Latest Deals

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Yancoal Australia has agreed to acquire an 80% interest in the Kestrel Coal Mine in Queensland’s Bowen Basin for up to $2.4bn. The transaction comprises $1.85bn upfront and up to $550m in deferred payments linked to coal price benchmarks over five years. The asset is a major source of metallurgical coal for steelmaking. Yancoal will fund the deal through cash reserves and debt facilities, positioning the acquisition as a near-term earnings contributor. 

American Ocean Minerals Corporation and Odyssey Marine Exploration have agreed a merger valuing the combined entity at nearly $1bn, creating a US-controlled deep-sea minerals platform. The deal includes more than $230m in equity financing from institutional and strategic investors. The combined company is expected to hold around $175m in cash and will target polymetallic nodule extraction to support critical mineral supply chains and reduce reliance on terrestrial sources. 

Mayfair Gold has agreed to acquire three properties from Plato Gold for C$2.5m in cash. Located near the Fenn-Gib Gold Project in Ontario, the assets expand exposure to the Porcupine-Destor Fault Zone, a key regional structure. The Guibord property includes a 50% interest across 275ha and benefits from road access, supporting potential resource growth and alignment with Mayfair’s development strategy in the district.

Resolute Mining has signed a memorandum of understanding with Nimba Mining Company to advance gold exploration in Guinea, backed by the Ministry of Mines and Geology. The partnership will evaluate mineral resources, undertake geological studies and assess development pathways for potential projects. It marks NMC’s first collaboration with an internationally listed miner and is expected to support capacity building, data generation and longer-term project development in Guinea’s gold sector.