Shanghai PE firm makes $850 million bid for Discovery Metals
A Shanghai-based private equity firm is pursuing a USD$847 million takeover bid for Botswana-focused Discovery Metals (ASX:DML).
Latest Stories
Rio Tinto to install world’s largest underground automated mining system
Rio Tinto (NYSE:RIO) has plans in motion to install the world's largest underground automated mining system at its Argyle diamond mine in Western Australia.
BHP seeks multi-billion dollar stake in Petrobras’ offshore oil fields
BHP Billiton (NYSE:BHP) has entered discussions with Petrobras(NYSE:PBR) to acquire a multi-billion dollar stake in the Brazilian company's Gulf of Mexico oil fields as part of a bid by the Anglo-Australian giant to expand its energy portfolio.
Anglo American CEO appointed chairperson of De Beers
The CEO of diversified mining giant Anglo American (LSE:AAL) Cynthia Carroll has been appointed chairman of venerable diamond miner De Beers.
Australia and Mongolia to expand ties in mining sector
Australia and Mongolia are set to expand ties in the mining and resources sector following calls by politicians from both nations for cooperation to be strengthened.
$2200 is a realistic target for gold in 2013: Hug
Kitco's head of precious metals Peter Hug says gold prices are on track to hit the $2200 level next year.
Iron ore: Who let the bears out?
It's worth remembering that the price of 62% iron ore never strayed from $10 – 14 a tonne for more than 20 years.
Protest against Centerra Gold in Kyrgyzstan turns violent
Demonstrators clashed with police and tried breaking into a building housing the parliament and government offices in Kyrgyzstan's capital Wednesday, as they demanded the nationalization of the Kumtor gold mine, owned by Canadian Centerra Gold (TSX:CG).
South Africa’s wildcat strikes reach Harmony Gold
South Africa's third-largest gold producer after AngloGold and Gold Fields Ltd., Harmony Gold Ltd. (JSE:HAR), said Wednesday that workers at its Kusasalethu mine embarked on a strike.