M&A

Gindalbie soars on takeover, demerger

SHARES in Western Australian iron ore miner Gindalbie Metals jumped almost 120% in morning trade to hit levels not seen since 2017 as investors piled in to the usually overlooked company amid the news it was set to spin-out its copper assets as part of a takeover by long-time supporter Anshan Iron and Steel Group Corporation.

 Drilling at Mt Gunson.

Drilling at Mt Gunson.

Gindalbie shares hit A2.6c this morning, bouncing off recent lows of 0.12c, as news of the cash offer from its Chinese partner in the Karara magnetite iron ore joint venture in the Mid West miner broke. ...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.