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23 May 2013
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MERGERS & ACQUISITIONS Stories
[941 - Showing Results 1 to 30]
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Discovery sinks amid Cathay Fortune’s reduced bid
(Tuesday, 21 May 2013)
DISCOVERY Metals has appointed a new chairman as the company kicks off the search for a potential takeover suitor, with former bidder Cathay Fortune Corporation revisiting the chance for a swipe at the copper producer, albeit at a reduced price.
Full Story...
Ausenco acquires Aussie company
(Tuesday, 14 May 2013)
ENGINEERING firm Ausenco says is ready to meet the changing market – through its acquisition of The Rylson Group – as the resources and energy industry shifts focus from capital-intensive greenfield projects to getting the most out of existing operations.
Full Story...
M&As activity retreats as sentiment rebounds
(Friday, 10 May 2013)
THE total value of mining mergers and acquisitions was down 45% year-on-year in the first quarter to $US16.3 billion ($A15.9 billion), despite distinct improvements in industry optimism, according to the latest data from Ernst & Young.
Full Story...
Jaguar up on Colombian deal
(Tuesday, 7 May 2013)
SHARES in Jaguar Minerals jumped 30% today after it struck a deal to acquire Colombia-focused explorer West Rock Resources, a private company chaired by Panoramic Resources’ boss Peter Harold.
Full Story...
Stonewall surges on potential sale
(Tuesday, 7 May 2013)
JUNIOR gold miner Stonewall Resources saw shares skyrocket more than 60% today after it announced a conditional agreement to sell off subsidiary Stonewall Mining to Shandong Qixing Iron Tower for as much as $US140 million ($A137.4 million).
Full Story...
So long Xstrata
(Thursday, 2 May 2013)
XSTRATA’S shares were suspended yesterday in London ahead of its merger with Glencore International taking effect today.
Full Story...
Discovery faces receivership: Cathay
(Wednesday, 24 April 2013)
DISCOVERY Metals shareholder Cathay Fortune Investment says it is willing to make another takeover offer for the company rather than support a proposed $A75 million equity raising.
Full Story...
Mawarid gains control of UCL
(Wednesday, 24 April 2013)
ONLY a day after announcing an on-market takeover offer for UCL Resources, suitor Mawarid Mining has gained a controlling interest in the company.
Full Story...
Resolute weighing up options
(Wednesday, 24 April 2013)
GOLD producer Resolute Mining has initiated a review of its expansion projects to determine whether the money might be better spent on acquisitions.
Full Story...
Battle looms for Central Australian
(Wednesday, 24 April 2013)
RUM Jungle Resources could have competition for its takeover target after Central Australian Phosphate announced it had received an indicative, non-binding proposal from Toronto-listed Monument Mining which sent its shares up by 20%.
Full Story...
UCL surges on takeover bid
(Tuesday, 23 April 2013)
SHARES in UCL Resources skyrocketed today after its Sandpiper joint venture partner Mawarid Mining made a $A32 million takeover offer for the company.
Full Story...
Norton spreads its wings in Kalgoorlie
(Thursday, 18 April 2013)
CHINESE-controlled Norton Gold Fields has announced a friendly off-market takeover offer for its smaller neighbour, Kalgoorlie Mining Company.
Full Story...
ASF looks to acquire ActivEx
(Tuesday, 16 April 2013)
ACTIVEX cornerstone investor ASF Group has announced an off-market takeover bid worth roughly $A3.9 million for the Queensland explorer through its subsidiary ASF Gold & Copper.
Full Story...
Elemental attracts bid
(Friday, 12 April 2013)
SHARES in dual-listed potash developer Elemental Minerals skyrocketed today after the company said it received a non-binding takeover proposal from a Hong Kong-listed investor, at a substantial premium to the last closing price.
Full Story...
Sundance plummets on deal’s end
(Tuesday, 9 April 2013)
SUNDANCE Resources has turned its attention to finding a new partner following the termination of the $A1.4 billion takeover deal with Hanlong Mining, as its shares slumped more than 50%.
Full Story...
