Noront picks Wyloo’s latest offer, gives BHP five days to match
Noront Resources (TSXV: NOT) said today it has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, but has given BHP (NYSE: BHP;…
Articles by Cecilia Jamasmie
Rio Tinto picks outgoing Canadian ambassador to China as chairman
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has picked outgoing Canadian ambassador to China and veteran management consultant Dominic Barton to lead its board as the miner tries to…
Chilean miners ask leftist president-elect to foster country’s industry
A leftist millennial who rose to prominence during anti-government protests in 2019 was elected as Chile’s next president on December 19, following a bruising campaign against a free-market and anti-immigrants…
Global coal use to hit record high despite climate fight
Global coal-fired power generation is expected to rise 9% and hit an all-time high by the end of 2021, despite efforts to slash carbon emissions, the International Energy Agency said…
MMG shuts down Las Bambas copper mine as talks fail
Chinese miner MMG (HKG: 1208) is ending copper production from its Las Bambas mine in Peru on December 18 after talks with locals to end a 27-day road blockade, the latest…
IGO to buy Western Areas for A$1.1B amid soaring nickel demand
Australian nickel and lithium miner IGO (ASX: IGO) is buying rival Western Areas (ASX: WSA) in an all-cash deal valued at A$1.1 billion (about US$793 million), marking what could be…
Petra Diamonds to sell half its stake in Williamson mine
Tanzanian technical services contractor Caspian is paying $15 million for a 31.5% stake in the mine.
Noront to negotiate with Wyloo on sweetened offer
Noront Resources (TSXV: NOT) said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s sweetened acquisition bid, which has reignited a long-dragge-out…
Eldorado Gold eyes further growth outside Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) says it has completed key growth projects at two of its assets — the Lamaque mine in Val d’Or, Quebec, and the Kışladağ gold…
Rio Tinto to write off US$2.3B Oyu Tolgoi loan to Mongolia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will cancel a US$2.3 billion debt owed by Mongolia as part of the government’s share of the development costs for the giant…
Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
Anglo American flags major design changes at UK fertilizer project
Anglo American (LSE: AAL; US-OTC: AAUKF) has flagged major design changes to the vast fertilizer project being built beneath the North Yorks Moors national park in England, which it acquired last…