M&A: $2.4B Aus coal deal sees Yancoal buy Kestrel mine
Yancoal expands in Queensland with Kestrel buy, boosting scale and premium metallurgical coal output.
Stock Markets/Investing
Omai soars on gold resource update in Guyana
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) has lifted its contained gold by about 22% at its eponymous project in Guyana while upgrading about half the resource into stronger categories….
American Eagle bids for Pacific Booker to add BC asset
Canadian explorer American Eagle Gold (TSXV: AE; US-OTC: AMEGF) offered to buy Pacific Booker Minerals (TSXV: BKM; NYSE-MKT: PBM), arguing that the unsolicited deal offers a “new path forward” for…
Aura OKs Guatemala gold build with higher capex
Aura Minerals (Nasdaq: AUGO) is proceeding to build its Era Dorada project in Guatemala, marking an expansion into Central America, after increasing a capital cost forecast by as much as…
Prolonged Hormuz Strait closure would have ‘profound’ impact on mining: Friedland
Ivanhoe Mines (TSX: IVN) founder and co-chairman Robert Friedland is warning that a prolonged closure Strait of Hormuz would have a “profound” effect on global supply chains, hobbling copper producers…
Chalice taps Cutifani’s firm for Aus palladium push
Chalice Mining (ASX: CHN) has appointed Odin Partnership, founded by former Anglo American (LSE: AAL) chief Mark Cutifani, as a strategic adviser to advance its Gonneville palladium-nickel-copper project in Western…
M&A: Denarius targets Emerita in Spain’s zinc-copper belt
Denarius Metals (CBOE: DMET; US-OTC: DNRSF) offered to buy Emerita Resources (TSXV: EMO; US-OTC: EMOTF) in an all-share deal that would consolidate assets in Spain’s Iberian Pyrite Belt while adding…
Nouveau Monde raises $297M as Italy’s Eni takes stake
Nouveau Monde Graphite (NYSE: NMG; TSX: NOU) is raising $297 million (C$413 million) in a transaction that will see Italian energy giant Eni buy a 12% stake to help the Canadian…
Paladin targets 2027 uranium decision on Patterson Lake South
Australia’s Paladin Energy (ASX, TSX: PDN) expects making a final investment decision on its Patterson Lake South (PLS) uranium project in Saskatchewan by the end of 2027 as the company…
Gold price wins in Iran war, but not copper
The U.S.-Iran war may shave as much as 0.7% off the global economy and push gold prices higher as investors focus on a swelling U.S. deficit and a weaker dollar,…
Peru pulls permit for $1.8B Tia Maria copper mine
Peru has revoked Southern Copper’s (NYSE, LSE: SCCO) permit for its $1.8-billion Tía María project, forcing a fresh review of one of the country’s most contentious copper developments. The Ministry…
Barrick signals deal push amid strategic reset
Barrick Mining (TSX: ABX; NYSE: B) is pivoting back to acquisitions and retreating from higher-risk regions, reversing a decade-long strategy that emphasized expansion across Africa and Asia. Chairman John Thornton…