Sibanye-Stillwater has signed definitive purchase and sale agreements with affiliates of funds advised by Appian Capital Advisory LLP to purchase the Santa Rita nickel mine and the Serrote copper mine, both located in Brazil. The multinational miner said it will pay US$1 billion in cash for...
South32 has agreed a deal with Sumitomo Metal Mining and Sumitomo Corp for the acquisition of around US$1.5 billion worth of shares in the Sierra Gorda copper mine in Chile. The Japanese sellers, who together hold a 45% stake, had said last year that they were considering exiting...
BHP is in early discussions with Robert Friedland’s Ivanhoe Mines over the potential acquisition of a vast copper exploration territory in the Democratic Republic of the Congo (DRC), according to unnamed sources close to the proceedings. The move for Western Foreland – an exploration zone neighbouring...
BHP has made a US$258 million offer to acquire TSXV-listed Noront Resources, trumping an earlier offer for the nickel-copper miner by Australia’s Wyloo Metals. The world’s largest mining firm by market capitalisation said the offer submitted yesterday valued Noront at C$0.55 per share, representing a premium...
BHP’s chief technical officer Laura Tyler has revealed that the group will almost double its exploration spending in the base metals sector within the next five years. In an interview with Reuters, Tyler said that global exploration spending for base metals will nearly double from the...
Glencore hopes to reopen its Mutanda Mining copper and cobalt project in the Democratic Republic of Congo (DRC) by the end of 2021, approximately two years after halting production at the giant operation. Representatives from the Swiss commodities giant recently met with DRC’s new mines minister...
Base metals explorer Sama Resources has acquired 370 exploration claims in the Canadian Province of Québec following the discovery of a mineralised gossan at its 100%-owned Lac Brulé nickel-copper project. In a statement to the TSX, Sama’s CEO Marc-Antoine Audet said: “This striking new discovery in...
29Metals – a growing player in the Australian copper mining business – is looking to raise up to US$471 million in an initial public offering (IPO) in Sydney, after a period of touting its assets to the investor space. The EMR Capital Advisors-backed company plans to...
The Democratic Republic of Congo (DRC) has reportedly banned the export of copper and cobalt concentrate, just days after Ivanhoe Mines’ large-scale Kamoa-Kakula project commenced production. Data provider Fastmarkets said it confirmed with three companies operating copper and cobalt mines in the DRC, who had each received...
Canada’s Ivanhoe Mines has begun producing copper concentrate at its Kamoa-Kakula project in the Democratic Republic of Congo (DRC), which it believes will eventually become the world’s second largest copper mine. Ivanhoe and its partner Zijin Mining said first ore from the Kakula mine was introduced...