Mining News

Australian Billionaire Andrew Forrest’s Wyloo Metals Beats BHP In Bidding War For Canada’s Noront – by Jonathan Burgos (Forbes Magazine – October 19, 2021)

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https://www.forbes.com/ Noront Resources has agreed to accept the “superior” offer by Wyloo Metals—controlled by billionaire Andrew Forrest—in a deal that values the Canadian nickel miner at C$321 million ($260 million), trumping the offer from rival BHP Group. Wyloo’s offer of C$0.70 a share represents a 27% premium to the C$0.55 bid made by BHP in …

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