On the Move - Q2 2018
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- Published: Thursday, 17 May 2018 04:19
- Written by ASIA Miner News
Barrick Gold Corporation
Barrick Gold Corporation announced the passing of the Company’s Founder and Chairman Emeritus, Peter Munk.
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Company movements
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- Published: Tuesday, 11 July 2017 03:54
- Written by ASIA Miner News
Asiamet Resources has announced several changes. Chief executive officer and vice chairman Tony Manini is now executive chairman while Peter Bird has joined the company as CEO and has been appointed vice chairman. Previous chairman Peter Pollard continues as a non-executive director.
Signs of recovery in M&A activity
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- Published: Friday, 14 March 2014 02:49
- Written by ASIA Miner News
THERE is no doubt 2013 was a low point for mergers and acquisitions with the global mining downturn taking its toll but there are signs that activity will improve in 2014. Despite a continuing slowing of China’s economy, accounting firm Ernst & Young believes M&A activity has turned a corner.
The Mergers, Acquisitions and Capital Raising in Mining and Metals report by Ernst & Young said fewer deals were pursued globally in 2013 because of global economic uncertainty and less investor appetite for risk. It stated that in Australia the value of deals fell by 66% to $US5.5 billion - the lowest deal value since 2004 – with Chinese companies the biggest buyers of mining and metals assets.
Chinese take Brockman stake
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- Published: Friday, 14 March 2014 02:41
- Written by ASIA Miner News
Brockman Mining and China Guoyin have entered into a share subscription agreement whereby China Guoyin will subscribe for 195 million shares at an aggregate subscription price of Aus$11.3 million. Brockman has also entered a separate agreement with Ocean Line for 292.5 million shares at an aggregate subscription price of about Aus$16.76 million. Proceeds from both will be used for the development of Brockman’s iron ore mining projects in Western Australia.