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.
Regulatory Issues
Canada fast-tracks Newmont, Foran projects
Canadian Prime Minister Mark Carney has named Newmont’s (TSX: NGT; NYSE: NEM) Red Chris copper-gold mine expansion in British Columbia and Foran Mining’s (TSXV: FOM) McIlvenna Bay copper project in…
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…
Beaver Creek: ‘Paper gold is over’ as BRICS build dollar-free payments
Beaver Creek, Colo. – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S….
Foran secures $70M in Sask. tax credits
Foran Mining (TSX: FOM; US-OTC: FMCXF) says it has secured up to $70 million (US$51 million) in Saskatchewan provincial tax credits to support the development of its McIlvenna Bay project…
Higher costs pinch Indonesian nickel producers
A persistent nickel ore shortage in Indonesia is raising costs for producers even as a wider global surplus in the refined metal caps prices, according to a market summary this…
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,…
Panama to discuss First Quantum copper mine restart
Panama may open talks early next year with First Quantum Minerals (TSX: FM) on the possible restart of its shuttered Cobre Panamá copper mine. Commerce Minister Julio Moltó told local…
Rio Tinto, partners score major tax break on Simandou
Rio Tinto (ASX, LSE: RIO) and its partners in Guinea’s Simandou iron ore project have reportedly secured corporate tax concessions worth more than half off the standard rate for key…
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…
Beaver Creek: Policy is the new geology, panel hears
Beaver Creek, Colo. – The single biggest driver of returns now isn’t what’s in the rock, it’s what’s on the books, a panel heard on Tuesday at the Precious Metals…
Gold price hits record after Trump nixes tariff
The gold price hit a new high on Monday as the U.S. implemented a presidential order exempting key minerals including gold bullion, graphite, tungsten and uranium from tariffs. The White…