Northern Star Resources agreed to buy De Grey Mining in an all-stock deal valued at about $3.26 billion as gold companies race to secure new mines at a time when prices for the precious metal are near an all-time high.
The Australian company is betting American-made graphite will be in demand as battery makers seek to reduce their reliance on China for materials essential to the energy transition
The miner is finding it difficult to stamp out sexual harassment, racism, and bullying as it faces resistance and backlash from some workers to its efforts to overhaul the culture.
Sayona Mining agreed to buy North Carolina-based Piedmont Lithium to create a top North American lithium producer that can better withstand swings in the fast-growing lithium market.
The Australian miner agreed to settle a tax dispute as it seeks to secure the release of its chief executive and two other employees detained in the West African country.
Chief Executive Terence Holohan and two other employees have been detained by government officials in Mali, where the Australian company runs gold-mining operations.
With tailwinds from a record-high gold price, Evolution is racing to pay down debt accumulated from acquisitions and to show investors that a difficult Canadian mining operation can make money.
The settlement between the two miners and the Brazilian government is the result of years of litigation after the dam collapse that killed 19 people and polluted more than 400 miles of river.
The miner also said its production costs are tracking at the low end of full-year guidance as it targets cost-cutting and productivity improvements at its newest operations.
Mining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.