Augusta Gold, a Canadian junior focused on southern Nevada, and AngloGold Ashanti, a Denver-based multinational gold producer, have agreed an all-cash transaction under which AngloGold will acquire all outstanding Augusta shares for C$1.70 (US$1.24) apiece, valuing the equity at roughly C$152 mn (US$111 mn). Including the repayment of about C$45 mn (US$33 mn) in shareholder...
READ MOREBolivia’s Chamber of Deputies saw fiery altercations on July 9th when legislators discussed the contentious $975 million lithium extraction deal with Russia’s Uranium One Group. The session, which started at 17:00 hours, laid bare the deep rifts between government allies and opposition lawmakers calling for more regional involvement in the decision-making process. The agreement to...
READ MORESwiss-British mining and commodities trading firm Glencore sold its Philippine Associated Smelting and Refining Corp (Pasar) assets to business holdings of Villar family led by Manny Villar Jr. This takes place in the context of historically unprecedented challenges facing the world’s copper smelter market in low-processing fees and surplus-capacity scenarios which have made most plants...
READ MORESaudi Arabian Mining Company, the Kingdom’s largest diversified mining enterprise and a subsidiary of the Public Investment Fund, has completed the acquisition of minority stakes in two aluminum-related subsidiaries through a combination of share issuance and cash payments totaling $150 million. The transaction provides Maaden with full ownership of Maaden Bauxite and Alumina Company and...
READ MORERusal, Russia’s largest aluminum producer and the world’s biggest primary aluminum manufacturer outside China, has completed strategic investments in Chinese and Indian alumina facilities to replace supply disruptions from Australia and Ukraine totaling approximately 2.8 million tonnes annually. The company acquired a 30% stake in Hebei Wenfeng New Materials for $316 million and agreed to...
READ MOREHindalco Industries, India’s largest aluminium producer and metals flagship of the Aditya Birla Group, has acquired AluChem Companies, a US specialty alumina manufacturer operating since 1978, for $125 million as part of a broader strategy to capture growing demand from electric vehicle and semiconductor industries. The transaction provides the Indian metals giant with 60,000 tonnes...
READ MORECymat Technologies, a Canadian manufacturer of stabilized aluminum foam founded in 2006, and Rio Tinto Alcan, a major global aluminum producer and the sole major supplier of proprietary metal matrix composites, have entered into a letter of intent for the acquisition of MMC technology and customer relationships. The transaction positions Cymat to capture $7.5-10 million...
READ MORECentral Asia Metals (CAML), a British non-ferrous metals mining company, has revised its offer to acquire Australia’s New World Resources, raising the value to A$197 million (approximately US$130 million) from the initial A$185 million (US$119 million), according to a company announcement. The updated terms include immediate interim financing of $10 million as part of the...
READ MORETroilus Gold, a Canadian mineral exploration and development company, has reached an agreement on indicative commercial offtake terms with Aurubis, a global copper smelter headquartered in Hamburg, Germany. The agreement covers the copper-gold concentrate expected to be produced from Troilus’ project in north-central Quebec, Canada. This development helps to underpin the project’s financial profile as...
READ MORESK Nexilis, a subsidiary of SKC specializing in copper foil manufacturing for secondary batteries, has secured a $110 million investment from Japan’s Toyota Tsusho. The deal, formalized at a signing ceremony in Seoul on June 18, 2025, involves the transfer of a partial stake in SK Nexilis’ Malaysian subsidiary to Toyota Tsusho. This partnership is...
READ MOREThe International Finance Corporation has committed an additional $400 million subordinated loan to Barrick Gold’s Reko Diq copper-gold project in Pakistan, bringing the World Bank Group’s total financing commitment to $700 million for what is expected to become one of the world’s largest copper mines. The loan, announced June 13, supports the project’s total estimated...
READ MOREChina’s East Hope Group, a diversified industrial conglomerate controlled by billionaire Liu Yongxing, has secured government backing for a $12 billion vertically integrated aluminum production complex in Kazakhstan. The project, announced following a meeting between Kazakh Prime Minister Olzhas Bektenov and East Hope Group founder and CEO Liu Yongxing, will establish the country’s first large-scale...
