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Toronto - Toronto Delayed Price. Currency in USD
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  • Bloomberg2 years ago

    Antofagasta Agrees to Acquire Canadian Explorer Duluth Metals

    Antofagasta Plc (ANTO) , the copper producer controlled by Chile’s Luksic family, agreed to acquire Duluth Metals Ltd. (DM) in a deal that values the Canadian exploration company at C$61.6 million ($54.6 million). In a “friendly takeover bid,” Antofagasta will pay 0.45 Canadian cents a share, which represents a 284 percent premium to its average price on the Toronto Stock Exchange in the 20 days through Oct. 31, Duluth said today in a statement. Duluth had about C$37.6 million of debt at the end of June. “During a difficult period for the mining industry, Duluth has been able to negotiate a significant premium to the current market share price,” Kelly Osborne, president and chief executive officer of Toronto-based Duluth, said in the statement.

  • Associated Press2 years ago

    Study shows Twin Metals mine economically feasible

    A study shows the proposed Twin Metals Minnesota copper-nickel mine in northeastern Minnesota would be economically competitive, profitable and sustainable for 30 years, the project's majority owner said ...

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