Copper Tag

Australia delivered a full-year trade surplus of AUS$49.9 billion thanks to record high exports from the resources sector, which has been boosted by higher commodity prices during the last year. Iron ore was again Australia’s biggest single contributor to exports, delivering $77 billion in revenue over...

Australian copper firm Sandfire Resources has acquired fellow ASX-listed miner MOD Resources at the second time of asking, after submitting an improved AUS$167 million deal for the Botswana-focused explorer. Sandfire’s initial $94.5 million bid was rejected in January by MOD, who said the offer significantly...

BHP has paid around AUS$84 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by Australia’s largest listed gold firm Newcrest Mining. The latest investment nearly doubles BHP’s ownership in SolGold, after the world’s biggest miner first bought...