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 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 has agreed to merge with Swick’s drilling business to create a world-leading mineral driller with around $445 million in annual revenue.
Gascoyne Resources has hired a takeover response team to assist with Westgold Resources’ forthcoming offer to acquire the company.
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 Mining has turned down St Barbara’s offer to acquire the company after a lack of shareholder support was anticipated for the proposal.
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 Mining has completed $100 million placement to acquire a 60 per cent interest in the Moblan lithium project in Canada.
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 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.