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Glencore Submits Non-Binding Acquisition Proposal to PolyMet Board

Retrieved on:

Monday, July 3, 2023

Paris, Life, Marketing, International Council, Extractive Industries Transparency Initiative, Steel, Voluntary Principles on Security and Human Rights, Natural Resources, Security, International Council on Mining and Metals, Mining, Metal, Glencore

BAAR, Switzerland, July 03, 2023 (GLOBE NEWSWIRE) -- On June 30, 2023, Glencore AG, a wholly-owned subsidiary of Glencore plc (together “Glencore”) submitted a non-binding proposal to the board of directors of PolyMet Mining Corp. (“PolyMet”) to acquire all of the outstanding common shares of PolyMet (“Common Shares”), other than those shares currently held by Glencore (the “Proposal”). Under the Proposal, each Common Share would be acquired for consideration of US$2.11 in cash, which is at par with the recent Rights Offering done by PolyMet in April 2023. The Proposal is subject to the negotiation and execution of definitive transaction documents and customary approvals, including approval of a majority of PolyMet’s shareholders not affiliated with Glencore.

Key Points:

Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals.
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities.
In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general.

South Africa Coal Mining Industry Report 2023: Production, Price and Trade Statistics, Major Players, Developments and Corporate Actions - ResearchAndMarkets.com

Retrieved on:

Wednesday, June 28, 2023

Coal, Energy, Pressure, Eskom, South African Bureau of Standards, Sasol, ARM, Carbon, Exxaro, Transnet, Port of Richards Bay, Glencore, Coal mining, Environment

The "The Coal Mining Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "The Coal Mining Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
This report on the coal industry in South Africa includes comprehensive information on the size and state of the sector including production, price and trade statistics, as well as information on the major players, developments and corporate actions.
There are profiles of 14 notable coal mining companies including Seriti Resources, Thungela Operations, Exxaro Resources, Sasol Mining, ARM Coal, Glencore and Canyon Coal.
Mining companies are facing increasing pressure to cease their coal mining activities and some local financial institutions are scaling back their funding of coal mining projects.

Lithium Based Batteries Offer Higher Energy Density Alongside Lower Emissions

Retrieved on:

Tuesday, June 27, 2023

Lithium, Unit, Mineral, Geology, Aviation, EVS, Paradox Formation, Transport, News, NYSE, IRR, Financial News, DLE, EV, Nidec, USD, Bromine, Siemens, Knowledge, Growth, Tesla, Investment, LCE, Human, SQM, SLI, Boron, Record, Caterpillar Inc., Cell, PFS, SWA, Paradox, PEA, NPV, NI, Water, Warrant, Paradox Basin, Greenhouse, Economics, S&P Global, GHG, Glencore, Sale, Public expenditure, OTC, Potassium, TSE

NEW YORK, June 27, 2023 /PRNewswire/ -- Lithium has emerged as a critical element in today's world, revolutionizing the energy sector and driving advancements in technology. One of the key advantages of lithium is its efficiency in storing and releasing electrical energy. Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives. These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy. Such batteries are often used in electric vehicles (EVs), and as the demand for renewable energy and EVs continues to soar, the lithium market has become increasingly important. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer greenhouse gases (GHG) than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, and extend the vehicle range up to 400 miles per charge or more. Sage Potash Corp. (TSX-V: SAGE), American Lithium Corp. (NASDAQ: AMLI), Standard Lithium Ltd. (NYSE: SLI), Sigma Lithium Corporation (NASDAQ: SGML), FREYR Battery (NYSE: FREY)

Key Points:

Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives.
These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy.
For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market.
Sage Potash Corp. (TSX-V: SAGE) just announced breaking news regarding the, "formation of a U.S. subsidiary, Sage Lithium Corp. ("Sage Lithium").

Lithium Based Batteries Offer Higher Energy Density Alongside Lower Emissions

Retrieved on:

Tuesday, June 27, 2023

NEW YORK, June 27, 2023 /PRNewswire/ -- Lithium has emerged as a critical element in today's world, revolutionizing the energy sector and driving advancements in technology. One of the key advantages of lithium is its efficiency in storing and releasing electrical energy. Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives. These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy. Such batteries are often used in electric vehicles (EVs), and as the demand for renewable energy and EVs continues to soar, the lithium market has become increasingly important. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer greenhouse gases (GHG) than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, and extend the vehicle range up to 400 miles per charge or more. Sage Potash Corp. (TSX-V: SAGE), American Lithium Corp. (NASDAQ: AMLI), Standard Lithium Ltd. (NYSE: SLI), Sigma Lithium Corporation (NASDAQ: SGML), FREYR Battery (NYSE: FREY)

Key Points:

Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives.
These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy.
For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market.
Sage Potash Corp. (TSX-V: SAGE) just announced breaking news regarding the, "formation of a U.S. subsidiary, Sage Lithium Corp. ("Sage Lithium").

Trevali Completes Sale of Rosh Pinah Mine

Retrieved on:

Tuesday, June 27, 2023

VANCOUVER, BC, June 27, 2023 /PRNewswire/ - Trevali Mining Corporation ("Trevali" or the "Company") is pleased to announce that, further to the press release on December 16, 2022, it has completed the sale of its 90% interest in the Rosh Pinah Mine located in Namibia to funds advised by Appian Capital Advisory LLP (jointly "Appian").

