Norilsk reaffirms potential hostile AMR bid

Russia’s Norilsk Nickel on Thursday reaffirmed its potential hostile bid to take over TSX-V-listed Asian Mineral Resources (AMR) through an all-cash transaction. Norilsk, the world’s biggest nickel and palladium producer, said it had...

Global furnace group boasts numerous projects

Local furnace supplier Tenova Pyromet is undertaking the design and supply of components for two ferrochrome furnaces for use at the Xstrata-Merafe Lion ferrochrome complex, in Limpopo.

Ncondezi restructures top management

London-listed Ncondezi Coal has started restructuring its senior management team with the appointment of a new CEO from June 1. Current COO Nigel Walls would replace CEO Graham Mascall, who stepped down to become a nonexecutive director in the...

Puget cosies up to Chinese at Russian cobalt project

TSX-V-listed Puget Ventures on Tuesday said it had entered into a strategic partnership with Beijing AXHA Investment (Anhua) to fund a bankable feasibility study for the Karakul cobalt project in Altai, Russia. Under the agreement Anhua, a...

West Africa emerging as the new Pilbara – West African Minerals

West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners are...

Barloworld sees growth in Russia and Southern Africa

Industrial group Barloworld on Monday posted a 70% half-year headline earnings jump and said it expected a strong second half, driven by significant mining equipment deliveries in southern Africa and Russia. CEO Clive Thomson said commodity...

WMC plans First Uranium bid if shareholders vote down asset sales

South Africa-based Waterpan Mining Company (WMC), along with unnamed investors, aims to bid for a controlling stake in First Uranium if shareholders vote down two proposed deals to sell its main assets at June 13 meetings, director Chopper van der...

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.

Yellowcake to top $80/lb by ’14 – Forsys boss

Namibia-focused uranium junior Forsys Metals on Thursday said it was rapidly advancing studies to consolidate its Valencia and Namibplaas landholdings to potentially develop the world’s next significant uranium mine. The Toronto-, Frankfurt-...

Gold upturn likely once Greek turmoil crystalises – WGC

An upturn in the gold price is likely once current Greek turmoil crystalises, says World Gold Council (WGC) investment MD Marcus Grubb. Current global macroeconomic concern is seen as a contributing factor to gold’s gradual fall since the end...

Cameco buys uranium trader Nukem for $136m

Cameco, the biggest listed uranium producer, agreed to pay private equity firm Advent International €105-million, or $136-million, for nuclear fuel trader Nukem to deepen its involvement in marketing and secure alternative supplies, the company...

The long, lethal shadow of asbestos

As anyone in the US with a television or Internet connection probably knows, lawyers want you if you've been exposed to asbestos, and they're paying to get you. At one point earlier this year, 15 of the 100 most expensive keyword search phrases...