Rio Tinto and Turquoise Hill ink binding takeover deal
Rio will not increase its C$43 per share cash offer despite pressure from Turquoise Hill's minority shareholders.
Cecilia Jamasmie , Editor-in-Chief
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Lucapa finds Angola mine’s sixth-largest white diamond
The 160-carat white Type IIa diamond, recovered from Lulo mine, is the sixth-largest found at the operation to date.
Turquoise Hill’s fifth largest investor rejects Rio Tinto’s bid
Sailingstone Capital Partners won't vote in favour of Rio Tinto’s intended $3.3bn takeover of the Canadian miner.
Marathon Gold board gives nod to Valentine mine
Valentine is considered the largest undeveloped gold project in Atlantic Canada.
Rio Tinto to pay $3.3 billion for full Turquoise Hill ownership
The agreement, subject to shareholders' vote, would make Rio direct owner of the giant Oyu Tolgoi copper-gold mine in Mongolia.
Ford asks US gov’t to speed up mining permits
Ford says it takes up to 10 years to complete permitting requirements for critical mineral mining in the US, versus two to three years in Canada and Australia.
Chile’s President puts proposed mining tax on the table
Mining sector says new tax would add uncertainty to investment decisions needed to help fill a global copper supply deficit.
Nexa Resources halts Peruvian zinc mine due to blockade
Activities at the Atacocha San Gerardo mine are limited to critical operations with a minimum workforce to ensure proper maintenance.
Over 20% of world mined copper now comes from sustainable operations
The figure was reached after five new sites, including Antofagasta’s Antucoya mine and Capstone’s Mantos Blancos and Mantoverde, joined Copper Mark.
Sandfire moves forward with Botswana copper mine expansion
The Australian firm plans to set up a major mining hub in the Kalahari Copper Belt.
US deploys AI agents to speed critical minerals recovery
AI-powered CICERO system cuts critical minerals recovery testing from years to days using robotics and automation.