Call it cross-pollination: Mining companies in Australia are taking up projects in Canada and Canadian mining companies are enthusiastic about projects in Australia.
With FLSmidth's acquisition of German engineering firm Thyssenkrupp’s mining business, a combination was born that will create a global mining technology provider.
British Columbia miner grew from C$1.18 million in revenue and an inactive Brazilian gold mine in 2016 to posting C$1.13 billion in revenue and seven operating mines in 2020.
If they ink a definitive agreement, AngloGold could earn an initial 75% interest in three gold projects by paying $2.55m in cash plus $10m on exploration.