MINING.COM

Chinese companies hurling headlong into Sunshine Oilsands IPO

Reuters reports that sovereign wealth fund China Investment Corp (CIC) and state oil company Sinopec are among three cornerstone investors that will pledge $350 million towards Sunshine Oilsands Ltd's Hong Kong IPO.

Andrew Topf | February 7, 2012 | 11:24 pm

Centerra Gold Kumtor Mine work stoppage

TORONTO, CANADA--(Marketwire - Feb. 6, 2012) - Centerra Gold Inc. (TSX:CG) announced that the unionized employees of its Kumtor operation in the Kyrgyz Republic have begun an illegal strike.

Marketwire | February 7, 2012 | 2:49 am

Sunshine Oilsands postpones $700m Hong Kong IPO, now wants ‘resource savvy’ Canadian investors

Sunshine Oilsands, a Calgary-based oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong which would have been the biggest in Asia this year.

MINING.com Editor | February 4, 2012 | 11:55 pm

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.

Reuters | February 4, 2012 | 12:55 am

Glenstrata: Not just mining’s biggest ever deal, a new kind of resource giant

Glencore International is in talks with Xstrata to merge in a deal that would create a $80 billion rival to BHP Billiton, Vale, Rio Tinto and China's Shenhua. Here's a wrap-up of what people are saying about the birth of the globe's first vertically integrated resource giant.

MINING.COM Staff Writer | February 2, 2012 | 8:31 pm