Latest Deals
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Newcrest, Harmony JV sign MOU to advance PNG gold project
Newcrest Mining and its joint venture partner Harmony Gold have signed a framework memorandum of understanding (MoU) with Papua New Guinea (PNG) to advance the development of the Wafi-Golpu copper-gold project in the country.
Newcrest and Harmony Gold, through their unincorporated Wafi-Golpu Joint Venture, hold 50% stake each in the Wafi-Golpu Project. The MoU marks a step ahead for the joint venture towards the signing of a mining development contract.
Austral intends to divest copper projects in Chile to Colossus
Australian miner Austral Gold has signed a letter of intent with Colossus Resources to sell its non-core copper projects in Chile. The deal includes the early-stage copper exploration projects Calvario and Mirador in central-northern Chile. Austral will be paid $100,000 in cash upfront for an exclusive option. Upon exercising the option, Colossus will spend $2.5m over two years on the exploration of the project areas.
WSP Global to acquire Australia’s Calibre Professionals Services for $184m
Canadian company WSP Global has reached an agreement to acquire Australia-based Calibre Professionals Services One in a $184m (A$275m) deal. Its acquisition is expected to boost WSP’s capacity to provide services that will facilitate the energy transition and the decarbonisation of the mining industry. Along with mine rehabilitation and mine closure, the deal is anticipated to offer WSP prospects in the field of water management.
BHP and Hatch partner to design Australian electric smelting plant
BHP has teamed up with global engineering firm Hatch to design an electric smelting furnace (ESF) pilot plant in Australia. The move would support the companies’ decision to build a small-scale ESF demonstration plant, which is expected to contribute towards achieving BHP’s climate targets. The proposed facility will help in demonstrating ways to reduce the carbon dioxide intensity of the production of steel.
