The past fortnight has brought major mining M&A and analysts have forecast a new wave of corporate activity, writes Kristie Batten in Miningnews, citing Rio Tinto’s recent US$4.15 billion from Australian coal, Oz Minerals surprise $442 million takeover of Avanco and Mineral Resources’ $280 million scrip deal with Atlas Iron.
Venturex Resources (ASX: VXR) is attracting investor attention as it pushes to become a Pilbara copper-zinc producer under the leadership of a new Managing Director, writes veteran resources writer Barry FitzGerald in his weekly Garimpeiro column in Stockhead.
Rejuvenated gold producer Red 5 Limited (ASX: RED) is trading at around half the valuation of many of its Australian gold peers, according to respected Sydney-based analyst Warwick Grigor of Far East Capital.
Gold will surge to the highest level in five years if a global trade war breaks out, according to Sprott US Holdings chief executive Rick Rule, who's been involved in the market for four decades (reports Bloomberg).
Key monetary indicators in the US, Europe, Japan, and China are flashing signals of an economic slowdown later this year, raising fears of a global recession in 2019 and a stock market slump without a shift in policy (reports Ambrose Evans-Pritchard in London’s Daily Telegraph).
The newest major gold mine in WA’s rich northern Goldfields has come to life, with Dacian Gold pouring its first bullion at the $197 million Mt Morgans gold project, 20km west of Laverton (reports The West Australian).