Sandfire Resources is set to transform into a leading global copper producer after signing a deal to acquire the Minas De Aguas Teñidas (MATSA) mining complex in Spain from Trafigura and Mubadala Investment Company for $2.57 billion.
Finlayson to spearhead Genesis Minerals
Former Saracen and Northern Star boss Raleigh Finlayson is set to become managing director of Genesis Minerals following his contribution to a $20.8 million equity raising by the company.
Red 5 offloads Siana asset for $US19 million
Red 5 has sold the Siana gold project in the Philippines to TVI Resource Development for $US19 million ($26.2 million) due to its focus on gold developments in Australia.
Guiding coal companies to meet a dual challenge
As the build-up continues to the pandemic-delayed UN Climate Change Conference (COP26), all eyes – and hopefully all agendas – are on how to reach net-zero carbon emissions.
OZ Minerals eyes West Musgrave investment decision
OZ Minerals expects to make a final investment decision for the West Musgrave copper-nickel project in Western Australia during the second half of 2022.
IGO advances takeover talks with Western Areas
IGO has confirmed it has started due diligence for a potential takeover of Western Areas which would significantly grow the company’s nickel portfolio.
Bellevue Gold to grow mine life after drilling success
Bellevue Gold has hit high-grade gold intersections outside of its namesake project in Western Australia, setting the stage for an upgrade to its 1.4-million-ounce resource and a mine life extension.
Decade-high thermal coal prices drive New Hope
New Hope Group chief executive officer Reinhold Schmidt has credited rising Newcastle 6000 Index coal prices for pushing the company into a stronger financial position.
Nickel Mines downplays Indonesian export tax rumours
Nickel Mines has brushed aside reports that the Indonesian Government will impose an export tax on nickel products, stating that comments on the issue have been taken out of context.
Iron ore slips below $US100/tonne
The price of iron ore futures has dropped below US$100 ($137.60) a tonne on the Singapore Exchange as shipments from Port Hedland in Western Australia also continue to decline.