Minemakers board rejects UCL offer

The directors of ASX- and TSX-listed Minemakers have unsurprisingly advised shareholders to reject a counter-takeover offer from joint venture (JV) partner UCL Resources. At the end of last week, UCL launched a takeover offer from Minemakers,...

Aurora boosts stake in Eagle Ford shale area

ASX- and TSX-listed oil and gas explorer Aurora would spend $95-million to gain an additional 6% interest in the Sugarloaf area of mutual interest (AMI), in the Eagle Ford shale trend in the US. Aurora already had a 15.8% shareholding in the...

Paladin to raise $225m in bond issue

Uranium miner Paladin Energy on Monday launched an offering to raise $225-million of senior, unsecured convertible bonds, due in 2017. The miner has an option to increase the offering to $275-million.

Great Western CEO’s exit all part of the plan – analyst

Great Western Metals, which plans to sell $80-million in convertible bonds to build a rare earths facility in South Africa, said on Friday Jim Engdahl will step down as CEO. “My stated objective was to position the company for rapid growth with...

China testing waters with reported Jaguar bid, fund manager says

While Jaguar Mining has been mute regarding its CEO’s departure and reported Chinese takeover approaches, a Toronto-based fund manager said on Monday its predator was likely using the company as a trial for future bigger deals. Speaking in an...

Jaguar falls on TSX after CEO's sudden departure

Brazilian gold miner Jaguar, which last month became the subject of takeover rumours, fell nearly 10% on Wednesday, after announcing the sudden departure of CEO Daniel Titcomb. TSX-quoted Jaguar said last month it decided to “explore...

Northland inks lease agreement with Swedish port

Northland Resources, developing an iron-ore mine in Sweden, said on Thursday it signed a lease agreement with the Scandanavian nation’s Narvik Port, and that it is on track to produce the steelmaking ingredient at the Kaunisvaara by the end of...

New Talon CEO eyes 20-30Mt/y output at Brazil iron project

Talon Metals, which announced a 48% increase in resources at its flagship Brazilian iron project to 688-million tons on Wednesday, is hoping the Trairão project could produce up to 30-million tons a year. “Longer term we see this as a...

First Uranium restarts yellowcake output at Ezulwini

Uranium junior First Uranium has restarted production of the nuclear fuel at its Ezulwini mine and has commissioned a new mine dump facility, the company said on Tuesday. The company has struggled over the past year with shaft maintenance at...

Company Announcement: Appoints Silver Wheaton Director of Geology to Board

Attached please find a press release on: Running Fox Resources, TSX-V “RUN”, US OTC “RFXRF” is pleased to report that Neil Burns, P.Geo., M.Sc., Director of Geology for Silver Wheaton Corp. TSX “SLW”, NYSE “SLW”, has joined the...

First Uranium completes C$52m financing

First Uranium Corp, the Toronto- and Johannesburg-listed junior with assets in South Africa, said on Tuesday it had successfully raised C$52-million in a share offering, after the agents leading the bought deal financing fully took up their...

Time ticking on offers for Baffinland

There’s no doubt the Baffinland Iron Mines board has cosied up to ArcelorMittal’s raised bid – it put in place another shareholder rights plan and lifted the break fee – and analysts seem to be sweet on it too. Analysts at Raymond James...