Teck rejects Glencore’s sweetened bid, pushes for own restructuring Glencore has offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal. Reuters | April 13, 2023 | 7:03 am
BHP wins vote to buy Oz Minerals in $6.4bn deal The deal has also cleared competition regulators in Vietnam and Brazil. Reuters | April 12, 2023 | 5:27 pm
Teck shareholders call for Glencore to boost takeover bid Glencore Chief Executive Gary Nagle is flying to Toronto to meet with some Teck shareholders on Thursday to personally lobby them to support the deal. Reuters | April 12, 2023 | 5:06 pm
Glencore adds Russian aluminum to LME system Higher stocks of Russian aluminum on the LME are a concern as they could weigh on benchmark prices. Reuters | April 12, 2023 | 9:21 am
Hurdles loom for Newmont’s $19.6 billion bid for Newcrest Macquarie analysts upgraded their Newcrest share price target by 18% on the back of the sweetened Newmont offer. Reuters | April 12, 2023 | 7:45 am
Americas Gold and Silver reports fatality at Idaho mining complex Operations have been suspended and an investigation is underway. Reuters | April 12, 2023 | 7:41 am
Trafigura takes significant copper volumes from LME warehouses Copper stocks in LME warehouses, at 56,800 tonnes, have fallen by more than 25% since the middle of March. Reuters | April 12, 2023 | 4:06 am
Ecuador mining opposition holding up $1 billion of investments Ecuador has abundant mineral reserves but has lagged behind regional neighbors such as Peru and Chile in large-scale mining development. Reuters | April 11, 2023 | 3:24 pm
Chile to present large lithium investment plan for 2025-2030 this month One of the plan's aims is also to promote decentralization. Reuters | April 11, 2023 | 11:54 am
More than half of aluminum in LME warehouses produced in Russia The exchange has not banned Russian metals from being traded and stored in its system since Moscow invaded Ukraine. Reuters | April 11, 2023 | 7:53 am
Subsidiary of Gecamines secures $75 million to build new unit STL will produce copper cathodes, cobalt hydroxide, a germanium precipitate, silver concentrate and zinc oxides. Reuters | April 11, 2023 | 7:25 am
OZ Minerals gets Vietnam’s nod for its $6.4bn buyout by BHP The deal still remains subject to other conditions, including approval by OZ Minerals' shareholders, and by an Australian court. Reuters | April 10, 2023 | 4:53 pm