Apac Minerals to merge with Golden China Inc. in stock swap
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VANCOUVER (CP) - Apac Minerals Inc. has agreed to merge with privately held Golden China Inc., creating a firm with &#36;20 million in cash and securities to work in the Chinese mining industry.
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The crucial Gold Fields shareholder vote on whether to merge Gold Fields&#39; international mining assets and those of Canada&#39;s IAMGold is set to take place on Tuesday, with the result hanging in the balance.
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Iamgold, a Canadian mining company, said that it would buy Cambior, a rival, for about 1.33 billion Canadian dollars ($1.2 billion) in stock, to create a gold mining operation with more than one million ounces of annual production. The deal will push Iamgold to the top of the midtier gold producers and comes six months after the miner bought Gallery Gold of Australia. ÂWe believe it sets the stage for us to join the senior ranks as we move forward in this company,Â IamgoldÂs chief executive, Joe Conway, left, said.
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Canada&#39;s Goldcorp said Sunday it has reached an agreement in principal to buy Wheaton River Minerals in an all-stock deal valued at about $2 billion.
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Canada's biggest mining company, Noranda Inc., has ended exclusive talks with China Minmetals Corp., but the Chinese metals trader said Thursday it will persist with its acquisition bid.
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Vancouver-based Goldcorp Inc. will  acquire Glamis Gold Ltd. in a stock transaction worth $21.3  billion to create one of the world's largest gold mining  companies, the firms said on Thursday.
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HAMISH ROBERTSON: China&#39;s enormous appetite for raw materials to fuel its economic boom is continuing to have spin-offs for Australia, with a new mining deal announced between the two countries.
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Chinese aluminium giant Chinalco said Friday it and US peer Alcoa have bought a 12-percent stake in Anglo-Australian miner Rio Tinto, setting up a possible takeover tussle with rival BHP Billiton.
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Harmony Gold Mining, the largest miner of South African gold, made a hostile bid yesterday to acquire Gold Fields Ltd., another South African miner, for 52.
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HONG KONG (Dow Jones)--In a further step to consolidate its listed assets in Hong Kong, China and the US, China Petroleum and Chemical Corp.
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RENO-- Vancouver-based Goldcorp and Toronto gold-producer Wheaton River Minerals have scheduled a telephone conference Monday morning to announced that Goldcorp will buy Wheaton River for $2.09 billion in stock.
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TORONTO (CP) - Goldcorp Inc. has decided to let its shareholders vote on a proposed merger with Vancouver&#39;s Wheaton River Minerals while a hostile takeover bid for Goldcorp from a US gold miner looms.
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HARMONY has voted its 10,8% of Gold Fields shares against a planned reverse-listing of Gold Fields assets outside southern Africa into IAMGOLD of Canada, Harmony director Ferdi Dippenaar said yesterday.
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NEW YORK - Goldcorp Inc. said Sunday it has agreed to buy its Canadian gold-mining competitor Wheaton River Minerals Ltd. for about $2 billion in stock.
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Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the companies said Friday.
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Johannesburg - South Africa&#39;s Harmony Gold Mining on Monday announced that it to launch a takeover bid for Gold Fields, offering a 29-percent premium for its entire share capital to create the world&#39;s leading gold mining group.
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TORONTO - Iamgold Corp. shares dipped more than 13 per cent in early trading on Monday after Harmony Gold Mining Co. launched a takeover bid for Gold Fields Inc.