CIC confident of finding new buyer after JSW deal breaks up

CIC Energy is optimistic that it will receive offers from companies interested in its power-generation and coal-export projects in Botswana, after the firm terminated a takeover agreement with India's JSW Energy, chairperson Warren Newfield said...

Lundin shares take a hit, keen to get down to business

Shares in Lundin Mining fell sharply on Thursday morning after the company said it had concluded a strategic review and would not pursue any of the proposals received from potential buyers of the group or its assets. The firm received a...

Bid for Western could flush out suitors for Walter Energy – analyst

The news that US coal producer Walter Energy is in exclusive discussions to acquire Canada's Western Coal could draw out potential buyers of Walter itself, Dahlman Rose & Co analyst Daniel Scott commented on Friday. Walter plans to offer a...

Waterberg project on schedule for first output in 2012 – Firestone

JSE- and ASX-listed Firestone Energy was in advanced negotiations with potential buyers of coal from its joint-venture (JV) Waterberg coal project, in South Africa’s Limpopo province. The company was planning to sell the coal to power producers...

De Beers has short list of possible buyers for Jagersfontein

Diamond-miner De Beers is targeting the end of October to complete the selection of a preferred bidder and the signing of a sales agreement for its Jagersfontein mine, in Free State province, spokesperson Tom Tweedy said on Friday. He added,...

De Beers puts historic Jagersfontein property up for sale

Senior diamond producer De Beers will seek expressions of interest from potential buyers for its Jagersfontein property in South Africa, the company announced on Thursday. The Jagersfontein mine, located in the Free State province, operated from...

Chariot Resources says signed CAs with potential buyers

TSX-listed Chariot Resources has signed confidentiality agreements with potential buyers, which have been provided access to data and offered the opportunity to visit the company's flagship Mina Justa copper project, in Peru. However, the firm...

Prospective partners woo Teck for stake in coal unit

Vancouver-based Teck Resources may still sell a 20% stake in its coal unit, but only to a partner that brings some strategic benefit of its own to the table, and for “a very full and fair price”, CEO Don Lindsay said on Friday. And after...

Teck in talks to sell coal stake, eyes Chinese steel consolidation

Vancouver-based diversified miner Teck Resources is in “active discussions” with potential buyers, including from Asia, for a 20% stake in its coal mining assets, a senior executive said on Thursday. “The sale of this interest would be...

HudBay chief says no talks to sell company

Canadian base-metals producer HudBay Minerals is not talking to any potential buyers for the firm, newly reinstated CEO Peter Jones said on Wednesday. “I can state quite clearly, there are currently no negotiations under way concerning the sale...

Tahera buyer walks away

Failed Canadian diamond-miner Tahera Diamond Corp is back to reassessing its “strategic alternatives” after a plan to sell the company collapsed. Tahera, which has mothballed its loss-making Jericho mine, in Nunavut, applied for, and was...

Homeland Energy in talks with potential coal buyers

TSX-listed Homeland Energy, which started production at its Kendal coal mine, in South Africa, last month, is holding coal sales contract discussions with a number of potential buyers, the firm said on Friday. For now, coal from Kendal, which...