In this week's edition of Business News Background, head of content Mark Pownall and news editor Mark Beyer discuss the federal budget's impact on business, floating LNG, Euroz, Northern Star Resources, law firms and Hard Rock Cafe.
It may not be a feeding frenzy, yet, but the flood of deals in the Australian mining industry is a pointer to a significant and very positive mood swing.
Northern Star Resources has continued its aggressive expansion strategy, announcing it will buy the Jundee gold mine in Western Australia from Newmont Mining for $82.5 million.
Masked by the delay in plans to merge Barrick Gold and Newmont Mining to create a $33 billion global gold mining giant is another sign that Western Australia's resources industry is losing its international investment appeal.
SPECIAL REPORT: The gold and technology sectors have experienced a boost in investment activity for the March quarter, but doubts remain over whether it will last.
Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.
Northern Star Resources is planning one more acquisition after two recent purchases and an “aggressive” strategy made it Australia's fifth largest ASX-listed gold producer.
Northern Star Resources has been recognised for excellence in the resources sector, winning the fourth annual Craig Oliver award at the RIU Explorers Conference.
Northern Star Resources has confirmed it will enter into a hedging program for almost a third of its forecast gold production over the next 12 months as concerns over price volatility continue to linger across the sector.
The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.
Northern Star Resources looks set to emerge as the fifth biggest gold mine operator in Western Australia following its $75 million acquisition of Barrick Gold's majority stake in the East Kundana joint venture and the Kanowna Belle mine.
If nothing else, Bill Beament has just cemented for himself a place in Australian business history by placing one of the biggest bets ever on the future price of gold – and possibly on the future value of the Australian dollar.
Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.
SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.
Northern Star Resources expects to almost double its annual gold production to more than 200,000 ounces following its $25 million purchase of the Plutonic gold mine from Barrick Gold.
Northern Star Resources has weathered a fluctuating gold market with low costs and strong profits, and is looking forward to new acquisition opportunities, chairman Chris Rowe announced at its annual general meeting today.
Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.
Northern Star Resources has announced that director Michael Fotios has resigned from the company's board and will take up a position as a consultant to the gold miner.
Western Australia's gold sector is rallying against a potential increase in royalty rates, saying such a move would significantly hurt country towns as well as local producers of the precious metal.
Business News for Western Australia. Monday August 5. Jessica Taylor reports. Election campaign kicks off. Strait Resources to sell Indonesian mine. Northern Star Resources reports record profit and more.
Northern Star Resources has confirmed another record profit despite taking a $10 million hit on the values of its tenements and other assets over the 2013 financial year.
Western Australian gold producer Northern Star Resources has shrugged off a falling gold price to report record production and predicted a record profit this financial year.
Northern Star Resources says its record production during the 2013 financial year largely offset the impact of lower gold prices and led to a record profit, but it hasn't been enough for the miner
Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.
Northern Star Resources' Bill Beament is this year's 40under40 First Amongst Equals, heading off strong competition from the three other finalists -Julie Shuttleworth, Steve Gostlow, and Phil Britten.
Northern Star Resources has booked a half year profit increase of 78 per cent, after increasing production capacity at its Paulsens gold mine to more than 100,000 ounces per year.
Perth-based gold miner Northern Star has signed a joint venture agreement with Fortescue Metals Group to acquire non-iron ore mineral rights to what it described as "barely explored" acreage near s
UNDERSTANDING the growing complexity of remuneration packages is a challenging exercise for investors seeking to determine the value, or otherwise, offered by a company's management team.
