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Deals in metals and mining boosted by Super Pit sale
The value of mergers and acquisitions (M&A) deals in Australia’s metals and mining industry increased by 367.4 per cent during the fourth quarter of 2019. Australian M&A deals reached $US3.37 billion ($5.2 billion) during the fourth quarter, which marked a...
Gold, copper drive exploration budgets to seven-year high
Exploration budgets in the Australian mining industry have risen by 15 per cent to a seven-year high last year, according to S&P Global Market Intelligence. The budget increased for the third consecutive year from 2018 to 2019 by almost $US200 million ($306...Australian gold production achieves all-time highs
Australian gold production reached an all-time record of 325 tonnes last year, with a particularly outstanding December quarter, according to Surbiton Associates. Gold production during the December period hit a record quarterly output of 87 tonnes, exceeding the...
OceanaGold secures $78.5m gold prepayment arrangement
OceanaGold has signed a forward sale arrangement with its partner banks to receive a pre-payment of $78.5 million in exchange for delivering 48,000 gold ounces between September and December this year. The advanced ounces sold represents just over 30 per cent of...