O3 Mining investor knocks Agnico offer
A minority shareholder in O3 Mining (TSXV: OIII) is urging Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to sweeten its all-cash offer for the company, saying the current proposal significantly undervalues…
M&A
Rio Tinto, Glencore in M&A talks: Bloomberg
Rio Tinto (NYSE, LSE, ASX: RIO) and Glencore (LSE GLEN) have been discussing combining their businesses, according to people familiar with the matter, Bloomberg reported. The Australian mining giant and…
Zijin offers US$1.9B for 25% of China lithium miner
Chinese copper and gold producer Zijin Mining Group is proposing to buy a quarter of compatriot Zangge Mining for 13.7 billion yuan (US$1.9 billion), the companies said. The deal would…
Minerals 260 buys $150M Aus gold project from Zijin
Junior explorer Minerals 260 (ASX: MI6) says it will acquire the brownfield Bullabulling gold project in Western Australia from Chinese diversified major Zijin Mining (SH: 601899) for A$166.5 million ($147.9…
Cleveland-Cliffs seeks US Steel with Nucor: CNBC
Cleveland-Cliffs (NYSE: CLF) is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire US Steel (NYSE: X), CNBC reported on Monday. This development follows the Biden…
Mosaic to sell Brazilian phosphate mine for US$125M
Tampa-based fertilizer company Mosaic (NYSE: MOS), the world’s fourth-largest potash producer, said on Monday that it has agreed to sell a phosphate mine and tailings dams in Brazil to local…
Zijin in talks to buy US$6.4B China lithium miner
Chinese copper and gold producer Zijin Mining Group (HK: 2899) revealed on Friday it is in talks with Zangge Mining’s top two shareholders to buy a controlling stake in the lithium…
Nippon Steel to sue Washington after Biden blocks US$14.1B US Steel deal – Nikkei
Nippon Steel says it will sue the United States government, challenging the procedures behind President Joe Biden’s order to block its acquisition of US Steel, Japan’s Nikkei business daily reported….
Mako to acquire Moss gold mine in Arizona
Mako Mining (TSXV: MKO; US-OTC: MAKOF) said this week it intends to acquire the Moss gold mine in Arizona from EG Acquisition, a company established by Mako’s main shareholder, Connecticut-based Wexford Capital. …
ACG’s US$200M in bonds to finance Turkey copper mine
ACG Metals (LSE: ACG), founded by a mining executive who helped create aluminum giant Rusal, plans to raise US$200 million in bonds to help fund the Turkish copper mine it bought…
Triple Flag to net Tres Quebradas lithium project royalty
Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) will buy an existing 0.5% gross overriding revenue royalty on the construction-stage Tres Quebradas lithium project in northern Argentina from Lithium Royalty…
Arcadium Lithium investors sue it for negligence over US$6.7B Rio Tinto takeover
Arcadium Lithium (NYSE: ALTM; ASX: LTM) is facing legal challenges after shareholders filed lawsuits alleging misrepresentation and negligence linked to Rio Tinto’s (ASX, LON, NYSE: RIO) US$6.7-billion takeover. Philadelphia-based Arcadium…