Hancock Prospecting has recorded a strong end of financial year profit of $5 billion off the back of a supposed push by Rinehart to acquire more lithium assets.
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The Australian lithium landscape has experienced a surge of activity in the latter half of 2024, as miners snap up new stakes and make significant takeover bids.
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Motion, a global leader in industrial solutions, has announced its acquisition of Powell Industrial, a prominent Australian-owned supplier of industrial and hydraulic hose and fittings offerings. This strategic move further solidifies Motion’s commitment to providing comprehensive fluid power solutions to customers in the Asia-Pacific region.
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The merger of Regal Rexnord and Altra Industrial Motion has allowed the companies to provide total powertrain solutions to the Australian mining industry.Read More
Newmont remains on track to close its pending $26.2 billion acquisition of Newcrest, which is expected to close on November 6, according to its September quarterly report.
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After announcing that its proposed takeover of Dacian Gold is ‘unconditional’, Genesis Minerals has now declared its offer as ‘best and final’.
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Newmont’s $26.2 billion acquisition of Newcrest has become legally effective under Australian law, following the lodgement of orders from the Federal Court of Australia with the Australian Securities and Investments Commission (ASIC).
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The Securities Commission of Papua New Guinea (SCPNG) has granted necessary exemptions and requested confirmations under PNG capital markets law to allow Newmont to proceed with its $26.2 billion acquisition of Newcrest.
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Metso Corporation has acquired UK-based engineering company Tedd Engineering in a bid to strengthen its aggregates digital and automation capacities.
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