Recent news is that HNC(HAR)'s owners Minmetals are keen to...

Recent news is that HNC(HAR)'s owners Minmetals are keen to extend mine lives in order to increase their valuations, pretty sure they wouldn't want Brown's Oxides and the real big prize, the underlying Sulphides, to go unexploited. I'm still holding onto some semblance of hope (I know, it's a long shot..) that CMR refloats soon and that works are expedited by HNC in order to get the show back on the road and prove up the resources and boost valuations. With the immenent massive dilution that will arise from the YA Global & Toll stock issues they're gonna need to get the market cap. up to the multiple $billions in order for us to get some meaningful recovery of our original investments back. Any hope of capital gain for existing s/holders would be dependant on whether Browns was another Olympic Dam, Hope's about all we've got to show for our investments in this Co. at the moment...

http://iblog.at/stonecrushermachine/2011/11/hungry-for-more-acquisitions-minmetals

Minmetals is not finished acquiring companies to add to its stable of base metal mines, according to Bloomberg.

The state-run Chinese miner, with operations in Australia and Laos, a month ago snapped up Anvil Mining for $1.3 billion, thus expanding its reach into Africa. Anvil’s key asset is the Kinsevere mine, located in the Democratic Republic of Congo.

Bloomberg reports the firm is planning more takeovers crusher for sale because it needs to extend the life of its mines and boost valuations. Minmetals’ stock is undervalued compared to other comparable raw materials producers and consummating more deals would help raise its valuation, says the story, quoting a manager at First Asset Investment Management Inc.:

“Minmetals’ mines have relatively short mine lives. grinding mill for sale They definitely would be an acquirer and it would certainly help.”

According to Bloomberg, the most likely targets are Mirabela Nickel Ltd. (ASX:MBN), which owns the Santa Rita nickel mine in Brazil, and Alumina Ltd. (NYSE:AWC), which owns 40% of Alcoa, the biggest U.S. aluminum producer.

Minmetals had previously bid for Vancouver-based copper sbm malaysia producer Equinox Resources but lost it to Barrick Gold Corp. (TSE:ABX), which paid $7.3 billion. The move was seen as a diversification by gold-centric Barrick into copper.