Glencore offers to buy rest of PolyMet for US$71M
Mining and commodities giant Glencore (LSE: GLEN) has offered PolyMet Mining (TSX: POM; NYSE: PLM) to buy the company’s shares it does not already own for US$2.11 in cash each,…
M&A
Endeavour sells non-core Burkina Faso mines as it reportedly hunts for other assets
Endeavour Mining (TSX: EDV; LSE: EDV) said Friday it had sold its 90% interests in the Boungou and Wahgnion gold mines in Burkina Faso for about US$300 million, as part…
Hudbay triples land holding in Manitoba with Rockcliff buy
Canada’s Hudbay Minerals (TSX: HBM; NYSE: HBM) has inked a deal with Rockcliff Metals (CSE: RCLF; US-OTC: RKCLF) to acquire all the shares it doesn’t already own in the copper-focused…
Mining deal-making declines, but Beaty and others see opportunities
As the value of mining industry mergers and acquisitions falls from last year’s high, some investors see divergent trends moderating conditions. They say share prices are reasonable or low for…
Lithium One Metals and Norris Lithium to merge
Deal combines two parallel lithium exploration portfolios focused on the active and high-profile James Bay lithium belt in Quebec.
Alpha Lithium rejects buyout bid by Spanish firm
Tecpetrol said it was prepared to engage with Alpha “immediately” and improve its $178 million (C$241m) all-cash offer.
Newcrest Mining agrees to reunite with gold giant Newmont
Newmont (NYSE: NGT; TSX: NEM) and Newcrest Mining (TSX: NCM; ASX: NCM) are getting back together after being separated for more than 30 years. Newcrest, which started as an Australian…
Silvercorp to buy copper-gold focused junior Celsius Resources
Silvercorp Metals (TSX: SVM) is moving towards being a diversified precious-base metals producer with the signing of a preliminary agreement to acquire Australia’s Celsius Resources (ASX: CLA) in a stock-plus-cash…
Glencore bid for Teck faces stiff Canuck rules, pride as mining M&A activity triples
Glencore (LSE: GLEN) faces an uphill battle to buy Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) because of Canadian nationalism despite surging mergers and acquisitions in the critical minerals space. The…
Livent, Allkem create world’s No. 3 lithium miner in US$10.6B merger
Lithium firms Allkem (ASX: AKE) and Livent (NYSE: LTHM) are shaking up the sector by merging to form the world’s third-largest miner of the key metal used in the batteries that power…
Fortuna Silver to buy West Africa-focused Chesser Resources for US$60M
Canadian miner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is expanding its footprint in West Africa with the acquisition of Australian gold junior Chesser Resources (ASX: CHZ) for slightly over…
Gold Fields deal gives Osisko option to fast-track high-grade gold at Windfall
The Windfall gold project in Quebec, boosted last week by a $600-million investment by Gold Fields (NYSE: GFI; JSE: GFI), may tweak plans to increase first-year production by a third,…