Canadian mergers and acquisitions survived 2012 collapse
Canadian mergers and acquisitions defied gravity in 2012, surviving a 10% decline in the total number of deals completed during the year.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Iron ore miners ending 2012 on a positive note
Vale, Rio Tinto and BHP Billiton reach an almost one-year high.
Labour unrest forces Harmony Gold to close South African mine
Harmony Gold Mining (NYSE:HMY) announced Thursday it has closed its Kusasalethu mine in South Africa a day earlier than planned for the festive holiday season due to violent demonstrations following the suspension of 578 workers.
Lynas wins operations appeal in Malaysia
A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.
BHP to sell its Guinea iron ore mine to B&A Mineração
BHP Billiton (ASX, NYSE:BHP) has reportedly chosen mining venture B&A Mineração as the preferred bidder for its Mount Nimba iron ore mine, one of the largest deposits of the mineral in Guinea.
Japan to subsidize underwater rare earth venture
Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies joining a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo.
Russian Alrosa renews rough supply contract with Rosy Blue
The company recently closed another deal worth nearly $60 million with U.S jewellery giant Tiffany.
Vale will pay $232 million in taxes to Switzerland
Brazilian miner Vale SA (NYSE:VALE) said Wednesday its fourth-quarter results would suffer after the company decided to settle a case of alleged tax evasion with Swiss authorities.
Canadian miner won’t replace Chinese workers until 2026
HD Mining, the Vancouver-based company that in early October sparked controversy and legal actions with its plan to bring up to 2,000 Chinese miners for its proposed $300 million coal mine, won’t replace all of its foreign workers by Canadians at least until 2026.
Gold prices dive
Gold prices dived Tuesday to 1,684/oz at 12:15 ET as fiscal cliff talks continued ahead of the holiday week.
Codelco confirms death of one trapped El Teniente miner
Codelco said the identity of the victim, the second one so far, must still be confirmed by authorities.