Latest Updates Around The World
Austral Resources Australia (ASX:AR1) said on Friday (January 16) that it has entered into an agreement with Glencore (LSE:GLEN,OTCPL:GLCNF) to acquire Lady Loretta’s mining leases. Under the agreement, Austral will acquire 100 percent of Noranda Pacific, the owner and operator of the Lady Loretta mine, associated EPMs, processing infrastructure and mining camp from Glencore. “The […]
Copper prices rose to a new record high on Tuesday (Jan 6), with continued supply disruptions and trading uncertainty pushing the metal to a nearly 30 percent rally since October. Benchmark three-month copper on the London Metal Exchange (LME) rose as much as 3.1 percent in early trading to a record high of US$13,387.50 a […]
Canada has approved the merger of Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Anglo American (LSE:AAL,OTCQX:AAUKF), clearing a major regulatory hurdle to create a new global mining heavyweight worth more than $53 billion. Teck and Anglo American said they received approval under the Investment Canada Act, allowing the companies to proceed with their planned “merger of equals.” first […]
BHP Group (ASX:BHP,NYSE:BHP,LSE:BHP,OTCQB:BHPLF) confirmed in a statement on Monday (November 24) that discussions over a merger with Anglo American (LSE:AAL,OTCQX:NGLOY) have officially ended. The discussions date back to April 2024, when BHP made its first offer to Anglo to combine their copper assets. Copper in particular has become a key target as producers seek scale […]
Caravel Minerals (ASX:CVV) has signed a non-binding Memorandum of Understanding (MoU) with Indian company Kutch Copper, a subsidiary of Indian company Adani Enterprises (NSE:ADANIENT). The agreement marks a significant step in a potential investment partnership and a mine life reduction to 100 percent of copper concentrate production at Caravel’s flagship Caravel copper project in the […]
The Albanian government and Crisafulli’s government are investing up to AU$600 million in the economy over the next three years Glencore’s (LSE:GLEN,OTC pink:GLCNF) Mount Isa Copper Smelter and Townsville Refinery to protect more than 1,000 jobs. In one joint statement on Wednesday (October 8), Minister for Industry and Innovation and Minister for Science Tim Ayres […]
