China-based Jiangxi Copper has increased its takeover bid for SolGold, valuing the Ecuador-focused gold and copper miner at around £842m ($1.12bn), with the offer rising to 28p per share. The boards of SolGold and Jiangxi Copper (Hong Kong) Investment Company, acting on behalf of Jiangxi Copper Company (JCC), made the announcement. SolGold’s board said it is “minded to recommend” the updated proposal to the shareholders if Jiangxi Copper proceeds with a formal offer on these terms. The updated offer is ...

By Clara Denina and Iain Withers LONDON (Reuters) -The $53 billion planned merger between Anglo American and Teck Resources announced on Tuesday marks a breakthrough after years of failed mining sector consolidation attempts and could spur their rivals to action. The sector's second-biggest ever tie-up that would create the world's fifth-largest copper company appears to have broad support. Anglo shares rose 9%, while Teck stock was up 14% after the announcement. Rivals Glencore, BHP, and Rio Tinto, whi ...