proxy circular filed a day earlier by high-profile mining entrepreneur Lukas Lundin, seeking to oust the current board and replace it with a...

Chariot shares jump on Lundin-led dissident challenge

Shares in Toronto-based junior Chariot Resources rose 12,5% on Thursday, after a group of shareholders announced a day earlier they would launch a campaign to have the firm's board replaced. “Concerned” shareholders Lukas Lundin and Brian...

Lucara, Motapa complete tie-up

Vancouver-based junior Lucara Diamond Corp has closed its acquisition of Motapa Diamonds, after the transaction received shareholder and court approval. The British Columbia Supreme Court sanctioned the acquisition on July 2, and Motapa's shares...