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GLCNF / Glencore, VW, Stellantis SPAC plan collapses after nickel slide

Glencore, VW, Stellantis SPAC plan collapses after nickel slide
A US1 billion SPAC or special acquisition company deal involving car giants VW and Stellantis and miner Glencore has collapsed after an agreement could not be reached over a revision of the terms ACG, a SPAC set up by the trio to buy two nickel and copper mines in Brazil from Appian Capital, said in a statement that despite its best efforts revisions to the acquisition agreement have not been agreed and deal terminated. Glencore was to invest US$100mln into the SPAC, with Stellantis and mining investment fund La Mancha Resource Capital providing an equal amount. Read More
Posted: Sep 29 2023, 08:44
Author Name: Proactive Investors
Views: 042259

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Sigma Lithium receives 50% prepayment from Glencore for Triple Zero Green Lithium shipment

By Proactive Investors
October 31, 2023

Sigma Lithium receives 50% prepayment from Glencore for Triple Zero Green Lithium shipment

Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) announced that it has received a 50% prepayment from Glencore for its third shipment of Triple Zero Green more_horizontal

Glencore reports lower copper, zinc and nickel production in 9M23, cuts nickel and ferrochrome guidance

By Kitco
October 30, 2023

Glencore reports lower copper, zinc and nickel production in 9M23, cuts nickel and ferrochrome guidance

(Kitco News) - Global mining and metals group Glencore (LSE: GLEN) announced on Monday that in 9M 2023, its own sourced copper production was 735,800 more_horizontal

Glencore nickel production still bearing brunt of last year's strikes

By Proactive Investors
October 30, 2023

Glencore nickel production still bearing brunt of last year's strikes

Glencore PLC (LSE:GLEN) announced that its nickel production will be lower than anticipated this year as maintenance outages and strikes that took pla more_horizontal

Glencore to close historic Mt Isa copper operation in Australia

By Proactive Investors
October 18, 2023

Glencore to close historic Mt Isa copper operation in Australia

Glencore PLC (LSE:GLEN) has announced the closure of its copper mines in Mt Isa, Queensland, by 2025, affecting 1,200 workers and ending 60 years of more_horizontal

Glencore, VW, Stellantis SPAC plan collapses after nickel slide

By Proactive Investors
September 29, 2023

Glencore, VW, Stellantis SPAC plan collapses after nickel slide

A US1 billion SPAC or special acquisition company deal involving car giants VW and Stellantis and miner Glencore has collapsed after an agreement coul more_horizontal

$1 bln metals SPAC deal backed by Glencore, automakers collapses

By Reuters
September 28, 2023

$1 bln metals SPAC deal backed by Glencore, automakers collapses

A $1 billion metals deal by blank-cheque fund ACG Acquisition Company has been terminated following delays when the different sides, which included a more_horizontal

Glencore: Attractive Despite Possible Dividend Decline

By Seeking Alpha
September 27, 2023

Glencore: Attractive Despite Possible Dividend Decline

Swiss commodity miner and marketer Glencore's total returns are almost double its price returns over the past year, highlighting the importance of div more_horizontal

Sigma Lithium ships 22,500 tonnes of its Triple Zero Green Lithium to Glencore

By Proactive Investors
September 21, 2023

Sigma Lithium ships 22,500 tonnes of its Triple Zero Green Lithium to Glencore

Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) said it has prepared shipment of 22,500 tonnes of battery-grade, carbon-neutral, and zero-hazardous-chemi more_horizontal


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