Proactive’s Post

In the fast lane of Mergers and Acquisitions, @AngloAmerican board turns down @bhp https://lnkd.in/drSq9x-N As per @SheilaKhama X (Twitter) post of Friday April 26th, I agree, value was not fully maximized nor likely to be realized. That said, I doubt we have seen the last of the matter. Rumors of a looming takeover of Anglo have been circulating for some time. So, I wonder if perhaps it’s a matter of when, by whom, how and not whether a merger/takeover is imminent. Especially that other potential bidders now know what obstacles may get in the way of a deal with Anglo based on the stated reasons for the board's rejection of the BHP offer and sentiment in South Africa. From the perspective of Botswana, I wonder if going for the offensive might be a better response. The point being diamonds are the outlier in a world of today's mining portfolios that are increasingly underpinned by critical minerals demand and not luxury commodities. So, whatever happens the likelihood is a buyer will treat De Beers differently. So, rather than being preempted by actions of Anglo shareholders, De Beers Exco or other third parties, could scenario planning on option for the future of investments in @debeersgroup and @CompanyDebswana not lower risk on the country? Having established state-owned entities and #OkavangoDiamondCompany #MineralDeveleopmentCompanyBotswana, could this be the time to put the boards and Excos of the entities to work while keeping politics out of it? Mining giant BHP in £31 billion bid to takeover rival Anglo American From euronews.com

Emirates Gold enters new era with acquisition by Rockfire Resources plc Emirates Gold DMCC, the UAE’s pioneer in precious metals refining, today announced that Rockfire Resources plc, the gold, base metal and critical mineral exploration company is executing a conditional share purchase agreement with Paloma Precious DMCC for the acquisition of its entire refining and minting franchise. The acquisition and the ensuing integration are expected to cover all aspects related to Emirates Gold’s operations, ranging from sourcing, refining, minting, product distribution and market presence. In parallel with this acquisition, Emirates Gold is poised to undergo a comprehensive refresh of its strategic direction, with a deep commitment to leveraging pioneering technologies in minting, silver electro refining, establishing a global reach for products, diversifying product lines and adhering to the highest industry compliance standards. Simultaneously with this announcement, Emirates Gold introduces a key management change, prominently featuring the appointment of Daniele Provenzale as CEO. With an impressive track record spanning over three decades, Daniele brings a wealth of experience and expertise to steer the company toward its ambitious goals. Speaking about the acquisition, Provenzale said: “Our vision is to elevate Emirates Gold to a symbol of trust and integrity within the global precious metals refining and minting industry. A major step in this strategy has been to integrate with a company listed on the globally-respected London Stock Exchange, providing a high degree of governance and reliability. “The acquisition by Rockfire represents a strategic milestone for us, underscoring our dedication to reshaping the landscape of the precious metals sector. We are resolute in seizing fresh opportunities and guiding the industry toward an era marked by innovation and sustainability,” he added. “We deeply value our employees, suppliers, customers, and partners, and we enthusiastically anticipate a future rooted in steadfast values and responsible business practices.” Emirates Gold, with a legacy spanning over 30 years in Dubai, stands as one of the most influential gold refineries in the GCC region. The directors of Rockfire are embarking on an ambitious growth strategy through the acquisition of Emirates Gold, a respected, cash-generating and profitable company. The directors consider the transaction to represent a potentially transformational, value-enhancing transaction for its shareholders, which is expected to accelerate the company’s growth strategy. #EmiratesGold #RockfireResources #Acquisition #BusinessNews #MiningIndustry #Investment #MergersAndAcquisitions #ResourceExploration #GoldMining #strategicpartnerships

