Australian mining service company Perenti has been awarded a 60 month contract at Newmont’s Subika underground gold mine worth $630 million.

Australian mining service company Perenti has been awarded a 60 month contract at Newmont’s Subika underground gold mine worth $630 million.
Australia has become the hot spot for mergers and acquisitions (M&A) within the resources sector for the March quarter of the 2023 financial year.
Newmont has raised its takeover bid for ASX-listed Newcrest to $29.4 billion, which the US gold giant has labelled its best and final proposal.
Austmine’s mining innovation conference and exhibition is set for Adelaide from May 9–11.
Following weeks of silence, Newcrest Mining and Newmont Corporation plan to meet to discuss the path for a potential multi-billion-dollar takeover.
While shareholders are happy that the Newcrest board rejected Newmont’s takeover offer, they reportedly want to see more fighting spirit.