Rule Symposium Video: Mining M&A wave seen building
Mining’s next two years will be shaped by mergers and acquisitions as producers scramble to replace reserves after a decade of weak investment, veteran resource investor Rick Rule says. Capital…
M&A, Financing and Restructuring
First Quantum explores Taca Taca stake sale: report
First Quantum Minerals (TSX: FM) is exploring the sale of a minority stake in its giant Taca Taca copper project in Argentina as the world’s largest miners and strategic investors…
Genesis boss says Vault merger is perfect pairing to create 3rd-biggest Aus-listed gold miner
Genesis Minerals (ASX: GMD) says its proposed merger with Vault Minerals (ASX: VAU) is the “perfect pairing” to create Australia’s third-largest locally-listed gold producer with A$2 billion (US$1.4 billion) in…
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…
Codelco chair puts profit ahead of copper output
Chile’s state-owned copper giant Codelco will prioritize profitability over production growth as it confronts heavy debt, declining output and governance challenges under new chairman Bernardo Fontaine. Fontaine, who became chairman…
Regis ends Vault chase, clearing way for Genesis deal
Australia’s Regis Resources (ASX: RRL) has abandoned its pursuit of Vault Minerals (ASX: VAU), clearing the way for Genesis Minerals’ (ASX: GMD) $3.9 billion (A$5.6-billion) takeover of the gold producer….
Carney seeks deeper Saudi mining, energy partnership
Canadian Prime Minister Mark Carney said Saudi Arabia could help drive growth in Canada’s mining and energy sectors as the two countries signed more than more than $1.4 billion (US$704…
Genesis trumps Regis with $3.9B takeover bid, 14% premium for Vault
Vault Minerals said its directors unanimously determined the new offer to be better than the all-stock agreement with Regis reached in May.
Ottawa’s $500M Red Chris bet tests BC grid
Ottawa’s $500-million (US$352 million) contribution to Newmont’s (NYSE, ASX: NEM; TSX: NGT) proposed Red Chris Block Cave has turned British Columbia’s northern power shortage into a live test of Canada’s…
Guardian may skip feasibility on $660M-value Nevada tungsten mine
Guardian Metal Resources (NYSE-A: GMTL; LSE-A: GMET; US-OTC: GMTLF) could start preparing to build its Pilot Mountain tungsten project by August next year on the strength of a new prefeasibility…
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…
Hyundai backs ioneer’s Nevada lithium-boron project
Shares in Australian lithium developer ioneer (ASX: INR) gained this week after securing support from two South Korean engineering and infrastructure groups for its Rhyolite Ridge project in Nevada, a…