Panoramic Resources has reduced its 2020 production guidance at the Savannah nickel project in Western Australia amid the takeover tussle with Independence Group (IGO).
WestStar Industrial is set to acquire Tier 2 steel fabrication provider Alltype Engineering in a deal worth around $8.4 million.
Panoramic Resources has responded to Independence Group’s ‘highly conditional’ takeover offer for the company, saying that it has breached certain conditions and would likely do so again.
Independence Group’s takeover offer for Panoramic Resources is set to be rejected by the target’s key shareholder, Zeta Resources.
Albemarle Corporation has received a green light from the Foreign Investment Review Board (FIRB) to acquire a 60 per cent interest in Mineral Resources’ (MinRes) Wodgina lithium project in Western Australia.
Northern Star Resources has achieved its goal of a takeover of Echo Resources after acquiring almost 60 per cent of the junior company.
Metso has maintained its acquisition streak with the latest takeover of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer.
Northern Star Resources has taken a step to speed up its acquisition of Echo Resources as it waived all the remaining conditions that could hold up the offer.
Vale has sold the Jaguar Nickel Sulphide Project to Centaurus Metals in a US$7 ($10.3) million-dollar deal.
Whitehaven Coal is set to acquire EDF Trading Australia for US$72 million ($106.5 million), allowing the company to increase its stake in the Narrabri mine in New South Wales.
Nickel Mines has come back with a second acquisition of the Ranger nickel project in Indonesia, increasing its ownership to a whopping 60 per cent.
Stanmore Coal has received an acquisition proposal from Winfield Group Investments for an equity valuation of $390 million to $442 million.
Australian marine support company MMA Offshore has agreed to acquire subsea services provider Neptune Marine Services for at least $18.5 million.
De Grey Mining is closing in on the next phase of an ambitious company expansion with the announcement of a capital raising to fund its acquisition of the Indee Gold mine in the Pilbara, Western Australia.
National Group is making moves in the mining industry with the acquisition of automation-focused Wolff Mining.
Oz Minerals will look to consolidate its Brazilian copper and gold assets through its strategy of operating multiple small and mid-sized mines in each of the Carajás and Gurupi provinces.
Sandfire Resources has launched a second acquisition attempt for MOD Resources, this time with a bid that gives the target a $167 million value.
Komatsu plans to acquire technology company Immersive Technologies, the world’s largest supplier of surface and underground equipment simulators.
Auroch Minerals is set to bolster its presence in Western Australia through a planned acquisition of Minotaur Exploration’s Saints and Leinster nickel projects.
Barrick Gold plans to acquire the remaining Acacia Mining shares it doesn’t own in a buyout offer to douse a long stand-off with the Tanzanian Government.