First Quantum to sell Spanish mine for $190M
First Quantum Minerals (TSX: FM) agreed to sell the past-producing Cobre Las Cruces copper mine in Spain to an investment fund for up to $190 million (C$260 million) to free…
mining M&A
Fortescue agrees to buy Alta for $139M in copper push
Australia’s Fortescue (ASX: FMG) agreed to buy all of Peru-focused explorer Alta Copper (TSX: ATCU; US-OTC: DNCUD) in a C$139 million ($101 million) deal that accelerates a pivot into copper…
Li-FT Power agrees Winsome deal to expand in Quebec
Canadian lithium developer Li-FT Power (TSX-V: LIFT) agreed to buy Australia’s Winsome Resources (ASX: WR1) and add a majority stake in an Azimut Exploration (TSXV: AZM) project to boost its…
Contango Ore agrees $812M deal to buy Dolly Varden
Contango Ore (NYSE-A: CTGO) agreed to buy Canada’s Dolly Varden Silver (TSX-V: DV; NYSE-A: DVS) to create a mid-tier silver and gold producer by adding one of the largest high-grade…
Anglo-Teck deal gets Canada security OK: report
Canada’s federal government has cleared Anglo American’s (LSE: AAL) proposed combination with Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) on national security grounds, The Globe and Mail reported, citing an…
Gold Fields pays $50M for 12% of Founders Metals
Gold Fields (NYSE, JSE: GFI) agreed to pay about $50 million (US$36 million) to become the biggest shareholder in Founders Metals (TSXV: FDR; US-OTC: FDMIF), which is developing the Antino…
Iamgold signs deals to triple Quebec district footprint
Canadian miner Iamgold (TSX: IMG; NYSE: IAG) announced a pair of acquisitions that would more than triple its footprint in northern Quebec’s Chibougamau region. Shares rose. Iamgold agreed to buy…
Loncor agrees on $261M sale to China’s Chengtun
Canadian explorer Loncor Gold (TSX: LN; US-OTC: LONCF) agreed to be acquired by Chengtun Mining Group for about $261 million cash in a deal that will hand control of a…
Predictive, Robex reach $1.5B deal to create Guinea-focused gold miner
Australia’s Predictive Discovery (ASX: PDI) and Canada’s Robex Resources (CVE: RBX)(ASX: RXR) agreed to merge in an all-share deal worth A$2.35 billion ($1.55 billion) that would create a new Guinea-focused…
Barrick to sell Tongon mine to Atlantic for up to $305M
Barrick Mining (TSX: ABX; NYSE: B) agreed to sell its stake in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to…
Premier American to buy Nuclear Fuels in $31M deal
Premier American Uranium (TSXV: PUR, US-OTC: PAUIF) agreed to buy Nuclear Fuels (CSE: NF; US-OTC: NFUNF) to create one of the largest U.S. uranium explorers. Nuclear Fuels stock soared. Nuclear…
Is Glencore’s $22B asset shift a prep for Rio merger?
Glencore (LSE: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructuring that could lay the groundwork for a future merger with…