Update: BHP won’t match Wyloo offer for Noront
Noront Resources (TSXV: NOT) has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, giving BHP (NYSE: BHP; LSE: BHP; ASX: BHP) five…
BHP
Noront picks Wyloo’s latest offer, gives BHP five days to match
Noront Resources (TSXV: NOT) said today it has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, but has given BHP (NYSE: BHP;…
Noront to negotiate with Wyloo on sweetened offer
Noront Resources (TSXV: NOT) said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s sweetened acquisition bid, which has reignited a long-dragge-out…
South32 locks 45% stake in Sierra Gorda copper mine
South32 (LSE: S32; ASX: S32; JSE: S32) says it will proceed with the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile, as project partner KGHM…
SolGold delays prefeasibility study for Cascabel again
SolGold (TSX: SOLG; LSE: SOLG) announced it will delay the release of the prefeasibility study for its flagship Cascabel copper-gold project in Ecuador. The mining company said the delay will…
Zijin Mining plans to produce copper at its Buritica gold mine
Zijin Mining, China’s No.1 gold producer, is fine-tuning plans to boost the capacity of its Buritica gold mine in Antioquia, Colombia, to produce copper and zinc as well as gold…
SolGold taps former BHP executive as new CEO
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) has named former BHP executive Darryl Cuzzubbo as the company’s new boss, as the junior works to improve relations between the board and its…
Canada’s Saskatchewan adds lithium to mining portfolio
Prairie Lithium, a private lithium resource and technology developer situated in the heart of Saskatchewan’s resource-rich Williston Basin, reached a milestone this week as it finished drilling the province’s first…
BHP extends Noront bid deadline amid talks with Wyloo
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has extended the deadline for Noront Resources’ (TSXV: NOT) investors to accept or refuse its bid from November 16 to the end of…
BHP sheds more Australian coal mines in US$1.35 billion deal
BHP (NYSE: BHP: LSE: BHP; ASX: BHP) has inked a deal to divest up to US$1.35 billion in metallurgical coal assets in Australia, as part of the world’s largest miner…
Protests force Peru’s largest copper mine to halt operations
Operations at Peru’s Antamina copper and zinc mine, jointly owned by Glencore (LSE: GLEN), BHP (NYSE: BHP; LES: BHP; ASX: BHP), Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) and Mitsubishi, were…
Battle for Noront Resources heats up with sweetened offer from BHP
The world’s largest miner is now offering C$0.75 per share of Noront, representing a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noront’s unaffected price.