Anglo American nears De Beers spinoff
Anglo American (LSE: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its stake in the world’s leading…
M&A
CanAlaska Uranium posts top grade at West McArthur
CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF) cut its highest grade intersection yet at the West McArthur project it holds in a joint venture with Cameco (TSX: CCO; NYSE: CCJ) in…
Skeena buys 13% of TDG beside Freeport find in BC
Skeena Resources (TSX: SKE; NYSE: SKE) is paying $11 million for a 13% stake in TDG Gold (TSXV: TDG), which plans to advance the Shasta-Newberry project beside the recent porphyry…
The future of copper mining’s top tier?
BHP (NYSE, LSE, ASX: BHP) appears to be discarding its long-running interest in Anglo American (LSE: AAL) and pivoting to spend billions instead on expanding its own assets. Over the…
Agnico now owns 94% of O3, extends offer to Feb 3
Agnico Eagle Mines (TSX: AEM) has moved one step closer to its planned takeover of O3 Mining (TSXV: OIII). Toronto-based Agnico, the second-largest gold miner by stock market value, has acquired…
Vale Base Metals mulls Manitoba exit
Vale‘s (NYSE: VALE) base metals subsidiary said Thursday it has started a strategic review to consider selling its nickel mining and exploration assets in Manitoba. The review is to…
VRIC: Copper majors are hunting for explorers
Despite the upheaval of a new Donald Trump presidency in the U.S., pundits at the Vancouver Resource Investment Conference held firm that the metal’s long-term future is as bright as…
Saudis to buy stake in Barrick’s Reko Diq: FT
Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% in the Reko Diq copper and gold project in Pakistan for about US$500 million to US$1 billion, the…
Barrick eyes selling Zaldivar mine stake: report
Barrick Gold (TSX: ABX; NYSE: GOLD) is reportedly seeking to divest its 50% stake in the Zaldivar copper mine run by Antofagasta (LSE: ANTO) in Chile, Bloomberg reported. Barrick has…
O3 Mining investor knocks Agnico offer
A minority shareholder in O3 Mining (TSXV: OIII) is urging Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to sweeten its all-cash offer for the company, saying the current proposal significantly undervalues…
Rio Tinto, Glencore in M&A talks: Bloomberg
Rio Tinto (NYSE, LSE, ASX: RIO) and Glencore (LSE GLEN) have been discussing combining their businesses, according to people familiar with the matter, Bloomberg reported. The Australian mining giant and…
Zijin offers US$1.9B for 25% of China lithium miner
Chinese copper and gold producer Zijin Mining Group is proposing to buy a quarter of compatriot Zangge Mining for 13.7 billion yuan (US$1.9 billion), the companies said. The deal would…