News

Copper Mountain gains approval for $71m acquisition of Altona

By analyst By Cecilia Jamasmie Canada’s Copper Mountain Mining (TSX: CMMC) has obtained shareholder approval for its planned acquisition of Australian junior Altona Mining (ASX:AOH) in a deal worth A$93 million, or about $71m at today’s rates. Under the agreement, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a

Copper Mountain gains approval for $71m acquisition of Altona Read More »

Vedanta shuts protests-ridden copper smelter in India for 15 days

By analyst By Cecilia Jamasmie Vedanta, the London-listed natural resources company controlled by one of India’s richest men, said Tuesday it was shutting its copper smelting operations in the south of the country, for a 15-day planned maintenance. The halt, originally scheduled for April, comes amid local media reports of massive protests around the smelter

Vedanta shuts protests-ridden copper smelter in India for 15 days Read More »

Labour groups file OECD complaint against BHP and Vale over dam-burst disaster

By analyst By Valentina Ruiz Leotaud Geneva-based IndustriALL, a global union federation that says it represents more than 50 million workers in 140 countries, joined forces with Building and Wood Workers’ International to file a complaint against BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) under the Organisation for Economic Co-operation and Development’s Guidelines for Multinational Enterprises.

Labour groups file OECD complaint against BHP and Vale over dam-burst disaster Read More »

Canadian miner allowed to operate in Sweden

By analyst By Valentina Ruiz Leotaud Canada-based Gungnir Resources (TSX-V: GUG) announced that authorities have approved a permit application to start drilling on its Knaften gold project, located in the Vasterbotten district of northern Sweden. According to the miner’s website, Knaften covers Au in boulders and outcrop, as well as drill-indicated Au mineralization along a

Canadian miner allowed to operate in Sweden Read More »