Aussie Alkane adds $2.2B listing to TSX
Confetti, cheers and an electronic bell welcomed Alkane Resources (ASX, TSX: ALK) to the Toronto Stock Exchange Wednesday as its latest listed company. The A$2.3-billion (C$2.2 billion) market cap Alkane…
M&A
Faraday jumps on Lundin-, BHP-backed $100M deal
Faraday Copper (TSX: FDY) is raising $100 million (US$73 million) through a private placement backed by the Lundin Family Trusts and BHP Group (ASX: BHP) to fund the ongoing development…
Lundin Gold sells silver stream to LunR in $670M deal
Lundin Gold (TSX: LUG) said it will sell a silver stream on its Fruta del Norte mine in Ecuador in return for newly issued shares of LunR Royalties (TSX-V: LUNR)…
Newmont-Barrick rift over Nevada heats up
Barrick Mining’s (TSX: ABX; NYSE: B) plan to spin off its North American assets has hit another obstacle after joint venture partner Newmont (NYSE: NEM) issued a notice of default,…
Anglo posts $3.7B loss on fresh De Beers writedown
Impairment reduces De Beers’ value, bringing total writedowns for the diamond unit to $6.8 billion in 2025.
Vale to sell Manitoba nickel complex to investor group
Brazilian mining giant Vale (NYSE: VALE) is selling control of Manitoba’s Thompson nickel mine complex to a trio of investors that agreed to inject up to US$200 million ($280 million)…
AngloGold invests $39M in Thesis for 5% stake
AngloGold Ashanti (NYSE: AU) has taken up a 5% stake in Thesis Gold (TSXV: TAU), whose main project is the Lawyers-Ranch site in northern British Columbia. The major is to…
Glencore doubles down on copper, keeps M&A in play
Glencore (LSE: GLEN) is stepping up its copper ambitions in the Democratic Republic of Congo and beyond, even as it posted a third straight annual earnings decline, while keeping the…
Podcast: Glencore-Rio Tinto merger challenged by complexity, ft Bloomberg Intelligence’s Olsha
This week’s episode features Alon Olsha, Senior Analyst for Metals & Mining at Bloomberg Intelligence, in conversation with host Adrian Pocobelli about the recent failed merger discussions between Rio Tinto…
Australia’s Genesis expands in Laverton with US$449M Magnetic Resources buy
Australian gold miner Genesis Minerals (ASX: GMD) is expanding its footprint in the Laverton gold district with the acquisition of Magnetic Resources (ASX: MAU) in a cash-and-stock deal valued at…
BHP-Lundin Vicuña JV’s copper-gold district potential hits $9B value
A new study for the Vicuña joint venture between BHP (ASX, LSE, NYSE: BHP) and Lundin Mining (TSX: LUN) that straddles the Argentina-Chile border positions the 70-year copper-gold-silver project in the…
BHP leans on copper growth, not big deals
CEO Mike Henry said there’s no urgent need for deals as the company aims for 2.5 million tonnes of copper equivalent annually.