Analysis: Rate cuts may boost mining M&A
As summer holidays beckon, investors typically exchange their screens for a beach. However, with increased volatility in the market and more rate cuts expected this month by both the Bank…
Australia, NZ & South Pacific
Tracing global nickel production to its sources
Nickel is an essential component in electric vehicle (EV) batteries, solar panels and alloys for the aerospace industry. Nickel demand for EVs is projected to grow about 40 times by…
Ramelius takes stake in Spartan, rules out takeover
Australian gold miner Ramelius Resources (ASX: RMS) has acquired an 8.9% stake in rival Spartan Resources (ASX: SPR), which is developing the Dalgaranga gold project in Western Australia. The miners said…
Dead Solaris deal has cash-strapped Canadian miners considering the door
Some of Canada’s leading mining law firms say their clients are considering leaving the country because the federal government’s clampdown on Chinese investment has closed off an important funding lifeline. …
Lithium price surge unlikely to return: Fitch
The lithium market has entered a “new normal” period of stability with sustained price surges a thing of the past, analysts at FitchSolutions BMI said in a webcast Thursday. Falling…
Paladin Energy to acquire Fission Uranium for $1.1B in all-stock deal
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has agreed to be acquired by Australia’s Paladin Energy (ASX: PDN; US-OTC: PALAF) in an all-stock agreement valued at about $1.1 billion. The acquisition…
M&A activity shows we’re far from a market top in commodities
There’s a long-held fable within investing circles that surging M&A activity can (at times) signal a market top. So, how does that come about? Just like regular investors, major corporate…
Mineral Resources to shut Yilgarn iron ore hub
Australia’s Mineral Resources (ASX: MIN) will shut down its Yilgarn iron ore hub in Western Australia by the end of the year in a move that will affect about 1,000…
Sacked Nickel 28 CEO repays $3.2M
The CEO of a Canadian company with a small stake in a Papua New Guinea (PNG) nickel-cobalt mine is repaying about $3.2 million in shares and resigning from the board…
Winsome secures A$25M for Adina-Renard lithium development
Australia’s Winsome Resources (ASX: WR1) has raised A$25 million to advance its Adina lithium project in Quebec as the explorer pivots to become a project developer in the medium term….
Mali approves Leo Lithium’s stake sale to Ganfeng
Australia’s Leo Lithium (ASX: LLL) said the government of Mali had conditionally approved the sale of its remaining 40% stake in Mali Lithium to China’s Ganfeng Lithium for almost US$343…
Considering M&A? Here’s what to ask
A large copper miner in Chile only found it had been overpaying a royalty by a significant amount after three ownership deals and 20 years of operation, lawyer Greg McNab…