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Prominent Hill mine

Resources giant makes $8B acquisition bid for rival

A multinational mining company is prepared to pay big money to seize control of a “modern” competitor. BHP recently made an $8.3 billion takeover offer for OZ Minerals. The proposed deal...

Maxwell Coal Mine

Underground coal mine receives $94M boost

A resources producer attracted major funding for its flagship coal operation. New Hope Corporation (NHC) recently purchased a 15 per cent stake in Malabar Resources. The deal involved NHC acquiring...

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...

MACA workers

Employer recommends $350M acquisition offer

A diversified company approved a major takeover bid from a direct competitor. MACA’s board of directors recently recommended a $350.2 million acquisition offer from rival Thiess...

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...

New Hope workers

Central Qld coal mines poised to change hands

Two coal operations could reopen after a mining company raised enough money to complete their purchase in Central Queensland’s Isaac region. Bowen Coking Coal (BCC) successfully secured about...

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...