Melanie Burton
Stories by Melanie Burton
Australian coal miners recapitalise, eye BHP assets and other M&A deals
Australian miners are raising capital for new projects and acquisitions.
Australia’s Newcrest aims to raise $655m in rights issue to fund gold growth
The share issue is expected to fund growth at the Fruta del Norte mine in Ecuador and other projects.
Australian nickel miner Independence launches $216m bid to buy smaller rival
The Australian miner said it had appetite for more, given demand for new energy metals.
China’s CATL acquires stake in Australian lithium miner PilbaraMinerals
The Chinese electric-vehicle battery maker acquired an 8.5% stake in Pilbara as part of a $61.8 million capital raising.
CWT lenders put MRI metals trading, warehousing units up for sale
The proposed sale comes after CWT International defaulted on a $179 million loan in April.
Australia’s Wesfarmers makes $1.1b bid for rare earths miner Lynas
The conglomerate made an offer of A$2.25 per Lynas share, a near 45 percent premium to the miner’s last close.
Singapore’s GEAR fails in takeover bid for Australian Stanmore Coal
Golden Investments said that it will seek a board position at Stanmore Coal as its biggest shareholder, despite the failure of takeover bid.
Australia’s South32 bids $1.3b for full control of Canada’s Arizona Mining
The offer of C$6.20 per share was pitched at a 50% premium to Arizona's last close and implies a total equity value of $1.6 billion
British tycoon Sanjeev Gupta has no plans to slow down acquisitions in 2018
Gupta's GFG has spent or committed to spending around $5 billion on assets and asset rejuvenation in the past 18 months.
China Minmetals-owned MMG seeks M&A in copper, zinc, other commodities
MMG may look more towards partnering other companies on the assets it wants to acquire, rather than going for acquisitions paid fully in cash.
