Page 13 - Johan Van Jaarsveld News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Lara Exploration to buy Kenita Property in Peru from BHP
mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
Battery blitz: Twiggy Forrest fights BHP for Canadian nickel miner
theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Cashed-up Forrest trumps BHP in nickel bidding war
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
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.