Newcrest Mining agrees to reunite with gold giant Newmont
Newmont (NYSE: NGT; TSX: NEM) and Newcrest Mining (TSX: NCM; ASX: NCM) are getting back together after being separated for more than 30 years. Newcrest, which started as an Australian…
M&A
Silvercorp to buy copper-gold focused junior Celsius Resources
Silvercorp Metals (TSX: SVM) is moving towards being a diversified precious-base metals producer with the signing of a preliminary agreement to acquire Australia’s Celsius Resources (ASX: CLA) in a stock-plus-cash…
Glencore bid for Teck faces stiff Canuck rules, pride as mining M&A activity triples
Glencore (LSE: GLEN) faces an uphill battle to buy Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) because of Canadian nationalism despite surging mergers and acquisitions in the critical minerals space. The…
Livent, Allkem create world’s No. 3 lithium miner in US$10.6B merger
Lithium firms Allkem (ASX: AKE) and Livent (NYSE: LTHM) are shaking up the sector by merging to form the world’s third-largest miner of the key metal used in the batteries that power…
Fortuna Silver to buy West Africa-focused Chesser Resources for US$60M
Canadian miner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is expanding its footprint in West Africa with the acquisition of Australian gold junior Chesser Resources (ASX: CHZ) for slightly over…
Gold Fields deal gives Osisko option to fast-track high-grade gold at Windfall
The Windfall gold project in Quebec, boosted last week by a $600-million investment by Gold Fields (NYSE: GFI; JSE: GFI), may tweak plans to increase first-year production by a third,…
Rio Tinto wants lithium assets, but not at current prices
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) chief executive Jakob Stausholm says the company continues to be “very interested” in finding lithium projects to add to its portfolio, but…
Gold Fields buys half of Osisko’s Windfall high-grade gold project in Quebec
Gold Fields (NYSE: GFI; JSE: GFI), the eighth-largest miner by market value, has joined with Osisko Mining (TSX: OSK) to back the Windfall gold project in Quebec, one of Canada’s…
Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…
Canada can’t build great mining companies fast enough to meet demand
Mining runs on M&A — one of the only constants in a business that’s full of uncertainty. Still, it’s been painful to watch so many home-grown metals and mining companies…
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….
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…