Northern Star Resources and Saracen Mineral Holdings’ announcement of a $16 billion merger has brought anticipation for the rise of a new top 10 global gold producer, with signs there may be more mergers and acquisitions (M&A) in the gold sector.
OZ Minerals is set to accelerate underground development at the Prominent Hill copper-gold mine in South Australia with fresh funding boost.
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.
Evolution Mining has finalised its acquisition of the Red Lake gold mine in Ontario, Canada from Newmont for a total consideration of $US375 million ($612 million).
Resolute Mining has completed the sale of the Ravenswood gold mine in Queensland to a consortium comprising EMR Capital and Singapore-listed Golden Energy and Resources.
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.
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).
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.
Acquisition is the way to survival as major new greenfields discoveries appear to have dried up, according to PCF Capital principal Liam Twigger.
Macmahon has confirmed market speculation about its potential takeover of the GBF Underground Mining group, which could provide it with a strong access to the Western Australian Goldfields.
St Barbara managing director and CEO Bob Vassie says that the company’s upcoming takeover of Canadian company Atlantic Gold “ticks all the boxes” for St Barbara’s strategy.
Mergers and acquisitions (M&A) have slowed down in Australia’s first quarter due to a number of market uncertainties according to data acquired by Pitcher Partners and Mergermarket.
Logistics specialist Qube Holdings is expanding its reach into mining and oil and gas with the purchase of services provider LCR Group.
Coal companies are expected to turn away from mergers and acquisitions (M&A) this year to maximise the value of their existing assets on the back of high prices and a weaker Australian dollar.
Doray Minerals’ largest shareholder has voiced its approval of the proposed merger between Doray and Silver Lake Resources announced last November.
Gindalbie Metals will demerge its subsidiary Coda Minerals to shareholders before being purchased by Chinese producer Ansteel in a deal worth around $25 million.
The global value of financial deals in the mining industry fell by just under 15 per cent in 2018 despite an overall increase in mergers and acquisitions, according to research from GlobalData.