Santos names new CFO, stirring succession talk
The appointment by Santos of former Newcrest interim chief executive Sherry Duhe as its new CFO has stirred renewed speculation about the future of chief executive Kevin Gallagher.
Newcrest
Buyers line up for Newmont’s Telfer mine stake
Newmont confirmed on Friday that it plans to sell Newcrest’s share of the Telfer mine in Western Australia. Regis Resources and Gold Road Resources are potential buyers.
Newcrest owner Newmont’s future reset with Telfer sale
The gold mining giant is promising more investor returns as it sells off its Telfer mine and Havieron asset in WA, and focuses on the expansion of Cadia in NSW and Tanami in NT.
ASX gains as tech stocks rally; Block jumps
Court imposes $30m fine in waste management cartel case. Afterpay owner Block soars on profit swing. ABB rejigs leadership, ups guidance. Brambles, Austal fall. Woodside sells Scarborough stake to JERA.
Telfer mine remains a strategic asset for Newmont
Newmont is moving fast after closing its acquisition of Newcrest Mining. Chief executive Tom Palmer talks about the company’s plans after the megadeal.
Early Christmas present for Trek
Newmont’s takeover of Newcrest has delivered Trek Metals the Christmas Creek gold project. It could be a gift that keeps giving, says Barry FitzGerald.
ASX halves gains on hawkish RBA; Bapcor tanks
RBA November meeting ‘live’ as hints at hike. Santos lifts on LNG split calls. Bapcor dives as revenue growth slows. ACCC nod to NBN Co pricing. Fiery last AGM for Telstra chair John Mullen.
Newcrest era’s finale to kick off M&A flurry
Newmont’s buyout of Newcrest Mining will generate significant deal flow as non-core assets are sold off, analysts say.
ASX up; Qatar flights review call
Senate committee also wants ACCC aviation inquiry. Search for new Future Fund chair as Peter Costello exits. Ari Mervis next Myer chair, Olivia Wirth as director. AUD down. Oil, gold up amid Middle East turmoil.
Fortescue CFO fires back at Forrest camp
Departed Fortescue chief financial officer Christine Morris has blasted claims made by former boss Andrew Forrest, and received some telling support.
ASX 200 down as mining giants fall
Newmont-Newcrest deal falls short on ‘fairness’ test. Duratec founders in $11.5m selldown. Platinum falls after August outflows. Healthcare, utilities sectors gain.
ASX flat as BHP, Coles, Woodside falls weigh
Altium, Megaport led tech sector gains. Worst day since 2020 for Coles. Redbubble wins support on cost-cutting focus. HUB24 lifts on profit jump. Telstra’s best day in 16 months.
Newcrest looking to offload Telfer gold mine
Speculation is mounting that Newcrest is already moving forward with plans for a sale of its Telfer mine in Western Australia ahead of Newmont finalising its $29bn buyout.
ASX slides on energy; ends week up 0.2pc
Bourse sees small weekly gain. Star rockets on NSW tax deal. Iron ore flat amid Chinese property woes. Dollar set for a fourth weekly loss. Cettire CEO’s $100m selldown.
ASX falls 0.6pc; miners and tech dumped
A second day of losses sets bourse up for first weekly fall in a month. Iron ore nears $US100. Downer slides on ‘surprising’ writedown. ASIC slaps ban on fund linked to former RBA boss.
Mining giants partner up to engineer e-truck solution
A small Queensland engineering firm is partnering with mining giants including BHP, Glencore and Newcrest to develop fleets of electric trucks capable of working deep underground.
Gold small caps where global predators are prowling
Smaller gold miners look set to follow their bigger rivals as takeover targets, with many remaining undervalued despite a strong run up in the precious metal price.
ASX closes up; miners lead top gainers
Materials and energy sectors lead ASX higher. Pilbara jumps on record quarterly production. Victoria to feel debt pinch, warns Moody’s. Merlon’s value fund tops the active fund list, according to Mercer.
ASX falls 0.2pc on tech; rises slightly for week
Bourse ends Friday lower as investors dump tech stocks. Newcrest dives after Newmont’s profit miss. Coronado reaffirms guidance. Mineral Resources hammered on broker cut.
Evolution up for Newmont discards
Evolution Mining will be in the hunt for any assets shed by Newmont after the global giant closes its blockbuster merger with Newcrest.
$28 billion takeover of Aussie company
An Australian gold miner has announced it will back a mammoth takeover offer in one of the biggest buyouts of the year.
Copper is becoming the new gold standard
It was Newcrest’s copper-rich gold mines that gave it the extra shine as the US mining giant Newmont circled.
‘Exciting’ times as Newcrest board backs $29bn takeover
The blockbuster deal with Newmont will combine two of the world’s largest gold producers, with a growing exposure to copper.
ASX up 0.1pc; property, materials gain
The sharemarket closed slightly higher, supported by property and materials as financial stocks fell. InvoCare soared after TPG Capital’s revised $1.9bn bid. Elders dived after its profit warning.
Australian Club AGM blows up over $1.2m loss
The Australian Club is renowned for its wealthy members and status. But it’s losing money and its leadership has copped a roasting.
Newcrest merger call looms as gold shines
Newcrest Mining’s board is likely to make a call on Newmont’s blockbuster merger offer for the company in mid-May, with the company saying the due diligence period expires on May 11.
ASX ends down; Blackmores soars 23pc on takeover
Telstra sets best close in six years. Blackmores rockets on $1.85bn Kirin bid. Downer slashes 400 jobs. Guidance cut hits United Malt. ANZ warns nationalism a threat for lithium.
Revised $32bn Newmont bid tempts Newcrest
Newcrest’s board has indicated it may smile on Newmont’s sweetened takeover bid, which could see the world’s largest gold miner list on the ASX.
Technology and operating chops key to Newmont takeover
Having the best deposits is no longer enough in mega mining mergers, it’s also about the technology and operating ability the target brings to the deal.
Why Newcrest’s bid top up only means one thing
The world’s biggest mining company Newmont believes gold prices are going to go higher – certainly, the conditions are better than ever.
Original URL: https://www.theaustralian.com.au/topics/newcrest