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Articles By Section: Finance

This page lists all articles in the Finance section on the Mining Journal database. You can sort the list by type, date, or reader rating. To browse another section, use the menu in the column on the right.
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Novagold raises US$250m in bought deal

NovaGold Resources Inc said this week that it would raise US$250.8 million through a bought-deal public offering
Magazine Article 03 Feb 2012 0 Stars

Guangdong Kalahari bid to close

Thursday was the closing date for acceptances on the £632 million (US$1 billion) offer for Kalahari Minerals plc, made by the China Guangdong Nuclear Power Corp (CGNPC)last December
Magazine Article 03 Feb 2012 0 Stars

Anglo-Codelco dispute: the latest

The ongoing dispute between Anglo American plc and Codelco took on a new dimension this week after the national Federation of Copper Workers (FCW), a Codelco board member, filed a criminal complaint against Anglo
Magazine Article 03 Feb 2012 0 Stars

Archipelago Resources sees material increase

Archipelago Resources plc has announced an increase in mineral resources and ore reserves at its operating Toka Tundung mine in North Sulawesi, Indonesia
Magazine Article 03 Feb 2012 0 Stars

First Quantum raises US$1bn for Kansanshi

First Quantum Minerals Ltd has arranged US$1 billion in funding for the company’s flagship Kansanshi mine, the largest copper project in Africa
Magazine Article 03 Feb 2012 0 Stars

Pan African, Wits Gold team up to buy Evander

Witwatersrand Consolidated Gold Resources Ltd and Pan African Resources plc will set up a 50:50 joint venture to buy the Evander gold mine (pictured) in South Africa for as much as R1.7 billion (US$220 million) in cash and assumed debt
Magazine Article 03 Feb 2012 0 Stars

Industry consolidation signalled by Xstrata-Glencore

The international mining industry is facing a new round of corporate amalgamation following confirmation that Glencore International plc and Xstrata plc are in talks regarding a possible US$80 billion ‘merger of equals’
Headline Article 03 Feb 2012 0 Stars

Harmony's injury

An employee has been fatally injured at Harmony Gold Mining Co’s Bambanani mine in South Africa’s Free State
Magazine Article 03 Feb 2012 0 Stars

Funding for Tonkolili

African Minerals Ltd has said it will issue convertible bonds worth US$350 million (due 2017) to fund its Tonkolili mine (pictured) in Sierra Leone.
Magazine Article 03 Feb 2012 0 Stars

Ivanhoe to keep board

Ivanhoe Mines Ltd has said it expects to keep hold of its 14-member board of directors after the acquisition by Rio Tinto is complete
Magazine Article 03 Feb 2012 0 Stars

Cape Lambert financing

Magazine Article 03 Feb 2012 0 Stars

Accident forces Vale to halt Sudbury operations

Vale SA suspended production at five nickel projects in the Sudbury area of Ontario after an employee was killed at the company’s Coleman copper-nickel mine
Magazine Article 03 Feb 2012 0 Stars

White Tiger loan

White Tiger Gold Ltd has reached agreement for a US$150 million loan facility to aid the development of its Savkino and Nasedkino gold projects in Siberia
Magazine Article 03 Feb 2012 0 Stars

Molycorp stake bought

Molibdenos y Metales SA (Molymet), a Chile-based company that processes molybdenum and other rare earth metals, will buy a 13% stake in US-based rare earths producer Molycorp Inc for US$390 million in an all share deal
Magazine Article 03 Feb 2012 0 Stars

Citigold funds Charters Towers

Citigold Corp Ltd has announced the raising of A$50 million (US$52.6 million) to develop its extensive Charters Towers goldfield, holding combined JORC-compliant resources of 10Moz (23Mt of ore at 14g/t).
Magazine Article 27 Jan 2012 0 Stars

Lynas raises funds for Malaysia rare earths refinery

The rare earth metals producer Lynas Corp has raised US$225 million in capital for a planned rare earth metals refinery in Malaysia, after the company was forced to delay the plant’s start-up due to raised production costs.
Magazine Article 27 Jan 2012 0 Stars

Hernandez: Anglo risks losing control of AAS

The chief executive of Codelco, Diego Hernandez, has claimed that Anglo-American was at risk of losing control of its Chilean copper subsidiary Anglo America Sur (AAS).
Magazine Article 27 Jan 2012 0 Stars

KGHM shareholders reject buyback plan

Shareholders in Poland’s major copper and silver producer, KGHM Polska Miedz SA, have turned down a proposal by the company to buy back Zt3 billion (US$893 million) of its own stock.
Magazine Article 27 Jan 2012 0 Stars

Go-ahead for BHPB's US$40bn Port Hedland expansion

BHP Billiton has been granted approval by Australia’s Environmental Protection Agency (EPA) for its US$40 billion Port Hedland expansion project.
Headline Article 27 Jan 2012 0 Stars

Rio Tinto majority in Ivanhoe

Rio Tinto has moved to majority control of Ivanhoe.
Magazine Article 27 Jan 2012 0 Stars

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