Lithium price surge unlikely to return: Fitch
The lithium market has entered a “new normal” period of stability with sustained price surges a thing of the past, analysts at FitchSolutions BMI said in a webcast Thursday. Falling…
Australia, NZ & South Pacific
Paladin Energy to acquire Fission Uranium for $1.1B in all-stock deal
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has agreed to be acquired by Australia’s Paladin Energy (ASX: PDN; US-OTC: PALAF) in an all-stock agreement valued at about $1.1 billion. The acquisition…
M&A activity shows we’re far from a market top in commodities
There’s a long-held fable within investing circles that surging M&A activity can (at times) signal a market top. So, how does that come about? Just like regular investors, major corporate…
Mineral Resources to shut Yilgarn iron ore hub
Australia’s Mineral Resources (ASX: MIN) will shut down its Yilgarn iron ore hub in Western Australia by the end of the year in a move that will affect about 1,000…
Sacked Nickel 28 CEO repays $3.2M
The CEO of a Canadian company with a small stake in a Papua New Guinea (PNG) nickel-cobalt mine is repaying about $3.2 million in shares and resigning from the board…
Winsome secures A$25M for Adina-Renard lithium development
Australia’s Winsome Resources (ASX: WR1) has raised A$25 million to advance its Adina lithium project in Quebec as the explorer pivots to become a project developer in the medium term….
Mali approves Leo Lithium’s stake sale to Ganfeng
Australia’s Leo Lithium (ASX: LLL) said the government of Mali had conditionally approved the sale of its remaining 40% stake in Mali Lithium to China’s Ganfeng Lithium for almost US$343…
Considering M&A? Here’s what to ask
A large copper miner in Chile only found it had been overpaying a royalty by a significant amount after three ownership deals and 20 years of operation, lawyer Greg McNab…
Sixth Fortescue executive quits in less than a year
Fortescue‘s (ASX: FMG) global growth director, Julie Shuttleworth, has become the sixth senior executive to leave the company in less than a year, after spending more than a decade at…
Mawson and Southern Cross getting back together
Mawson Gold (TSXV: MAW) and Southern Cross Gold (ASX: SXG) agreed to merge this week, creating a new dual ASX and TSXV-listed company named Southern Cross Gold after Mawson spun…
Inflection Resources uses space technology to search for copper in Australia’s Macquarie Arc
Vancouver-based Inflection Resources (CSE: AUCU; US-OTC: AUCUF) and Fleet Space are collaborating to use space technology and artificial intelligence to accelerate the discovery of large-scale copper-gold deposits in Australia’s Macquarie…
BHP, Spence mine workers reach initial wage deal
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has reached a preliminary wage agreement with workers at its Spence copper mine in Chile, which could avoid a planned strike at the…