Industry mourns the passing of Tim Picton

Alkane goes global: diversifying gold and antimony production Perth based Alkane Resources (ASX: ALK) are set to acquire Canada based Mandalay Resources in a proposed “merger of equals” to create a diversified gold and antimony producer. The acquisition proposes that Alkane is to buy all issued and outstanding shares of Mandalay under a court-approved plan of arrangement in an all-share transaction. Mandalay shareholders will receive 7.875 Alkane common shares per each Mandalay common share held. The merged entity will operate under the name Alkane Resources and following the transaction, Mandalay shareholders will own 55% of the merged company and...

Gold Fields to acquire Gold Road for $3.7b South African gold giant Gold Fields is set to acquire one of Australia’s largest gold miners, Gold Road (ASX: GOR), in a takeover scheme valuing the company at $3.7b. Gold Road has convinced its Gruyere gold mine joint venture partner to increase its takeover bid, proposed in March for $3.3b, by nearly $400m. Gold Road has entered a scheme implementation deed that will allow Gold Fields to acquire 100% of shares in Gold Road by way of a scheme arrangement. Under the terms of the scheme Gold Road shareholders will receive a fixed cash...

Rio Tinto (ASX: RIO) has announced it will be reducing production at its Yarwun alumina refinery in Gladstone, Queensland from October 2026.

Delta Lithium expands to Mortimer Hills Delta Lithium (ASX: DLI) is expanding its Yinnetharra lithium and tantalum project as it acquires Mortimer Hills from Zeus Resources (ASX: ZEU). The strategic acquisition of Mortimer Hills, located in the Gascoyne region of WA, comprises of one granted exploration licence located 5km southeast of southeast along strike from Malinda. The tenure gives Delta access to another 4km of strike along the Leake Springs metasediment unit that hosts both the Malinda and Jameson resources that boast a combined 21.9Mt of lithium. Delta managing director James Croser said that the acquisition of Mortimer Hills is a strategic...