SYDNEY: Northern Star Resources Ltd and De Grey Mining Ltd have agreed to merge in a deal valued at approximately $5 billion. Under this arrangement, Northern Star will acquire all shares of De Grey, including its flagship Hemi gold project in Western Australia. Hemi is one of the largest undeveloped gold projects globally, with significant…
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FlexTrade and FP Markets unveil Mottai Trader, a platform for Australian Active Traders
FlexTrade Systems, a renowned leader in multi-asset execution and order management systems, has joined forces with FP Markets, a top Australian broker in Forex and CFD trading. Together, they have introduced Mottai Trader, an innovative trading platform designed to revolutionize the trading experience for Active Traders. Mottai Trader emerges as a response to the growing…
Metals Acquisition Limited debuts on ASX with oversubscribed IPO
SYDNEY, AUSTRALIA: Metals Acquisition Limited (MAC), a global metals and mining company, has commenced trading on the Australian Securities Exchange (ASX) today under the ticker ‘MAC’, after raising A$325 million in an oversubscribed initial public offering (IPO) of CHESS Depositary Interests (CDIs). The company, which is also listed on the New York Stock Exchange (NYSE),…
Horizon Minerals and Greenstone Resources announce merger to create a gold mining powerhouse
SYDNEY, AUSTRALIA: Horizon Minerals Limited (ASX: HRZ) and Greenstone Resources Limited (ASX: GSR) have announced a merger that will create a gold mining powerhouse in the Western Australian Goldfields, a financial news announcement noted. The merger will be conducted by way of schemes of arrangement, whereby Horizon will acquire 100% of the fully paid ordinary…
Metarock Group appoints new CEO and Managing Director
SYDNEY, AUSTRALIA: Metarock Group Limited (ASX: MYE), a diversified mining services company, has announced the appointment of Mr Jeffrey Whiteman as its new CEO and Managing Director. Mr Whiteman has been leading the Group’s turnaround plan as Interim CEO since June 2023, after joining as CFO in November 2022. He has successfully resolved several legacy…