The world’s largest gold miner Newmont has announced it will acquire the shares it doesn’t already own in Canadian explorer GT Gold Corp, in a cash deal valued at around US$312 million (C$393 million). Newmont will buy the remaining 85.1% of common stock in GT Gold...
The level of mergers and acquisitions (M&A) in the mining sector will soon pick up as the global economy recovers from the COVID-19 crisis and miners benefit from a growing commodities boom, according to individuals from investment bank BMO Capital Markets. Mining companies will seek to...
Spain’s Iberdrola has had an US$569 million bid for Australian wind and solar firm Infigen Energy accepted, as it looks to further grow its market share in Australia’s renewable energy sector. The Bilbao-based utility is already building a 320MW renewable energy project in South Australia, and...
Union Jack Oil (AIM:UJO) has announced it expects to start commercial production at its Wressle discovery. In its 2016 first quarter results the company also reported the acquisition of a 10 per cent interest in PEDL005 (R), incorporating the Keddington Oilfield and said it will continue to...