Turquoise Hill shareholders could score big with Rio’s bid
Analysts predict Turquoise Hill investors will seek a higher offer than the current C$34/share bid, perhaps greater than C$50/share.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Blockade halts Southern Copper’s Cuajone mine in Peru
Operations at the massive copper mine have been suspended since Feb. 28 after protestors cut water access and blocked a key railroad.
Mineral Resources takes stake in Global Lithium, boosts battery metals exposure
The move gives Mineral Resources access to early-stage lithium projects in the Pilbara and Goldfields, where it already has existing operations.
Rio Tinto goes after Turquoise Hill in $2.7 billion bid
Buying the remaining 49% of the Canadian miner would give Rio control of the vast Oyu Tolgoi copper mine, its most important growth project.
Guinea junta halts Rio Tinto’s Simandou iron ore project
The 2-billion-tonne iron ore deposit has sat undeveloped in Guinea's southeast for 25 years.
Kinross pours first gold at La Coipa mine in Chile
It said is on track to ramp up to full production at the gold mine, located in the country’s northern Atacama region, by mid-year.
Rio Tinto cuts ties with Russian businesses over Ukraine war
The decision throws into doubt the future of Rio's aluminum joint venture with Rusal and an Irish refinery, key to Europe’s aluminum sector.
Russian fuel supply latest headache for Rio Tinto’s giant Mongolia copper expansion
“The reality is, Mongolia has two very big powerful neighbours, so it’s quite important for us to maintain healthy, peaceful, balanced relationships.”
Fresnillo’s results reflect impact of Mexico outsourcing ban
Covid-triggered staff absences and the country’s labour reform restricting the ability to subcontract workers, weighed on production.
De Beers latest sale shows diamond demand remains strong
The world’s top diamond producer by value sold $650 million worth of roughs in the second cycle, 18% more than in the same period last year.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
