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Curragh Coal Mine

Resources giants confirm merger is a possibility

Two multinational mining companies verified widespread rumours about them potentially consolidating. Coronado Global Resources recently confirmed it is trying to merge operations with Peabody Energy...

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...

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...

BMA Australia

New owner takes control of Bowen Basin coal mines

Multiple coal operations have changed hands in Central Queensland’s Isaac region. Stanmore Resources recently seized control of an 80 per cent stake in BHP Mitsui Coal (BMC) for at least US$1...

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...