The US$89 million shares-and-cash acquisition of Estonia's AS Silmet by Colorado's Molycorp means both rare earth companies "will be able to take advantage of the very robust price situation in the market right now," Molycorp CEO Mark Smith said during a conference call with analysts Monday.

Copper will resume a rally to record highs near $11,000 per tonne in the second half of this year, driven by an ongoing production deficit and robust investment demand, an industry report said on Tuesday.

Miners, especially of base metals, will drive Canadian merger and acquisition activity for the rest of 2011, although oil and gas and financial services will also be significant, bankers said on Tuesday.

Hong Kong-based Regent Pacific Group Ltd said it would consider reinstating debt funding for its original bid for Australian iron ore producer BC Iron Ltd. This move follows a decision by Australia's Takeovers Panel declaring a case of "unacceptable circumstances" for Regent's "purported termination" of its takeover scheme with BC Iron.

Ausdrill Limited (ASX:ASL) (Ausdrill) today announces a capital raising to raise gross proceeds of up to $149.5 million (Capital Raising), consisting of: a placement to institutional and sophisticated investors of 37.0 million fully paid ordinary shares

Labrador Iron Mines Holdings Limited (TSX:LIM) announced that in connection with its previously announced public offering on April 4, 2011, it has entered into an agreement with a syndicate of underwriters to sell 8 million common shares of the company at C$12.50 per common share and 666,700 flow-through shares at C$15.00 per share for aggregate gross proceeds of C$110,000,500.

Natural resources have become a battleground in Peru’s election campaign where the left wing nationalist frontrunner wants more state control over country’s […]

The Brazilian group, which produced 311m tonnes last year has previously said it is planning to raise its annual output to 522m […]

The government of Alberta, on the global defensive for its management of the oilsands, says it will revoke a number of oil sands leases, leading some in the oil patch to bring up comparisons with Venezuela. The Globe and Mail reports: The Alberta government has proposed new environmental rules that would revoke a number of oil sands leases – including those which already have active projects – in an effort to protect sensitive habitat, wildlife and forest land in the most industrialized area of the province.