Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside Glencore.
Not very often you hear about a company moving from exploration into production, but Canadian Tirex Resources (CVE:TXX) is doing just that. The Vancouver-based firm announced Monday it has received official notification from Albania's Ministry of Economy, Trade and Energy (METE) relating to its applications to transition six areas from exploration licenses to 25 year mining permits.
Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, the latest takeover bid by Inmet Mining Corp. (TSX:IMN) presented Friday, which was 25% cent higher than the $112-million Inmet originally offered.
Deer hunters in the American mid-west have shown little enthusiasm for new non-toxic copper bullets which would reduce the impact of lead ammunition fragments on local fauna.
Scientists from France's Ecole Polytechnique have developed a remarkable new technology which extracts trace amounts of gold from industrial waste water.
Where there is smoke… After several reports of Anglo American’s (LON:AAL) shareholders disappointment at both the company’s overall performance and her CEO, Cynthia Carroll, she has finally left the company.
Canadian gold miner Petaquilla Minerals Ltd. (TSX:PTQ) confirmed late Thursday it is studying an upgraded and final takeover offer by Inmet Mining Corp. (TSX:IMN), which is now offering about 25% more than $112-million it previously proposed.
A prominent Indonesian businessman has warned foreign miners of the perils of investing in his own country over the next two years due to new laws which curb overseas ownership.