South32 has secured two binding agreements with Sumitomo to acquire a 45 per cent interest in the Sierra Gorda copper mine in Chile for $US1.55 billion ($2.1 billion).
Kalium targets expansion following first production
Kalium Lakes has raised $50 million to increase the output of the Beyondie sulphate of potash (SOP) project in Western Australia from 90,000 to 120,000 tonnes per annum.
DDH1 drums up Swick drilling merger
DDH1 has agreed to merge with Swick’s drilling business to create a world-leading mineral driller with around $445 million in annual revenue.
Gascoyne readies response to Westgold offer
Gascoyne Resources has hired a takeover response team to assist with Westgold Resources’ forthcoming offer to acquire the company.
Downer offloads mining business to Indonesian buyer
Downer has sold its Open Cut Mining East business to PT Bukit Makmur Mandiri Utama (BUMA) for $150 million, marking the final sale from its mining portfolio.
Kin rejects St Barbara takeover offer
Kin Mining has turned down St Barbara’s offer to acquire the company after a lack of shareholder support was anticipated for the proposal.
Evolution offloads Mt Carlton to Navarre for $90 million
Evolution Mining plans to enhance its portfolio by selling the Mt Carlton gold mine in Queensland to Navarre Minerals for $90 million in a transformational deal for the buyer.
Sayona raises $100 million for Moblan acquisition
Sayona Mining has completed $100 million placement to acquire a 60 per cent interest in the Moblan lithium project in Canada.
Core gives Finniss development green light
Core Lithium is on track to start production at the the Finniss lithium project in the Northern Territory next year after confirming a final investment decision for construction of the mine. Read more
Westgold weighs up Gascoyne takeover bid
Westgold Resources is set to make an off-market takeover bid for Gascoyne Resources which would lead to it acquiring control of the Dalgaranga gold mine in Western Australia.