Trafigura to buy rest of Iberian for about C$250-million

Iberian Minerals, which produces copper and zinc, surged 37% in Toronto on Thursday after it agreed to a takeover offer from 48% shareholder Trafigura Beheer that offered a 39% premium to its closing share price the previous day. The deal values...

Riversdale inks coal offtake deal for Benga

In a move to gain exposure to the strong seaborne thermal coal market, Australia’s Riversdale Mining has entered into an offtake agreement with commodities trader Trafigura for thermal coal produced from the Benga coal mine, in Mozambique, the...

Andean American targets H2 2011 start-up at Peru mine

Vancouver-based Andean American Mining hopes to draw down on a project debt facility in the third quarter for the construction of its Invicta gold/silver/copper/lead/zinc mine in Peru, with the first production targeted for the second half of...

Anvil's Kinsevere mine to reach commercial production in H1 2011

The construction of ASX- and TSX-listed Anvil Mining's Kinsevere Stage II copper project, in the Democratic Republic of Congo (DRC), will be restarted by the fourth quarter, and is likely to start commercial production by the first half of 2011,...

Anvil shares leap on Kinsevere financing, restart

Base-metals miner Anvil Mining now hopes to see the first production from its Kinsevere Stage II copper project, in the Democratic Republic of Congo, by the end of 2010, after securing $200-million in funding from commodities trader Trafigura....