Takeovers and mergers in the global mining sector has slowed radically this year as a result of lower commodity prices, but Canadian companies continue leading worldwide mergers and acquisitions.
Overall activity in the supply pipeline declined only slightly in July and August, said Thursday Halifax-based Metals Economics Group’s (MEG), as downward pressure due to ongoing financing difficulties was again mitigated by strong numbers of initial resource announcements and drilling activity.
North American potash selling consortium, Canpotex, will be shipping larger amounts of the fertilizer to Indonesia after the five-year potash supply deal signed Tuesday between the offshore selling agency and Southeast Asian buyers.
Despite the controversy generated by China National Offshore Oil Corp's proposed $15.1 billion takeover of Canadian oil producer Nexen, Thursday’s shareholders vote is seen by industry experts as a mere formality.
A controversial project to mine Brazil's vast indigenous territories in the Amazon, to be presented at the South American country’s Congress in October, has revived a long-dragged confrontation among authorities, environmentalists and local communities.
Nautilus Minerals shot up 9.5% on Wednesday as investors digested the maiden mineral resource estimate for the company's polymetallic nodule project in 4-6km deep water in the central Pacific Ocean.
Mining giant Rio Tinto has decided to target the Indian marriage gifting market with its “Nazrana” brand of gem-based jewellery in an effort to boost its depressed division.
