Vale to sell Manitoba nickel complex to investor group
Brazilian mining giant Vale (NYSE: VALE) is selling control of Manitoba’s Thompson nickel mine complex to a trio of investors that agreed to inject up to US$200 million ($280 million)…
M&A
AngloGold invests $39M in Thesis for 5% stake
AngloGold Ashanti (NYSE: AU) has taken up a 5% stake in Thesis Gold (TSXV: TAU), whose main project is the Lawyers-Ranch site in northern British Columbia. The major is to…
Glencore doubles down on copper, keeps M&A in play
Glencore (LSE: GLEN) is stepping up its copper ambitions in the Democratic Republic of Congo and beyond, even as it posted a third straight annual earnings decline, while keeping the…
Podcast: Glencore-Rio Tinto merger challenged by complexity, ft Bloomberg Intelligence’s Olsha
This week’s episode features Alon Olsha, Senior Analyst for Metals & Mining at Bloomberg Intelligence, in conversation with host Adrian Pocobelli about the recent failed merger discussions between Rio Tinto…
Australia’s Genesis expands in Laverton with US$449M Magnetic Resources buy
Australian gold miner Genesis Minerals (ASX: GMD) is expanding its footprint in the Laverton gold district with the acquisition of Magnetic Resources (ASX: MAU) in a cash-and-stock deal valued at…
BHP-Lundin Vicuña JV’s copper-gold district potential hits $9B value
A new study for the Vicuña joint venture between BHP (ASX, LSE, NYSE: BHP) and Lundin Mining (TSX: LUN) that straddles the Argentina-Chile border positions the 70-year copper-gold-silver project in the…
BHP leans on copper growth, not big deals
CEO Mike Henry said there’s no urgent need for deals as the company aims for 2.5 million tonnes of copper equivalent annually.
Zanaga Iron lines up $25M in deal with Red Arc
Zanaga Iron (LSE: ZIOC) has signed a binding term sheet with Red Arc Minerals that could see up to $25 million invested to advance its namesake iron ore project in…
Anglo flags third De Beers writedown
Anglo American (LSE: AAL) is weighing a third writedown of De Beers in as many years as weak diamond prices persist and the miner advances asset sales ahead of its…
Rio Tinto, Glencore nix $260B mega-merger
Rio Tinto (ASX, LSE, NYSE: RIO) and Glencore (LSE: GLEN) have scrapped plans for a $260-billion merger that would have created the world’s largest mining company. In a statement on Thursday,…
Serra Verde signs $565M US deal for rare earths mine
Latin America’s sole rare earths miner Serra Verde has closed a $565-million funding package with the United States that could carve out a minority equity stake for Washington. The deal…
Glencore to sell 40% stake in DRC mines to US group
Glencore (LSE: GLEN) has entered a non-binding deal for the potential sale of a 40% stake in its mine assets in the Democratic Republic of Congo to the Orion Critical…