Glencore Acquires Remaining Stake in PolyMet Mining Corp.
November 7, 2023
Glencore AG (a subsidiary of Glencore plc) completed a plan of arrangement to acquire all remaining common shares of PolyMet Mining Corp., becoming the sole beneficial owner of 100% of PolyMet. The cash consideration was US$2.11 per common share; PolyMet's head office is in St. Paul, Minnesota and the deal consolidates Glencore's ownership of the NorthMet copper‑nickel project.
- Buyers
- Glencore AG (Glencore plc)
- Targets
- PolyMet Mining Corp.
- Industry
- Energy
- Location
- Minnesota, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Strathcona Resources Purchases Additional MEG Energy Shares
September 4, 2025
Oil & Gas
Strathcona Resources Ltd. purchased 6,035,600 common shares of MEG Energy Corp. for approximately $172.7 million, increasing its stake to roughly 14.2% of MEG's outstanding shares. The purchase is part of Strathcona's ongoing offer to acquire MEG and Strathcona intends to vote its shares against the proposed acquisition of MEG by Cenovus Energy Inc.
-
NIU Invest Acquires Majority Stake in Critical Metals PLC
August 14, 2025
Energy
NIU Invest SE, led by Cevdet Caner, completed a subscription for 61,402,390 new ordinary shares in Critical Metals PLC, taking a 60.34% majority stake. Critical Metals holds a 70% interest in the Molulu cobalt and copper project near Lubumbashi in the Democratic Republic of Congo; NIU said it will develop the project and expand its mining portfolio across multiple regions.
-
Wyloo Metals Agrees to Acquire Noront Resources for C$1.10 per Share
December 22, 2021
Industrial Services
Wyloo Metals (through Wyloo Canada) entered into a binding arrangement agreement to acquire up to all outstanding common shares of Noront Resources Ltd. for C$1.10 per share via a statutory plan of arrangement. The deal, supported unanimously by Noront's board, follows BHP waiving its right to match and includes a loan to Noront to cover transaction-related costs and a termination fee paid to BHP.
-
Gold Fields to Acquire Osisko Mining for C$2.16 Billion
August 12, 2024
Energy
Gold Fields Limited, through a 100% owned Canadian subsidiary, agreed to acquire all issued and outstanding common shares of Osisko Mining Inc. for C$4.90 per share in an all-cash transaction valued at approximately C$2.16 billion, representing a ~55% premium. The deal (plan of arrangement) consolidates Gold Fields’ ownership of the advanced-stage Windfall gold project and is expected to close in Q4 2024 subject to customary court and regulatory approvals.
-
Metlen PLC Completes Voluntary Takeover of Metlen Energy & Metals S.A.
July 29, 2025
Energy
Metlen PLC announced the successful result of its voluntary takeover offer for Metlen Energy & Metals S.A., securing valid acceptances for approximately 90.16% of Metlen S.A.'s share capital. The offer was structured as an exchange of one new Metlen PLC share for each Metlen S.A. share and the acquirer expects Metlen PLC to begin trading on the London Stock Exchange and the Athens Exchange on August 4, 2025.
-
Boliden Acquires Somincor (Neves-Corvo) and Zinkgruvan from Lundin Mining
April 16, 2025
Industrial Services
Boliden completed the acquisition of the Somincor (Neves-Corvo) copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining on April 16, 2025. The cash consideration was USD 1.40 billion (USD 1.30 billion enterprise value plus up to USD 150 million contingent payments); the deal was financed with a bridge loan and a directed share issue that raised ~SEK 3.75 billion. The acquisition nearly doubles Boliden's zinc concentrate production and significantly strengthens its copper concentrate output.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.