Latest Deals

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Fortescue, through its wholly owned subsidiary FMG Pilbara, has acquired over 75% of the shares in Red Hawk Mining, which is developing the Blacksmith iron-ore project in WA. FMG Pilbara entered a binding bid implementation deed with Red Hawk Mining on 28 January to acquire up to 100% of its shares. The offer implies a fully diluted equity value for Red Hawk of A$406m ($254m). As of 7 February, FMG has increased its voting power in Red Hawk to 84.70%.

Anglo American has completed the sale of its 33.3% minority interest in Jellinbah Group to Zashvin for A$1.6bn. Jellinbah Group is a joint venture (JV) that holds a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia. Zashvin was already a 33.33% shareholder in the JV along with Marubeni and Anglo American. The deal was originally agreed in November 2024.

Australian mining company Predictive Discovery has raised approximately A$69.2m ($42.9m) through strategic private placement from the Lundin family and its associates, and China’s Zijin Mining Group. The Lundin family invested A$45.1m to acquire a 6.5% shareholding in Predictive Discovery, while Zijin paid around A$24.1m to acquire a 3.5% stake in the company. The funding will be used to advance the development of Predictive Discovery’s Bankan gold project in Guinea.

Barminco has received an extension to its underground mining contract with Regis Resources at the Duketon Operations in WA, which include the Rosemont and Garden Well underground mines. The initial contract, announced in April 2024, had a three-year term with a rolling 12-month extension mechanism. The extended contract, valued at approximately A$180m, extends the term until 30 March 2028. The services covered include underground development, production and support services.