🌟 Breaking News: 🌟 🔍 Karora Resources & Westgold Resources to Merge! Exciting developments are underway in the mining industry as Karora Resources Inc. (TSX: KRR) and Westgold Resources Limited (ASX: WGX) have announced their plans to merge in a landmark transaction. Here's all you need to know about this game-changing merger: 🤝 Merger Details 🔺Westgold to acquire 100% of Karora's issued and outstanding common shares. 🔺Total offer consideration of approximately A$6.60 (C$5.90) per Karora share, amounting to $1.1 billion based on Westgold's recent closing share price. 🔺Karora shareholders to receive 2.5241 Westgold fully paid ordinary shares, A$0.68 in cash, and 0.30 of a share in a new company (SpinCo) for each Karora Share held. 🔺The Offer Consideration represents approximately A$6.60 per Karora Share based on Westgold's closing share price on the ASX. 🔺Enlarged Westgold to have a market capitalization of approximately A$2.2 billion. 🔺Enlarged Westgold to be listed on the TSX post-transaction. 💼 Strategic Rationale & Highlights 🔺Creation of a leading mid-tier gold producer operating exclusively in Western Australia. 🔺Significant operational synergies and corporate savings expected. 🔺Enhanced capital market profile to attract global investors. 🔺Strong financial resources to support organic growth opportunities. 🔎 Key Insights 🔺Transaction unanimously approved by both boards of directors. 🔺Directors and senior management of Karora holding approximately 1.2% of Karora Shares have entered into voting support agreements. 🔺Transaction expected to close in late July 2024, subject to regulatory approvals. 📈 Impact & Future Outlook 🔺Transformational step change in growth for both companies. 🔺Creates one of the largest unhedged Australian gold producers. 🔺Significant potential for share price re-rate as operational synergies are realized. Share your thoughts on this merger! What do you think about its potential impact on the mining industry? #MiningNews #KaroraResources #WestgoldResources #Merger #GoldProduction #InvestmentOpportunity #WesternAustralia #TSX #ASX #CanadaMining #MiningIndustry #FinancialNews #Investing #GoldMining #BusinessNews #EconomicGrowth #StrategicMerger #FutureOutlook #ShareYourThoughts

Horizon Minerals LTD (ASX:HRZ) and Greenstone Resources Ltd (ASX:GSR) have received the green light from Greenstone security holders for their planned merger. As a result, Horizon will acquire all of Greenstone’s shares and listed options through a scheme of arrangement under the Corporations Act 2001. The journey to approval included several key steps. Horizon and Greenstone first announced the merger plans on February 13 and April 2, 2024. The Supreme Court of Western Australia then directed Greenstone to hold meetings for its shareholders and listed optionholders to vote on the merger. These meetings took place on Friday and the resolutions were overwhelmingly approved. At the shareholder meeting, more than 85% of those present voted in favour of the merger, with 96.88% of the total votes supporting the resolution. More at #Proactive #ProactiveInvestors #ASX #HRZ #Gold #Mining #PreciousMetals http://ow.ly/50am105vkG2

Ariana Resources plc (AIM:AAU) said Pontid, the company that owns the Salinbas project in Turkyie had been merged with the Zenit consortium through an all-share merger. The gold miner previously held a 23.5% interest in both Zenit and Pontid via its 100% %--owned subsidiary, Galata Mineral. All of its projects in Türkiye, specifically Kiziltepe, Tavsan and Salinbas are now held directly through Zenit with Ariana having a 23.5% interest in the enlarged group. Ariana added that gold and silver production from Kiziltepe and Tavsan continues as planned with 8,500 ounces of gold and 66,300 ounces of silver produced to the end of June.  Kerim Sener, Ariana’s managing director, said: "This concludes the process that started in 2021, following the partial divestment in Türkiye to Ozaltin Holding and the restructuring of our interests in Zenit Madencilik with Proccea Construction. More at #Proactive #ProactiveInvestors http://ow.ly/rJcJ105GnUh

