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…
South America
Silvercorp diversifies into South America with $200M deal for Adventus
Silvercorp Metals (TSX: SVM; NYSE : SVM) is diversifying into South America with the acquisition of Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) and its 75% interest in the El Domo…
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…
Teck copper output shoots up on QB mine, profit disappoints
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) saw its copper production jump by 74% in the first three months of the year, due mainly to the ramp up of the…
Lundin Gold becomes debt free with US$330M repayment to Newmont
Lundin Gold (TSX: LUG; US-OTC: LUGDF) has negotiated a deal with Newmont (TSX: NGT; NYSE: NEM) to buy out the stream credit facility and offtake agreement for its Fruta del…
Vale, BHP, Samarco seek new deal on Brazil disaster
Negotiations resumed this week after the Brazilian government and states rejected the companies’ $7.7 billion offer in December.
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…
TNM Drill Down: West African Resources posts second top assay in a month from Burkina Faso
Our TNM Drill Down features highlights of the best gold assays of the April 12-19 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
Anglo American bullish on copper outlook, cuts diamond targets
Anglo American (LSE: AAL) reported an 11% increase in its copper output for the first three months of the year, but cut its 2024 production guidance for diamonds, as its…
Rio Tinto, Eramet submit plans to develop lithium extraction tech in Chile
Miners Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Eramet, along with battery maker LG Energy, are among 30 companies from 12 countries that have presented plans to develop…
AbraSilver gets $20M investment from Kinross, Argentina power provider
AbraSilver Resource (TSXV: ABRA; US-OTC: ABBRF) said on Monday it has received investments from both Kinross Gold (TSX: K; NYSE: KGC) and Central Puerto, Argentina’s leading electricity provider, to fund…
G Mining buys Reunion’s Oko West gold project in Guyana for $875M
Montreal-based G Mining Ventures (TSX: GMIN; US-OTC: GMINF) is expanding its South American holdings by taking over Reunion Gold’s (TSXV: RGD; US-OTC: RGDFF) Oko West gold project in Guyana in…