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.
Original URL: https://www.theaustralian.com.au/topics/newcrest