Global miner Glencore , Chrysler parent Stellantis and Volkswagen's battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two mines in Brazil, ACG said on Monday.
battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two mines in Brazil, ACG said on Monday.picks up, spurred in part by investors betting on rising demand for metals needed for the global green energy transition in coming years.
Only a few such deals have taken place in mining, including Vision Blue Resources, a fund founded by former Xstrata boss Mick Davis backing a $300 million SPAC, and Metals Acquisition Corp, which listed in New York and bought a copper mine owned by Glencore.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Glencore Approaches Teck Over Its Coal BusinessSwiss mining and trading giant Glencore has approached Canadian miner Teck Resources over buying its coal assets
Read more »
Glencore makes offer for Teck's steelmaking coal businessGlencore on Monday offered to buy Teck Resources' steelmaking coal business as a standalone unit, after the Canadian miner twice rebuffed its $22.5 billon offer to combine the two companies.
Read more »
Glencore Approaches Teck Over Its Coal BusinessSwiss mining and trading giant Glencore has approached Canadian miner Teck Resources over buying its coal assets
Read more »
Photos: Athletes compete in 42nd annual Escape from Alcatraz Triathlon in San FranciscoFirst-time competitor Marc Dubrick, of Illinois, won the men’s division, and Vittoria Lopes, of Brazil, won the women’s division.
Read more »
Brazil's Indigenous communities protest over ancestral land bill — and other world news you may have missedIndigenous protesters in Brazil clashed with police last week as the country's Congress approved legislation that would limit the ability to protect ancestral lands in the Amazon, Reuters reported.
Read more »