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Coal mine workers

Global mineral producer turns down $60B offer

A resources multinational decided one of the industry’s biggest takeover bids was not enough. Anglo American recently refused a 31.1 billion Pound (A$59.6B) acquisition offer from BHP...

Peko mine

Four years of losses shut down mine

A struggling mineral processor collapsed after losing more than $23.5 million. Elmore recently appointed KPMG restructuring director Clint Joseph as well as turnaround partners Matthew Woods and...

Blackwater Coal Mine

Employer confirms potential second coal mine sale

A major mineral producer could start selling part of two Central Queensland operations. Whitehaven Coal recently revealed it would consider divesting significant stakes in its newly acquired...

Eagle Downs coal mine

Central Qld coal operations exited for $300M

Two underground mines are under new management in Queensland’s Isaac region. Stanmore Resources recently confirmed it would purchase the remaining half stake in the Eagle Downs Coal Mine and...

Kestrel Coal Mine

Qld coal mines rumoured to be exited soon

Two major mines could be under new management within just months. The next coal operations to be exited are widely speculated to be EMR Capital’s Kestrel mine (51km northeast of Emerald) and...

Telfer mine

Resources giant confirms $1B mine selloff

A global mining company revealed it could profit substantially from exiting multiple operations. Newmont Corporation recently confirmed it will sell off its Telfer, Musselwhite, Éléonore, Akyem...

Avebury mine

Mine collapses after failing to find new owner

Dwindling commodity prices forced a struggling resources operation into receivership. A near 42 per cent drop in nickel spot prices prompted Mallee Resources to transition its Avebury mine into care...

Maxwell Coal Mine

$509M coal project fast tracked

An underground coal operation will be accelerated. New Hope Corporation (NHC) recently purchased up to $105 million of institutional placement equity in Malabar Resources. The amount comprises of a...