Latest Deals

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Anglo American has reached an agreement to sell its 33.3% stake in Jellinbah Group – a joint venture that holds a 70% ownership in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia – to Zashvin for A$1.6bn ($1.1bn). The sale of Anglo American’s interest does not affect the operational management of the mines as the company is not involved in their operations or the marketing of their production volumes. The transaction is due to be finalised in the second quarter of 2025, pending approvals.

Pan African Resources has acquired the remaining 92% shares of Tennant Consolidated Mining Group (TCMG), an Australian gold and copper mining company, for $50.8m (A$77.43m). The company previously acquired 8% for $3.4m as part of a share acquisition agreement in March 2024, bringing the total acquisition cost to $54.2m. This acquisition positions Pan African for immediate production growth at the Nobles Gold project in Tennant Creek in the Northern Territory.

Poseidon Nickel said its agreement with Encore Minerals to develop the Windarra tailings project in Western Australia is now unconditional as it satisfied all conditions. Poseidon will receive $1.25m and a 3% NSR royalty once production begins. The company received an upfront non-refundable payment of $250,000 in August 2024 upon signing the agreement. Encore Minerals will also pay $1.6m to Poseidon, contributing to the $3.5m environmental bond held for the project.

Carnavale Resources, through its subsidiary Tojo Minerals, has signed an agreement with KoBold Tjantjuru to sell its 100% interest in the E40/394 licence, close to Leonora in Western Australia, for A$405,000 ($267,976). The move is part of the company’s strategy to focus on its core Kookynie and Ora Banda South gold projects, while capitalising on non-core exploration assets.