Key Points:

VANCOUVER, BC, June 27, 2023 /PRNewswire/ - Trevali Mining Corporation ("Trevali" or the "Company") is pleased to announce that, further to the press release on December 16, 2022, it has completed the sale of its 90% interest in the Rosh Pinah Mine located in Namibia to funds advised by Appian Capital Advisory LLP (jointly "Appian").
In accordance with the share and asset purchase agreement between the parties, Appian purchased the issued and outstanding shares held by Trevali in GLCR Limited ("GLCR") and assumed certain capital loans owed to Trevali by subsidiaries of GLCR (collectively, the "Transaction").
Blake, Cassels & Graydon LLP acted as counsel to Trevali and Stikeman Elliott LLP acted as counsel to Appian.
National Bank Financial acted as financial advisor to Trevali and Black Swan Advisors Inc. acted as restructuring advisor to Trevali.

Canada Nickel Reports Encouraging Initial Metallurgical Results from its Texmont Project, Announces Consolidation of Texmont Region

Retrieved on:

Thursday, June 22, 2023

XPS, CNC, Metallurgy, Economics, Nickel, Glencore, Cobalt, News, Mining, Rare-earth element, Uranium mining

Mark Selby, CEO said, "Texmont continues to deliver excellent results, with initial metallurgy yielding nickel and cobalt recoveries and concentrate grades exceeding our expectations.

Key Points:

Mark Selby, CEO said, "Texmont continues to deliver excellent results, with initial metallurgy yielding nickel and cobalt recoveries and concentrate grades exceeding our expectations.
Further, these results were achieved with a simple flowsheet which will maximize potential opportunities to toll mill our initial production.
I look forward to the next phases of work while we complete our initial resource on Texmont and complete a Preliminary Economic Analysis ("PEA") by year-end."
Table 1 summarizes the results of open circuit testing completed at XPS (A Glencore Company), on three samples from Texmont, with head grades ranging from 0.67 – 1.52% nickel.

Osisko Announces Closing of CSA Stream Transactions

Retrieved on:

Friday, June 16, 2023

The closing date of the Metals Stream and Acquisition Transaction was June 15, 2023 (the “Closing Date”).

Key Points:

The closing date of the Metals Stream and Acquisition Transaction was June 15, 2023 (the “Closing Date”).
CSA is a high-grade, long-life, underground copper-silver mine located approximately 12km west-northwest of the town of Cobar in New South Wales, Australia.
CSA is located along a highly prospective geological trend that is known to host major deposits in the Cobar region.
CSA is the largest employer in the Cobar region and enjoys strong relationships with local stakeholders.

Metals Acquisition Limited Closes Purchase of the CSA Copper Mine

Retrieved on:

Friday, June 16, 2023

Natural Resources, Other Natural Resources, Mining, Minerals, CSA, PIPE, USD, Sale, Citigroup, MAC, Acquisition, CMPL, Copper, Cryptocurrency, Glencore

Metals Acquisition Limited (MAC) and Glencore have today closed the purchase and sale of Glencore’s 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the CSA copper mine in New South Wales, Australia.

Key Points:

Metals Acquisition Limited (MAC) and Glencore have today closed the purchase and sale of Glencore’s 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the CSA copper mine in New South Wales, Australia.
In connection with the closing of the business combination, Metals Acquisition Limited completed its previously-announced merger with Metals Acquisition Corp, a special purpose acquisition company.
The purchase consideration also includes:
USD$75m deferred payment to be paid within 12 months;
USD$150m contingent payment upon future copper prices;
1.5% life of mine Net Smelter Return royalty on copper.
Today is truly an exciting moment for all of us at Metals Acquisition Limited, the new owner and operator of this historic asset.

BCI Signs Agreement in Support of Proposed Merger Between Viterra and Bunge

Retrieved on:

Tuesday, June 13, 2023

BCI, Fats, Glencore, Agriculture, Climate change, Crown corporations of Canada, Bunge Limited, Food security, NYSE, CPP Investment Board, Bunge, Viterra

Victoria, CANADA, June 13, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation (BCI) announced today it has signed a definitive agreement in support of the proposed merger between Viterra Limited (Viterra) and Bunge Limited (NYSE:BG) (Bunge), an agriculture, commodities, and food company.

Key Points:

Victoria, CANADA, June 13, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation (BCI) announced today it has signed a definitive agreement in support of the proposed merger between Viterra Limited (Viterra) and Bunge Limited (NYSE:BG) (Bunge), an agriculture, commodities, and food company.
BCI owns 10 per cent of Viterra and will exchange its ownership for a minority stake in the combined entity and cash upon the close of the transaction.
Viterra is a leading, global agriculture network, which connects producers to consumers with sustainable, traceable, and quality-controlled agricultural products.
Bunge is a leader in oilseed processing and a significant global producer and supplier of plant-based oils and fats.

Bunge and Viterra to Combine to Create a Premier Diversified Global Agribusiness Solutions Company

Retrieved on:

Tuesday, June 13, 2023

The merger of Bunge and Viterra will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.

Key Points:

The merger of Bunge and Viterra will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.
As part of the transaction, Bunge will assume $9.8 billion of Viterra debt, which is associated with approximately $9.0 billion of highly-liquid Readily Marketable Inventories.
In addition, Bunge plans to repurchase $2.0 billion of Bunge’s stock (the “Repurchase Plan”) to enhance accretion to adjusted EPS.
Viterra Chief Executive Officer David Mattiske will join the Bunge Executive Leadership Team in the role of Co-Chief Operating Officer.