Corporate Mergers & Acquisitions Mining News

Production at Syncrude’s Mildred Lake oil sands to fully resume in June

Pipeline shipments would restart at approximately 50% of capacity in early May.

Production at Syncrude’s Mildred Lake oil sands to fully resume in April

Suncor Energy, the largest partner in Syncrude, said it expects to meet its 2017 production targets despite a fire that shut down the Mildred Lake upgrader almost two weeks ago.

Value of mining M&A plunges to lowest level since 2004

While the number of deals made last year increased by a third, it's the low value of the M&A that stands out in EY's latest report.

Canada’s Saskatchewan and Manitoba are the world's new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

Canada’s Kirkland Lake halts gold mine in Australia, leaves up to 150 jobless

Company said the decision to place its the Stawell gold mine into care and maintenance was based on dwindling production at the operation.

Gold Fields withdraws $1.4bn offer for Kirkland Lake

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.

Canada’s Kirkland Lake soars after Gold Fields confirms $1.4bn rejected offer

Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).

Kirkland to buy Newmarket Gold in Cdn$1 billion deal

The combined company, to be known as Kirkland Lake Gold, will have a market capitalization of about Cdn$2.4 billion and produce more than 500,000 ounces of the yellow metal a year.

Australia recovers lost ground, named world’s top mining investment destination

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

Suncor cuts spending by 10% after posting $2bn loss on writedowns

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.

Suncor changes strategy to acquire Canadian Oil Sands with $6.6bn friendly deal

After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.

Canadian Oil Sands claims victory over Suncor’s hostile takeover attempt

The company is asking Suncor to disclose details of how shareholders reacted to its bid before last week’s deadline had to be extended until Jan. 27.

Suncor not ruling out sweetening offer for Canadian Oil Sands

The takeover bid expires on Friday.

Suncor presses Canadian Oil Sands shareholders for a takeover offer nod

“Hope is still not a strategy,” Suncor wrote in a letter to Canadian Oil Sands’ shareholders, stressing there was “little time” left.

Canadian Oil Sands to stay in the black even if crude prices keep falling

The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.

Canadian Oil Sands granted one more month to fend off Suncor's hostile bid

The poison pill provision must expire by Monday, Jan. 4, 2016.

Suncor cuts oil sands output for 2016

Canada's dominant oil sands player, however, plans to spend about $900 million more next year.

K+S Potash to hire 150 workers for its Canada’s Legacy project

The Legacy mine, located approximately 50km north of the city of Moose Jaw, will be the first new potash operation built in the last 40 years in Saskatchewan.

Canadian Oil Sands accuses Suncor of paying brokers to win takeover bid

Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.

Regulator to weigh on Suncor attempts to take over Canadian Oil Sands

Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.

Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid

The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."

Coal M&A predicted to rise as prices slump and growth projects prove difficult

Consolidation is set to sweep Australia's struggling coal sector over the next six to 12 months, as diversified majors lose patience with depressed coal prices and companies choose M&A instead of navigating a political and environmental minefield to develop new projects.

K+S secures major potash supply deal from its Canadian Legacy mine

The agreement with Kansas-based Koch Fertilizer comes as the European firm attempts to fend off a takeover bid from Potash Corp.

K+S rejects again takeover offer from Potash Corp.

The latest offer was unchanged in its value, but included a more formal “business combination agreement,” K+S said

K+S rejects fresh approach from Potash Corp.

With the deal, Potash Corp. could regain some of its historic dominance over the fertilizer market, since the two companies combined account for 30% of the global potash production.