Latin Metals has entered into a binding letter agreement with Atlantic Metals, a wholly owned subsidiary of Moxico Resources, a private copper miner. Under the terms of the agreement, Latin Metals granted to Moxico the option to earn a 75% interest in its Esperanza and Huachi copper exploration projects in San Juan Province, Argentina, through staged cash payments in the…
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Anglo American has rejected a raised buyout proposal of £34 billion ($42.67 billion) from rival miner BHP as it “continues to significantly undervalue” the company, reported Reuters. This follows an initial rebuffed all-share bid of £31.1 billion ($39 billion). “The latest proposal from BHP again fails to recognise the value inherent in Anglo American,” said Stuart Chambers, Anglo American chairman.…
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Anglo American has rejected BHP’s £31.1 billion ($39 billion) takeover offer, reported Reuters, for significantly undervaluing its rival. The mining giant has until May 22 to make a binding bid. “The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” Anglo Chairman Stuart Chambers said in a statement, adding that it diluted the value upside for Anglo’s shareholders…
Read MoreFollowing a long-standing relationship with an unidentified customer, FLSmidth confirmed it has received an order to supply comminution technologies to a leading copper miner in South America for their new greenfield concentrator. The order is valued at approximately DKK 380 million and was booked in Q124. The equipment is due to be delivered in 2025. The order includes the delivery…
Read MoreChilean copper miner Antofagasta and a union representing workers at its Centinela mine began a government mediation process on December 5 to avoid a potential strike, reported Reuters. Last month, the workers union, which represents nearly 400 employees, overwhelmingly rejected a contract proposal from Antofagasta, causing the miner to request mediation from the Chilean government. The mediation process will last…
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Mid-tier gold and copper miner Aura Minerals said commercial production has been achieved at its Almas open-pit gold mine in Brazil, effective August 31. The Almas mill is processing 4,000 tonnes per day, with recoveries consistently above 90% and ranging up to 92%. Approximately 4,661 ounces of gold were produced in August, with gross revenues of US$9 million. “We are…
Read MorePapua New Guinea gold and copper miner OK Tedi has picked COSOL for a three-year asset management contract, deepening its already long partnership together. Full story.
Read MoreCanadian-based global copper miner First Quantum has appointed Tristan Pascall, the company’s current COO, to take over as CEO next year. View full article from North American Mining.
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