JX Nippon increases ownership in troubled Caserones copper mine
Japan’s top smelter, JX Nippon Mining & Metals, is buying a stake in its majority-owned Caserones copper mine in Chile, which was put up for sale on Nov.9 by its partners in the…
M&A
Yamana to acquire Monarch Gold in $152M deal
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) is expanding its footprint in the precious metals-rich Abitibi region of Quebec by acquiring all shares in smaller rival Monarch Gold (TSX:…
Chairman offers to take Kazakhstan’s Kaz Minerals private
Oleg Novachuk and Vladimir Kim, the current and past chairman of Kaz Minerals (LSE: KAZ), are proposing a buyout offer of the pure-play copper company. Their company, Nova Resources, in…
Pilbara reveals plan to buy Altura for US$175M
Australian lithium producer Pilbara Minerals (ASX: PLS) has signed a conditional agreement with a group of lenders to buy embattled rival Altura Mining for US$175 million. The West Perth-based miner…
Nordgold-Shandong bidding war intensifies on ‘misleading’ statement from Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application…
Nordgold matches Shandong Gold’s offer for Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold miner matched Shandong’ s latest…
Atalaya acquires Masa Valverde polymetallic project in Spain
Atalaya Mining (TSX: AYM; LSE: ATYM) is acquiring the Masa Valverde polymetallic project in Spain for a total of €1.4 million (US$1.7 million) in cash from a private vendor. The…
SilverCrest acquires past-producing El Picacho silver-gold property
SilverCrest Metals (TSX: SIL) has acquired a 100% interest in the 71-sq.-km El Picacho property, located 40 km northeast of its flagship Las Chispas silver-gold development project in the state of Sonora,…
Nomad Royalty grows portfolio with US$45.8M Coral Gold acquisition
Nomad Royalty (TSX: NSR; US:OTC: NSRXF) has entered into a definitive arrangement agreement to acquire Coral Gold (TSXV: CLH; US-OTC: CLHRF) in a cash and share deal valued at US$45.8…
China approves merger of state-owned coal giants
China has approved the merger of two of Shandong province’s top state-owned coal miners, Shandong Energy Group and Yankuang Group. The combined company, China’s second-largest coal producer after China Energy…
Inomin Mines acquires La Gitana and Pena Blanca in Mexico
Inomin Mines (TSXV: MINE) has announced an agreement to acquire Gunpoint Exploration’s (TSXV: GUN) La Gitana and Pena Blanca gold-silver properties, located 100 km east of Oaxaca City, Mexico. Under the agreement,…
Southern Empire to acquire MAS Gold
Southern Empire Resources (TSXV: SMP) is set to acquire all of the issued and outstanding common shares of MAS Gold (TSXV: MAS). The terms of the deal are that each…