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1) Teck Resources has withdrawn its separation proposal that was due to be considered by shareholders later today. Shareholders were to vote on the separation of Teck's resources into Teck Metals and Elk Valley Resources to separate Teck's metals unit with its coal business. According to the CEO of Teck, Jonathan Price, the company will now pursue a "simpler and more direct separation." Mr. Price added, "we received very strong support from shareholders for the goal of separation, which is to unlock value through creation of a premier, pure-play base metals company and a world-class steelmaking coal company. We have also listened and heard the feedback that some shareholders would prefer a more direct approach to separation." "Our plan going forward is to pursue a simpler and more direct separation, which is the best path to unlock the full value of Teck for our shareholders," said Jonathan Price.
2) Prosper Gold, a Canadian junior, has reached an option agreement with DS Resources and Mohave Mine Partnership to acquire a 100% interest in the Mohave gold project in Arizona, which has a long history of mining dating back to 1865. Peter Bernier, the CEO of Prosper, said "The opportunity to acquire the Mohave gold project was one we could not pass up,” chief executive Peter Bernier said in the statement. “The exploration potential for high-grade gold on this project is clear and we look forward to drilling the multitude of mineralized zones, many of which have never been drilled”. The project includes 160 contiguous mining claims covering 1,176 hectares in Mohave County, Arizona.