Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75 each, on the lower end of the marketed range.
Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) reduced Tuesday its 2012 production target for the Diavik mine to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.
Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, a $112-million takeover bid for the company by Inmet Mining Corp. (TSX:IMN), which operates a gold mine adjacent to Petaquilla’s Molejon project in Panama.
France's International Energy Agency has painted a fresh picture of the international crude oil industry which foresees major changes to regional focus and distribution.
Canadian Prime Minister Stephen Harper gave investors more reasons to speculate about the final outcome of the deal, as he said that China's “very different" political and economic systems are a concern for his government.
Canadian gold miner Osisko (TSX:OSK)(EWX.F) achieved record third-quarter gold production at 103,753 oz. from its Malartic mine, in Quebec – a quarter-on-quarter increase of 12.77%.
The full time workers follow $1.4 billion in Chinese funding for two coal projects in the northeast of the province because Canadians "just don't have the experience" to operate underground equipment safely.
Canadian Centerra Gold (TSX:CG) said Tuesday an independent assessment of a Kyrgyz Republic Parliamentary report backs the company’s view that the report’s allegations against its Kumtor gold mine are unfounded.