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Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
Published: 03 May 24
he CEO of Canadian miner Hudbay Minerals said BHP Group's $39-billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines.
Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies.
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Glencore studying an approach for Anglo American, sources say
Published: 03 May 24
Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company.
Glencore has not yet approached Anglo, one of the sources said. The discussions are internal and preliminary at this stage and may not result in an approach, the source added.
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Waste Rock Project, Zambia
Published: 03 May 24
A joint venture comprising Jubilee Metals Group and International Resources Holding plans to process more than 260-million tonnes of copper-containing surface material from the project.
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Copperwood project, US
Published: 03 May 24
The state of Michigan granted Highland Copper a performance-based grant for the project in April 2024.
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