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☆ Albemarle Raises Bid for Australia’s Liontown Resources to $4.25 Billion
▼ + stars: | 2023-09-03 | by ( David Winning | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/albemarle-raises-bid-for-australias-liontown-resources-to-4-25-billion-a7724b32

Persons: Dow Jones Locations: albemarle

☆ Three Marines Dead in Military Aircraft Crash in Australia
▼ + stars: | 2023-08-27 | by ( David Winning | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/three-marines-dead-in-military-aircraft-crash-in-australia-f327d227

Persons: Dow Jones, f327d227 Locations: australia

☆ Newmont Agrees to Acquire Australia’s Newcrest for $17.5 Billion
▼ + stars: | 2023-05-15 | by ( Rhiannon Hoyle | David Winning | ) www.wsj.com time to read: 1 min

Photo: Katie Klann for The Wall Street JournalSYDNEY— Newmont said it has agreed to acquire Australia’s Newcrest Mining for $17.5 billion, in what would be the largest-ever M&A deal in the gold-mining industry. Newmont is offering 0.400 of its own shares for each Newcrest share, and has allowed Newcrest to pay a special dividend of up to $1.10 a share around the time any deal completes. Those terms are in line with a revised offer pitched by Newmont roughly a month ago.

☆ The World’s Biggest Gold Miner Bets Big on Copper
▼ + stars: | 2023-05-14 | by ( Rhiannon Hoyle | David Winning | ) www.wsj.com time to read: 1 min

Colorado-based Newmont is the world’s top gold producer. Photo: Katie Klann for The Wall Street JournalSYDNEY— Newmont said it has agreed to acquire Australia’s Newcrest Mining for $17.5 billion, concluding weeks of talks over a sweetened offer by the U.S. company that wants to complete the largest-ever M&A deal in the gold-mining industry. Newmont’s pursuit of Newcrest illustrates how gold producers are seeking to make deals as the industry is struggling to make large discoveries of the precious metal. It also extends a battle for control among miners for commodities essential for making electric vehicles and renewable-energy infrastructure, as Newcrest’s gold mines also produce significant amounts of copper.

☆ Lachlan Murdoch Drops Defamation Lawsuit Against Australian Publisher
▼ + stars: | 2023-04-21 | by ( David Winning | ) www.wsj.com time to read: +2 min

Lachlan Murdoch in Sun Valley, Idaho, in 2019. And Murdoch is his unindicted co-conspirator.”Private Media rejected the claim that the article had defamed Mr. Murdoch and the case was due to go to trial in federal court in Sydney in October. On Friday, Mr. Murdoch’s attorney, John Churchill, filed a notice with the federal court stating that the Fox chief executive was discontinuing the proceedings. In a statement, Mr. Churchill said Mr. Murdoch was confident that he would have won the case at trial. Crikey, in a statement on its website, called the decision a victory for public interest journalism and said it stood by the original article.

Bans on TikTok on government-issued devices in the U.S., the European Union and Canada are prompting lawmakers in some of Washington’s main intelligence-sharing allies to demand that their countries follow suit. Australia and New Zealand haven’t banned TikTok across all government agencies, instead leaving it to individual departments to decide whether their employees can install the app. Australian government departments—including defense—prohibit the installation of TikTok, owned by Beijing-based ByteDance Ltd., but some lawmakers say the lack of a blanket ban creates unnecessary national security risks.

☆ New Zealand’s Inflation Challenge Worsened by Cyclone Gabrielle
▼ + stars: | 2023-02-22 | by ( David Winning | James Glynn | ) www.wsj.com time to read: 1 min

New Zealand’s central bank said recent storms are likely to add to inflation and disrupt production in the near term, while boosting activity during the rebuild. New Zealand’s battle with inflation had shown signs of easing before Cyclone Gabrielle wrecked homes, downed power lines and washed away roads after making landfall earlier this month. Now, officials at the South Pacific country’s central bank are assessing how the rebuilding effort could complicate their campaign to bring price pressures under control. New Zealand raised interest rates by half a percentage point to 4.75% on Wednesday and signaled more increases are to come, even as some global central banks say they could soon pause tightening policy to judge how their economies are responding.

☆ Australia’s Origin Energy Gets $10 Billion Takeover Bid from Brookfield-Led Consortium
▼ + stars: | 2022-11-10 | by ( David Winning | ) www.wsj.com time to read: 1 min

Origin is one of Australia’s biggest retailers of electricity and gas, and a shareholder in a supplier of liquefied natural gas to Asia. SYDNEY—Australia’s Origin Energy Ltd. said it has received a takeover proposal worth around $10 billion from a consortium led by Brookfield Asset Management Inc., underscoring the interest in global assets that can support the energy transition. Origin is a major shareholder in the Australia Pacific LNG plant in eastern Australia’s Queensland state, which supplies liquefied natural gas to Asia. The facility, operated by ConocoPhillips , has benefited from elevated prices of LNG after Russia’s invasion of Ukraine, as countries in Europe scour the world for alternative sources to Russian supply.

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