JAKARTA/TORONTO (Reuters) – BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled.
The handset, to be presented at a glitzy launch event in the Indonesian capital on Tuesday, is the first in a line of devices being made with FIH Mobile Ltd, a unit of the giant Taiwanese Foxconn Technology Group best known for assembling gadgets like iPhones and iPads for Apple Inc.
TORONTO, May 7 (Reuters) – Canada’s largest natural gas
company Encana Corp said on Wednesday it is
buying producing assets in the Eagle Ford shale field in Texas
from Freeport-McMoRan Copper & Gold for $3.1 billion,
nearly doubling its oil output.
Encana has been concentrating on five shale fields that are
rich in oil and natural-gas liquids to lessen its dependence on
lower-value gas. This transaction will add a sixth focus area
and is aligned with Encana’s growth strategy, the company said.
TORONTO (Reuters) – Newmont Mining Corp (NEM.N: Quote, Profile, Research, Stock Buzz) said on Monday it has terminated merger talks with Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) (ABX.N: Quote, Profile, Research, Stock Buzz), slamming its suitor and stating bluntly that talks failed due to the lack of a constructive, mutually respectful dialogue.
Denver-based Newmont broke its silence around the proposed deal on Monday, criticizing Barrick’s outgoing Chairman and founder Peter Munk and its current co-chairman and incoming chair John Thornton.
MISSISSAUGA, Ontario (Reuters) – Canada’s new energy minister, Greg Rickford, says he hopes the Obama administration will “depoliticize” its decision on the Keystone XL pipeline, adding he is optimistic that Washington will eventually give the green light to the project, which is stoutly opposed by green groups.
“Obviously we hope sooner rather than later that this is depoliticized, if you will, and that the communities along the pipeline, which include Canada and the United States, can reap the tremendous economic benefits of Keystone,” Rickford told reporters after a speech on Friday.
(Reuters) – The disagreements around the spin-out of certain assets that had snagged merger talks between Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) and its rival, Newmont Mining Corp (NEM.N: Quote, Profile, Research, Stock Buzz), have been resolved but talks are at a standstill for now, said three sources familiar with the matter on Wednesday.
There have been some talks between representatives of both companies since discussions broke down last Thursday, but high-level talks between executives from both sides have yet to resume, said the sources, who asked not to be named due to the sensitive nature of the discussions.
TORONTO/VANCOUVER, April 21 (Reuters) – Barrick Gold Corp
has tried and failed to buy Newmont Mining Corp
twice in the past decade, but the rationale is now more
compelling than ever for a merger between two of the world’s
largest gold miners.
The two companies have been weakened by massive asset
write-downs and the derailment of two vital growth projects in
Latin America in the last two years, as the price of gold has
slid 33 percent since peaking in 2011. These issues have led to
credit rating downgrades and forced both miners to sell some
TORONTO (Reuters) – Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz) said on Monday it is walking away from its hostile bid to buy Osisko Mining Corp (OSK.TO: Quote, Profile, Research, Stock Buzz), clearing the way for Yamana Gold Inc (YRI.TO: Quote, Profile, Research, Stock Buzz) and Agnico Eagle Mines Ltd (AEM.TO: Quote, Profile, Research, Stock Buzz) to take control of Osisko’s flagship Canadian Malartic mine.
The white-knight bid, which the companies valued at C$3.9 billion ($3.5 billion) when it was announced last week, would see Yamana and Agnico take joint control of most Osisko assets, and spin out some exploration properties into a new entity.
TORONTO (Reuters) – The talks between Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) and Newmont Mining Corp (NEM.N: Quote, Profile, Research, Stock Buzz) over a combination that would create a gold mining behemoth have hit a snag, but two sources close to the situation say the companies remain keen on a deal and discussions are likely to resume.
The talks had been on for a few weeks and the two sides had broadly agreed to a transaction that would see Barrick acquire Denver-based Newmont in an all-stock deal, said one source close to the matter, adding that the deal would offer Newmont shareholders a slight premium to its current share price.
TORONTO, April 17 (Reuters) – Two prominent proxy advisers
have split on whether shareholders should vote to maintain
Augusta Resource Corp’s shareholder rights plan, which
could thwart a hostile takeover bid from larger Canadian base
metals miner HudBay Minerals Inc.
Glass Lewis has advised its clients to vote to preserve the
plan, while rival Institutional Shareholder Services (ISS) has
come out against the plan. ISS also sharply criticized the
amount of severance that could be paid to Augusta’s chief
executive if HudBay’s bid succeeds.
TORONTO (Reuters) – Canada’s Osisko Mining Corp (OSK.TO: Quote, Profile, Research, Stock Buzz) said on Wednesday it has reached a C$3.9 billion ($3.6 billion) deal to sell most of its assets to Yamana Gold Inc (YRI.TO: Quote, Profile, Research, Stock Buzz) and Agnico Eagle Mines Ltd (AEM.TO: Quote, Profile, Research, Stock Buzz) as it battles to thwart a hostile takeover bid from Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz), one of the world’s biggest gold miners.
Osisko said the implied value of the new deal is C$8.15 a share, an 11 percent premium to the implied value of a sweetened offer that was announced by Goldcorp last week.