Rio Tinto says 60 Jadar mines wouldn’t fill looming lithium gap
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and “significant” supply gap for lithium, as demand for…
Australia, NZ & South Pacific
Battle for Noront Resources heats up with sweetened offer from BHP
The world’s largest miner is now offering C$0.75 per share of Noront, representing a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noront’s unaffected price.
Noront Resources picks Wyloo bid over BHP
A months-long battle over nickel-copper miner Noront Resources (TSXV: NOT) may have come to an end as the Canadian company said today that it had picked a sweetened bid from Australian mining billionaire Andrew Forrest’s Wyloo Metals, over…
Appetite for ‘green energy metals’ drives deals
Demand for ‘green energy’ metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients….
South32 buys stake in KGHM Chilean mine for about US$1.55B
Australia’s South32 (LSE: S32; ASX: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for US$1.55 billion in cash…
Tesla inks multi-year nickel supply deal with Prony
Tesla (NASDAQ: TSLA) has inked a multi-year nickel supply deal with New Caledonia’s Prony Resources, which guarantees the U.S. carmaker about 42,000 tonnes of the metal needed to produce the…
Bristow, Marape to meet on potential fast-track of Porgera restart
Barrick Gold (TSX: ABX; NYSE: GOLD) CEO Mark Bristow is set to meet with Papua New Guinea Prime Minister James Marape this week, with the aim of speeding up the…
Evolution Mining divests Mt Carlton for up to US$65M
Australia’s Evolution Mining (ASX: EVN) is selling its Mt. Carlton gold mine in Queensland to Navarre Minerals (ASX: NML) in a deal worth up to A$90 million (US$65 million). The…
Newmont axes gold output targets at Boddington in Australia
Revision comes as a result of several challenges during commissioning the mine’s first Autonomous Haulage System (AHS) fleet.
Agnico Eagle and Kirkland Lake Gold merger likely the last major deal in Canada
The mega-merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) unveiled to the market on September 28 “makes a lot…
BHP inks nickel supply deal with Toyota-Panasonic battery venture
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has inked a deal to supply nickel sulphate from Western Australia to a battery-making joint venture between Toyota Motor and Panasonic called Prime…
Building a ‘Canadian mining Champion’
Whatever one thinks of the logic behind the ‘merger of equals’ announced this week between Agnico Eagle Mines and Kirkland Lake Gold, one thing is abundantly clear: The business combination…