M&A

Comet claims improved copper deal terms

SIX months after announcing a leap into the Queensland copper space, Comet Resources has signed a contract with new purchase terms for Glencore's Mt Margaret project.

 Image: iStock/statu-nascendi

Image: iStock/statu-nascendi

Comet was to have raised A$50 million at 20c per post-consolidation share, as part of a $10 million cash and scrip purchase deal for the mothballed mine, but it was criticised as being dilutionary and...

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.