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.
Sandfire Resources has closed an institutional entitlement offer and placement to raise $926 million for its purchase of the Minas De Aguas Teñidas (MATSA) mining complex in Spain.
AVZ Minerals has locked in a $US400 million ($550.8 million) investment from Suzhou CATH Energy Technologies to put the Manono lithium and tin project in the Democratic Republic of Congo into production.
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.