Latest Deals
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Glencore and major carmakers back $1bn nickel and copper mines in Brazil
Mining company Glencore, along with Stellantis and Volkswagen’s battery unit PowerGo, have agreed to back a $1bn deal by their special purpose acquisition company (SPAC) ACG Acquisition Company to purchase two Brazilian mines, ACG said in an announcement.
The UK-listed SPAC will buy a nickel sulphide mine in Santa Rita and a copper mine in Serrote.
South32 hires RBC to purchase Botswana copper
Australian miner South32 has hired Canada-based global investment bank RBC Capital to manage the purchase of Botswana’s Khoemacau copper project. Khoemacau Copper is owned and operated by Cupric Canyon Capital. The project has an annual production of 60,000 tonnes of copper and 1.6 million ounces of silver per year.
Rio Tinto to expand aluminium smelter in Quebec
Global mining group Rio Tinto will invest $1.1bn (CAD$1.4bn) into the expansion of its AP60 aluminium smelter at Complexe Jonquière in Quebec, Canada, the company announced on Monday. The total investment includes another $113m of financial support from the Quebec government.
UK consortium to invest $9bn into Indonesian mining and EV battery industries
A consortium of companies, including mining giant Glencore, plans to invest $9bn into mining and electric vehicle (EV) battery production in Indonesia, the country’s minister for investment Bahlil Lahadalia told reporters. The funds will be in part dedicated to an industrial park in the Bantaeng region on Sulawesi Island.
