Glencore to sell stake in troubled New Caledonia nickel operation
Glencore (LSE: GLEN) said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS (KNS) business it co-owns in New Caledonia, as a sharp drop…
Glencore
Metals Acquisition IPO Down Under goes over forecast
Metals Acquisition (NYSE: MTAL.U) has raised A$325 million ($285 million) through a new listing in Australia that will help pay for the billion-dollar purchase of the CSA copper mine there. The…
Big backers see promise in Nunavut gold
BG Gold, flush with $8.2 million in a new private capital raising from major industry investors, is preparing to drill this spring at its Whale Cove project in Nunavut. …
Eldorado Gold buys 9.9% of Amex Exploration to boost Perron project in Quebec
Eldorado Gold (TSX: ELD; NYSE: EGO) is buying almost 10% of Amex Exploration (TSXV: AMX; US-OTC: AMXEF) to advance the Perron gold project in the same northern Quebec district as…
China’s CMOC attains cobalt output crown
Rising output from a new African mine helped China’s CMOC Group become the world’s largest cobalt producer over Glencore (LSE: GLEN). CMOC produced 55,526 tonnes of cobalt last year in…
The biggest global mining news of 2023
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold’s…
Cash-strapped Horizonte secures US$20M to advance Araguaia nickel project in Brazil
Nickel developer Horizonte Minerals (AIM: HZM; TSX: HZM) has tapped Glencore (LSE: GLEN), Orion Mine Finance Management and London-based La Mancha Resource Capital for $US20 million to advance the Araguaia…
Anglo American’s falling shares fuel takeover rumours
Speculation about Anglo American (LSE: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to…
Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14. Under the deal, which still must…
CMS: State should ‘stay out of the way,’ Garofalo says
Investors must back junior explorers to reverse the global trend of falling gold production while governments should give the industry leeway, Gold Royalty (NYSE: GROY) CEO David Garofalo says. The…
CMS: Ex-Teck CEO Lindsay touts coal sale to boost stock
Don Lindsay, who led Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) for 17 years, backed the company’s case behind selling coal assets to recoup billions in valuation. Teck’s Quebrada Blanca 2…
Ring of Fire Metals, Mincor to fly under Wyloo banner
Ring of Fire Metals, Wyloo Metals, and Mincor Resources (ASX: MCR) are unifying under the brand name “Wyloo” as the company becomes the largest pure-play nickel producer outside of Russia….