Anglo American rejects BHP’s third, US$49.2B bid
Anglo American (LSE: AAL) rejected on Wednesday a third takeover bid by BHP (ASX: BHP) that valued the company at US$49.2 billion (£38.6 billion), but it has agreed to extend…
Intelligence
Chinchillas fluster Gold Fields’ Chile plans
Gold Fields has 10 days to prove there are no rodents living in the Salares Norte mine area or it will face fresh sanctions.
Anglo American to sell De Beers, Amplats after latest BHP bid
Anglo American (LSE: AAL), the takeover target of mining giant BHP (ASX: BHP), has yielded to pressure from investors by announcing plans to sell some of its legacy assets in…
Boliden to restart Europe’s largest zinc mine
Swedish miner Boliden (STO: BOL) plans to resume production at its Tara zinc mine in northeast Ireland after reaching an agreement with unions to lower costs, which will cut of…
Anglo American copper assets worth US$35B: analyst
BHP’s (ASX, LSE, NYSE: BHP) bold move last week to approach Anglo American (LSE: AAL) with an unsolicited US$39 billion takeover offer has as its main objective to grab copper…
Ecuador court issues setback for US$3B copper project
Licence has not been revoked, which means there’s still a chance for the Llurimagua project to become Ecuador’s next big copper mine.
First Quantum to shut Ravensthorpe nickel mine
Canadian miner First Quantum Minerals (TSX: FM) has decided to close its Ravensthorpe nickel operation in Western Australia. The ceasing of operations at the mine this week will cut around…
Anglo American rejects BHP’s ‘undervalued’ US$39B bid
Anglo American (LSE: AAL) has rejected a US$39 billion takeover proposal from BHP (LSE: BHP; NYSE: BHP; ASX: BHP) that requires Anglo to divest its platinum and iron ore businesses…
Rio Tinto to favour building new copper mines over M&A, exec says
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will prioritize developing new copper mines over acquiring new ones to achieve its goal of producing 1 million tonnes of the metal…
Paladin Energy kicks off uranium production at restarted mine in Namibia
Paladin Energy (ASX: PDN) says it’s begun producing and drumming uranium concentrate at its Langer Heinrich mine in Namibia, adding it would now focus on ramping up operations and building…
Endeavour’s probe into former CEO finds US$15M of “disguised” payments
An internal investigation into Endeavour Mining’s (TSX: EDV; LSE: EDV) former chief executive Sébastien de Montessus has concluded he intentionally concealed payments totalling US$15 million to an undisclosed third party…
Northern Star seeks to expand the already massive gold ‘Super Pit’
Northern Star Resources (ASX: NST), the owner of Western Australia’s biggest open-pit gold mine, the Super Pit, is seeking approval for a significant expansion to the already massive operation. The…