Australian mining magnate Andrew Forrest's Wyloo Metals has raised its offer for Noront Resources, in the latest twist in a tussle for the Canadian nickel producer’s assets. Wyloo, Noront's top shareholder, increased its offer to C$1.10 a share, which values the company at $616.9 million (US$485.25...
Northam Platinum Holdings has trumped fellow JSE-listed miner Impala Platinum’s (Implats) agreement to buy out Royal Bafokeng Platinum (RBPlat) with its own US$1.1 billion deal for a major 33.3% stake in the South African PGMs producer. The controversial new sale of shares agreement between Northam and...
Chifeng Jilong Gold Mining has agreed to acquire Canada’s Golden Star Resources via a statutory plan of arrangement for US$470 million. The deal, which is to be executed by a majority-controlled unit of China’s Chifeng, will see Golden Star shareholders receive $3.91 for each share held. Chifeng...
Canada’s Agnico Eagle Mines and Kirkland Lake Gold have announced a US$10.68 billion merger of equals, creating a company with a reserve base of 48 million ounces of gold and an extensive pipeline of development and exploration projects around the world. The companies said the deal...
The world’s largest gold miner Newmont has announced it will acquire the shares it doesn’t already own in Canadian explorer GT Gold Corp, in a cash deal valued at around US$312 million (C$393 million). Newmont will buy the remaining 85.1% of common stock in GT Gold...
The level of mergers and acquisitions (M&A) in the mining sector will soon pick up as the global economy recovers from the COVID-19 crisis and miners benefit from a growing commodities boom, according to individuals from investment bank BMO Capital Markets. Mining companies will seek to...
Spain’s Iberdrola has had an US$569 million bid for Australian wind and solar firm Infigen Energy accepted, as it looks to further grow its market share in Australia’s renewable energy sector. The Bilbao-based utility is already building a 320MW renewable energy project in South Australia, and...
Union Jack Oil (AIM:UJO) has announced it expects to start commercial production at its Wressle discovery. In its 2016 first quarter results the company also reported the acquisition of a 10 per cent interest in PEDL005 (R), incorporating the Keddington Oilfield and said it will continue to...