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World Copper Announces Appointment of Mark Lotz As CEO
Newsfile· 2025-11-26 22:34
Core Insights - World Copper Ltd. has appointed Mark Lotz as the new Chief Executive Officer and President, effective November 24, 2025, bringing 30 years of experience in public practice and senior management across various industries [1] Company Overview - World Copper Ltd. is a Canadian resource company headquartered in Vancouver, BC, with detailed information available on its website and social media platforms [2]
Proposed Teck-Anglo merger is subject to national security review, Canada says
Yahoo Finance· 2025-11-26 20:52
Core Viewpoint - Canada will conduct a national security review of the proposed $53 billion merger between Anglo American and Teck Resources, which is significant in the mining industry and requires regulatory approval [1][2]. Group 1: Merger Details - The proposed merger aims to create a copper giant, combining the companies' copper assets primarily located in Chile, while Teck also owns the Highland Valley copper mine in Canada [2][4]. - The leadership of both companies has proposed relocating the combined headquarters to Vancouver and maintaining a dual listing, but Ottawa has requested additional commitments regarding investment and job security [3]. Group 2: Regulatory Context - The national security review will assess the potential impact of the merger on critical minerals and supply chains, with copper being classified as a critical mineral by Canada [3]. - The Investment Canada Act was amended in 2024 to impose stricter regulations on large foreign acquisitions of domestic companies, particularly concerning national security implications [4]. Group 3: Shareholder Actions - Teck shareholders are set to vote on the merger on December 9, and a proxy advisory firm has recommended that shareholders vote in favor of the deal [5].
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Teck Shareholders Vote “FOR” the Merger of Equals with Anglo American
Globenewswire· 2025-11-26 19:19
Core Viewpoint - Teck Resources Limited's Board of Directors unanimously recommends shareholders vote "FOR" the merger with Anglo American plc, highlighting significant benefits and value creation opportunities for shareholders [1][2]. Summary by Sections Merger Recommendation - Independent proxy advisory firms ISS and Glass Lewis have recommended that Teck shareholders vote "FOR" the merger, affirming the Board's view that this merger is the best path forward for all stakeholders [1][2]. - The merger is positioned as a unique opportunity to create a global critical minerals champion with increased scale and a strong portfolio of copper and critical minerals assets [2]. Shareholder Voting - Teck shareholders of record as of October 20, 2025, are encouraged to vote "FOR" the merger before the proxy voting deadline of December 5, 2025, at 11:00 a.m. PST [3]. Support for the Merger - The merger has unanimous support from the Teck Board and significant backing from major shareholders, including Temagami Mining Company Limited and SMM Resources Incorporated, representing approximately 79.8% of issued and outstanding Teck Class A common shares [7]. Strategic Benefits - ISS noted that the merger makes strategic sense due to anticipated synergies and benefits, with expectations of increased liquidity and a stronger financial position for the combined company [6]. - Glass Lewis emphasized the strategic merits of the merger, suggesting it positions the combined entity as a financially stronger producer with meaningful upside from operational integration [6]. Regulatory and Approval Process - The merger is subject to shareholder approvals and customary closing conditions, including regulatory approvals under the Investment Canada Act and other jurisdictions [5].
Rio Tinto to sell US boron assets
MINING.COM· 2025-11-26 18:04
Core Viewpoint - Rio Tinto is planning to sell its boron assets in California as part of its strategy to simplify operations under new CEO Simon Trott, with the sale expected to generate up to $2 billion [1][6]. Group 1: Company Strategy - The sale of the boron mine aligns with Rio Tinto's efforts to reorganize its operations into three divisions and review its minerals unit, which includes borates [5]. - The company has been focusing on maximizing earnings from its core businesses, primarily iron ore, copper, and aluminum [5]. Group 2: Asset Details - Rio Tinto's California boron assets include a mine and processing operations in the Mojave Desert, a refinery and shipping facility in Los Angeles, and the Owens Lake mining operation [1]. - These assets account for approximately 30% of global boron demand [2]. - The California boron mine has been operational for nearly 100 years and is a leading producer of borates and boron chemicals, with reserves expected to support production through the early 2040s [4]. Group 3: Market Context - Boron is utilized in various industrial applications, including fertilizers, glass and ceramics manufacturing, fiberglass insulation, and strengthening metal alloys [3]. - The U.S. has recognized boron as a critical mineral, highlighting its importance in economic and national security-related products [3]. Group 4: Sales Process - Rio Tinto has engaged UBS Group AG and JPMorgan Chase to assist with the sales process, which is anticipated to commence within the next two weeks [6]. - Potential bidders for the boron assets are likely to include private equity firms and chemical producers [6].
X @Bloomberg
Bloomberg· 2025-11-26 17:20
ISS recommends investors vote in favor of Anglo's combination with Teck next month, the second shareholder advisory firm to support the mining deal https://t.co/sING4hZgKh ...
Triple Flag: A Precious Metals Compounder At A Reasonable Price
Seeking Alpha· 2025-11-26 16:08
Group 1 - The article discusses the offerings of Alluvial Gold Research, which provides in-depth research on undervalued miners with upcoming catalysts to enhance portfolio performance [1] - Taylor Dart, the leader of Alluvial Gold Research, has over 16 years of trading experience, focusing on precious metals developers, producers, and royalty/streaming companies [1] - Subscribers to Alluvial Gold Research gain access to current portfolios, real-time buy/sell alerts, and proprietary sentiment indicators for gold and silver miners [1] Group 2 - The analyst has a beneficial long position in shares of TFPM, TFPM:CA, AEM, and AEM:CA through stock ownership, options, or other derivatives [2] - The article expresses the author's opinions and does not involve compensation from companies mentioned [2] Group 3 - The writing is for informational purposes and does not constitute financial or investment advice [3] - Position sizing is emphasized as critical in the volatile precious metals sector, recommending that small-cap precious metals stock positions should be limited to 5% or less of one's portfolio [3]
X @Bloomberg
Bloomberg· 2025-11-26 15:58
Rio Tinto is seeking to divest its US assets that produce boron, a critical mineral used in various applications ranging from fertilizers to glass making, say people familiar with the matter https://t.co/mBK2JD1KnU ...
X @Wendy O
Wendy O· 2025-11-26 13:28
BTC proxy $CANG is now listed on NYSEPreviously listed on Nasdaq; now successfully converted previous American Depositary Shares (ADS) into ordinary shares on the NYSE at a 1:2 ratioOne of the fastest-growing mining companies in the industry, Cango has achieved a 6,773 BTC reserve in just 9 months@Cango_Group has achieved 50 EH/s of hashpower, ranking among the global top three.Cango has continuously improved its operational efficiency, raising hash-rate efficiency from 81% in July to around 93%, and achiev ...
X @Bloomberg
Bloomberg· 2025-11-26 13:18
The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator https://t.co/hlIQjz7HmY ...
Freeport-McMoRan Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – FCX
Businesswire· 2025-11-26 13:15
Core Viewpoint - Freeport-McMoRan Inc. is facing a lawsuit for alleged violations of securities laws, which may impact its financial standing and investor confidence [1] Group 1 - The lawsuit has been initiated by the DJS Law Group, indicating potential legal challenges for Freeport-McMoRan [1] - The allegations pertain to securities law violations, which could lead to significant financial repercussions for the company [1]