Rout offers BHP a fast-track for potash decision

Original article by Peter Ker
The Australian Financial Review – Page: 14 & 18 : 16-Mar-20

BHP is due to decide by February 2021 whether to spend at least $US5.3 billion on developing the Jansen potash project in Canada. However, the coronavirus outbreak has given it the opportunity to immediately become a potash producer by launching a takeover bid for Canadian miner Mosaic. The outbreak has seen Mosaic’s shares fall by 50 per cent in the past two months, making it cheaper for BHP to acquire it than to develop Jansen, which would be unlikely to commence production until 2026.

CORPORATES
BHP GROUP LIMITED – ASX BHP, THE MOSAIC COMPANY

Cadia peaks for Newcrest with $1billion bounty

Original article by Peter Ker
The Australian Financial Review – Page: 17 : 12-Aug-19

Newcrest Mining is expected to confirm in the week beginning 12 August that its Cadia gold mine in New South Wales generated over $1 billion of earnings in the year to 30 June. However, such a result is unlikely to be repeated, as Cadia’s production is expected to decline over coming decades. Meanwhile, Newcrest is tipped to finalise the purchase of a 70 per cent stake in the Red Chris mine in Canada from Imperial Metals for $US806.5 million ($1.18 billion) by 16 August.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, IMPERIAL METALS

Dairy chief keen to pursue more deals in Australia, NZ

Original article by Jared Lynch
The Australian Financial Review – Page: 13 : 14-Jul-15

Canada-based Saputo has made around $C5bn ($A5.29bn) worth of acquisitions since its IPO in 1997, according to CEO Lino Saputo jr. He remains upbeat about the long-term outlook for the global dairy products industry, despite a sharp fall in milk prices in the last 18 months. Saputo is keen for more acquisitions in Australia and New Zealand, after entering the local market via its $A450m deal to acquire Warrnambool Cheese & Butter.

CORPORATES
SAPUTO INCORPORATED, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED – ASX WCB, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, BEGA CHEESE LIMITED – ASX BGA, LION-DAIRY AND DRINKS PTY LTD, FONTERRA CO-OPERATIVE GROUP LIMITED, TORONTO STOCK EXCHANGE, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

$2 sale adds to gloom in ailing coal sector

Original article by Sarah-Jane Tasker
The Australian – Page: 20 : 3-Oct-14

The benchmark price for metallurgical coal negotiated by Japanese steel producers with Australian mining groups has been set at $US119 a tonne for the final three months of calendar 2014. This compares with a peak of $US330 in 2011 and is a low last seen in 2008. The slump has already triggered widespread redundancies in Queensland by companies such as BHP Billiton. The malaise in the sector has now also been underlined by a deal in which Up Energy Development Group will pay just $US2 to Marubeni and Winsway Enterprises to acquire Grande Cache Coal in Canada

CORPORATES
BHP BILLITON LIMITED – ASX BHP, UP ENERGY DEVELOPMENT GROUP LIMITED, GRANDE CACHE COAL CORPORATION, WINSWAY COKING COAL HOLDINGS LIMITED, MARUBENI CORPORATION, SUMITOMO CORPORATION, VALE SA, DEUTSCHE BANK AG