Noranda Income Fund announced today that it has entered into an arrangement agreement with Glencore Canada Corporation by which Glencore will acquire all of the issued and outstanding priority units of the Fund for C$1.42 per unit, by way of a court approved plan of arrangement, for total consideration of approximately C$53.2 million . The purchase [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce that the Company has finalised the binding exploration earn-in agreements with MIM, a subsidiary of one of the world's largest mining companies, Glencore. As announced to the market on 8 June 2022, Austral and MIM entered into a value generating nonbinding complementary [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce that the Company has entered into reciprocal non-binding exploration earn-in agreements with MIM, a subsidiary of one of the world's largest mining companies, Glencore. The reciprocal nature of the Earn-in Agreements is value generating for both parties. For Austral, this will [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce the appointment of Mr Michael Hansel as a non-executive director, effective today. Michael is a Corporate Partner of HopgoodGanim Lawyers specialising in mergers and acquisitions, IPO's, corporate governance, capital raisings, takeovers and joint ventures. Michael acts for a [...]
Copper producer Austral Resources Australia Ltd is pleased to announce that the Company has entered into a binding offtake and prepayment facility , with one of the world's largest mining companies, Glencore plc . Under the Offtake Agreement, Glencore will have the offtake rights for up to 40,000t of copper cathode production from Austral's Anthill [...]
Nova Royalty Corp. is pleased to announce that it has completed a royalty purchase agreement with Sociedad Minera Auromín Limitada pursuant to which Nova acquired the rights to be granted a 1.0% net proceeds royalty on the West Wall copper-gold-molybdenum project for US$4.2 million in cash. West Wall is owned by a 50/50 joint venture between [...]
Katanga Mining is pleased to announce the successful completion of its previously announced amalgamation with 836074 Yukon Inc. The Amalgamation was approved by 99.9% of the votes cast by shareholders of the Company at the Company's special meeting of Shareholders held on June 2, 2020, and the Amalgamation was completed pursuant to Section 183 and [...]
BAAR, SWITZERLAND--(Marketwired - Aug 31, 2017) - Glencore plc ("Glencore") has today completed the sale of its 80% interest in the Rosh Pinah Mine in Namibia and its 90% interest in the Perkoa mine in Burkina Faso to Trevali Mining Corp. ("Trevali") (the "Transaction") pursuant to share purchase agreements dated March 13, 2017, as amended March [...]
Champion Iron is pleased to announce that it has secured a conditional financing commitment of US$25 million from Glencore International AG for the non-brokered sale of a subordinated unsecured mandatory convertible debenture on a private placement basis. This financing commitment is entered into in connection with the restart of operations at the [...]
Pacific American Coal announced today the appointment of Mr Mark Lochtenberg as Managing Director to push forward development of the Company's flagship hard coking coal project, Elko, in British Columbia, Canada. He will commence on February 1, 2017. Mr Lochtenberg has substantial global and Australian coal industry experience, including as former [...]
TORONTO, ON--(Marketwired - August 03, 2016) - On September 28, 2015, it was announced that an agreement had been reached to sell the Glencore Araguaia nickel project ("GAP") in north central Brazil to HZM. Pursuant to a conditional asset purchase agreement ("Asset Purchase Agreement") between, amongst others, Horizonte Minerals Plc ("HZM") and [...]
Caracal Energy announced today that Glencore has received Investment Canada Act approval in connection with the plan of arrangement to effect the acquisition of all the issued and outstanding common shares of Caracal by a wholly owned subsidiary of Glencore. Investment Canada Act approval was the final outstanding regulatory approval with respect [...]
