Wyloo tightens grip on nickel explorer Mincor
Wyloo Metals, a privately-held mining company owned by Australian billionaire Andrew Forrest, has secured control of nickel and gold explorer Mincor Resources (ASX: MCR) by locking in a 51.24% interest….
Articles by Cecilia Jamasmie
Argentina says new projects will boost lithium production fivefold by 2025
Argentina, the world’s fourth largest global lithium supplier, says it’s on track to reach 200,000 tonnes annual production by 2025. That’s thanks to the development of six new projects in…
Chile to nationalize its lithium industry
The long-awaited policy sets ups a public-private model in which the state will partner with miners through a dedicated national lithium company.
Storm Mountain Diamonds finds giant pink rock in Lesotho
Storm Mountain Diamonds (SMD), jointly owned by Namakwa Diamonds and the government of Lesotho, has recovered a 108.39-carat fancy pink diamond at its Kao mine in the Southern African country. …
ASX-listed Essential Metals rejects Tianqi Lithium-IGO takeover bid
Essential Metals (ASX: ESS) shareholders have rejected a A$136 million (US$92 million) joint takeover bid led by China’s Tianqi Lithium and Australia’s IGO Ltd. (ASX: IGO). The outcome was, in…
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…
Chile drought hits Antofagasta’s copper output in Q1
Chilean miner Antofagasta (LSE: ANTO) said on Wednesday its copper output fell in the March quarter from the previous three months due to water shortages in the home country, which has…
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…
B2Gold kicks off phased closure of Namibia mine
B2Gold (TSX:BTO; NYSE: BTG) said on Tuesday it had begun the phased closure of its Otjikoto gold mine in Namibia, once the country’s largest producer of the precious metal. The…
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.
Australian court okays BHP takeover of OZ Minerals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Monday that the Federal Court of Australia had approved its A$9.6 billion (US$6.4 billion) takeover of copper-gold producer OZ Minerals (ASX:…
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…