The price of pink diamonds has risen significantly in the past 12 months, delivering an average return on investment of 30 per cent, the inaugural Australian Diamond Portfolio Pink Diamond Index (ADPPDI) shows. Read more
Gold Road bids $166 million for Apollo
Gold Road Resources hopes to grow its development pipeline with the Lake Rebecca gold project in Western Australia after offering $166 million to acquire Apollo Consolidated.
Rio Tinto pledges $US7.5bn to transform operations
Rio Tinto plans to halve its Scope 1 and 2 emissions by 2030 by using renewable power at its iron ore operations and aluminium smelters.
Ramelius targets expansion with Apollo takeover
Ramelius Resources is set to acquire Apollo Consolidated for $128 million in a deal that would increase its gold mining footprint in Western Australia through a new production centre.
Westgold locks horns with Gascoyne over takeover
Westgold Resources has been left puzzled by Gascoyne Resources’ rejection of its takeover offer after the Australian Takeovers Panel received an application about the potential buyout.
South32 snags Chilean copper stake
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.