BHP to shutter Australia coal mine, lay off 750 workers
BHP (ASX, NYSE LSE: BHP) plans to close its Saraji South joint venture coal mine in Australia and lay off about 750 workers amid weak coal prices and high royalties…
M&A
Anglo, Codelco seal pact to mine $5B in Chilean copper
Anglo American (LSE: AAL) Chile’s state-owned copper miner Codelco have sealed a landmark deal to jointly operate their neighbouring mines in central Chile, unlocking at least $5 billion in value….
Alamos ends $1B fight in Turkey with $470M sale
Alamos is selling its Turkish subsidiary to Middle East-based Tumad Madencilik Sanayi, a unit of Nurol Holding.
Newmont sells Coffee gold project for $150M
Newmont (NYSE: NEM) has agreed to sell its Coffee gold project in Yukon to Fuerte Metals (TSXV: FMT) for up to $150 million (C$207 million), completing a year-long divestment plan….
New gold explorer M&A in northern Europe
First Nordic Metals (TSXV: FNM), which includes Agnico Eagle Mines (TSX, NYSE: AEM) among its backers, has agreed to acquire Mawson Finland in an all-share deal that will bring together…
MMG’s $500M Anglo nickel deal faces EU doubts
China-backed miner MMG expects to secure European approval for its $500-million bid to buy Anglo American’s nickel assets, even as regulators question Beijing’s grip on critical mineral supply chains. Troy…
Barrick sells Hemlo Gold mine for $1.1B
Barrick Mining (NYSE: B; TSX: ABX) has agreed to sell its last operating gold mine in Canada, marking a significant milestone as the company shifts its focus towards copper. The…
Anglo-Teck deal seen spurring rival bids: analysts
Anglo American’s (LSE: AAL) proposed acquisition of Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK) could end up putting both companies in play as rival miners scramble to find large-scale copper assets,…
Anglo, Teck strike $50B merger in decade’s top deal
Anglo American (LSE: AAL) is acquiring Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK), Canada’s largest diversified miner, in a $50-billion (C$69-billion) all-share deal that would create the world’s fifth-largest copper…
Agnico sells out of Orla for $560M
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest gold miner by output and market value, has sold its 11% stake in Orla Mining (TSX: OLA; NYSE: ORLA) for nearly $561 million…
Centerra buys 9.9% of Liberty to expand Idaho bet
Centerra Gold (TSX: CG, NYSE: CGAU) agreed to buy 9.9% of Liberty Gold (TSX: LGD; US-OTC: LGDTF) for about $28 million to add a stake in a junior miner that’s…
New Found Gold buys Maritime for $292M
New Found Gold (TSXV: NFG; NYSE-A: NFGC) is acquiring Maritime Resources (TSXV: MAE) in a deal valued at about $292 million (US$212 million) that would create a multi-asset gold producer…