Appian ready to deploy US$2B in cash-starved mining sector, says CEO
About a decade ago, private equity (PE) funds began to take an interest in the mining sector. At the time, financing was hard to come by, and the growth of…
M&A, Financing and Restructuring
SQM grows Aussie footprint with Tambourah earn-in deal
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has inked an earn-in agreement with Tambourah Metals (ASX: TMB) covering the Australian explorer’s Julimar North project in Western Australia Under the…
Australian lithium M&A heats up with Develop Global’s bid for Essential Metals
Australian base metals explorer Develop Global (ASX: DVP) is buying coveted fellow lithium developer Essential Metals (ASX: ESS) in a share-based deal worth about US$102 million (A$152.6 million). The buyer, a…
Lucapa Diamond achieves debt-free status
Australia’s Lucapa Diamond (ASX: LOM) said on Tuesday it had fully repaid all interest-bearing loans that it borrowed from gold company Equigold and the Industrial Development Corp. of South Africa (IDC). The company,…
Mining megatrends create industry meta-crisis, says Newmont CEO
Tom Palmer, CEO of top global gold producer Newmont (NYSE: NGT; TSX: NEM), is monitoring three industry megatrends, which, if left unchecked, could simultaneously animate, interact with, and reinforce one…
Stelar Metals secures 90% stake in Trident lithium project
Critical minerals explorer Stelar Metals (ASX: SLB) has completed the acquisition of mining tenements in New South Wales, Australia, which include the Trident Lithium project. The deal with the state…
Hudbay triples land holding in Manitoba with Rockcliff buy
Canada’s Hudbay Minerals (TSX: HBM; NYSE: HBM) has inked a deal with Rockcliff Metals (CSE: RCLF; US-OTC: RKCLF) to acquire all the shares it doesn’t already own in the copper-focused…
Lithium One Metals and Norris Lithium to merge
Deal combines two parallel lithium exploration portfolios focused on the active and high-profile James Bay lithium belt in Quebec.
Albemarle to buy Lithium Power’s Australian unit
The miner scrapped the planned demerger of its Western Australian lithium assets in favour of a $21 million (A$30m) sale of the three projects to the US giant.
Hudbay Minerals, Copper Mountain shareholders approve merger
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger. The deal hands Hudbay the Copper Mountain…
Glencore bids for Teck Resources coal unit
Glencore (LSE: GLEN) confirmed on Monday it had approached Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) with a proposal to buy the Canadian miner’s steelmaking coal business, in the latest…
Franco-Nevada grows royalty on Marathon Gold’s Valentine project
Gold royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) is buying an additional 1.5% net smelter returns royalty (NSR) on Marathon Gold‘s (TSX: MOZ) Valentine project for US$45 million ($60 …