Teck acquires oil sands partner SilverBirch for C$435M
Teck Resources Ltd. (TSX:TCK.A) announced today that it will acquire its oilsands partner SilverBirch Energy Corp. (TSXV:SBE) for over C$435 million.
Cecilia Jamasmie , Senior Editor
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China’s Minmetals offer to buy Anvil Mining shares extended to mid February
China’s Minmetals Resources Ltd has, once again, extended its $1.3 billion takeover offer for Africa-focused copper miner Anvil Mining Ltd (TSX:AVM) to Feb. 16. This is the third time that Minmetals offer has been extended since the deal got the go ahead by the Australian Foreign Investment Review Board, last October.
Philippines shutting down hundreds of mines due to major landslide
The Philippine government on Friday ordered the shutdown of 500 small mines threatened by landslides in a southern town where a chunk of a mountain tumbled down on sleeping residents and killed at least 27 people.
Newmont trying hard to divert protestors’ attention in Peru by stressing Conga copper-gold mine community benefits
As protests against the $4.8 billion Conga project in Peru resumed this week, Newmont Mining Corporation (NYSE: NEM) has put together a strategic document outlining its community investment projects related to the gold-copper project.
Potash producer Mosaic reports better than expected results
Fertilizer producer Mosaic Co. (NYSE:MOS) stocks were up US$2.50 this morning, after the company reported higher-than-expected quarterly profit as better prices helped offset a plunge in phosphate sales and flat potash volumes.
Canada’s asbestos industry on its way out
LAB Chrysotile Inc., one of the two remaining Quebec’s asbestos miners, has filed for bankruptcy because of high fixed costs and sharply declining revenues.
Union drops strike at First Quantum mine in Zambia
Workers at First Quantum Minerals' Zambian copper/gold mine resumed work this morning after the country’s minister of labour intervened to end the two-day wage strike.
Canada’s Inmet Mining can go ahead with its Cobre Panama copper project
Canada's Inmet Mining (TSX:IMN) reached a milestone after the government of Panama approved the environmental and social impact assessment (ESIA) for its Cobre Panama copper project.
Deaths on Christmas Eve caused Arc Exploration Limited to have license exploration in Indonesia suspended
Arc Exploration Limited (ASX:ARX), an Australian gold mining exploration company with presence in Indonesia, has had its gold permit for the Bima gold prospect temporarily suspended due to the controversial dead of two protesters on Christmas Eve, in the area covered by Arc’s exploration license.
Illegal mining keeps taking lives in Colombia
Three men were killed Monday while working in an illegal mine in the northwestern Colombian province of Antioquia, according to a statement from the government's Ingeominas mining oversight institute.
China funnelled $57 billion to control critical mineral supply chain
A network of at least 26 state-backed banks has helped Beijing tighten its grip on critical minerals over the past two decades.
