Rio Tinto has not ruled out Anglo American bid: report
While Rio has a smaller market capitalization than rival BHP, it’s large enough to make an all-share offer for some or all of Anglo American.
Europe
South Africa wins battle for US$43M sunken silver bars
Finders are not always keepers, as proven by the United Kingdom’s Supreme Court ruling on who owns about US$43 million worth of silver bullion recovered from a sunken cargo ship….
Eurobattery Minerals to acquire majority stake in Spanish tungsten miner
Swedish miner Eurobattery Minerals (FRA: EBM) has signed a non-binding letter of intent to invest €2.5 million ($3.7 million) in Spanish company Tungsten San Juan (TSJ) and obtain 51% ownership…
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…
Aluminum: the copper grid alternative
From the humble drink can to the airframe of an F-16 fighter jet, aluminum’s role in the global economy is diverse and critical. Like copper, aluminum is used in established…
Dundee Precious Metals rushes Serbian gold discovery to high-margin PEA
Dundee Precious Metals (TSX: DPM) assembled a study backing development for its Čoka Rakita gold discovery in Serbia in 18 months. With an initial investment of US$381 million and at…
Savannah converts to indicated most of Barroso lithium project resource in Portugal
Savannah Resources (AIM: SAV) has announced a significant resource upgrade for the Barroso lithium project in Portugal, with 93% of resources now in the indicated category. The update is a…
Cornish Metals’ UK tin project worth over US$200M, new study says
A preliminary economic assessment (PEA) for Cornish Metals‘ (LSE: CUSN; TSX-V: CUSN) South Crofty tin project in England gives it a post-tax net present value (NPV) of US$201 million at…
Bullion demand rises on central banks, East-West investor flip-flop, gold council says
Gold demand increased 3% during the first quarter because of buying by central banks, Asian investors and jewellers, the World Gold Council says in a new report. Purchases rose to…
BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Hochschild meets output targets, dividends uncertain
Hochschild Mining (LSE: HOC) said on Wednesday it’s on track to achieve its production targets for 2024 after an increase in gold output boosted its overall first-quarter production. The U.K.-based…