International news within the industry of mining and metal, Jul, 23 2018
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Australian miner to acquire copper-gold business under $320M deal

Photo: OZ Minerals
Photo: OZ Minerals
Published by
Jaroslaw Adamowski - 03 Apr 2018

Australia’s OZ Minerals has made a takeover of-fer worth A$418 million ($320 million) for Avanco Resources, a Bra-zilian-focused copper-gold mining company.

 

"The acquisition of Avanco would immediately add to OZ Minerals' copper production profile and provides expansion options in the highly prospective Carajás copper province and Gurupi gold belt in Brazil," OZ Minerals said in a statement. "The transaction is con-sistent with OZ Minerals' objective of becoming a multi-asset, copper-core, global modern mining company.”

 

The offer was unanimously recommended by Avanco’s board. The company’s shareholders who represent a total of 30.62% of Avanco shares have indicated thay they will accept the offer in the absence of a superior proposal, according to the statement.

 

Avanco currently produces between 12,000 tonnes and 14,000 tonens of copper per year. The company has assets in Brazil’s Ca-rajás copper region and the Gurupi greenstone belt.

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...