Tags » Mining Features

Canadian miners brace for 'knife fight' after year of dumping assets at fire-sale prices

The mining business has a long history of companies grossly overpaying for assets. But no one will accuse George Dethlefsen of that crime.

Mr. Dethlefsen’s firm, Corsa Coal Corp., was approached this year about buying coal assets in Pennsylvania from Russian steel giant OAO Severstal, which was bailing out of the United States. 1,208 more words

Mining

Breaking up is easy to do: Potential 'Inco' IPO highlights mining sector's new reality

Speaking to an audience of mining industry professionals in Toronto, Tom Albanese made his message loud and clear.

“The consolidation we are seeing heralds a new era that we have not seen before and probably won’t see again,” Mr. 1,039 more words

Mining

Breaking up is easy to do: Potential 'Inco' IPO highlights mining sector's new reality

Speaking to an audience of mining industry professionals in Toronto, Tom Albanese made his message loud and clear.

“The consolidation we are seeing heralds a new era that we have not seen before and probably won’t see again,” Mr. 1,039 more words

Mining

There are many good reasons for takeover interest in Nevsun — and one really big downside

Canadian miner Nevsun Resouces Ltd. has emerged as a potential takeover target, but any bidder is going to have to overcome a major deterrent: Eritrea. 592 more words

Mining

Why Canada's junior mining sector is going to pot — literally

Nick Brusatore wanted to create a leading Canadian medical marijuana company. So he turned to a logical source: a hopeless junior mining company.

He bought a controlling interest in Affinor Resources Inc. 1,909 more words

Investing

Peter Munk's career comes to end as Newmont firestorm envelops Barrick

It wouldn’t be in Peter Munk’s nature to go out quietly. But no one expected this.

As Mr. Munk, 86, officially retires at Barrick Gold Corp.’s annual meeting on Wednesday, he does so in the midst of an appalling public feud between Barrick and Newmont Mining Corp., which went from eager merger partners to mortal enemies in a matter of days. 1,700 more words

Mining