Latest Deals

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UK-based Weir has entered a binding agreement to acquire Micromine, a global mining software provider based in Australia, for an enterprise value of £657m (A$1.35bn). Initially, Weir plans to operate Micromine independently while externally reporting under its ESCO Division. Over time, Weir intends to integrate Micromine with its MOTION METRICS and NEXT intelligent solutions, forming a unified digital optimisation platform. The transaction is set to be completed in the second quarter, pending approval by the Foreign Investment Review Board of Australia.

TG Metals has agreed to acquire an 80% interest in the Van Uden gold project in WA from Montague Resources Australia. The remaining 20% equity interest in the project is retained by Barto Gold. TG Metals will make an upfront cash payment of A$2.5m and issue 5.71 million fully paid ordinary shares valued at A$1m as part of the transaction. An additional A$500,000 deferred cash payment is also due within 12 months.

MLG Oz has announced a A$75m contract with Westgold Resources for bulk haulage services and the supply of goods and/or services across its southern operations in the Goldfields of WA. The contract covers transporting ore from Westgold’s various mines to its Higginsville and Lakewood processing facilities. Additionally, MLG will manage and maintain ore stockpiles at Westgold’s mines and provide haul road maintenance.

Iron ore producer Fenix Resources has entered a binding bid implementation agreement to acquire CZR Resources through an off-market takeover bid. The acquisition will establish a diversified iron ore mining and logistics business for Fenix in the Mid-West and Pilbara regions. CZR shareholders will receive 0.85 Fenix shares for each CZR share they hold, with the potential to increase to 0.98 shares if Fenix secures a 75% interest in CZR by 21 March 2025. The base offer values CZR at A$61.4m.