M&A: $2.4B Aus coal deal sees Yancoal buy Kestrel mine
Yancoal expands in Queensland with Kestrel buy, boosting scale and premium metallurgical coal output.
M&A, Financing and Restructuring
Chalice taps Cutifani’s firm for Aus palladium push
Chalice Mining (ASX: CHN) has appointed Odin Partnership, founded by former Anglo American (LSE: AAL) chief Mark Cutifani, as a strategic adviser to advance its Gonneville palladium-nickel-copper project in Western…
Video at PDAC: MetalQuest seeks Lac Otelnuk iron project partner
MetalQuest Mining (TSXV: MQM; US-OTC: MQMIF) plans to update the 2015 feasibility study at its Lac Otelnuk iron ore project in northern Quebec after completing a gap analysis and stepping…
Video at PDAC: Cornish de-risks South Crofty for 2028 tin restart
UK-based Cornish Metals (AIM: TIN) is shifting work deeper underground at South Crofty and expects to line up senior debt within months as it pushes the Cornwall tin mine toward…
AOMC, Odyssey merge to build $1B deep-sea miner
American Ocean Minerals is merging with Odyssey Marine Exploration (Nasdaq: OMEX) in a reverse takeover that will create a roughly $1 billion market cap deep-sea mining company. The all-stock transaction…
PDAC Video: Meridian funds early Cabaçal works
Meridian Mining (TSX: MNO; US-OTC: MRRDF) has raised $57.5 million (US$41.5 million) to advance its Cabaçal copper-gold project in western Brazil. The February financing is to pay for long-lead equipment,…
PDAC Video: Mining’s real gap is productivity, McKinsey partner says
Mining can likely raise the $4.6 trillion (C$7 trillion) it needs to meet energy transition metals demand by 2035, but weak productivity may prove a hard barrier to cross, McKinsey…
Crescat knocks Canada’s flow-through funds as ‘blight’ on juniors
Canada’s flow-through share tax incentives, beloved by many in the mining industry, are facing sharp criticism from Denver-based Crescat Capital, one of the junior market’s biggest specialist hedge funds. That…
Video at PDAC: Seabridge narrows KSM partner search to one
Seabridge Gold (TSX: SEA; NYSE: SA) has narrowed the search for a partner to help develop the $6.4-billion (C$8.8-billion) capex KSM project, British Colombia’s largest, to one preferred but undisclosed…
Sibanye lawyer shot dead in suspected hit
A lawyer for Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) was shot and killed in central Johannesburg in what authorities say bears the hallmarks of a targeted attack. Chinette Gallichan, a 35-year-old…
SSR Mining sells Çöpler mine stake for $1.5B
SSR Mining (TSX: SSRM; Nasdaq: SSRM) shares rose 6.6% on Wednesday after the Canadian miner agreed to sell its 80% stake in Turkey’s Çöpler mine for $1.5 billion (C$2.07 billion)…
Gold M&A: Zijin unit gains control of rival Chifeng in $2.6B deal
Zijin Gold is acquiring a controlling stake in Chifeng Jilong Gold Mining for 18.3 billion yuan ($2.64 billion), reinforcing its position as China’s largest gold producer. The unit of Zijin…