READ MOREThe world’s second-largest aluminum producer by volume Rusal’s shareholders voted against providing extensive internal documentation to Sual Partners, the aluminum producer’s largest minority shareholder, during an extraordinary general meeting held in Russia. The decision blocks Sual Partners from accessing decades of correspondence, board communications, and investment records that the company had demanded by May 30,...
READ MOREValterra Platinum, formerly Anglo American Platinum, commenced trading on the London Stock Exchange on June 2, 2025, marking the completion of its demerger from global mining company Anglo American. This move is a key component of Anglo American’s broader strategy to restructure its portfolio and concentrate on core assets, following the rejection of a $50...
READ MORESolus Advanced Materials, a South Korean copper foil manufacturer operating Europe’s only battery-grade copper foil production facility, and CATL, China’s largest battery manufacturer with 40% global market share, have entered a supply agreement for copper foil deliveries to CATL’s European battery manufacturing operations. The partnership will see Solus supplying copper foil produced at its Hungarian...
READ MOREFrench mining group Eramet is evaluating lithium extraction opportunities in Kazakhstan’s Aral Sea region while examining rutile and zirconium sand deposits across the country. Aerospace manufacturer Safran is simultaneously exploring potential rhenium supply agreements with Kazakhstan, according to Industry and Construction Minister Ersayin Nagaspayev during the Kazakh-French Investment Forum held in Astana on May 28....
READ MOREValterra Platinum, formerly Anglo American Platinum, began trading as an independent company on the Johannesburg Stock Exchange on Wednesday, finalizing its separation from parent Anglo American. The debut marks the completion of a major restructuring move by Anglo, which is shifting its focus to copper and iron ore after fending off a $49 billion takeover...
READ MORENornickel, a leading global mining company, and Rusnano, a state-backed Russian technology investment corporation established in 2007 to develop and commercialize innovative technologies, have announced plans to create a joint venture focused on extracting valuable metals from industrial waste materials. Rusnano, founded with significant government funding as part of Russia’s modernization efforts, specializes in investing...
READ MORERio Tinto and Chile’s state-owned Codelco have signed a binding agreement to form a joint venture aimed at developing and operating a major lithium project at the Salar de Maricunga in northern Chile. Under the terms of the agreement, Rio Tinto will acquire a 49.99% stake in Salar de Maricunga SpA, the entity holding the...
READ MOREBHP and Lundin Mining Agree to Jointly Acquire Filo Corp., Establish Copper Joint Venture in Vicuña DistrictBHP and Lundin Mining Corporation have agreed to jointly acquire 100% of the Toronto-listed Filo Corp., which wholly owns the Filo del Sol copper project in the Vicuña district, spanning Argentina and Chile. The companies will subsequently form a...
READ MOREU.S.-based Merritt, a long-standing manufacturer of livestock and gooseneck trailers, has acquired British Columbia-based Magnum Trailer & Equipment in a move aimed at expanding its aluminium product offerings for the heavy-duty trucking industry across North America. The acquisition brings Merritt’s total workforce to more than 520 employees across five locations, with over 400,000 square feet...
READ MOREUK exports of aluminium to the United States will no longer face tariffs following a new agreement reached between the two countries. The deal, announced on Thursday, removes the Section 232 tariffs that had been imposed on British aluminium and steel, providing relief to UK producers who have faced prolonged trade friction since the measures...
READ MOREVedanta Resources is considering an initial public offering in the United States for its Zambian subsidiary, Konkola Copper Mines (KCM), with the aim of raising approximately $1 billion. The company has appointed Barclays and Citigroup as financial advisors for the potential listing, though discussions remain in the early stages and no timeline has been set....
READ MOREPoland-based metals producer Kety has announced plans to pursue both organic growth and acquisitions as part of its expansion strategy. During a recent video conference, deputy CEO Roman Przybylski stated that the company is considering acquisition opportunities in Western Europe and the United States, but emphasized that Kety intends to approach acquisitions carefully and not...
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