News Articles for Goldman Sachs

High commodity prices and a wave of cross-border capital have fuelled another busy half for WA's dealmakers.

US investment bank picks WA minerals sands miner as a winner in a year where major commodities face price pressures.

Perth dealmaker Michael Ashforth has joined the board of goldminer Northern Star Resources, while stepping away from his role with Goldman Sachs.

West Perth-based junior Galan Lithium has appointed Ross Dinsdale as its chief financial officer, effective from July 10.

Global services provider APM Human Services has made changes to its leadership team and recruited long-term Goldman Sachs executive Ian Taylor.

The latest company reporting season was characterised by budget blowouts but also opportunities for growth in a changing economy.

Alinta Energy has appointed two contractors to build its $180 million solar battery project in Port Hedland while continuing to assess a big sell-down of its WA operations.

American West Metals has revealed immediate RC drill program success at its Storm copper project in Canada's far north … with the promise of more to come. The North American-focused company says the first four holes completed at its 4100N prospect all intersected thick visual copper sulphide intervals, confirmed to contain copper based on portable XRF analysis.

Oil prices soared on Monday, posing a new inflation problem for the global economy.

While many gold producers are delighted to churn out 100,000 ounces a year, five leading companies wouldn't get out of bed for that. Take a look which WA company stands head and shoulders above them all.

Perth-based mining technology company Imdex is raising $224 million to bankroll the $300 million-plus acquisition of industry competitor Devico.

Perth dealmaker Michael Ashforth is making a return to investment banking, seven years after he retired from Macquarie Capital to work for ‘rich lister' Angela Bennett.

The final batch of assays from a maiden diamond drilling program at American West Metals' Storm project in Canada has once again highlighted the shallow, high-grade nature of a prospective zone coined “2750N”. Banner results include a 2m section going almost 16 per cent copper from 70m inside a larger 19m parcel at 2.08 per cent from 58m downhole.

Okapi Resources could soon fire up the diamond drill rig and launch a 40-hole, 5000m program at its Newnham Lake and Perch uranium projects in Canada after lodging applications with the Government of Saskatchewan. The looming probe follows a recent exploration drive that unveiled a bevy of compelling targets prospective for deeper lying mineralisation.

Mineral Resources has told analysts it can build a lithium refinery in the Pilbara at a much cheaper price than equivalent refineries in WA's South West.

Perth-founded APM Human Services International has moved to bolster its presence in North America by acquiring an employment services business for $225 million in cash.

A mining software company established 36 years ago by Perth geologist Graeme Tuder has been sold to a US company for $900 million, setting a new record for WA's tech sector.

Australia's former treasurer has landed his first major role outside of politics after having briefly been linked to the AFL and a possible political comeback.

Valor Resources continues to make headway at its Picha project in southern Peru with recent channel sampling at the operation's Ichucollo target delivering a raft of notable hits, including 12m at 1.1 per cent copper with anomalous silver. Importantly, more than 30 of the 132 channel samples delivered encouraging assays above 0.5 per cent copper with some running up just shy of 8 per cent copper and 100 grams per tonne silver.

Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.

Firefinch spin-off Leo Lithium has made a lacklustre debut on the ASX, closing its first day of trade around 25 per cent lower than its issue price.

A correction in the lithium market turned into a rout today, with Pilbara Minerals and Liontown Resources leading the fall after two bearish research reports.

With inflation rising across the globe and western economies imposing sanctions on Russia in response to its invasion of Ukraine, Goldman Sachs, of the world's largest investment banks, has hiked the prices of its commodities forecasts, citing supply disruptions that it says could drive the price of gold towards US$2,500 per ounce this year.

Barrenjoey Capital Partners has greatly bolstered both its local team and its national mining credentials by recruiting the head of Goldman Sachs' Perth office.

WA house prices may escape a predicted slide due to several factors, include the state's acute labour shortage.

Perth nickel company IGO has continued to push its clean energy strategy confirming it will acquire rival Western Areas in an all cash takeover, ending months of speculation.

Construction under way on the eastern seaboard means it's unlikely WA's worker shortfall will correct any time soon.

Shares in mega stock market float APM Human Services International made a soft start today, falling slightly but still leaving the company worth more than $3 billion.

WA is in the hotseat as the combination of old and new economic forces work to its advantage, but there are challenges.

APM has finalised the terms of its stockmarket float, with the Perth company planning to raise $972 million, confirming it as WA's largest-ever IPO.

Investment bank Goldman Sachs has appointed Gavi Friedland as head of metals and mining in Australia and New Zealand, taking over from Perth-based Peter Watson.

Perth company APM has an enterprise value of about $3.8 billion, according to research presented to investors ahead of a planned stockmarket float.

Analysts argue iron ore prices won't have to fall far to inflict pain.

Bellevue Gold says it is fully funded to bring its namesake project in WA to production after raising $106 million from a share placement and finalising a $200 million loan with Macquarie Bank.

West Perth-based human services company APM has appointed Goldman Sachs and Gilbert + Tobin to assess a stockmarket float likely to be worth in excess of $1.5 billion.

Woodside has confirmed plans to merge with BHP's oil and gas business, with the new $40 billion entity to be led by Meg O'Neill.

Oil Search has rejected a Santos merger bid valuing the joint entity at $22 billion, revealed one day after Oil Search's chief executive resigned.

Nickel miner Western Areas has secured $85 million to complete the development of its Odysseus project in the northern Goldfields while announcing plans to raise a further $15 million.

Local lithium play Vulcan Energy Resources has secured a cornerstone investment from Gina Rinehart's Hancock Prospecting, as part of a $120 million placement.

A correction is surely coming as the stock market moves further out of touch with the real economy.