Japanese petroleum company Idemitsu Kosan has agreed to sell its 85% stake in the Ensham coal mine in Queensland, Australia to Sungela, a Thungela Resources subsidiary, for A$340 million, reported Reuters. Full article.
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In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
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Copper Mountain Mining has entered into a definitive agreement with Harmony Gold to sell its Eva copper project and 2,100-kilometre exploration land package in Queensland, Australia, for a total consideration of up to US$230 million. Read full article.
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Caterpillar executives and motor grade production team members assembled at the OEM’s Decator, Ill., facility to celebrate the production and sale of its 1,000th Cat 24 motor grader, which is headed for the Rio Tinto’s Pilbara operations in Perth, Australia. Read full article.
Read MoreMining services group Thiess has confirmed it has extended its mining services deal with BHP Mitsubishi Alliance (BMA) and the Peak Downs coal mine in Queensland, Australia for an additional five years. Read full article.
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