BHP (ASX:BHP) discusses Noront acquisition with Wyloo Metals

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English - November 03, 2021 00:00 - 1000 KB
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03 Nov 2021 - Mining giant BHP (ASX:BHP) has started talking with billionaire Andrew Forest's Wyloo Metals about the proposed takeover of Canadian nickel miner Noront Resources. Wyloo Metals owns a 37% per cent stake in Noront. Last month, BHP’s subsidiary BHP Lonsdale Investments raised its offer to acquire all shares in Noront from $0.55 to $0.75 per share, outbidding Wyloo’s $0.70 a share proposal.