Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

North America

Tenders for work in the North America

$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

South Africa and its mining heritage

South Africa’s mineral revolution, which was prompted by the development of Kimberley’s diamond mining industry and more profoundly shaped by the discovery and exploitation of gold on the Witwatersrand during the latter quarter of the...

Novelis posts loss; sees demand rising

Novelis, the US unit of India's largest aluminum producer Hindalco Industries, posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum rolled products in Asia, driven...

Coeur doesn't expect big output knock from Mexican stoppage

Coeur d’Alene Mines, the Idaho-based precious metals producer, on Wednesday said it did not believe an illegal strike at its Mexican Palmarejo mine would have a material impact on production. The company shut the mine and mill, which produced...

APLNG secures $8.5bn in finance

ASX-listed Origin Energy and its joint venture (JV) partners ConocoPhillips and Sinopec have secured an $8.5-billion project financing facility for the Australia Pacific liquefied natural gas (APLNG) project. The project finance facility was...

Company Announcement: Rio Tinto confirms support for Ivanhoe Mines comprehensive financing package and agrees to amend certain terms of memorandum of agreement

io Tinto and Ivanhoe Mines Ltd. (Ivanhoe) have agreed to amend certain terms of the memorandum of agreement announced on 18 April 2012, under which Rio Tinto has agreed to support and provide certain elements of a comprehensive funding package for...

Quaterra sees 41m lb/y copper mine at MacArthur

Vancouver-based Quaterra Resources on Wednesday announced the results of a scoping study at its MacArthur copper property in Nevada, outlining a potential 41-million-pound yearly operation coming at a capital cost of $232.7-million. The project...

Company Announcement: Leapfrog signs new Software License Agreement with Barric

ARANZ Geo Limited, developer of 3D geological modelling software Leapfrog Mining, announced today that they have signed a new Software License Agreement with the world’s largest gold producer Barrick.

Gold slumps on scepticism of EU meeting

Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...

Aurora has ‘no grounds’ to withdraw offer – Eureka

Takeover target Eureka Energy has lashed out at claims that its beau Aurora Oil & Gas planned to withdraw its offer, saying that the company had no grounds to do so. In response to news reports that the company was “exploring the withdrawal of...