Rio Tinto wants lithium assets, but not at current prices
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) chief executive Jakob Stausholm says the company continues to be “very interested” in finding lithium projects to add to its portfolio, but…
M&A
Gold Fields buys half of Osisko’s Windfall high-grade gold project in Quebec
Gold Fields (NYSE: GFI; JSE: GFI), the eighth-largest miner by market value, has joined with Osisko Mining (TSX: OSK) to back the Windfall gold project in Quebec, one of Canada’s…
Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…
Canada can’t build great mining companies fast enough to meet demand
Mining runs on M&A — one of the only constants in a business that’s full of uncertainty. Still, it’s been painful to watch so many home-grown metals and mining companies…
Wyloo tightens grip on nickel explorer Mincor
Wyloo Metals, a privately-held mining company owned by Australian billionaire Andrew Forrest, has secured control of nickel and gold explorer Mincor Resources (ASX: MCR) by locking in a 51.24% interest….
ASX-listed Essential Metals rejects Tianqi Lithium-IGO takeover bid
Essential Metals (ASX: ESS) shareholders have rejected a A$136 million (US$92 million) joint takeover bid led by China’s Tianqi Lithium and Australia’s IGO Ltd. (ASX: IGO). The outcome was, in…
Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
Australian court okays BHP takeover of OZ Minerals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Monday that the Federal Court of Australia had approved its A$9.6 billion (US$6.4 billion) takeover of copper-gold producer OZ Minerals (ASX:…
Proxy advisory firms greenlight Integra-Millennial merger
Two independent proxy advisory firms have thrown their weight behind the proposed at-market merger of Integra Resources (TSXV: ITR) and Millennial Precious Metals (TSXV: MPM), concluding Friday the deal represents…
Hudbay makes friendly bid for Copper Mountain amid M&A flurry
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC; ASX: C6C) have agreed to merge, creating a copper producing powerhouse with projects across the Americas, and Canada’s…
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
Video: Orezone Gold eyes acquisitions to expand from troubled Burkina Faso
Orezone Gold (TSX: ORE; US-OTC: ORZCF) is resolving a power shortage at its new Bomboré gold mine in coup-prone Burkina Faso as it considers acquisitions in West Africa. Bomboré, 85…