South32 Ltd. has made a bold move into North American mining, investing approximately $22 million (CAD 29 million) in American Eagle Gold Corp. to advance the company’s flagship NAK copper-gold porphyry project in British Columbia. In an agreement finalized this month, the Australian mining giant’s wholly-owned subsidiary will acquire 33,321,577 common shares in American Eagle […]
Glencore plc has announced its binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in Teck’s steelmaking coal business, Elk Valley Resources (EVR), for a substantial sum of US$6.93 billion in cash. This transaction is set to bolster Glencore’s position in the coal industry, marking a pivotal moment in their […]
Canadian mining company Teck Resources will separate its business into two independent, publicly-listed companies to offer investors a choice of enterprises with unique fundamentals and value propositions. Post-closing, Teck Resources will change its name to Teck Metals, a premier, growth-oriented energy transition metals producer, while the newly created Elk Valley Resources will be a pure-play, […]
Canadian gold discovery company Liberty Gold and its joint venture partner Teck Madencilik Sanayi Ticaret, a subsidiary of Teck Resources, have agreed to sell the Halilaga copper-gold porphyry deposit (Halilaga project) in Biga Province, northwest Turkey, to Turkish conglomerate Cengiz for $55 million, as per the latest mining acquisition news. While the Teck Resources subsidiary […]