Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
M&A, Financing and Restructuring
Glencore opens door to better bid in letter to Teck Class B shareholders
Glencore (LSE: GLEN) raised on Wednesday the prospect of improving its US$23.1 billion takeover bid for Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), provided that shareholders reject the Canadian miner’s plan to…
Billionaire Robert Friedland urges Canada to protect Teck from ‘foreign predators’
He warned Canada should not take lightly Glencore’s attempted takeover of Teck, which has a track record of supporting local juniors.
Troubled Pure Gold mine in Red Lake finds a buyer
West Red Lake Gold Mines (TSXV: WRLG; US-OTC: WRLGF) has inked an agreement with Sprott Resource Lending Corp. and Pure Gold Mining and to acquire all of the issued and…
Teck attracts bids from Vale, Anglo American and Freeport
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is said to have been approached by Vale (NYSE: VALE), Anglo American (LSE: AAL) and Freeport-McMoRan (NYSE: FCX) on potential deals for the…
Proxy advisory firms greenlight Integra-Millennial merger
Two independent proxy advisory firms have thrown their weight behind the proposed at-market merger of Integra Resources (TSXV: ITR) and Millennial Precious Metals (TSXV: MPM), concluding Friday the deal represents…
Teck separation increasingly in question
Teck Resources‘ (TSX: TECK.A/TECK.B; NYSE: TECK) board has unanimously rejected the latest cash-sweetened bid Glencore (LSE: GLEN) lodged on Tuesday, resolving instead to hasten its exit from the coal business….
Sabina’s shareholders back takeover by B2Gold
Sabina Gold & Silver’s (TSX: SBB; US-OTC: SGSVF) shareholders have approved an almost $1.2-billion takeover offer by fellow Canadian miner B2Gold (TSX: BTO; NYSE: BTG), which is expected to boost…
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…
Stuart ‘Tookie’ Angus remembered as a ‘rainmaker,’ mentor, and ‘brilliant’ lawyer
The Howe Street investment community is grieving the loss of industry veteran Stuart ‘Tookie’ Angus. Angus, who leaves a deep mark after a 50-year career in the industry, peacefully passed…
Video: B2Gold doubles down on North American gold
Canadian Mining Journal Editor-in-Chief Tamer Elbokl talks to B2Gold’s president and CEO, Clive Johnson, during the recent PDAC convention in Toronto. Johnson discusses B2Gold’s recent move to buy Sabina Gold…
FPX Nickel and Japan agree to explore globe for ‘disruptive’ awaruite
Japan plans to fund global exploration by Canada-based FPX Nickel (TSXV: FPX; US-OTC: FPOCF) to find low-carbon awaruite while earning into its Klow project in British Columbia, according to a…