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
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.
Kodal ships first lithium from Mali to China
Kodal Minerals (LSE: KOD) says it has completed its first shipment of lithium spodumene concentrates produced at its Bougouni mine in southern Mali to its offtake partner in China. A…
Montage acquires African Gold for $170M
Montage Gold (TSX: MAU, US-OTC: MAUTF) is acquiring Australia’s African Gold (ASX: A1G) in a move that expands the company’s presence in Côte d’Ivoire and adds nearly 1 million oz….
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 gets Canada security OK: report
Canada’s federal government has cleared Anglo American’s (LSE: AAL) proposed combination with Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) on national security grounds, The Globe and Mail reported, citing an…
Canada orders security review of Anglo-Teck merger
Canada has launched a national security review of the proposed merger between Anglo American (LSE: AAL) and Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Industry Minister Melanie Joly said on…
Endeavour Silver sells Bolañitos for $50M
Endeavour Silver (NYSE: EXK; TSX: EDR) has agreed to sell its Bolañitos mine to Guanajuato Silver (TSXV: GSVR) in a deal worth up to $50 million, as it looks to…
Highland Copper exits White Pine project for $30M
Highland Copper (TSXV: HI) is selling its 34% stake in the White Pine North project to private equity firm Kinterra, its joint venture partner, to focus solely on its main…
Osisko sells Mexican gold asset, keeps key stake
Osisko is selling its non-core San Antonio gold project to Axo Copper, retaining a 9.99% stake in the buyer.
BHP exits latest approach to buy Anglo, adding twist to merger saga
BHP (NYSE, LSE, ASX: BHP) has made another approach to buy Anglo American (LSE: AAL) despite the London-listed miner’s proposed merger with Canada’s Teck Resources (TSX: TECK.A/TECK.B). On Sunday, BHP,…
Aris pays $80M for full ownership of Soto Norte
Aris Mining (TSX: ARIS; NYSE-A: ARMN) has gained full ownership of the Soto Norte gold project in Colombia after reaching an $80-million deal to buy out the remaining 49% joint…