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Creasy in talks to buy Macquarie’s $148m debt at bombed-out gold miner

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Reclusive WA mining billionaire Mark Creasy is in advanced discussions to buy Macquarie Bank’s debt at Calidus Resources, in a deal that could give him a leg-up in controlling the Pilbara gold and lithium miner out of receivership.

Mark Creasy emigrated from the UK in 1964, after graduating from the British Royal School of Mines, and took a job in a Queensland coal mine.  Aaron Bunch Photographer

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/creasy-in-talks-to-buy-macquarie-s-148m-debt-at-bombed-out-gold-miner-20240808-p5k0td