Top investors seek damages from Glencore over prospectus claims
Swiss trader and miner giant Glencore (LSE: GLEN) has been accused by a group formed by some of the world’s biggest asset managers of hiding its corrupt activities through misleading…
Glencore plc
JSW Steel considers 75% interest in Teck’s coal business
JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) steelmaking coal business, according to a Bloomberg report In July,…
Granite Creek seeks copper major for merger with mothballed Minto mine in Yukon
Granite Creek Copper (TSX-V: GCX; US-OTC: GCXXF), part of the Metallic Minerals Group, wants to attract a major company to consolidate a Yukon area into a local copper giant. Granite’s…
Glencore buys Pan American’s stake in Argentinean copper project
Glencore (LSE: GLEN) is buying out a 56% stake in Argentina’s MARA copper project from its partner Pan American Silver (TSX: PAAS; NYSE: PAAS) for US$475 million, as part of…
Site visit: Sitka Gold drills to expand RC gold project as Snowline steals Yukon limelight
Cor Coe might be the Maytag repairman of mining. He’s sure he’s got a good product but no one’s calling. The CEO of Sitka Gold (CSE: SIG) is sitting on…
Bolivia looks to mineral wealth as gas era fades
Once hailed for its growth, Bolivia is facing an economic reckoning. The huge gas reserves on which the country has prospered for the last two decades are dwindling. Years of…
Glencore offers to buy rest of PolyMet for US$71M
Mining and commodities giant Glencore (LSE: GLEN) has offered PolyMet Mining (TSX: POM; NYSE: PLM) to buy the company’s shares it does not already own for US$2.11 in cash each,…
Canada’s Top Ten: Barrick leads this year’s list of miners by market cap
Barrick Gold (TSX: ABX; NYSE: GOLD) returned as Canada’s largest mining company on the Toronto Stock Exchange, displacing last year’s leader Nutrien (TSX: NTR), which plummeted in market value by…
China lights a fuse under the copper producers
Turn your mind back six months ago to January 2023. Markets were in a frenzy predicting enormous growth in Asia as China emerged from its three-year lockdown. Commodity stocks were…
Mining deal-making declines, but Beaty and others see opportunities
As the value of mining industry mergers and acquisitions falls from last year’s high, some investors see divergent trends moderating conditions. They say share prices are reasonable or low for…
Appian sells nickel-copper mines in Brazil to ACG for US$1 billion
Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Co. (LSE: ACG) for US$1 billion cash….
Osisko cofounder Wares praises private equity, scolds debt financiers, nips NIMBYism
Osisko Metals (TSX: OM; US-OTC: OMZNF) is part of a rising trend tapping private equity to help build projects, but it’s wary of the growing role of “predatory” debt financing. …