Pan American Silver, precious-metals miner, and MAG Silver, project partner in Mexico’s Juanicipio mine, have received approval from Mexico’s competition regulator for Pan American’s $2.1-billion acquisition of MAG, clearing the deal to close on or about September 4, 2025. MAG investors can elect $20.54 in cash per share or $0.0001 plus 0.755 of a Pan...
READ MORECross Holding, investment vehicle of Vladislav Sviblov, and Amurmed, explorer of the Ikan copper-porphyry deposit in Russia’s Amur region, have confirmed a change of ownership that could give the buyer a preferential route to a mining licence over a deposit holding 635,500 tonnes of copper and 79.5 tonnes of gold. The August 25 transfer was...
READ MOREArafura Rare Earths, developer of the Nolans rare earths project in Australia’s Northern Territory, has secured about A$80 million (US$54.4 million) via a two-tranche institutional placement at A$0.19 (US$0.13) a share, issuing roughly 421.1 million new shares, and will open a A$5 million (US$3.4 million) share purchase plan (SPP) on 27 August 2025. If the...
READ MOREBarrick, gold–copper producer, and Pakistan’s federal and Balochistan governments, Reko Diq co-owners, have opened talks with U.S. and multilateral lenders on a financing package of as much as $3.5 billion to build the $9 billion copper-gold mine after long-discussed Saudi backing failed to materialise. The plan targets a 2028 start-up and includes prospective support from...
READ MORENavoi Mining & Metallurgical, Uzbekistan’s state gold producer, and Citi, Morgan Stanley and JPMorgan, global investment banks, have been mandated to lead a potential offering that would list global depositary receipts in London alongside a domestic float in Tashkent, according to people familiar with the process. The company is targeting about $20 billion including debt,...
READ MOREFirst Quantum, copper producer, and Royal Gold, precious-metals streamer, have agreed a $1 billion upfront gold streaming deal tied to by-product output at Kansanshi in Zambia, handing the miner immediate liquidity as it completes the S3 expansion—described in recent materials as a $1.3 billion programme—while the buyer targets 35,000–40,000 oz a year of deliveries over...
READ MOREGhana, resource owner, and GIADEC, the state aluminium developer, have terminated a $1.2 billion bauxite lease held by local contractor Rocksure International and opened talks with an overseas operator—potentially Emirates Global Aluminium (EGA) or a Chinese group—to develop the Nyinahin Hills deposit in Ashanti. The area, part of “Block B”, hosts about 376 million tonnes...
READ MORESavannah Resources, developer of the Barroso lithium project in northern Portugal, has placed about one-quarter of future output with AMG, an industrial lithium refiner, and is marketing the balance to European converters and battery-chain customers as it advances financing for a 2027 start-up. The AMG agreement covers 25% of production for five years, aligning with...
READ MORESibanye-Stillwater, diversified precious-metals producer and recycler, has agreed to acquire Metallix Refining, a US-based processor of industrial waste streams, for a cash consideration of $82 million and an enterprise value of $105 million. The seller’s headline rand figure of R1.45 billion equates to about $81.2 million at today’s rate, broadly in line with the dollar...
READ MORERio Tinto, diversified miner, is assessing options for its titanium business after a prolonged price downturn and lower returns, according to people familiar with the process, as Simon Trott, iron ore chief, prepares to take over as chief executive on 25 August. The titanium operation sits in Rio’s Minerals division, which reported underlying EBITDA of...
READ MOREZijin Mining, the Chinese gold and copper producer, and Canada’s Barrick are moving ahead with a potential deal for the Tongon gold mine in northern Ivory Coast, with Zijin front-running a sale process that could see bids climb to as much as $500 million, according to people familiar with the talks. Tongon is forecast to...
READ MOREApple, the California-based consumer-electronics group, and MP Materials, the Las Vegas-listed rare-earth miner and magnet producer, have struck a $500 million agreement to supply neodymium-iron-boron magnets for future iPhones, iPads and MacBooks from 2027. The venture—announced as Washington presses multinationals to “on-shore” strategic inputs—will centre on MP’s expanded plant in Fort Worth, Texas and a...
READ MOREBHP, the diversified mining group, and Lifezone Metals, a Tanzania-focused refinery and technology developer, have agreed that Lifezone will acquire BHP’s entire 17 percent interest in the Kabanga nickel project for deferred consideration of up to $83 million. The transaction, announced on Friday, will lift Lifezone’s holding to 84 percent, with the Tanzanian government retaining...
READ MOREAugusta 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...
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