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.

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.
Mineral Resources (MinRes) has acquired all the issued fully paid ordinary shares of Norwest Energy that it did not previously own, acquiring an interest in over 80 per cent of Norwest shares.
Mineral Resources (MinRes) and Norwest Energy have provided an update on the drilling operations of the Lockyer-2 conventional gas appraisal well.
Mineral Resources (MinRes) has announced that it has secured control of Norwest Energy.
When Norwest directors recommended shareholders accept Mineral Resources’ (MinRes) increased takeover offer earlier this week, it solidified the latest chapter in an increasingly competitive battle for gas assets in the Perth Basin.
Mineral Resources (MinRes) managing director Chris Ellison has told Norwest shareholders they should accept his company’s $403 million offer.
Norwest Energy has urged shareholders to refuse Mineral Resources’ (MinRes) unsolicited $403 million takeover offer, calling it “opportunistically timed”.
Gina Rinehart’s Hancock Prospecting has increased its takeover bid for Warrego Energy after Mineral Resources (MinRes) entered the fray for the Perth Basin gas player.