OZL
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Company News
Small cap copper explorers with big potential
Takeovers at the top end of the copper resources sector have thinned opportunities for investors seeking exposure to a red-hot energy transition metal, but that simply means do what the big miners do when producing assets dry up – buy explorers. BHP (ASX: BHP) buying OZ Minerals (ASX: OZL), followed by Glencore’s attempt to acquire […]
NEXTDC achieves fresh records, Twiggy teams-up with IGO and Newmont ups ante in bid to woo Newcrest shareholders
ASX-100 tech company and data centre operator NEXTDC (ASX: NXT) has onboarded a record number of new customers since the end of last year, with its contract utilisation increasing 43% to 120 megawatts. NEXTDC chief executive officer and managing director Craig Scroggie said the company is well positioned to continue taking advantage of further customer […]
Australian mining companies flock to Asia as higher commodity prices and improved relations fuel interest
High commodity prices, improved working conditions, and better government relations, are attracting Australian mining companies back to Asia with a number of success stories helping repair past damage. Nickel Industries (ASX: NIC) is the star of the show, teaming up with one of China’s biggest steel makers to produce nickel for its stainless steel operations […]
BHP closes-in on OZ Minerals takeover, Newmont lobs bid for Newcrest and Qantas boss apologises – again
BHP Group (ASX: BHP) received approval from Brazil’s competition regulator on Monday for its acquisition of OZ Minerals (ASX: OZL). BHP announced its intent to buy-out OZ Minerals last year, which will help strengthen the company’s concentration in raw materials, particularly copper. Demand for the metal is expected to increase significantly as the world transitions […]
Star hit with NSW tax hike, BHP and OZ extend exclusivity period and Newcrest Mining CEO retires
Beleaguered The Star Entertainment Group’s (ASX: SGR) shares have continued their downward spiral – plummeting at the start of this week after the New South Wales Government announced plans to raise an extra $364 million in taxes from casino operators over the next three years. The Star chief executive officer Robbie Cooke slammed the move, […]
Nickel shapes-up as star battery metal performer in 2023
Nickel played second fiddle to lithium in the battery metal orchestra this year but it’s shaping as the star performer next year. The switchover will come from a combination of lithium peaking after a stellar run, while nickel gets a double-barrelled boost from the re-opening of China, which means increased demand for stainless steel, nickel’s […]
OZ Minerals recommends BHP’s takeover offer, Endeavour Group’s national gambling operator faces 62 charges and ASX scraps blockchain project
OZ Minerals (ASX: OZL) has announced its board plans to recommend the latest revised takeover offer from mining giant BHP Group (ASX: BHP) of $28.25 per share, valuing OZ Minerals at $9.6 billion. The offer beats BHP’s previous offer of $25 per share tabled 15 weeks ago, which OZ deemed too low. However, after renewed […]
Coles sells petrol stations to Viva Energy, FMG pledges $6.2b to go green and OZ Minerals invests in West Musgrave project
Australian retail giant Coles Group (ASX: COL) has announced it will sell its 710 Coles Express fuel sites to Viva Energy Group (ASX: VEA) to prioritise the group’s supermarket and liquor business moving forward. Viva Energy will assume ownership, as well as controlling and operating responsibilities of the petrol stations across the nation. As per […]
Base metals fire sparked following BHP’s failed OZ Minerals bid
BHP (ASX: BHP) has started a fire in the base metals sector with its takeover bid for OZ Minerals (ASX: OZL) – a move which highlights the shortage of commodities essential for energy transition. The combination of supply suppression through bans on new oil, gas and coal projects, and energy-demand growth even as the global […]
Turquoise Hill rebuffs Rio Tinto’s US$2.7b takeover bid, Qantas expands freight fleet and Allkem acquires strategic lithium tenement
Canada’s Turquoise Hill Resources (TSX: TRQ) has rebuffed mining giant Rio Tinto’s (ASX: RIO) US$2.7 billion (A$3.8 billion) takeover offer – saying the bid didn’t reflect its “full and fair value”. The decision was made by the Turquoise Hill Special Committee, which has effectively halted Rio’s efforts to gain greater control of the Oyu Tolgoi […]