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).
Poseidon explores battery materials refinery partnership
Poseidon Nickel has signed an agreement with Pure Battery Technologies (PBT) to investigate the possibility of processing its nickel at a battery materials refinery in Kalgoorlie, Western Australia.
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.
Mako Gold widens Napié potential
Mako Gold has returned its widest drill intercept to date from the Gogbala prospect, part of the Napié project in Côte d’Ivoire.
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.
Newcrest approves next phase of Havieron development
Newcrest Mining has revealed the potential for significant profit margins in stage one of the pre-feasibility study (PFS) for the Havieron gold joint venture project in Western Australia.
Nova hits bonanza grade gold
Nova Minerals has unearthed bonanza grade gold at its RPM North prospect, part of the Estelle gold project in Alaska.
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.
Magnetite Mines hires Hatch to advance Razorback
Magnetite Mines has contracted Hatch to complete the process plant section of its definitive feasibility study (DFS) for the Razorback iron ore project in South Australia.