Anglo execs take top jobs in $53B Teck merger
Anglo American (LSE: AAL) executives will hold three of Anglo Teck’s four top jobs after the $53-billion all-share merger with Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) closes next year….
Anglo American
De Beers’ $18B diamond empire could fetch $1B
De Beers, the former diamond monopoly once valued at more than $18 billion (C$25 billion), could sell for about $1 billion as Anglo American (LSE: AAL) nears a deal to…
Ex-De Beers chief leads bid for diamond giant
Anglo American (LSE: AAL) has selected a consortium led by former De Beers chief executive Gareth Penny as the preferred bidder to acquire its diamond business, according to Botswana’s government….
Canada’s first diamond mine to shut down
Canada’s first diamond mine, Ekati in the Northwest Territories, will shut down following a Supreme Court of British Columbia ruling placing it into receivership this week. Arctic Canadian Diamond, a…
De Beers idles South Africa’s top diamond mine
De Beers will suspend production at its Venetia mine, South Africa’s highest-value diamond operation, for two years as the company cuts costs and streamlines its business to withstand a prolonged…
De Beers cuts diamond prices, axes 25 elite buyers
Giant diamond miner De Beers has made sweeping cuts to its official prices at its first sale since culling nearly a third of its handpicked buyers, a strategy aimed at…
China question clouds Nunavut road-to-port plan
A Chinese state-backed miner owns the remote Izok Corridor in Nunavut, one of the richest zinc deposits in the world, and the Canadian government has provided some financing for the…
Anglo, Codelco seal pact to unlock $5B in copper
Anglo American (LSE: AAL) and Chilean state-owned miner Codelco have finalized a landmark agreement to combine development plans at their neighbouring Los Bronces and Andina mines, unlocking at least $5…
Peru election too close to call as vote tally drags on
Peru’s presidential election remained too close to call as vote counting entered its final stages, with left-wing candidate Roberto Sánchez holding a razor-thin lead over conservative rival Keiko Fujimori. With…
CHART: Copper price surge mints 23 unicorn mines
Tech venture capitalists invest in startups and get to call them unicorns. The official definition of a unicorn is a startup with a $1 billion valuation while still a private company. There are 1,765 unicorns globally, past…
Collahuasi permit setback jolts Chile copper sector
A Chilean environmental court has annulled a key permit for the $3.2 billion (C$4.4 billion) expansion of the Collahuasi copper mine, throwing fresh uncertainty over one of the world’s largest…
SME New York: Critical minerals boom lifts dealmaking
Global mining M&A is gaining momentum this year, driven by a surge in critical minerals deals, rising government intervention and a shift towards supply chain security, speakers said this week…