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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Australia’s biggest coal exporting state is set to finalise an order that will require all miners to save up to 10% of their production for domestic supply, as part of efforts to curb soaring energy costs, reported Reuters. Full story.
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Newcrest’s Cadia Holdings has selected CIMIC and its CPB Contractors arm for the recommissioning of the Cadia tailings storage facility near Orange, New South Wales, Australia. Full story.
Read MoreCobalt Blue Holdings is now eyeing large-scale test samples to be shipped next month after confirming that its demonstration plant in Broken Hill, New South Wales, is now transitioning to operations. Read full article.
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Newcrest has selected Microsoft’s Azure as its preferred cloud globally, and the two will collaborate on programs of work that include digital twins to boost operational performance for its portfolio – beginning with a priority project at the Cadia mine in New South Wales. See full article from The Asia Miner.
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Aurelia Metals has temporarily idled some production at its Dargues gold operation in southern New South Wales due to a significant rain that is causing flooding in the region. Read full article from The Asia Miner.
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