BHP’s latest bid for Anglo topped $53B: report
The world’s largest miner offered £34/share (approx. $42.5), a 24% premium to Anglo’s £27.36 close, but it was not enough to succeed.
M&A, Financing and Restructuring
Barrick eyes IPO of North American gold assets
A North American spinout would offer investors access to the miner’s Nevada operations, Pueblo Viejo, and Fourmile project.
SolGold rejects Jiangxi takeover amid copper frenzy
The copper miner said it was second takeover approach from Jiangxi Copper in less than a week.
Anglo-Teck deal hangs on redomiciling: Globe
The federal government is pressuring Anglo American (LSE: AAL) to become legally Canadian on top of moving its headquarters to Vancouver as it scrutinizes the British miner’s $50-billion (C$69-billion) bid…
Skyharbour, Denison strike $61.5M pact
Skyharbour Resources (TSXV: SYH) has formed four joint ventures with Denison Mines (TSX: DML; NYSE-A: DNN) at its Russell Lake uranium project in Saskatchewan’s Athabasca Basin. Denison plans to invest…
Ottawa, Manitoba boost Churchill for mineral trade
Ottawa and Manitoba are increasing support for the Port of Churchill to advance rail upgrades, add critical minerals storage and push a northern export corridor for Canadian miners. The joint…
Gold Fields doubles Windfall capex to $1.9B
Gold Fields (NYSE, JSE: GFI) says developing the Windfall gold project in Quebec still makes sense even though it may cost more than double a 2022 estimate. The company expects…
US plan to boost Africa mining ties needs work: analyst
Recent United States initiatives aimed at developing closer ties with resource-rich African countries to break China’s stranglehold on critical minerals processing are still a long way from paying off, according…
Lundin Mining lifts copper outlook, cuts costs
Canada’s Lundin Mining (TSX: LUN) has raised its forecast for full-year copper output and cut its costs outlook after stronger-than-expected performance at its Caserones mine in Chile. Lundin, which generated…
Nutrien weighs phosphate unit sale
Canada’s Nutrien (TSX, NYSE: NTR), the world’s top potash producer, is reviewing its phosphate business as part of a strategy to simplify operations and boost long-term value. The review could…
Bottlenecks slow US copper supply ambitions
The United States’ effort to build a secure domestic supply of copper is running headlong into environmental review and legal disputes – illustrating the tension between energy transition goals and…
Kore Potash weighs sale to advance Congo mine
Kore began a formal sale process after announcing in June it was seeking a potash-savvy operator and partner.