Lundin Mining Corp launched a hostile takeover bid for fellow Canadian base metals miner Nevsun Resources Ltd on Thursday, saying it had failed to convince Nevsun's board to agree to a friendly deal over the past nine months.
An end to an eight-week long strike at the Mount Polley copper mine may be in sight, following a tentative agreement reached between the union and Imperial Metals (TSX:III).
Some 200 members of the United Steelworkers (USW) at Mount Polley mine near Williams Lake, B.C., are set to vote on a tentative agreement following an eight-week strike in response to a company lockout and attempts to extract concessions.
The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.