MINING.COM Staff Writer

Timmins Gold (TSX-V:TMM) has sweetened a takeover deal for Capital Gold (TSX:CGC) just days before Capital’s shareholders vote on a merger with another company, according to a report in BIV Business Today: On Tuesday, the Vancouver-based gold producer upped its offer for Capital Gold by US$0.25 per share. The increased offer provides Capital shareholders with a total consideration of US$5.89 per share, valuing the New York-based gold producer at approximately $361 million.

The six-week strike at Teck's Elkview coal mine is coming to an end, Canadian Press reported Tuesday morning. The Vancouver company and Local 9346 of the United Steelworkers of America have reached a tentative five-year collective agreement covering about 700 workers at the mine, located in southeastern British Columbia. The union ratification vote is to be completed by Saturday. If the new labour deal is ratified, Teck expects full production at the mine to resume by next Tuesday.