We are pleased to share our Quarterly Activities Report for the period ended 31 March 2024, highlights include: 🌟 Announcement of our merger with Greenstone Resources Limited, creating a significant gold company with 1.8 million ounces of gold resources and a vast 939km2 landholding in the WA Goldfields. 🌟 The merged business will implement a dual track strategy to generate short-term cash flow from a pipeline of small mines while advancing larger cornerstone gold assets like Boorara and Burbanks which boast a combined resource inventory of 914koz. 🌟 Advancement across a number of key projects: - Cannon pipeline and pumping system commissioned, with tenders received to advance development of the project.        - Prefeasibility study underway for the Pennys Find underground project. - Initial optimisations for Boorara and Kalpini projects show strong cashflows, with positive outlooks for long-term operations. Exciting times lie ahead as we move closer to completing the Greenstone merger in mid-June 2024. Stay tuned for more updates! Read the full report here: https://bit.ly/4aTiLNV #HorizonMinerals #HRZ #GoldMining #ASXNews

Our role in Copper's future Global Demand Surge | Australia's Strategic Position | Investment Risks The copper sector's dynamic nature is evidenced by significant mergers and acquisitions, including Newmont's acquisition of Newcrest and BHP’s attempted purchase of Anglo American, underscoring the strategic importance of copper in future global markets. Global Demand Surge: The worldwide demand for copper is expected to increase significantly, necessitating an additional 10 million tonnes over the next decade to meet needs arising from AI and energy transitions. Australia's Strategic Position: As the holder of the third-largest copper reserves globally, Australia is uniquely positioned to benefit significantly from this demand surge, provided it can optimize its policy environment. Investment Risks: There is a pressing risk that capital investment may divert to other countries with more favorable mining environments unless Australia reforms its policy settings to support copper resource development. #CopperMining #AustralianMining #ResourceManagement #EnergyTransition #InvestInAustralia #MiningPolicy #GlobalDemand #SustainableMining

Developments are coming thick and fast for Copper 360, the AltX listed junior copper miner focused on reviving the #NorthernCape's once-thriving #CopperMining industry. CEO Jan Nelson tells Arthur Tassell that a combination of new #acquisitions, in-house expansion and #exploration success mean that a #copper production of 50 kt a year is within reach within five years, which would make Copper 360 South Africa’s leading copper producer. #Issue204 https://lnkd.in/d59dAsFh

Our role in Copper's future Global Demand Surge | Australia's Strategic Position | Investment Risks The copper sector's dynamic nature is evidenced by significant mergers and acquisitions, including Newmont's acquisition of Newcrest and BHP’s attempted purchase of Anglo American, underscoring the strategic importance of copper in future global markets. Global Demand Surge: The worldwide demand for copper is expected to increase significantly, necessitating an additional 10 million tonnes over the next decade to meet needs arising from AI and energy transitions. Australia's Strategic Position: As the holder of the third-largest copper reserves globally, Australia is uniquely positioned to benefit significantly from this demand surge, provided it can optimize its policy environment. Investment Risks: There is a pressing risk that capital investment may divert to other countries with more favorable mining environments unless Australia reforms its policy settings to support copper resource development. #CopperMining #AustralianMining #ResourceManagement #EnergyTransition #InvestInAustralia #MiningPolicy #GlobalDemand #SustainableMining

Our role in Copper's future Global Demand Surge | Australia's Strategic Position | Investment Risks The copper sector's dynamic nature is evidenced by significant mergers and acquisitions, including Newmont's acquisition of Newcrest and BHP’s attempted purchase of Anglo American, underscoring the strategic importance of copper in future global markets. Global Demand Surge: The worldwide demand for copper is expected to increase significantly, necessitating an additional 10 million tonnes over the next decade to meet needs arising from AI and energy transitions. Australia's Strategic Position: As the holder of the third-largest copper reserves globally, Australia is uniquely positioned to benefit significantly from this demand surge, provided it can optimize its policy environment. Investment Risks: There is a pressing risk that capital investment may divert to other countries with more favorable mining environments unless Australia reforms its policy settings to support copper resource development. #CopperMining #AustralianMining #ResourceManagement #EnergyTransition #InvestInAustralia #MiningPolicy #GlobalDemand #SustainableMining