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BHP has offered Oz Minerals a takeover offer of $28.25/share, including $9.6B, three months after their initial unsolicited offer. BHP offered a$25/share, $8.4m takeover offer in August, which Oz Minerals rejected, saying it failed to properly value the company’s portfolio. The offer comes after the two renewed talks on Thursday, and Oz Minerals board have …
Gold jumps almost $100 in wake of Crypto Crash
Gold has skyrocketed almost $100 from $2547.07oz at the start of the month to $2642.91oz just after the ASX opened today. The Price peaked at $2670.84oz on Friday, after a sharp upturn. Northern Star Resources saw a share price increase of 8.5% to $10.24 as a result of the gold price increase. Evolution Mining also …
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What You Missed This Week in the News
Mining magnate Twiggy Forrest at the Egypt COP27 climate summit this week, is pushing to restrict seabed mining until it has the same protections as land mining. In sentiments echoed by conservationist groups, Forrest voiced concerns about the environmental impact of seabed mining – which could begin as early as mid 2023. “The …
What you missed in the news this week 4 Nov 2022
Rox Resources announced a 110% increase of production to 187koz Au since 2018. The increase is at their Mt Fisher and Mt Eureka gold projects in the Eastern Goldfields. Rio Tinto and BHP have joined forces to for research into technology to increase water recovery from mine tailings. They are currently trialling a large-volume …
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Epiroc acquires another Kalgoorlie Boulder company
Swedish company, Epiroc, has agreed to acquire Kalgoorlie Boulder company, Remote Control Technologies Pty Ltd. RCT provides automation and remote-control solutions for single machine and entire mixed fleets, and provides data and information systems, fleet and machine management systems. RCT began in 1972 when Kalgoorlie Boulder based founder Bob Muirhead saw numerous fatalities and serious …
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