BHP's Potential Third Bid For Anglo American; McEwen Reports Successful Assay Results; GoldMining Elects Directors And More: Friday's Top Mining Stories

Zinger Key Points
  • BHP shareholders expect a final bid for Anglo American before the May 22 deadline.
  • McEwen Copper's Los Azules project shows increased resources and new porphyry target three kilometers east.

Top Stories for May 17, 2024:

1. BHP BHP shareholders expect one last bid for Anglo American AAUKF before the regulatory deadline. 

Anglo rejected two previous offers, choosing to restructure and focus on copper and iron ore. 

Despite these moves, investor skepticism remains as Anglo’s shares trade below the bid price. 

Sources from both companies anticipate a third bid before the May 22 deadline.

2. McEwen Copper's MUX majority owned by McEwen Mining reported successful assay results from the Los Azules project in Argentina. 

The recent drilling confirmed the deposit’s size and grade, indicating an increase in measured and indicated resources close to the 2023 PEA estimate. 

Mineralization was found north and south of the current pit, extending known deposits. 

Additionally, a new target three kilometers east shows signs of a large porphyry system, with results pending.

Also Read: New Mining Alliance Targets Copper Exploration In Arizona, New Mexico, And Utah

3. GoldMining GLDG announced that all nominees listed in its March 25 management information circular were elected as directors at the annual general meeting on May 16, with a quorum of 32.49% of votes present.

4. Piedmont Lithium PLL announced executive and senior leadership participation in several upcoming industry conferences: TD Cowen Sustainability Week (May 21-23), KeyBanc Industrials and Basic Materials Conference (May 28-30), THE Mining Investment Event of the North (June 4-6), Evercore ISI Global Clean Energy Summit (June 11-12) and others through June 27.

Now Read: Piedmont Lithium, Lithium Americas, American Battery Technology Lead The Energy Transition: Which Stock Offers More Upside?

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