23
Aug
16:57
NICKEL: Noront backs BHP’s takeover offer in Wyloo row
Canadian nickel miner Noront Resources has refuted “several misleading statements” from its largest shareholder Wyloo Metals amid a takeover deal with BHP, Kallanish reports.
The Australia-based company, which owns around 23% of Noront, said on 19 August it will refuse to sell its shares to BHP. Owner Andrew Forrest also suggested he could return with an increased competing offer if Noront opened its books for due diligence.
Responding to the stateme…
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Very good overview of the weekly steel market.
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