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Newmont (NYSE: NEM), a prominent US gold company, has secured its acquisition of Newcrest (ASX:NCM), an Australian mining firm, following a three-month battle. The deal, valued at $26.2b, involves Newmont acquiring 100% of the issued shares in Newcrest through a scheme of arrangement. Shareholders of Newcrest will receive 0.400 Newmont shares for each Newcrest share held, translating to a value of $29.27 per Newcrest share or an equity value of $26.2b. The Newcrest board has unanimously recommended that shareholders vote in favour of the Newmont takeover, with a meeting scheduled for September or October. Upon completion, Newcrest shareholders will hold a 30.1% stake in the new combined entity, solidifying its position as an industry leader in gold production. It is…

AngloGold Ashanti Limited (ASX: AGG) has received formal approval from the Australian Securities Exchange (ASX) to be delisted from the ASX, with the expected date being Tuesday 27 June 2023. The company will continue to trade on the Johannesburg Stock Exchange (JSE) and A2X, on the New York Stock Exchange (NYSE) and on the Ghana Stock Exchange (GhSE). The company cites “ongoing low trading frequency and low volumes of its securities traded on the ASX compared to that of, in particular, the JSE and NYSE”. AngloGold Ashanti wholly-owns the Sunrise Dam operation and has a 70% holding in and manages the Tropicana mine, with Regis Resources holding the remaining 30%, which it acquired from IGO on 31 March 2021.

Rio Tinto Exploration (RTX), wholly-owned subsidiary of the mining giant, has entered into an agreement with Trek Metal (ASX: TKM) to explore Trek’s Jimblebar nickel-copper project in the Tier 1 Pilbara mining region of WA. During an initial option period, RTX may elect to farm-in to the project to earn an 80% joint venture (JV) interest by sole funding $5m in exploration expenditure. Upon completion of the 80% earn-in sole funding period, an 80/20 JV will be established whereby RTX will free-carry Trek Metals until the earlier of delivery of an “Order of Magnitude” study or expenditure of a cumulative $40m. Trek Metals chief executive Derek Marshall says the company is delighted to be partnering with Rio Tinto Exploration to…

In an increasingly renewable-focused world, Core Lithium’s (ASX: CSO) recent milestones not only solidify its position in the global lithium market but also drive the Australian lithium industry towards a sustainable future. The granting of mining authorisation for the BP33 underground project and the commencement of the maiden shipment of spodumene concentrate underscore Core Lithium’s commitment to meeting the rising global demand for lithium, a crucial resource for renewable energy technologies. Australia is known for its rich lithium deposits, and Core Lithium is at the forefront of unlocking their potential. With the NT Government’s approval of the BP33 mining authorisation and MMP, Core Lithium is taking a significant step forward in expanding its operations. The BP33 project, strategically located near…

Minerals Council of Australia chief executive Tania Constable has emphasised the pivotal role of mining investment in driving Australia’s economic growth. In a statement, Ms Constable highlighted the significant contribution of the minerals industry to the country’s prosperity and urged the Federal Government to prioritise policies that support and attract investment in the sector. Australia’s minerals industry has been the backbone of the economy, generating substantial export earnings and tax revenue, and laying the foundation for this year’s Federal Budget surplus. Ms Constable stressed that sustaining this economic success requires a renewed focus on mining investment, particularly in light of the challenging economic climate and the urgent need to transition to a net-zero emissions future. “The minerals industry is an…

Chris Prior, the co-founder and director of Pilbara Rail Maintenance (PRM), has recently been honoured with the WA Business News 40Under40 Award for 2023. This award recognises exceptional business leadership and innovation for professionals under the age of 40 who have demonstrated remarkable success in their respective fields. The award was presented to Mr. Prior during a gala event held at Crown Perth on Friday night, where he was unveiled as one of the 40 winners. Pilbara Rail Maintenance, a 100% Australian-owned and operated company, provides secure and economical solutions for rail construction, maintenance, and civil services to mining and civil contractors and companies in Australia. As one of the most prominent privately-owned rail businesses in the country, the company’s…

Australia is making progress towards decarbonising its industries and achieving net-zero emissions by 2050, with two recent developments highlighting the country’s efforts to transition towards a cleaner energy future. WA has announced a $3b investment to combat climate change and transition towards a low-carbon future. The investment focuses on energy storage, wind power generation, and transmission network upgrades, with a goal of ensuring a stable and secure energy supply for its residents. In addition, Fortescue (ASX: FMG), one of the world’s most successful iron ore companies, has welcomed the Australian government’s Hydrogen Headstart announcement in the Federal Budget, which aims to support the green hydrogen industry and reduce emissions while creating new jobs and promoting economic growth. Both initiatives represent…

The Federal Government has announced a new $392m Industry Growth Program, designed to provide support and advice to small-to-medium businesses and start-ups. The program aims to help these businesses commercialise their ideas and expand, providing grants and mentorship to increase the pipeline of investment-ready projects for the $15b National Reconstruction Fund. This investment is part of a broader commitment to industry growth, which includes a $101m investment in the responsible development of Australia’s quantum and artificial intelligence industries. This funding will be used in conjunction with Australia’s National Quantum Strategy, which was announced last week, and the $15b National Reconstruction Fund to position Australia as a leader in technological advancements that will shape the future. The Federal Government is also…

Bravus Mining and Resources is helping the White Cloud Foundation expand its Meals for Mums service into Rockhampton as part of the company’s enduring commitment to regional Queensland communities. Meals for Mums delivers 14 nutritious, ready-to-heat meals to mums who are experiencing, or at risk of experiencing, perinatal depression, as a complement to their clinical care. The ongoing partnership was announced at the White Cloud Foundation’s Boardies and Bubbles fundraising lunch in Townsville, QLD, and builds on the success of the Bravus-supported Meals for Mums program in north Queensland to ensure the same practical assistance is provided to parents in central Queensland. White Cloud Foundation founder and chairman Professor Adam Scott says early-intervention support programs are critical to assist people…

Bowen State High School students have struck skills development gold after participating in a hands-on workshop delivered by the Queensland Minerals and Energy Academy (QMEA), the education arm of the Queensland Resources Council (QRC). Thanks to support from Abbot Point Operations (APO), about 20 Year 10 students from Bowen State High School have embarked on an exciting journey to become the mining industry’s next generation of skilled tradespeople. QRC director of skills, education and diversity Katrina-Lee Jones says that with the growing demand for trade-based professionals, these students are now armed with the skills and confidence to unearth a rewarding career in the resources and energy sector. “Guided by experienced apprentices and tradespeople from Abbot Point Operations, today’s workshop allowed…

With the Australian government looking to boost the economy, it has made a number of announcements that will impact the mining industry in the years to come. Here’s what you need to know. Investment in the mining industry Despite a challenging environment, the outlook for the mining industry remains relatively positive, with investment expected to grow modestly over the next few years. Non-mining investment is expected to be the main driver of growth in business investment over the coming years, increasing by 4% in 2022-23, 2.5% in 2023-24 and 2% in 2024-25. Ongoing upgrades to machinery and equipment and continued expenditure on construction projects will drive growth throughout these years. Mining investment is forecast to be flat in 2022-23 before…