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Sam Chong

Qld coal mining magnate’s payday hits up to $2B

A Brisbane resources mogul celebrated huge financial gains from soaring fossil fuel prices. Jellinbah Group recently reported a $1.92 billion profit and $1.7B in dividends for the 2022 financial year...

Eliwana mine

$367M takeover bid declared ‘unconditional’

A mining services company will unquestionably seize control of a competitor. Thiess Group Investments recently confirmed its $367.3 million takeover bid for MACA has become unconditional. This means...

BHP CEO Mike Henry

Mining giant approves pay rises

A multinational resources producer will increase employee remuneration. BHP confirmed most of its workers will receive a 4 per cent wage increase while senior management will enjoy a 3 per cent raise...

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...

ASM JV PRODUCES HIGH QUALITY NEODYMIUM METAL

ASM shares open for trading

Australian Strategic Materials’ (ASM) Korean JV partner, ZironTech, has successfully completed the first production run of neodymium (Nd) metal in its commercial pilot plant.  The production of...

EHR raises $10m and launches $2m Share Purchase Plan

EHR launches $2m Share Purchase Plan

EHR Resources Ltd (“EHR” or “the company”) is pleased to announce it has received commitments to raise A$10 million (before costs) via a new share placement to institutional and sophisticated...

BACKED GALILEO MINING LODGES $15M IPO PROSPECTUS

Cobalt-nickel exploration company Galileo Mining (“Galileo” or “the Company”) is pleased to announce the lodgement of its Initial Public Offering Prospectus (“Prospectus”) with the Australian...