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Latest Stories

China secures Kalahari, paves way for Extract bid

China Guangdong Nuclear Power Corp (CGNPC) declared its offer for Kalahari Minerals unconditional on Friday, paving the way for it to launch a takeover bid for Extract Resources, owner of one of the world's largest uranium mines.

Caterpillar shuts locked out Electro-Motive plant in Canada

American-based heavy equipment maker Caterpillar (NYSE:CAT) through its subsidiary Electro-Motive Canada (EMC), said today that it is closing EMC's locomotive production operations at its London, Ontario plant, after several months of unsuccessful contract negotiations with the Canadian Auto Workers union.