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BHP in talks with Wyloo over Noront takeover: Reuters

BHP Group has started talks with Wyloo Metals, an affiliate of Australian private investment firm Tattarang, about the takeover of Toronto-based nickel producer Noront Resources.

BHP Group has started talks with Wyloo Metals, an affiliate of Australian private investment firm Tattarang, about the takeover of Noront Resources as both try to acquire the Toronto-based nickel producer, Reuters reported. Last month, BHP increased its offer for the company to about C$419 million, surpassing Wyloo’s bid. Noront operates in North Ontario’s Ring of Fire.

Check out Reuters story here.