Teck, Glencore CEOs converge on Toronto in battle for investors Teck has suffered a blow to its plans to separate its coal and metals operations after a major advisory firm urged shareholders to reject the move. Bloomberg News | April 13, 2023 | 10:39 am
Australia forging ahead on critical minerals accords with allies The government has signed new agreements with Japan, Germany, the UK and India since late last year. Reuters | April 13, 2023 | 7:47 am
Hudbay Minerals to buy Copper Mountain Mining in $439m deal The deal is the latest in a wave of buyout offers across the mining sector, as companies look to expand their copper footprint. Reuters | April 13, 2023 | 7:36 am
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
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
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