Cardinal Resources has accepted a revised takeover offer from Shandong Gold following months of bidding war between the Chinese gold miner and United Kingdom-based Nordgold.
OZ Minerals is set to accelerate underground development at the Prominent Hill copper-gold mine in South Australia with fresh funding boost.
Regis Resources is set to acquire tenements that form part of Stone Resources Australia’s North Brightstar project in Western Australia.
The COVID-19 pandemic has caused a $5.3 billion ($7.4 billion) drop in the total value of mining deals during the second quarter of this year.
Shandong Gold Mining has raised its takeover offer for Cardinal Resources following a competing proposal from the target’s largest shareholder, Nordgold.
Aeris Resources has committed $13 million for exploration at the Cracow gold mine in Queensland over the next two years after completing a takeover of the mine.
The gold mining sector has announced a series of mergers and acquisitions (M&A) involving Genesis Minerals, Kingston Resources and Firefly Resources.
The European Commission has approved the proposed combination of Metso’s minerals business and Outotec, with the merger on track for completion in June.
The value of mergers and acquisitions (M&A) deals in Australia’s metals and mining industry reached US$3.37 billion ($5.2bn) in Q4 2019.
TerraCom has made a takeover offer to Universal Coal in a bid worth $294 million, which has met the “overwhelming support” of the target’s investors.
Emeco plans to acquire hard rock underground mining services company Pit N Portal in a deal worth $72 million.
GR Engineering is set to expand its foothold in the United states through a planned acquisition of Arizona-based Hanlon Engineering & Associates.
NRW Holdings has confirmed it will buy BGC Contracting in a transformational deal that gives the target an enterprise value of $310 million.
Kirkland Lake Gold is set to acquire Canada’s Detour Gold in a deal worth around $C4.9 billion ($5.4 billion).
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.
Metso has maintained its acquisition streak with the latest takeover of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer.
Wesfarmers has executed its acquisition of Kidman Resources by completing a $776 million deal.