U.S. investor James Cameron offers US$5-billion for Kazakh mining giant; ERG says no sale talks

News Snapshot:

Open this photo in gallery: Molten ferroalloy is seen inside Eurasian Resources Group's Aksu Ferroalloys Plant, in the town of Aksu, northeastern Kazakhstan, on Feb. 19, 2018.Shamil Zhumatov/Reuters U.S. businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5-billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of Kazakhstan’s rare earths output. However, ERG said in a statement on Monday that there were no negotiations on the company’s sale. ERG, a Luxembourg-based producer of copper, cobalt, aluminum, and iron ore that is 40 per cent-owned by...