- Write by:
-
Monday, February 21, 2022 - 12:55:19
-
602 Visit
-
Print
Mining News Pro - IGO Ltd has won an auction to buy Glencore Plc’s CSA copper mine in western New South Wales, according to a local media report.
The auction had previously been between Perth-based miner IGO and New York Stock Exchange listed Metals Acquisition Corp., Australian Financial Review reported Sunday without citing where it got the information from. IGO is the preferred bidder and is in final negotiations around terms of the deal, according to the newspaper.
The mine produces about 50,000 tons of copper, according to Glencore data and is expected to be worth above A$1 billion ($718 million).
Last December, IGO agreed to buy nickel miner Western Areas Ltd. in a A$1.1 billion cash deal that provides it with scale to compete with BHP Group Ltd., which dominates Australian production of the battery metal.
Short Link:
https://www.miningnews.ir/En/News/620708
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
No comments have been posted yet ...