Loncor agrees on $261M sale to China’s Chengtun
Canadian explorer Loncor Gold (TSX: LN; US-OTC: LONCF) agreed to be acquired by Chengtun Mining Group for about $261 million cash in a deal that will hand control of a…
Financial Matters, M&A
Rio Tinto, Japanese firms pour $733M into Pilbara mine
Rio Tinto (ASX: RIO) and its Japanese joint-venture partners will invest $733 million to extend the life of the West Angelas iron ore hub in Western Australia’s Pilbara region by…
Predictive, Robex reach $1.5B deal to create Guinea-focused gold miner
Australia’s Predictive Discovery (ASX: PDI) and Canada’s Robex Resources (CVE: RBX)(ASX: RXR) agreed to merge in an all-share deal worth A$2.35 billion ($1.55 billion) that would create a new Guinea-focused…
Barrick to sell Tongon mine to Atlantic for up to $305M
Barrick Mining (TSX: ABX; NYSE: B) agreed to sell its stake in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to…
Critical Metals pares gains as U.S. government talks report downplayed
Critical Metals (NASDAQ: CRML) shares gave up some their early gains Monday afternoon after the White House shot down reports that it is considering buying a stake in the rare…
Barrick CEO exit could spur asset sales, M&A: analysts
Leadership changes at two of North America’s biggest miners open the door to asset sales and even a potential takeover of Barrick Mining (TSX: ABX; NYSE: B), analysts say. On…
G Mining gets Brazilian tax cut for gold mine
Authorities in Brazil have granted G Mining Ventures’ (TSX: GMIN; US-OTC: GMINF) main Tocantinzinho mine a reduced tax rate, a move that the Canadian company says will “materially enhance” profit…
Mining profits face nature-related threats: Barclays
Mining companies could see earnings drop by as much as 25% over five years due to nature degradation, Barclays said in a new report. The bank’s stress test, published in Navigating…
Appian sells royalty, streaming assets to Versamet
Mining advisory firm Appian Capital sold two royalty and streaming assets to Canada’s Versamet Royalties (TSXV: VMET) for up to US$170 million in cash, of which $125 million is paid…
Appian secures $150M loan for Namibia mine expansion
Appian Capital Advisory has secured a $150 million debt facility from Standard Bank to complete the expansion of its majority-owned Rosh Pinah zinc mine (RPZ) in southern Namibia. The financing…
DOE re-thinks $2.2B Thacker Pass lithium loan
The Trump administration is reportedly having second thoughts on a Biden-era $2.2-billion loan for Lithium Americas’ (TSX, NYSE: LAC) Thacker Pass project in Nevada, according to Bloomberg News. The loan…
Mining Forum Americas: Former Barrick CEO elevates Fourmile in Nevada plan
Colorado Springs, Colo. – Barrick Mining (TSX: ABX; NYSE: B) says its new Fourmile project in Nevada can be developed without new processing plants and fits within the company’s capital-returns…