Ivanhoe drops poison pill, approves $1.8bn bridging finance

Ivanhoe Mines, the owner of the giant Oyu Tolgoi copper-gold project in Mongolia, on Wednesday said its board decided to scrap a shareholder rights plan, clearing the way for 49% shareholder Rio Tinto to gain control of the company. In December,...

PTM and Wesizwe studying potential platinum synergies

While rumours of consolidations in South Africa’s platinum sector continue to churn, juniors Platinum Group Metals (PTM) and Wesizwe Platinum have started a joint study to determine the benefits of their neighbouring properties being “one mine...

Hochschild, Minera Andes settle lawsuit

LSE-listed Hochschild Mining and Canadian partner Minera Andes have agreed to settle a legal dispute, the firms announced on Monday. The two companies have a joint venture on the San Jose precious-metals mine in Argentina, and have a bumpy...

Hochschild, Minera Andes bump heads again

LSE-listed Hochschild Mining has filed a lawsuit in New York against Canadian partner Minera Andes, the miner announced on Wednesday. Hochschild and Minera Andes have a joint venture on the San Jose mine, in Argentina, and have had a rocky...

Intrepid to start construction next year on Argentina mine

TSX- and ASX-listed Intrepid Mines is working on the design and procurement of key equipment for its Casposo gold/silver project, in Argentina, and expects construction to get under way in the second quarter of 2009, CFO Steve Smith said this...

Intrepid completes debt repayment ahead of schedule

TSX- and ASX-listed Intrepid Mines has repayed its project finance loan to Australian bank Westpac six months ahead of schedule, the firm said on Thursday. Intrepid, which merged earlier this year with former DRDGold subsidiary Emperor Mines,...