Southern Cross, Polymetals to merge
(Monday, 8 April 2013)
AS FIRST flagged on
Miningnews.net
last week, Polymetals Mining and Southern Cross Goldfields have announced a friendly merger of equals to create a gold company of greater scale.
Full Story...
Polymetals, Southern Cross call halts over merger
(Thursday, 4 April 2013)
SOUTHERN Cross Goldfields and Polymetals Mining have called trading halts this afternoon, with both citing potential merger deals.
Full Story...
Sundance deal remains on life support
(Thursday, 4 April 2013)
HANLONG Mining’s long-delayed takeover bid for Sundance Resources will drag on further as the parties remain at the negotiating table after the Chinese suitor failed to meet a key financial deadline.
Full Story...
Cauldron bid in jeopardy
(Wednesday, 3 April 2013)
CAULDRON Energy’s unsolicited takeover bid for Energia Minerals looks likely to fail, with the target’s substantial shareholders saying they do not intend to accept the offer.
Full Story...
Azimuth ‘first prize’ for Troy
(Thursday, 28 March 2013)
SHAREHOLDERS in Azimuth Resources have endorsed a proposed $A188 million takeover by Troy Resources as its shares soared by as much as 50%, with Troy chief executive officer Paul Benson describing Azimuth as the perfect opportunity.
Full Story...
Campbell heads to Cleveland
(Thursday, 28 March 2013)
FORMER Fortescue Metals Group company secretary Rod Campbell has joined his former colleagues at Cleveland Mining to advise it on potential acquisitions.
Full Story...
Troy, Azimuth announce friendly tie-up
(Thursday, 28 March 2013)
TROY Resources has announced a $A188 million friendly takeover for smaller explorer Azimuth Resources to create a dual-listed South American gold company.
Full Story...
Albidon to be swallowed
(Thursday, 28 March 2013)
ALBIDON has been thrown a lifeline in the form of a merger transaction after a subsidiary of the company’s major shareholder, China’s Jinchuan Group, announced it would pick up a 100% stake in the beleaguered nickel company.
Full Story...
Sundance-Hanlong deal all but over
(Tuesday, 26 March 2013)
A DEAL that was looking shaky is now in serious trouble – with Hanlong Mining advising Sundance Resources that it would miss this afternoon’s financing deadline for a $A1.4 billion takeover.
Full Story...
$52M farm-in to advance Mt Forrest
(Tuesday, 26 March 2013)
A HONG Kong investment company is planning a $A52 million farm-in deal to fast track Mindax’s flagship Mt Forrest iron project in Western Australia.
Full Story...
First Quantum succeeds in hostile bid
(Monday, 25 March 2013)
FIRST Quantum Minerals says it has created a new global copper leader after succeeding in its $C5.1 billion ($A4.8 billion) hostile takeover offer for fellow Canadians Inmet Mining.
Full Story...
Orion to acquire land near Nova
(Friday, 22 March 2013)
JUNIOR explorer Orion Gold has entered a binding heads of agreement to acquire all shares in Kamax Resources and controlling stakes in roughly 1600sq.km of prospective tenements across the Fraser Range and Tropicana belts in Western Australia – including one next to Sirius Resources’ Nova deposit.
Full Story...
Sundance takeover deal in limbo
(Thursday, 21 March 2013)
UNCERTAINTY surrounds a $A1.4 billion takeover of Sundance Resources following speculation Hanlong Mining’s chairman has been detained by police, with the suitor also confirming it may not be able to secure a large partner to progress the deal.
Full Story...
Cauldron to bid for Energia
(Monday, 18 March 2013)
CAULDRON Energy has announced its intention to undertake an off-market scrip takeover bid for Energia Minerals, which would result in a combined uranium resource of 32.4 million pounds uranium oxide for the merged entity.
Full Story...
Desert moves into South Korea
(Monday, 18 March 2013)
DESERT Mines and Metals has signed a non-binding terms sheet for the proposed acquisition of Korean Resources Limited (KRL), which has contractual rights to acquire several molybdenum exploration properties in South Korea.
Full Story...
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