Category Archives: Stories

Lumina Copper: A final sweetener

Lumina Copper and its Taca Taca copper porphyry in northern Argentina was purchased by First Quantum Minerals on June 17 for about $470 million, or $10 a share. Lumina shareholders have three options to tender their shares – $10 cash, … Continue reading

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Lumina Copper lures in a suitor, belatedly

It’s been a wild ride, but Lumina Copper got taken out recently for $10 a share by First Quantum Minerals, which will develop Lumina’s monster Taca Taca copper-gold deposit in northern Argentina. The deal values Lumina at $470 million. I … Continue reading

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WEQ revisited

Small-cap dividend play WesternOne Inc ($WEQ.CA) named its new CEO this week and the market applauded. On Sept. 1, current Ritchie Bros CEO Peter Blake will succeed interim CEO Robert King at the helm, the company announced May 26. Blake … Continue reading

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A proxy loss, but Sherritt shaken

by James Kwantes, World of Mining When the votes were counted Tuesday, activist investor George Armoyan had lost his bid to shake up Sherritt’s board. But Armoyan, whose Clarke owns 5% plus of Sherritt’s outstanding shares, got a round of … Continue reading

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Getting things done the Imperial way

by James Kwantes, World of Mining I recently had the pleasure of interviewing Imperial Metals (III) chairman Pierre Lebel for the Vancouver Sun and my feature on Lebel and Imperial’s Red Chris mine is in today’s Sun business section and … Continue reading

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A (re-)visit with Pretium CEO Bob Quartermain

by James Kwantes, WorldofMining.com I first interviewed Bob Quartermain for the Vancouver Sun in December 2011 when his Pretium Resources IPOed on the Toronto Stock Exchange. At $265 million, it was one of the larger IPOs that year, and allowed … Continue reading

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Fight Club, Canadian-style (Sherritt vs. shareholders)

by James Kwantes, WorldofMining.com Sherritt and Clarke resumed their very public boardroom battle this week with fresh accusations and countercharges. Sherritt chairman Hap Stephen opened fire Monday morning with a 7-page broadside attacking dissident shareholder George Armoyan. Stephen spent about … Continue reading

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Dissident group sends out an SOS

by James Kwantes, World of Mining That would be “Save Our Sherritt,” the name of a new website launched by the Concerned Shareholders of Sherritt. The dissident group is led by Clarke CEO George Armoyan, who wants a seat on … Continue reading

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Sherritt and Clarke: Nickel for your thoughts

by James Kwantes, World of Mining Resources and resource allocation are at the centre of a boardroom battle between Sherritt International ($S.TO), which mines nickel in Cuba and Madagascar, and George Armoyan, a Halifax-based activist value investor who runs Clarke … Continue reading

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PDAC 2014: Lumina Copper’s staying power

Peter Koven of the Financial Post interviewed Lumina Copper CEO David Strang at PDAC and wrote a short piece here. Strang notes in the article that he’s said at the last two AGMs that he didn’t expect the company – … Continue reading

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