Thompson Creek unveils debt, equity funding, shares dip

Shares in Thompson Creek Metals, the Denver, Colorado-based molybdenum producer, slid nearly 10% in early Toronto trade on Monday, after the company said it would sell $200-million in secured debt, as well as eight-million tangible equity units...

Quarter horribilis for Thompson Creek as earnings dwindle to $1.1m

If it has been a rough ride in recent months for Thompson Creek, the Denver-based molybdenum producer, 2012’s first quarter was a bus-sized pothole. A halving of sales to 4.9-million pounds, lower prices and soaring cash costs all conspired to...

Taseko says Gibraltar expansion on track, budgets $134m for 2012

Taseko Mines, the Vancouver-based copper and molybdenum producer, plans to spend $134-million this year to lift output of the red metal from its 75%-owned Gibraltar mine in British Columbia to 140-million pounds yearly. The company has also...

Thompson Creek steps back from Mount Emmons project

Thompson Creek, the Colorado-based molybdenum producer, has opted out of its right to acquire 75% ownership of US Energy Corp’s Mount Emmons project in Gunnison County, the company said on Monday. TSX-listed Thompson Creek said its time and...

Chinese bank approves $500m loan for Spinifex Ridge

ASX- and TSX-listed molybdenum producer Moly Mines said on Monday its largest shareholder, Hanlong Mining Investment, had secured a $500-million project finance facility from the China Development Bank to develop the Spinifex Ridge project, in...

Mercator rises after Pala, Geologic say they'll withhold votes for board

Shares in TSX-listed Mercator Minerals rose 7,6% on Wednesday, after shareholders representing 24,3% of the copper and molybdenum producer said they will withhold votes for the current board of directors at the company's next shareholders'...

Cash-flush Thompson Creek in pursuit of acquisitions

Denver-based molybdenum producer Thompson Creek Metals is determined to put its sizeable cash balance to work in acquiring a near-production asset “as soon as possible”, although it may have to wait a bit for asset prices to fall in line with...

Mercator Minerals to buy Stingray Copper in 'win-win' deal

The thinking behind the friendly tie-up between copper and molybdenum producer Mercator Minerals and developer Stingray Copper does not require much in the way of explanation. The companies' assets are in the same corner of the world – Arizona...

Metallica increases stake in Queensland Ores

ASX-listed Metallica Minerals has increased its stake in molybdenum producer Queensland Ores to about 76%, after exercising its rights offer, and purchasing a further 143,3-million shares for A$1,3-million. Metallica has previously secured a...

Metallica lifts stake in Queensland Ores, improves funding proposal

ASX-listed Metallica Minerals had improved its funding proposal for takeover target Queensland Ores, and raised its stake in the tungsten and molybdenum producer. The company said on Friday that it planned to waive the minimum acceptance...

Metallica Minerals raises stake in takeover target Queensland Ores

ASX-listed Metallica Minerals has increased its stake in takeover target Queensland Ores, after the tungsten and molybdenum producer's largest shareholder, Talbot Group Holdings, accepted Metallica's offer. Metallica now holds a 10,36% interest...

Freeport expects DRC contract resolution in 'relatively near future'

US copper, gold and molybdenum producer Freeport-McMoRan continues to hold talks with the government of the Democratic Republic of Congo regarding the mining contract for its large Tenke Fungurume mine in the country, and expects that an agreement...