The U.K. is finalizing a $1 billion deal to support British investment in No. 1 copper producer Codelco, officials announced. The agreement allows cooperation between U.K. companies and Chile’s state-run enterprise on infrastructure, equipment sales and financial investments.
Talisman has reached a binding agreement with Xstrata Nickel Australasia Operations Pty Ltd., a subsidiary of Glencore, to acquire the Sinclair nickel project in Western Australia for $8 million plus a deferred $2 million payment contingent upon a recommencement of mine production. Sinclair, an advanced, high-quality nickel sulphide project, was placed on care and maintenance in August 2013.