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Going green: BHP trumps Twiggy in nickel deal, Rio to build $3 3b lithium mine

Going green: BHP trumps Twiggy in nickel deal, Rio to build $3.3b lithium mine We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Thomas Biesheuvel and Misha Savic July 28, 2021 4.20am Normal text size Advertisement BHP has trumped a bid by mining magnate Andrew Forrest to buy Canada’s Noront Resources while Rio Tinto announced plans to build a lithium mine in Serbia as the world’s biggest miners accelerate their push into metals poised to benefit from the green-energy transition. BHP’s cash offer values the company at C$325 million ($351 million), or C$0.55 cents a share, and would trump a planned rival offer from Forrest’s Wyloo Metals. Noront’s board agreed to support the BHP bid, which is a 69 per cent premium to Noront’s closing price on Monday and 129 per cent higher than where the shares traded before Wyloo announced plans for its unsolicited bid.

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BHP makes cash offer for Noront Resources, leading Ring of Fire company

Article content BHP Lonsdale, a wholly-owned subsidiary of BHP, is making an offer of 55 cents a share to take ownership of the Toronto-based mining company. Noront wants to develop the Ring of Fire in northwestern Ontario. The company plans to develop a ferrochrome smelter in Sault Ste. Marie. We apologize, but this video has failed to load. Try refreshing your browser. BHP makes cash offer for Noront Resources, leading Ring of Fire company Back to video The offer is nearly a 70 per cent premium for Noront’s shares that closed at 32 cents on Monday. Noront’s board, senior management and a major shareholder who hold about 10 per cent of the company’s shares have agreed to tender their shares.

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50 States

50 States
usatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usatoday.com Daily Mail and Mail on Sunday newspapers.

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BHP swoops on Canadian nickel miner Noront, trumping Forrest

BHP swoops on Canadian nickel miner Noront, trumping Forrest
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

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BHP makes cash offer for Noront Resources

BHP makes cash offer for Noront Resources
saultstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saultstar.com Daily Mail and Mail on Sunday newspapers.

Western australiaEagle nestNova scotiaAlan couttsFirst nationsWyloo metalsமேற்கு ஆஸ்திரேலியாகழுகு கூடுநோவா ஸ்கோடியாஆலன் கொட்டஸ்முதல் நாடுகள்