Wednesday, April 7, 2010 as of 11:14 AM ET
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Read More at Wikipedia ›Ivanhoe Mines Ltd.
(IVN) and controlling shareholder Rio Tinto PLC (RIO) have tweaked the terms of a US$1.8 billion rights offering and financing package to help fund the development of the massive Oyu Tolgoi copper-gold mine in Mongolia to reflect the fall in mining sector share prices.Shareholders in Ivanhoe will be offered additional shares in the Canadian company at a price that will be set in the final prospectus, rather than at US$8.34 a share as the companies had agreed last month, the two companies said in statements late Wednesday. Ivanhoe's shares have fallen sharply with those of other resources companies in recent weeks.Rio will continue to provide a standby commitment for the full amount of the US$1.8 billion offering and will buy as many new shares in Ivanhoe as its 51% shareholding allows, but said it won't reinvest a cash fee for the commitment in Ivanhoe shares. The fee had been set at 4% of the rights offering's gross proceeds.The Anglo-Australian company also will ac...Viterra Inc. (VT.T) said Monday it is in exclusive talks with an unidentified third-party to potentially be acquired.The Wall Street Journal reported earlier Monday ...
German industrial conglomerate Siemens AG (SI) said Friday it has completed its bid for Canada's RuggedCom Inc. (RCM.T).The German company now owns about 97.6% of Ru...
Glencore has made a $3.5 billion bid for Canadian grain giant Viterra, the Sunday Telegraph reported, without citing sources.The move, which marks an attempt by Glen...
Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday, cutting into a pillar of the str...
Newcrest Mining Ltd. (NCM.AU), Australia's largest producer of gold, began trading Thursday on the Toronto Stock Exchange .The Melbourne-based company entered as the...
Canadian pipeline company TransCanada Corp. (TRP) said it has received more interest from oil shippers in splitting off the southernmost piece of the controversial K...
Newcrest Mining Ltd. (NCM.AU), one of the world's largest gold producers by market value and Australia's biggest by production, said Friday that continued strengthen...
Newcrest Mining Ltd. (NCM.AU), one of the world's largest gold producers by market value and Australia's biggest by production, said Friday that continued strengthen...
Newcrest Mining Ltd. (NCM.AU), Australia's largest producer of gold by market value, said Friday its financial half-year profit jumped 50% due to a stronger price fo...
Construction is under way at Husky Energy's (HSE) Lima, Ohio, refinery to increase jet fuel production, the company said in its fourth-quarter earnings report.Work o...
The price of gold is likely to remain strong and trade in a range of US$1,500 to US$2,500 an ounce in the years ahead, the chief executive of Newcrest Mining Ltd. (N...
Direct Edge Holdings LLC is exploring a sale or initial public offering as the electronic exchange company looks to grow amid tough market conditions and intense com...
TransCanada Corp. (TRP) said the restart of an Ontario nuclear reactor has been delayed after an accident caused damage to some plant equipment.Unit 2 of the Bruce P...
The London Stock Exchange Group PLC (LSE.LN) Friday said it expects to make good progress with its business despite an uncertain macroeconomic environment, after pos...
CALGARY, Alberta -(Dow Jones)- Canadian Natural Resources Ltd.'s (CNQ) first-quarter profit rose from a year earlier on higher oil output and oil prices.But the resu...
DOW JONES NEWSWIRESCALGARY -(Dow Jones)- Canadian Oil Sands Ltd. (COS.T) reported Monday a slight drop in first-quarter profits that nevertheless beat analyst expect...
The consortium of Canadian financial institutions bidding to acquire TMX Group Inc. (X.T), the country's main stock-market operator, said conditions placed on the pr...
Many analysts consider Corus Entertainment Inc. (CJR.B.T) a likely merger target, since it's the only large pure-play media company on the Canadian market after BCE ...
Swiss commodities group Glencore International PLC on Tuesday said it has definitely agreed to acquire Canadian grain trader Viterra Inc. for C$16.25 ($16.38) per sh...
