USA Rare Earth to raise $3.1B as US takes 10% stake
The United States government is acquiring 10% of USA Rare Earth (Nasdaq: USAR) – its fourth equity stake in a miner since last July – as part of about $1.6-billion…
M&A
Zijin agrees to buy Canada’s Allied Gold for $4B in cash
Zijin Gold agreed Monday to buy Canada’s Allied Gold (TSX, NYSE: AAUC) in a friendly all-cash transaction valued at about $5.5 billion (US$4 billion) as the Chinese miner ramps up…
ERG earmarks $1B for Kazakhstan operations
Eurasian Resources Group (ERG) plans to invest more than $1 billion in its mining and metallurgical assets in Kazakhstan, the largest investment in ERG’s projects in the Central Asian country…
YMP’s Eira Thomas Award: Geology, finance fuel Liu
Vicky Liu started at UBC with the “naïve science student aim” of potentially going into medicine, but geology pulled her in. “It became really clear to me about a year or…
Politics replaces prices as mining’s main driver: survey
Geopolitical events steered the world’s attention on the mining sector in 2025, highlighting the persistent supply chain risks that the industry has overlooked for years. In 2026, all eyes are…
Energy Fuels buys ASM in $300M rare earths deal
Energy Fuels (NYSE: UUUU; TSX: EFR) is to acquire rare earth metals producer Australian Strategic Materials (ASX: ASM) in a share deal valued at US$299 million. Energy Fuels shares rose. …
Rio Tinto copper output rises as merger talks loom
Rio Tinto’s (ASX, NYSE, LSE: RIO) copper production rose 5% in the fourth quarter as a surge from Mongolia’s Oyu Tolgoi underground expansion more than offset weaker output at Chile’s…
Copper at heart of probable Rio bid for Glencore: RBC
Investors are increasingly expecting Rio Tinto (NYSE, LSE, ASX: RIO) to make an all-share offer for Glencore (LSE: GLEN) in a deal driven by the will to control future copper…
Latin America grabs most M&A: McKinsey
Global mining mergers and acquisitions hit about $30 billion in the first three quarters of 2025, with 74% of deal value flowing to Latin America as investors retreat from higher-risk…
Founders Metals boosts land holding, drilling
Founders Metals, (TSXV: FDR; US-OTC: FDMIF) one of the most advanced gold explorers in Suriname, heads into the new year backed by Gold Fields (NYSE, JSE: GFI) and with more exploration planned at its Antino project on a land package that has almost tripled…
Glencore holds merger talks with Rio
Rio Tinto (NYSE, LSE, ASX: RIO) and commodities trading giant Glencore (LSE: GLEN) are holding preliminary talks about combining some or all of their businesses in a deal that could…
BlueScope Steel rejects $8.8B takeover offer
BlueScope Steel (ASX: BSL) has rejected an $8.8 billion takeover bid by U.S. steelmaker Steel Dynamics (Nasdaq: STLD) and Australian conglomerate SGH (ASX: SGH), accusing the bidders of trying to buy…