Canadian mergers picking up: New Gold buys Bayfield
Transaction is worth around $15 million.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Gold down again, some miners selling at loss
Friday’s rally was just a brief break for the precious metal.
Yanzhou Coal injects $2.8bn into troubled Australian unit
In an attempt to keep Yancoal afloat as coal prices trade near multi-year lows.
Rio Tinto’s $5.4bn Oyu Tolgoi expansion in limbo once again
Mine operator and Rio's subsidiary Turquoise Hill said Monday they have made an offer to the government of Mongolia to resolve matters in a manner deemed "beneficial to all stakeholders.”
Swiss UBS faces fine over alleged precious metals trading wrongdoing
The bank, which is the world’s largest private lender, is also expected to announce an agreement regarding alleged collusion and manipulation in the foreign exchange market.
BHP closer to unveiling details of upcoming spin-off
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
Zimbabwe mulls ending tax on diamonds
As part of a set of planned measures to stimulate production and attract investment in the sector.
Mining suppliers create more jobs than mining, report says
The sector created 40,960 direct and 27,471 indirect jobs in 2011, paying $4.6 billion in salaries.
Apple’s new 18k gold watch may wipe out your bank account
Not quite, but it would cost you between $4,000 and $5,000.
Goldcorp working on new plan for El Morro project in Chile
The move comes as Chile's Supreme Court halted the $3.9 billion gold and copper project last month.
Lundin Mining to sell Eagle mine to Talon for $84M
Share-based deal gives Talon processing assets in the US and a new CEO, while Lundin sharpens its focus on larger copper operations.
