US bids threaten gold merger

Article Abstract:

The planned merger of Wheaton River Minerals Ltd. and Iamgold Corp., Canadian gold producers is likely to be affected as a result of the proposals of two US mining companies, namely Coeur d'Alene Mines Corp. and Golden Star Resources Ltd. Coeur d'Alene Mines Corp has announced a bid of about $2.5-billion to acquire Wheaton River in a stock-and-cash deal while Golden Star Resources Ltd. unveils a merger proposal for Iamgold estimated at about $1.2-billion.

---

Gold miners enter the big leagues: Iamgold, Wheaton do $2.9-billion deal

Article Abstract:

Wheaton River Minerals Ltd. and Iamgold Corp. have announced a $2,9-billion merger on 31st March 2004 that would create one of the world's top 10 gold companies, a million-ounce producer armed with cash for acquisition. The deal put together in 90 days would give the companies a head start to acquire developmental projects in coming months.

---

Wheaton River buys two mines

Article Abstract:

Wheaton River Minerals Ltd. has acquired two gold mines, one in Argentina and the other in Australia. The deal for the mines is valued at US$210 million. Wheaton is acquiring 25% of the Bajo de Alumbrear gold copper mine in Argentina, while it is acquiring all of the Australian mine.

Australia, Copper Ore and Nickel Ore Mining, Gold Ore Mining, Argentina, Copper ores, Gold Ores, Ferroalloy ores, except vanadium, Copper Ore, Chemical and Fertilizer Minerals, Natural resources, Nonmetal mining, Ores, Fertilizers, Ferroalloys

Similar abstracts:

• Abstracts: Future's bleak for small PC makers. Good news for techs: Intel says sales are on track. Slowing economy hinders Motorola's recovery efforts
• Abstracts: Energy strategies. Rethinking the nuclear option. Utility reform
• Abstracts: Stepping into the blocks: the Tory leadership campaign begins on a cautious note. Requiem for the Tories: Jean Charest will have to decide between his own future and that of his party
• Abstracts: From anguish to anger: a slow search and a shortage of answers frustrate the families of the TWA victims. Ottawa's fresh faces
• Abstracts: Songs in a brave new key. Snowbird harmony; three singers continue a female tradition. Songs of the sirens

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.