Hostile takeovers are never pretty, but the battle between Barrick Gold and Newmont Mining has all the appearance of an outright brawl.
In the past week, leaders at the two companies have disparaged their counterparts as inept managers who have squan…
Newmont-Barrick battle puts the ‘hostile’ into hostile takeover Read More »
Barrick Gold plans to proceed with a formal takeover offer for Newmont Mining, undeterred by a rebuff from the target company. Newmont’s board unanimously rejected Barrick’s $17.8-billion unsolicited proposal, saying it would not be better than Newmont…
Barrick CEO vows to press on with bid for Newmont after rebuff Read More »
Environmental watchdogs say the power industry’s own data show widespread groundwater contamination near sites storing coal ash, a toxic byproduct of burning coal to generate electricity.
Groundwater monitoring wells near coal ash storage sites used b…
Toxins found near almost all coal ash ponds tracked by industry Read More »
Marijuana companies have mesmerized retail investors, depriving the mining sector of the risk capital that’s typically been its “lifeblood". But two mega-deals and a dramatic hostile battle in the gold space may finally give moribund mining stocks …
Miners ‘lifeblood’ looks poised to flow back following pot craze Read More »
United Co. Rusal, Russia’s largest aluminum producer, suspended operations at its bauxite-mining unit in Guyana over a pay conflict with employees in the South American nation.
Workers at Bauxite Company of Guyana "declined to work and demanded a …
Rusal suspends bauxite mining in Guyana over labour conflict Read More »
A coalition of billionaires led by Bill Gates has thrown its financial weight behind a startup hoping to build a "Google Maps for the earth’s crust" to hunt for new sources of cobalt.
The startup, Kobold Metals, is using data-crunching algorit…
Algorithms join hunt for cobalt backed by Gates, Bezos and Dalio Read More »
The Democratic Republic of Congo’s new President appeared to offer support to his predecessor’s defining mining policies, which are opposed by international investors active in the country. “We will clean up the business climate through the popularizat…
Congo President supports predecessor’s mining policies Read More »
Fabio Schvartsman stepped down temporarily as CEO of Vale as the world’s largest iron ore producer comes under increased government scrutiny for failing to prevent a second deadly burst of one of its hundreds of tailings dams in Brazil.
“Even totally …
Vale CEO steps down temporarily after failing to avoid disaster Read More »
Glencore CEO Ivan Glasenberg met the Democratic Republic of Congo’s new president this week, their first encounter since Felix Tshisekedi took office, according to people familiar with the matter. The meeting comes after relations between mining compan…
Glencore CEO is said to meet Congo leader after ties strained Read More »
Barrick Gold has no intention of increasing its hostile offer for Newmont Mining, according to a person familiar with the matter who asked not to be identified because the talks are private.
On Monday, Barrick proposed to buy Newmont in an all-share $…
Barrick is said to have no intention to raise Newmont offer Read More »
