SolGold signs US$750M gold stream deal for Ecuador project
Franco-Nevada (TSX: FNV NYSE: FNV) and Osisko Gold Royalties (TSX: OR, NYSE: OR) have agreed to provide US$750 million in funding to SolGold (TSX: SOLG; LSE: SOLG) for its Cascabel…
Copper
Would Canada allow Rio Tinto to buy Teck? Miners aren’t so sure
The federal government’s attempt to clarify its rules for foreign investment in mining is instead causing more confusion as the industry grapples with changing rules under the Investment Canada Act. …
Friedland warns of copper ‘crisis’ as mine costs soar
Boca Raton, Fla. – Miners and analysts gathered this week in a sweaty beach city in southeast Florida to ponder why the industry gets the cold shoulder from most investors. Copper…
Rio Tinto mulls potential bid for Teck — report
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is said to be studying potential takeover bids for smaller rivals, including Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Canada’s largest diversified…
Canada’s resources not enough to ride energy transition wave: Ian London
London argues that Canada urgently needs to establish commercialization hubs to produce finished products like batteries, permanent magnets, and cathodes.
Nexa Resources in talks to sell Peru copper project
Latin America-focused Nexa Resources (NYSE: NEXA), which operates the largest underground zinc mine in Peru, Cerro Lindo, is in talks to sell its Pukaqaqa copper project in the Andean country. The miner said in a note to the…
Codelco eyes 10% stake in Teck’s QB copper mine
Chile’s state-owned copper giant Codelco is considering acquiring a 10% stake in Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Quebrada Blanca copper mine, currently held by state mining firm Enami,…
Indonesian group to buy Hillside copper project in Australia for $361M
Rex Minerals (ASX: RXM), which holds Australia’s largest permitted and shovel-ready copper project, is being bought out by Indonesia-based MACH Metals Australia for A$393 million ($361.1 million). Rex shares closed…
OTC-listed Chilean Cobalt inks Glencore offtake deal
Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of…
Silvercorp deal for Adventus hits roadblock
Silvercorp Metals (TSX: SVM) says it’s reviewing plans to acquire Adventus Mining (TSXV: ADZN) after a local lawsuit challenged the target company’s environmental permit for its project in Ecuador. The…
Teck’s $9.5B coal sale to Glencore set to close July 11
The federal government has approved the $9.5-billion sale of Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) coal business to Swiss-based resource giant Glencore (LSE: GLEN). Teck agreed in November to sell the…
Copper to retest US$10,000 a tonne: Citi, BMO
Copper prices may rise past the US$10,000-per-tonne mark again in the coming weeks due to a Chinese smelter supply shortage and anticipated grid investments by the Asian giant, according to…