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…
Battery metals
Chile’s lithium policy a boon to other producers
Joe Lowry, known in mining circles as “Mr. Lithium”, warns the lack of specifics in Chile’s policy likely to affect investment.
Wyloo extends deadline for Mincor takeover bid
Andrew Forrest’s Wyloo Metals said on Wednesday it was extending its takeover offer for Australian nickel explorer Mincor Resources (ASX: MCR) until the end of trading in the Australian market on…
Army gives glimmer of hope for Pebble copper-gold project in Alaska
The United States Army is improving the slim odds for the Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) Pebble project in southwest Alaska which has already been blocked by environmental…
Pensana taps major UK investor to fund rare earths project in Angola
London-based Pensana (LSE: PRE) is being backed by one of the United Kingdom’s largest asset managers and the Angolan sovereign wealth fund to build a rare earths refinery in England…
Chile’s state miner seeks US$1.5B from lithium partner
Chile’s National Mining Company (Enami) is looking for a private partner to contribute with a US$1.5 billion-investment and knowledge to develop its lithium assets. The state miner Enami will be…
Glencore says takeover bid for Teck stands after spinoff fails
Glencore (LSE: GLEN) is far from giving up on its plan to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) as it confirmed on Thursday its bid for Canada’s largest…
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…
Horizonte says Araguaia nickel mine in Brazil is on track for early 2024 production
Horizonte Minerals (TSX: HZM; AIM: HZM) said on Monday it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024. The…
Piedmont’s Tennessee lithium hydroxide plant to double U.S. output
Piedmont Lithium (NASDAQ: PLL; ASX: PLL) says its proposed US$600-million lithium hydroxide plant in Tennessee would pay for itself in less than three years. The project has an after-tax net…
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…