Should the supermajors join the new platform it would mark the latest shift in the global iron ore business which has been completely transformed in less than a decade.
Mount Kellett calculates that Greenslade, his daughter Denby Greenslade and two directors "would realize $49,193,285 of value through their Baja stock, regardless of whether Catalyst proves successful or not."
A blog entry on Alberta Oil Magazine's website this week asks whether Alberta and Canada should not be paying more attention to political events in Venezuela.
White Tiger Gold shed another 6% on Monday on almost double usual trading volumes, despite releasing high grade drilling results for its Nasedkino project that it says are enough to go ahead with a final feasibility study. The counter is now down 30% year to date and a shadow of its former self in January last year. At the time it was trading at a whopping $4.80.
Baja Mining, locked in a bitter dispute with Mount Kellett Capital Management over control of its board, on Monday accused the asset manager of being "reckless," having a "hidden agenda" and "misleading" shareholders.
Baja Mining is fighting attempts by Mount Kellett, a $6 billion asset manager, to stack the miner's board with its own nominees. Baja is accusing Mount Kellett of a takeover by stealth while MK says Baja is a web of conflicts.
Toronto-based firm's Definitive Feasibility Study for its 100% owned Aurora Gold Project in Guyana, the nation's only large-scale licensed gold mine development project, makes investors see red.
Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.
Canadian miner Mandalay Resources (TSX: MND, MND.WT) announced today that scheduled shipment of concentrate for February from the Cerro Bayo silver-gold mine in Chile has been delayed due to increasing public protests in the south of that country.