Selwyn Resources Ltd. (TSX VENTURE:SWN) (“Selwyn”) is pleased to announce a NI 43-101 compliant mineral resource estimate for the Scotia mine (formerly […]
Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) has received notice, dated April 5, 2011, that the NYSE Amex LLC intends to proceed with an […]
South African gold miner DRDGold (DRDJ.J: Quote) said on Wednesday that it expected gold production for March quarter to be about three percent lower than the previous quarter at around 67,400 ounces.
It also said in a guidance for investors that cash operating costs were expected to be about six percent higher as a result of the lower production.
The key gold futures on the Tokyo Commodity Exchange scaled a 28-year high on Wednesday, driven by a rally to record peaks in the global gold market the day before and a weaker yen.
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
