Russian billionaire Prokhorov files for copper-nickel Toronto IPO

Move over Mark Zuckerberg. Russia’s Mikhail Prokhorov, who Forbes ranks as the 58th richest person globally, has filed a prospectus to list his Intergeo MMC in Toronto, announcing it the day before Facebook goes public.

Miner ENRC mulls carving off international assets

ENRC, one of the largest London-listed mining groups, is considering options to boost its value that include a possible split of its international arm, comprising its mines in the Democratic Republic of Congo, from its core Kazakh assets....

Glencore and Xstrata, catalyst for more mining M&A

Megadeals like Glencore's planned acquisition of Xstrata could encourage other mining companies to embark on decisive M&A of their own, senior bankers said at the Reuters Mining and Metals Summit on Tuesday. "The market is reasonably conducive to...

China's Chalco suffers bigger than forecast Q4 loss

Aluminum Corp of China Ltd (Chalco) reported a bigger-than-expected fourth-quarter net loss of 729.6-million yuan ($115.3-million) on Friday, showing the impact of lower metal prices and higher costs, and warned of losses in the first quarter of...

Company Announcement: West African Iron Ore Moving Towards Initial Resource Calculation

Recent drilling campaign finds high grade iron ore and additional highly prospective targets.

Wall St commodity talent wars: Return of the merchants

When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage...

Carmakers’ $7bn platinum bill shrinking glut

Carmakers will use a record $7-billion worth of platinum in catalytic converters next year, diminishing a glut just as mine production declines for the first time since 2008.

$7bn of platinum for cars, Zim banking wanted, miners keen on M&As

The platinum glut is set to diminish just as mine production declines for the first time since 2008; Foreign mining companies operating in Zimbabwe may be required to bank their money with local financial institutions; Ernst & Young reports an...

Molycorp insiders sell more shares, company to raise $200m

Rare earths producer Molycorp said on Tuesday that certain stockholders would sell up to 11.5-million of their shares in the company, doubling the amount of shares they were exiting, and that it would separately raise $200-million in convertible...

Molycorp shareholders to exit sizeable stake, shares slide

Shares in rare earths producer Molycorp slid 2% on Wednesday, after the company said management and some of its biggest shareholders were selling some of their stock equal to about 12% of the company’s outstanding stock for up to $662-million....

China may match India as top gold user on investment demand

Chinese consumption of gold may climb to rival that of India, the top user, as investors buy the metal as a store of value, GFMS and INTL FCStone have said.

Forsys settles out of court with George Forrest

Canadian uranium junior Forsys Metals said on Thursday it has reached a settlement agreement with George Forrest International (GFI), after the companies claimed money from each other stemming from a failed 2008 takeover.“The terms of the...