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...

Allied Nevada closes C$400m senior notes offering

TSX-listed Allied Nevada on Friday said it had successfully closed a senior unsecured notes offering totalling about C$400-million, carrying a coupon of 8.75% and due by 2019. At the same time the company entered into a cross-currency interest...

Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Commerce Resources’ Ashram PEA points to ‘robust economics’

The results of a preliminary economic assessment (PEA) of rare earth junior Commerce Resources’ Ashram deposit, in northern Quebec, pointed to “robust economics” achievable from a project with significant upside. The PEA established that a...

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...

China infrastructure push to boost zinc imports, support prices

China is likely to boost imports of zinc in the fourth quarter of the year after Beijing said it would speed up infrastructure investment, market players said, helping support prices for the base metal. Zinc is set to reap the benefits of a push...

Fortescue opens new berth in Port Hedland

Iron-ore miner Fortescue Metals on Friday officially opened its new iron-ore berth in Port Hedland. The berth was the first of two to be constructed at the Herb Elliott port, which would achieve a 120-million ton a year capacity by 2013.

Australia allows Hancock to bring in migrant workers

The Australian Immigration Minister Chris Bowen on Friday announced developer Hancock Prospecting would be allowed to ship in more than 1 700 temporary overseas workers for its Pilbara iron-ore mine under the first Enterprise Migration Agreement...

Anglo gaining ground in Codelco battle

With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...

LNG underpins A$260.8bn Australian resources investment

Australia’s resources investment soared to A$260.8-billion at the end of April, driven by unprecedented investment in the liquefied natural gas (LNG) sector, the Bureau of Resources and Energy Economics (BREE) reported this week. Investment...

Company Announcement: Press Release ABB wins $44 million gearless mill drive order in Kazakhstan

Three gearless mill drive systems to provide reliable, cost-effective ore extraction and processing for new copper mine

TNG finalises Chinese investments

ASX-listed TNG has completed the final stage of it’s A$13.4-million transaction with two Chinese firms, boosting its cash reserves to over A$11-million. The resources company said on Friday that the overall transaction resulted in the...