World Business Briefing | Americas: Canada: Uranium Producer Acquired
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SXR Uranium One agreed to buy UrAsia Energy for $3.1 billion to form the worldâs second-largest uranium producer as rising demand for nuclear fuel drives prices to records. SXR, owner of South Africaâs largest undeveloped uranium deposit, bid 7.05 Canadian dollars ($6.01) a share for UrAsia, which is based in Vancouver, British Columbia, and owns mines in Central Asia. That was 13 percent more than UrAsiaâs Feb. 9 closing price in Toronto, the companies said. SXRâs stock rose 6.8 percent to a record. The combined company, once all its mines are operating, will trail only Cameco in production and be the only producer in Kazakhstan, South Africa, Australia, the United States and Canada, the five largest holders of uranium deposits.
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CALGARY - EnCana Corp. is selling its North Sea operations for $2.1 billion US in cash to another Canadian company, Nexen Inc. The UK subsidiary of EnCana has a stake in three oilfields, plus interests in
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Brazil has reached a deal with the U.N. atomic agency to allow inspections of its uranium enrichment plant that protect its nuclear technology, Brazil's ministry of science and technology said on Wednesday.
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Royal Bank of Canada  subsidiary RBC Centura Inc said on Thursday it has agreed to acquire Alabama National BanCorporation  in a $1.6 billion deal that will add to the Canadian bank's presence in the U.S. Southeast.
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A Royal Bank of Canada subsidiary, RBC Centura, said it had agreed to acquire the Alabama National BanCorporation in a $1.6 billion deal.
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The first ever commercially viable uranium reserves are found in the West African nation of Guinea.
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Anglo-Australian miner Rio Tinto offered 38.1 billion dollars for Canada&#39;s Alcan Thursday, trumping US rival Alcoa with a proposed merger that would create the world largest aluminium company.
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Canada's Goldcorp Inc. G.TO said on   Thursday it will acquire U.S.-based Glamis Gold Ltd. for about   US$8.6 billion in stock, a deal that will push it firmly into   the ranks of senior producers.
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United States Steel will buy the Canadian steel producer Stelco for $1.1 billion, a purchase making it the worldâs fifth-largest steel maker.
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Canadian miner Uranium One said it had approved Australia's fourth uranium mine, the Honeymoon project in the South Australian outback.
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WORLEY Group became a true global player in mining services yesterday with the acquisition of an American partner. The $US245 million ($A350 million) purchase of US-based Parsons E&amp;C will turn Worley into a near billion-dollar business.
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  has agreed to buy Canada's Alcan Inc.  for $38.1 billion to create the world's largest aluminum producer, trumping a hostile bid by Alcoa Inc.
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HONG KONG, Dec. 17 â China will buy four Westinghouse nuclear reactors in a deal that shows the continued attractiveness of American technology, but may also stir worries in Washington that the United States is selling its competitive advantage an industry at a time.
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By Axel Bugge BRASILIA, Brazil  - Brazil said on Wednesday ithas won approval from the U.N. nuclear watchdog to startenriching uranium at its Resende plant after months ofdisagreement over international inspections of theinstallation.
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Goldcorp Inc., Canada&#39;s fourth-largest gold producer, has agreed to buy Wheaton River Minerals Ltd. for $1.8 billion in stock, giving Goldcorp its first assets outside of North America, Chief Executive Robert R. McEwen said.
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Cia. Vale do Rio Doce Chief Executive Roger Agnelli said he&#39;s still interested in acquiring Canadian mining company Noranda Inc.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canada's Alcan Inc. for $38.1 billion to create the world's biggest aluminum producer, the two firms said on Thursday.