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MACA workers

Employer takes over management for $367M

A mining services company completely bought out a competitor. A subsidiary of Thiess recently increased its acquisition bid for MACA by 4.9 per cent to $1.075 a share. The target’s founding...

Blair Athol mine

Foreign owner exits multinational coal producer

An Asia-backed investment company reportedly sold its minority stake in a mining company that operates in multiple countries. Hong Kong-headquartered OCP Asia is rumoured to have disposed of TerraCom...

Coal mining QRC

Mining giant sells stake in foreign coal producer

A multinational resources company exited its shareholding in an Asia-backed business. Glencore recently sold a minority stake in Yancoal Australia for $422 million. “Glencore can confirm it has...

WBHO workers

Resources employer pays money owed to axed workers

A foreign-backed mining services company will meet its financial obligations to former employees. One of WBHO Australia’s failed subsidiaries recently agreed to pay full entitlements owed to...

Mt Arthur mine

Mining giant cancels coal mine sell off

A multinational resources producer will not exit one of its coal businesses after all. BHP confirmed it recently cancelled the sale of New South Wales Energy Coal (NSWEC) because no buyer made a...