A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
Niobium Mining News
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.
In what was probably the least publicized bidding war in mining history, fifteen companies took part in the sale of Anglo American’s niobium and phosphates operations located in the states Goiás and São Paulo, in Brazil.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.
Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.
Anglo hopes to get $1 billion bids for its niobium and phosphate assets next week
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.
This is the first asset Aaron Regent's private equity firm acquires, after failing to buy Glencore’s Las Bambas copper project in Peru.
NioCorp Developments' El Creek niobium mine could become the first such a mine in the US, which currently imports 100% of its needs for the metal.
Exploration and evaluation expenditure for Q4 2013 totalled $166 million, a decrease of 19%.
Recovery slowed in 2012 but a return to long-term growth is certain.
Quebec is regarded as one of the most attractive jurisdictions in the world for mining, if not the very best. But is that about to change? The Parti Québécois victory in Wednesday’s election has raised concerns that changes could be coming, both to Quebec’s mining-friendly tax regime and to Plan Nord, its $80-billion northern development strategy.
Brazilian investment in mining is about to shatter a five-year record.
Canadian base metals producer Taseko Mines (TSX:TKO) has come out with a new resource estimate at its Aley niobium project in northern BC.