Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
Australia’s Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million
Australia’s Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner. Fortescue, through...
China’s Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion
SolGold said on Friday it was “minded to recommend” an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at about 842 million pounds ($1.13 billion), amid a global...
Anglo American, Teck Resources shareholders approve mining merger
Shareholders of Anglo American and Teck Resources on Tuesday approved a previously announced merger, the companies said, paving the way for the creation of a copper heavyweight and leaving regulatory approvals as the...
Proposed Teck-Anglo merger is subject to national security review, Canada says
Canada will submit the proposed merger of Anglo American and Teck Resources to a national security review, Industry Minister Melanie Joly said on Wednesday. Joly also said Ottawa would come to a final decision in the...
BHP walks away from last stab at Anglo American takeover
BHP on Monday pulled back from a last-ditch effort to buy Anglo American and bolster its dominance in copper, just two weeks before shareholders at Anglo and Canada’s Teck Resources were set to vote on a $60...
Barrick Mining considers splitting into two entities, sources say
The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the...
NCLT Mumbai reserves order on Vedanta’s demerger proposal; petroleum ministry cites concerns
The Mumbai bench of the National Company Law Tribunal reserved its order in the matter of the proposed Vedanta demerger, which India’s petroleum and natural gas ministry has opposed. “We heard both the parties. The...
Reconstitution of NCLT Mumbai further delays Vedanta demerger; next hearing on November 12
The Vedanta demerger is delayed yet again as the National Company Law Tribunal (NCLT) on Wednesday deferred the matter to November 12, as the Mumbai bench, hearing the matter, has been reconstituted. The...
Angola bids for majority stake in De Beers, source says
Angola has bid for a majority stake in Anglo American unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana which is also seeking control of...
SNB sells Rio Tinto stake in new divestment from extractive industries
The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto, adding to a series of recent divestments from companies in extractive industries, LSEG data shows. Unsere (Our) SNB, a collection of...
Caterpillar to acquire Australia’s RPMGlobal for $728 million
Australian mining software firm RPMGlobal said on Monday that it has struck a deal to be acquired by heavy machinery giant Caterpillar for a total equity value of A$1.12 billion ($728.22 million). The news comes after...
