❌

Lese-Ansicht

Canada Offers Teck C$400 Million for Strategic Metals Growth

The Canadian government will contribute as much as C$400 million ($282 million) to Teck Resources Ltd.’s plans to boost output at a key metals refinery, creating a deal that could ensure the country receives a portion of future germanium, antimony and gallium supply.

Trail zinc-and-lead smelter in British Columbia, Canada. Photographer: Udo Weitz/Bloomberg
  •  

Anglo and Teck Investors Back Deal to Create $50 Billion Miner

Anglo American Plc and Teck Resources Ltd. shareholders voted in favor of the two companies combining, clearing a key step toward the creation of a $50 billion metals producer focused on copper mines in Chile and Peru.

The Teck Resources Ltd. Quebrada Blanca copper mine facilities in the Tarapaca Region of northern Chile.
  •  

Glencore Would Seek Equal Stake in Chile Mine Deal With Anglo

Glencore Plc said it would seek to keep an equal share of its copper joint venture with Anglo American Plc in Chile should it merge with a neighboring mine owned by Teck Resources Ltd. after the two rivals combine operations.

EDITOR'S NOTE: EDITORIAL USE ONLY. NO SALES. NO ARCHIVING. The Teck Resources Ltd. Quebrada Blanca copper mine facilities in the Tarapaca Region of northern Chile
  •  

The Three Days When BHP Tried to Crash a Copper Mega Deal

Last Thursday night, the world’s biggest miner made a brazen attempt to gatecrash one of the industry’s biggest-ever deals. Yet just three days later, the bid was already dead.

Haul trucks transport ore and waste materials at the Freeport-McMoRan open-pit copper mining complex in Morenci, Arizona, US, on Thursday, Sept. 19, 2024. Freeport-McMoRan, Rio Tinto and BHP are among the miners testing sulfide leaching as tariff threats send copper prices soaring. Photographer: Rebecca Noble/Bloomberg
  •  

BHP’s New Anglo Pitch Puts Copper Growth Plan in Focus

Until now, the mining giant had been insisting its own operations would give it the heft it needed.

A Gigantic Komatsu 930 truck arrives at the Los Bronces copper mine of the Anglo American Coorporation, 60 Km from Santiago, on December 27, 2011. Chilean state mining firm Codelco said on January 2, 2012 it was exercising its option to buy a 49 percent stake in a copper mining venture held by Anglo American in the latest twist of a long legal battle. Less than two weeks after the London-based firm filed a breach of contract suit against Codelco, the Chilean group -- the world's top copper producer -- said it had filed documents with market regulators to exercise the purchase option based on a 1978 contract between the two firms. AFP PHOTO/ARIEL MARINKOVIC (Photo by ARIEL MARINKOVIC / AFP) (Photo by ARIEL MARINKOVIC/AFP via Getty Images) Photographer: ARIEL MARINKOVIC/AFP
  •  

Teck-Anglo Deal Gets Backing From Advisory Firm Glass Lewis

Shareholder advisory firm Glass, Lewis & Co. recommended that investors of Teck Resources Ltd. and Anglo American Plc vote in favor of a deal to combine the mining companies.

Attendees ride escalators past Teck Resources Ltd. signage during the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, Ontario, Canada, on Monday, March 2, 2020. While other big conferences have been canceled, including the CERAWEEK summit in Houston which was due to start on March 9, miners declared last week that the show would go on despite the coronavirus -- with vigorous sanitation protocols in place.
  •  
❌