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Western Canadian Coal Find More Fund to Acquire U.K.’s Cambrian Mining Plc
Coal miner Western Canadian Coal Corp. is mulling a merger with a major shareholder to help it cope with the ongoing economic uncertainty.
Coeur d’Alene Mines Corporation Merger with Bolnisi Gold and Palmarejo Silver and Gold
Coeur (Nachrichten) d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced that its shareholders have overwhelmingly approved the proposals related to the acquisitions of Bolnisi Gold, NL and Palmarejo Silver and Gold Corporation (TSX VENTURE:PJO) at a Special Meeting held this afternoon in Coeur d’Alene, Idaho.
“We are extremely pleased with the outcome of today’s [...]
Mining merger would boost competition in Brazil
Resource-rich Brazil is in the crosshairs of world mining giants as they race to uncover new deposits to feed red-hot demand for metals from fast-growing economies such as China.
Analysts say the possible mining sector takeover of Rio Tinto by BHP Billiton would boost competition for CVRD on its home turf in Brazil, where some of [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
Teck to increase copper output 72 percent by 2010 if Aur Resources take-over goes ahead
Toronto-based copper mine Aur Resources (TSX: AUR) had not even contemplated putting the company up for sale when Vancouver-based Teck Cominco (TSX, NYSE: TCK) made a cash-and-share offer of Cdn$41/sh (US$38.69/sh).
In fact, Aur’s shareholders didn’t even want an all-cash bid although Teck has plenty of money in the till. They preferred a tax-free rollover.
The chance [...]
