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.
MinRes acquires majority of Norwest
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.
Lockyer-2 gas well suspended
Mineral Resources (MinRes) and Norwest Energy have provided an update on the drilling operations of the Lockyer-2 conventional gas appraisal well.
MinRes gets control of Norwest
Mineral Resources (MinRes) has announced that it has secured control of Norwest Energy.
MinRes scores a win in race for WA gas assets
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.
MinRes chief urges Norwest shareholders to ignore board
Mineral Resources (MinRes) managing director Chris Ellison has told Norwest shareholders they should accept his company’s $403 million offer.
Norwest rejects MinRes takeover bid
Norwest Energy has urged shareholders to refuse Mineral Resources’ (MinRes) unsolicited $403 million takeover offer, calling it “opportunistically timed”.
Miners battle over gas assets
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.