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
Newmont, Glencore bids crack into metal industry’s top takeovers Both deals — if completed — would rank among the top 10 biggest takeovers of metals producers. Bloomberg News | April 11, 2023 | 1:19 pm
CHARTS: Mining’s top 50 companies top $1.4 trillion value amid M&A fever World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector. Frik Els | April 11, 2023 | 11:28 am
Copper price gains but China’s weak activity weighs China signaling weak activity capped gains as the market looked ahead to the US inflation. MINING.COM Staff Writer | April 11, 2023 | 9:55 am
Western Copper confirms $1.7 million investment by Rio Tinto to maintain stake The investment allows Rio to maintain its approximate 7.84% interest. Staff Writer | April 11, 2023 | 9:05 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