Of the 15+ compelling stories told at our first ever Subscriber Investment Summit in Vancouver last week, one that stood out was NexGen Energy (NXE:TSXV), which made a rapidly growing Canadian uranium discovery in 2014 at the Arrow Zone. NexGen’s CEO, Leigh Curyer, previously managed a $500 million private equity fund with the mandate of finding… Continue Reading
Mick Davis, the former head of Xstrata who was kicked out after the $70 billion merger with Glencore completed in the spring of 2013, announced that his new venture (X2 Resources) just raised an additional US $1 billion. His warchest now sits close to US $5 billion with US $3.3 billion available for immediate withdrawal and another US $1.5… Continue Reading
The long and sustained downturn in the mineral exploration sector has caused share prices to be decimated over the last three years as companies have been incapable of convincing investors to pony up. Even companies with the highest-quality management teams have had to reduce their spend drastically as they batten down the hatches and try to weather… Continue Reading
Shares of Platino Energy (PZE:TSXV) remain halted this morning after the company announced it would be acquiring Colombia Energy Development Company (CEDCO) for US $50 million in cash. CEDCO is a wholly-owned subsidiary of Global Energy Development Plc. The Rationale: CEDCO holds 100%-interests in three exploration blocks in the Llanos Basin covering roughly 31,000 gross… Continue Reading
Since Lundin Petroleum (LUPE:OMX) began trading in 2001 at an IPO price of 2 Swedish Krona (roughly CAD $0.31) per share, shares have risen 5,265%. To put that in perspective, the stock market darling Apple is up 3,898% over the same period. The Stockholm-based company which is 1/3rd controlled by the Lundin Family Trust has been making… Continue Reading
The Toronto-based mining private equity firm, Waterton Global loves gold and has $1 billion to deploy. Probably a good starting point for gold executive to look for money. They have been trying to consolidate gold assets and in May 2013, they closed the acquisition of the Hollister gold mine and Esmeralda Mill in Nevada out of bankruptcy for… Continue Reading
The Cigar Lake mine in northern Saskatchewan is one of the richest uranium mines in the world, but also one of the most complex. It is owned by Cameco (50.025%, operator), AREVA (37.1%), Idemitsu (7.875%) and TEPCO (5.0%) . It took Cameco (CCO:TSX) nearly 10 years and $2.6 billion to build. The ground in which the ore… Continue Reading
I was researching the history of Glencore (GLEN:LN) today and, specifically, its billion dollar deal making leader Ivan Glasenberg. Glencore is the one of the largest diversified mining companies in the world with a market capitalization of nearly CAD $80 billion and 2013 top-line revenue of US $240 billion. They produce and trade in over 90 different commodities… Continue Reading
Senior analyst at global research firm Sanford Bernstein, Paul Gait, says a merger between Glencore and Rio Tinto to form GlenTinto makes a lot of sense. He spoke to Andrew Bell on BNN’s Commodities. “I think the shareholders of both companies (Glencore and Rio Tinto) ought to welcome the deal,” Gait believes. “If you look at… Continue Reading
After much speculation around the world (including CEO.ca), Rio Tinto issued a statement claiming that although they had been approach by Glencore in July 2014 about a potential merger; those talks ended a month later after Rio’s board decided “a combination was not in the best interests of Rio Tinto shareholders.” The fact Rio acknowledged Glencore’s intentions probably… Continue Reading
According to preliminary reports today from Bloomberg, Glencore (GLEN:LN) which is the fourth largest mining company by market capitalization is entertaining the idea of merging with iron-ore juggernaut Rio Tinto which would create the world’s largest mining company in a +$160 billion deal. According to the report, Ivan Glasenberg (Glencore’s CEO) has begun talks with Aluminum Corp.… Continue Reading
One of Canada’s leading uranium explorers announced assay results from a game-changing drill hole this morning. NexGen Energy’s AR-14-30 was the first vertical hole drilled at the Arrow discovery, designed to test the upper and lower vertical limits of the steeply dipping high grade mineralization encountered in hole AR-14-15. “AR-14-30 signals the arrival of Arrow as a significant… Continue Reading
We recently visited a company that, despite being in the most volatile gold market in history, has been able to raise the funds to develop one of the world’s last great gold deposits. Now, this company is on the brink of a truly transformational period. Over the next twelve months they are set to hit a number of high impact milestones… Continue Reading
Talk to anyone involved in the Canadian diamond business and ask them if they could have convinced banks to raise them $75 million in a bought-deal for their project over the last two decades. My suspicion is they would respond with a resounding “NO!” Today, shares of Mountain Province (MPV:TSX) resumed trading after the company announced late… Continue Reading
Many people I know, myself included, felt that the Taseko Mines’ friendly bid for fellow Hunter Dickinson group company Curis Resources (CUV:TSX) was lowball. This morning, we were reminded why a large takeover premium might not have been warranted. Judge Milhasky, the administrative law judge assigned to case No. 12-005-WQAB in the Arizona Office of Administrative Hearings,… Continue Reading
