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Liontown Resources’ Board Recommends Albemarle’s Revised Acquisition Bid of $4.3 Billion
September 6, 2023
Liontown Resources said that its board has unanimously recommended Albemarle’s revised bid of A$3 ($1.94) per share, which values the former at $4.3 billion (A$6.6 billion) on an equity value basis. Albemarle, which is an American specialty chemicals manufacturing company,
AngloGold Ashanti Puts Corrego Do Sitio Gold Mine on Care and Maintenance, Brazil
September 5, 2023
AngloGold Ashanti Brasil, a subsidiary of South Africa-based gold mining company AngloGold Ashanti, has decided to put the Córrego do Sítio (CDS) Mine in the Minas Gerais state of Brazil on care and maintenance. The closure follows a period of
Happy Labor Day from the Team at Mining Connection
September 1, 2023
This Labor Day, we want to recognize the hardworking individuals in the mining and oil & gas industries. It’s a day to recognize the immense efforts and dedication that go into the work done each day. You are the backbone
Newmont Receives Clearance from Australia’s Competition Regulator to Acquire Newcrest
August 23, 2023
Newmont Corporation said that following a review by the Australian Competition & Consumer Commission (ACCC), the agency has cleared the company to proceed with its proposed acquisition of Newcrest Mining Limited. The ACCC is expected to convey its clearance of
Tungsten West Applies for Final Permit at Hemerdon Tungsten-Tin Mine After Low Noise Trials, UK
August 23, 2023
Tungsten West said it has completed low frequency noise (LFN) trials at its Hemerdon Mine in Devon and submitted a formal application to the Environment Agency for a mineral processing permit. An application has also been made to vary the
Piedmont Lithium Plans Development Funding for Ewoyaa Project, Ghana
August 22, 2023
Piedmont Lithium said the company will increase its stake in Atlantic Lithium Limited’s Ewoyaa Lithium Project as part of a staged investment agreement to earn a 50 percent equity interest in Atlantic Lithium’s Ghanaian lithium portfolio. Under the terms of
JSW Steel Eyes Majority Stake in Teck Resources’ Steelmaking Coal Unit
August 18, 2023
Indian multinational steel producer JSW Steel is reportedly planning to establish a consortium to acquire a majority stake in Teck Resources’ steelmaking coal unit Elk Valley Resources. According to a Bloomberg report, the Indian firm is looking for partners to
Australian Pacific Coal Secures $50 Million Funding Commitment to Restart Dartbrook Mine
August 18, 2023
Australian Pacific Coal is set to restart operations at its Dartbrook thermal coal mine after the company secured a commitment for $50 million debt financing from a major commodity trading firm. Under the terms of the funding agreement, Australian Pacific
TechMet Closes $200 Million Equity Raise to Further Develop Critical Minerals Operations
August 17, 2023
TechMet, the leading global critical minerals investment company, has closed its latest $200 million equity fundraising round. The successful capital raise puts the company on track to exceed a billion-dollar valuation in the next few months. The latest $200 million
Mine Permitting Hampering Electric Vehicle Metals Fueled by U.S. Climate Law
August 17, 2023
The mining industry faces “considerable challenges” meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a U.S. climate law, S&P Global said in a report on Tuesday, ahead of the legislation’s one-year anniversary. The landmark U.S.
