South32 is set to divest its thermal coal assets in South Africa Energy Coal (SAEC) to Seriti Resources in an upfront payment deal worth around ZAR100 million ($9.8 million).
South32 has received an offer from Seriti Resources Holdings to acquire its South Africa Energy Coal business.
Newcrest Mining is progressing a requirement to offload a significant share in the Gosowong gold mine in Indonesia by next year’s deadline.
Intermin Resources has agreed to divest its Menzies and Goongarrie gold projects in Western Australia to Kingwest Resources for $8 million.
Newcrest Mining is selling its Séguéla gold project in Côte d’Ivoire, West Africa, to Canadian miner Roxgold for $US30 million ($42.5 million).
Rio Tinto chairman Simon Thompson and chief executive Jean-Sébastien Jacques have commented on the importance of tackling climate change issues.
Galena Mining plans to divest its non-core assets into a separate entity, Metal Range, which will be self-funding and operate independently.
BP has emerged as the front-runner to buy BHP’s US shale assets after submitting a bid of over $US10 billion ($13.5 billion).
Tawana Resources has announced a restructuring of three of its assets into a new spin-off company in order to focus on its flagship 50 per cent-owned Bald Hill lithium-tantalum project in Eastern Goldfields, Western Australia, which started spodumene concentrate production earlier this month.
Westgold Resources has announced that it is selling its South Kalgoorlie Operations to Northern Star Resources in an attempt to focus efforts on its Murchison assets.
Global mining and metals deals saw a 15 per cent boost in 2017, according to a report from the accountants at Ernst & Young (EY), reaching a four-year high for mining deals overall.
Peninsula Energy, an Australian uranium mining company, has announced it is to divest its interest in the Karoo projects in South Africa. The company says it intends to divest so it can focus on its US Lance projects in Wyoming, which has the highest reserves of uranium in North America.
Evolution has agreed to sell the Pajingo gold mine to Chinese company Minjar Gold for $52 million.
Peabody Energy has outlined a new business plan after it was given a last minute financial lifeline.
BHP has divested its stake in IndoMet Coal, exiting Indonesia completely.
La Trobe University plans to completely divest from fossil fuel related companies, the first to divest fully in Australia.
Anglo American’s Grosvenor mine has produced first coal ahead of schedule, raising its divestment prospects.
Stanford University has announced it will not divest its stakes in fossil fuel companies. The university’s board of trustees had formerly pledged to divest its coal mining company stocks that lay within its US$18.7 billion worth of holdings. At the time the group said it had acted within its own guidelines on investments regarding whether … Continue reading Stanford backflips on fossil fuel divestment
Anglo American has made major moves to exit its Australian assets with the sale of a majority stake in the Foxleigh coal mine.
Nyrstar has announced the formal launch of the sales process for all its mining assets globally.