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.
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 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.
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.
Santos and Oil Search have confirmed they will merge to create a $21 billion entity that will sustain both companies in the wake of a low carbon future.
Gold Road Resources has managed a barrage of processing plant issues at the Gruyere gold joint venture in Western Australia to achieve $129.6 million in revenues during the first half of 2021.
Mincor Resources has completed a $60 million placement to fund an exploration ramp-up at its Golden Mile nickel asset and construction of accommodation at the Cassini nickel mine, both in Western Australia.
Mastermyne Group has agreed to acquire Pybar Mining Services to enhance its exposure to the hard rock mining services market.
Mineral Resources has sold its 5.4 per cent stake of Pilbara Minerals in an effort to focus on its hard-rock lithium and iron ore assets.
AIC Mines has agreed to buy the Eloise copper mine in North Queensland from FMR Investments for $27 million, transforming the explorer into a producer.