Glencore ‘ready to pull’ Xstrata merger
While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.
While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.
Altius Minerals reported a net loss attributable to common shareholders of $4.6 million for the year. Altius previous year's earnings included the sale of an iron ore project to Alderon Iron Ore Corp.
Graphite is the "it" metal of the moment, but as an investment space it remains largely misunderstood.
Qatar's about-turn means that more than 25% of shareholders eligible to vote at the 12 July meeting are now against the deal’s current terms.
The placement is being completed at $0.95 cents a share by Sprott Private Wealth; Sprott has committed to placing 5.26 million shares, the remaining 4.74 million shares are to be issued by Meridian Capital.
Copper and gold focused Ivanhoe Australia announced Tuesday that it will cut 50 jobs from its Queensland operations to save around $10 million.
A third round of quantitative easing won't help support platinum and palladium prices, according to Erica Rannestad, platinum group metals specialist with CPM Group in New York. So, what will drive the platinum group metals, which have been suffering from lags in demand and increasing interest from short sellers?
The company is intending to sell 5 million units at $2.25 a share, proceeds of the placement intended to advance its flagship property in Canada's Yukon Territory.
BHP Billiton has defended its power contracts and usage, following accusations that the miner continues to produce aluminium at its smelters with subsidised electricity while power shedding on the national grid requires others in the country to switch off.
After announcing an economic report today, shares in Prophecy Platinum traded hands at six times their usual volume.