Metals Wire Metals Wire Metals Wire
  • Base Metals
  • Precious metals
  • LME news
  • HiTech
Base Metals Copper Deals News

Deals news

October 3, 2023#Deals #News

Alien Metals Ltd Finalizes Heritage Agreements for Hancock Iron Ore Project

by Staff Writer

Alien Metals Ltd has reported that its subsidiary, the Iron Ore Company of Australia, has secured Heritage Agreements with the Karlka Nyiyaparli Aboriginal Corporation RNTBC. The agreements concern two exploration licences and one miscellaneous licence associated with the Hancock Iron Ore Project in Western Australia’s Pilbara Region. Alien Metals owns a 90% interest in this project. The Heritage Agreements cover...

Read More
October 2, 2023#Base Metals #Copper #Deals

Almalyk Copper Plant in Uzbekistan Obtains $2.55 Billion Loan for Production Boost

by Staff Writer

The Almalyk Mining and Metals Combine (AGMK), a significant copper, silver, and gold producer in Uzbekistan, has secured a $2.55 billion loan from Germany’s KfW-IPEX Bank. This financial move aims to double AGMK’s current production capacity. Last year, AGMK produced 148,500 metric tons of copper. AGMK’s operations are primarily based on reserves of copper-molybdenum, lead-zinc, and gold-silver deposits found in...

Read More
September 29, 2023#Deals #News

Spruce Ridge Resources Ltd. Secures Agreement with Benton Resources Inc. for Newfoundland Property

by Editor Metals

Spruce Ridge Resources Ltd has confirmed its option agreement with Benton Resources Inc. as of September 20, 2023. Through this agreement, Benton has the option to earn up to a 70% stake in Spruce’s Great Burnt Copper/Gold Property. Key Points of the Agreement: Upon Benton securing a 70% interest, both companies will jointly operate the property. Should either company’s interest...

Read More
September 29, 2023#Deals #News

The $1bn Metals Deal That Didn’t Stick

by Staff Writer

ACG’s Big Swing ACG Acquisition Co had a plan – buy a nickel and copper mine from Appian Capital for a cool billion. This wasn’t just any purchase. It was a gamble on metals vital for green energy. With heavy hitters like Glencore, Chrysler’s parent Stellantis, and Volkswagen’s battery branch, PowerCo, backing the play, it seemed like a done deal....

Read More
September 25, 2023#Deals #News

Pan American Silver Completes Divestment of MARA and Morococha

by Expert Base Metals

Pan American Silver (PAAS) has successfully completed the previously announced divestment of its 56.25% stake in the MARA project in Argentina and its 92.3% ownership in the Morococha mine in Peru. These divestments align with Pan American’s strategic goal of optimizing its portfolio after acquiring Yamana Gold. The transactions will lead to a reduction in the company’s annual costs related...

Read More
September 25, 2023#Deals #News

Alcoa Corporation Names William F. Oplinger as President and CEO

by Staff Writer

In a significant announcement, Alcoa Corporation (NYSE: AA) has revealed that William F. Oplinger will take the helm as President and Chief Executive Officer of the company, as well as become a member of its Board of Directors. Oplinger, 56, steps into his new role after serving as the Company’s Executive Vice President and Chief Operations Officer since February 2023....

Read More
September 22, 2023#Base Metals #Copper #Deals

Bayrock Resources Expands Mineral Lease Area for Vuostok Nickel-Copper Project in Northern Sweden

by Staff Writer

Bayrock Resources, backed by QX Resources, has announced an expansion of the mineral lease area for its promising Vuostok nickel-copper project located in Northern Sweden. QX Resources, led by Steve Promnitz, acquired a 39% stake in Bayrock Resources, an unlisted Australian company with a portfolio of nickel-copper-cobalt projects in Sweden, in July. The Vuostok project is situated approximately 60km northwest...

Read More
September 18, 2023#Battery #Deals

Ma’aden and KAUST Join Forces in Groundbreaking Lithium Extraction Venture

by Staff Writer

Saudi Arabian Mining Company (Ma’aden) and King Abdullah University of Science and Technology (KAUST) have reached an agreement to jointly invest in the startup known as Lithium Infinity (Lihytech). The innovative technology has the capability to extract lithium from unconventional sources, including seawater. It possesses the potential to translate KAUST’s research into commercial viability, thus delivering strategic significance and value...

Read More
September 6, 2023#Base Metals #Copper #Deals

Chinese Groups Among Contenders for $2 Billion Botswana Copper Mine Acquisition

by Bloomberg

Three Chinese entities are among the remaining contenders vying to acquire a Botswana copper mine potentially valued at around $2 billion, as disclosed by individuals familiar with the matter. Zijin Mining Group Co., MMG Ltd., and Aluminium Corp. of China, also known as Chinalco, have advanced to the second round of the bidding process for the Khoemacau project, according to...

Read More
September 5, 2023#Deals

AO Almalyk Mining and Metallurgical Complex Signs Memorandum of Understanding and Cooperation with Chinese Company

by Staff Writer

On September 5, 2023, a Uzbek-Chinese business forum took place in Tashkent, within the framework of which events were held to commemorate the 10th anniversary of the “Belt and Road” initiative and a conference on cooperation and exchange between China (Shandong) and Uzbekistan. The aim of these events was to promote the joint utilization of the “Belt and Road” opportunities,...

Read More
  • 1
  • 2
  • …
  • 11
  • Next
  • About Metals Wire
    • Our principles
    • Privacy Policy
    • Stay in touch
  • Base Metals News
    • Nickel
    • Copper
  • Precious Metals News
    • Platinum
  • Other Stories
    • Deals
    • Battery
    • ESG
2023 Metals Wire Creative Commons Attribution 4.0 International