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Bidding war for Guyana Goldfields heats up
Takeover target Guyana Goldfields said it has received a proposal from a “foreign-based multinational miner” valuing the company at C$323 million ($240m), which is 35% higher than Silvercorp Metals’ offer. The Canadian firm was first approached by Silvercorp in...
Copper price rally builds as China’s spending balloons
Copper advanced to 12-week high on Thursday as China’s $700 billion stimulus program focussed on so-called “new infrastructure” and “new urbanization” kicked into gear. In a research note points out that data from China’s Ministry of Finance show the value of special...
US hopes to expand strategic minerals initiative
The U.S. State Department hopes to expand a strategic minerals initiative aimed at ensuring supply chains for metals critical for batteries and wind and solar power as demand for green energy keeps growing despite the coronavirus, a top diplomat said on Tuesday. Ten...SQM, Teck leave Revelo’s copper projects in Chile
Chile’s Sociedad Química y Minera and Canada’s Teck Resources have walked away from Revelo Resources’ copper projects in northern Chile, prompting the junior to focus on its gold projects instead. SQM, the world’s second-largest lithium miner, terminated an...