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Dec 20, 2011

TSX rises with commodity prices as data boosts sentiment

TORONTO (Reuters) – Toronto’s main stock index was up more than 1 percent on Tuesday morning as heavily weighted energy and materials issues got a boost from higher commodity prices, and investor sentiment turned positive on better-than-expected data out of Europe and the United States.

Energy shares led the way, rising 2.89 percent as oil gained nearly $3 a barrel on supply fears spurred by protests in Kazakhstan and worries that supply from Iran could be hit by sanctions.

Dec 7, 2011

DealTalk: KGHM’s bid for Quadra sets stage for a bidding war

TORONTO (Reuters) – KGHM’s C$3 billion ($2.96 billion) bid for Quadra FNX is widely being viewed as a low-ball offer, and its proposal may well result in a full-blown bidding war for the Canadian miner, which controls one of the world’s largest undeveloped copper projects.

Even though copper prices have pulled back in the wake of the euro zone debt crisis and economic uncertainty in other parts of the world, analysts believe a dearth in large-scale copper assets bodes well for the price of the metal.

Dec 5, 2011

Centerra says blockade hits Kumtor mine production

TORONTO/BISHKEK, Dec 5 (Reuters) – A group of
protesters in Kyrgyzstan said on Monday they would remove a
week-long roadblock that has interrupted supplies to Centerra
Gold’s Kumtor mine in the restive Central Asian republic
after striking a deal for more community involvement.

Toronto-listed Centerra Gold had said it was reducing
activity at the open-pit mine, which contributes nearly 10
percent of Kyrgyzstan’s gross domestic product, after the
blockade at a marshaling yard disrupted fuel and other supplies.

Dec 2, 2011

Canada says no decision yet on revising uranium policy

TORONTO, Dec 2 (Reuters) – Canada is reviewing a
policy that restricts foreign ownership of uranium mines, but
there has been no decision on revising those rules at this time,
Natural Resources Minister Joe Oliver said on Friday.

Canada is the world’s second largest producer of uranium and
home to the highest grade uranium mines in the world.

Nov 30, 2011

Rio Tinto faces new hurdles on Canadian uranium

TORONTO (Reuters) – Rio Tinto’s battle to secure its foothold in Canada’s uranium-rich Athabasca region has only just begun now that it has apparently won a bidding war to gain control of Hathor Exploration.

While the path is now clear for Anglo-Australian giant to acquire the exploration-stage company, a whole new set of rules will apply to Rio once Hathor’s flagship Roughrider project nears production.

Nov 29, 2011

Analysis: Rio Tinto faces new hurdles on Canadian uranium

TORONTO (Reuters) – Rio Tinto’s (RIO.AX: Quote, Profile, Research, Stock Buzz) battle to secure its foothold in Canada’s uranium-rich Athabasca region has only just begun now that it has apparently won a bidding war to gain control of Hathor Exploration (HAT.TO: Quote, Profile, Research, Stock Buzz).

While the path is now clear for Anglo-Australian giant to acquire the exploration-stage company, a whole new set of rules will apply to Rio once Hathor’s flagship Roughrider project nears production.

Nov 28, 2011

Cameco clears way for Rio’s C$654 mln Hathor deal

TORONTO, Nov 28 (Reuters) – Cameco Corp has backed
out of a bidding war for Hathor , clearing the way for
Rio Tinto’s C$654 million friendly offer and sending
shares of the Canadian uranium explorer tumbling.

For weeks, Rio Tinto and Cameco have been locked in a
battle to acquire Hathor, which controls the advanced
exploration-stage Roughrider project in the uranium-rich
Athabasca region of Saskatchewan in Western Canada.

Nov 14, 2011

Cameco challenges Rio with sweeter Hathor bid

TORONTO (Reuters) – Uranium producer Cameco Corp (CCO.TO: Quote, Profile, Research, Stock Buzz) raised its offer for Hathor Exploration (HAT.TO: Quote, Profile, Research, Stock Buzz) by 20 percent on Monday, challenging a friendly takeover bid by Rio Tinto (RIO.AX: Quote, Profile, Research, Stock Buzz) (RIO.L: Quote, Profile, Research, Stock Buzz) for the small Canadian mining company.

The C$4.50 per share offer, which values Hathor at C$625 million ($614 million), sent the company’s stock soaring 8.5 percent to C$4.85 on the Toronto Stock Exchange, as investors bet on a bidding war over the uranium junior.

Nov 10, 2011

Neo Material profits rise, but lower prices ahead

Nov 10 (Reuters) – Neo Material Technologies
reported a record third-quarter profit on Thursday, beating
market expectations, but said rare earth prices had eased from
recent highs and may keep falling in the fourth quarter.

Neo Material said volumes fell in the quarter to Sept. 30,
as customers shied away from buying material in the pricey
market. It expects sales volumes to stay at similar levels for
the rest of 2011. But income rose five-fold as record rare
earth prices boosted revenues.

Nov 9, 2011

Vanadium miners ready, hoping for green tech boom

TORONTO, Nov 9 (Reuters) – A little-known metal used in
steelmaking could emerge as a game-changer for battery
technology, raising the prospect of an investment boom like the
one that lifted rare earths out of obscurity last year.

Electric cars fueled by vanadium could one day travel
hundreds of miles on a six-minute charge, while renewable
energy sources like wind and solar could use vanadium batteries
to rival coal in terms of reliability. The technology could
boost demand for the metal by more than 35 percent in the next
two or three years, analysts say.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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