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'...

Crowflight loss widens, won't restart Bucko Lake before year-end

TSX-listed Crowflight does not expect to restart operations at its flagship Bucko Lake mine in Manitoba before the end of 2010, the company indicated on Tuesday. Crowflight said in early October that it would temporarily Bucko Lake to address...

Crowflight still talking to Jinchuan on offer

Nickel-miner Crowflight Minerals is still in negotiations with representatives from China's Jinchuan Group on a potential takeover of the company, Crowflight said on Friday. The offer technically expired on August 31, but talks continue and...

Crowflight Q2 loss widens, Jinchuan offer still on

Canadian nickel-miner Crowflight recorded a net loss of C$5,1-million for the second quarter of 2010, compared with a C$3,3-million loss a year earlier. The company said that it has received confirmation from Chinese suitor Jinchuan that its cash...

Crowflight announces private placement to Pala

Canada's Crowflight Minerals, which owns the Bucko Lake nickel mine, in Manitoba, has arranged to sell 60-million shares and 30-million warrants to Pala Investment Holdings, in a C$15-million private placement, the firm reported on Wednesday. The...

Wrangling continues as Rockwell vote nears

Vancouver-based diamond miner Rockwell Diamonds and dissident shareholder (and one-time suitor) Pala Investment Holdings continued their war of words on Monday, banging out press releases within hours of each other. Rockwell's executive directors...

Rockwell says hostile suitor Pala Investments breached SA securities rules

The South African Securities Regulation Panel (SRP) has ruled against mining investment firm Pala Investment Holdings' offer to acquire the remaining shares of gem-miner Rockwell Diamonds. The investment firm, which already owns a 19,9% stake in...

Rockwell slams Pala bid as ‘opportunistic and unfair’

Diamond producer Rockwell recommended that its shareholders reject the hostile bid by global investment company Pala Investment Holdings on Monday, arguing that it the bid significantly undervalued the company and its upside potential. Pala had...

Rockwell finds 189,6-ct diamond at SA mine

Vancouver-based Rockwell Diamonds has recovered an “exceptional” 189,6-ct gemstone diamond from its Klipdam mine, in South Africa's Northern Cape province, the company announced on Thursday. The gem, which is being analysed and valued, is...

Coalcorp shareholder withdraws takeover proposal

Shares in TSX-listed Coalcorp Mining fell more than 13% on Tuesday morning, after a takeover proposal for the company was withdrawn.