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Zijin takes control of Tibet copper miner for $548m
China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet. Best known as a gold miner, Fujian-based Zijin will pay cash for the 50.1% stake in...
Vale reaffirms iron ore output forecast after court decision
Brazilian miner Vale has reaffirmed its iron ore output guidance after a court reinstated an order to suspend activities at the company’s Itabira mining complex in Minas Gerais state, according to a securities filing late on Saturday. Vale said it is keeping its...
Cobre Panamá asks Ministry of Health for permission to resume activities
Minera Panamá, a subsidiary of Canada’s First Quantum Minerals, asked the Panamanian Ministry of Health to allow the company to restart operations as soon as possible. This, after the Ministry placed the Cobre Panamá operation on the last block of its gradual process...
Bidding war for Guyana Goldfields heats up
Takeover target Guyana Goldfields said it has received a proposal from a “foreign-based multinational miner” valuing the company at C$323 million ($240m), which is 35% higher than Silvercorp Metals’ offer. The Canadian firm was first approached by Silvercorp in...