Botswana threatens break-up with De Beers in push for better deal
Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango…
2023
Cleveland-Cliffs forecasts Q2 headline earnings ‘multiple times higher’
U.S.-based integrated steelmaker Cleveland-Cliffs (NYSE: CLF) has signalled to the market it expects to report first-quarter 2023 revenues of about US$5.2 billion after it shipped 4.1 million net tons of…
The Northern Miner Podcast: Digital mine adds productivity and safety, ft Epiroc’s Dawn Larsen
This week’s episode features Epiroc Canada digital solutions manager Dawn Larsen in conversation with host Adrian Pocobelli on the latest development in mine digitalization. Dawn explains how a digital roadmap…
Newmont makes ‘best and final’ bid for Newcrest
The world’s largest gold producer Newmont (NYSE: NEM; TSX: NGT) has upped its bid for Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) to US$21.2 billion from the original implied value…
General Motors to invest US$50M in lithium startup EnergyX
General Motors’ venture capital arm will lead a US$50 million financing round for EnergyX, which is developing a more efficient method to extract lithium from salt beds. According to company…
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
Glencore to open lithium batteries recycling plant in Spain and Portugal
Swiss miner and commodities trader Glencore (LSE: GLEN) is joining forces with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to offer lithium-ion battery recycling services in Spain…
One of Teck Resources’ top investors backs separation plan
Egerton Capital UK, one of Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) top investors, has committed to support the Canadian miner’s intention to separate its base metals and coal businesses and…
TNM Drill Down: Osisko Mining leads week’s gold assays at Windfall project in Quebec
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company…
Teck Resources calls Glencore bid a ‘non-starter’ in restructuring push
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) urged investors on Monday to support its plan for splitting into two companies at a vote later this month, adding that Glencore’s (LSE: GLEN)…
Glencore ups stake in Polymet to 82% through US$195M rights offering
PolyMet Mining (TSX: POM) says it has completed one of the largest rights offering on the market. Under the offering, PolyMet shareholders had the right to acquire roughly 0.91 of…
TSX drifts higher over holiday-shortened Apr. 3-6 trading week
Over the Good Friday-shortened Apr. 3-6 trading week, the S&P/TSX Composite Index inched up 96.8 points or 0.5% to 20,196.69. The S&P/TSX Global Mining Index added 0.41 points or 0.4%…