https://newsletter.en.creamermedia.com
Africa|Exploration|Gold|Mining|Resources|Road|Operations
Africa|Exploration|Gold|Mining|Resources|Road|Operations
africa|exploration|gold|mining|resources|road|operations

Australia's FIRB approves Gold Road-Gold Fields deal

21st May 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The Australian Foreign Investment Review Board (FIRB) has approved South Africa-based miner Gold Fields' A$3.7-billion acquisition of the Australian mining company Gold Road Resources.

The FIRB approval satisfies a key condition of the transaction announced earlier this month, under which Gold Fields will acquire all outstanding shares in Gold Road through a scheme of arrangement.

The transaction will give Gold Fields full ownership of the Gruyere gold mine in Western Australia – a joint venture it currently operates with Gold Road – and adds the Yamarna exploration portfolio to its books.

Gold Road shareholders are set to receive A$3.40 a share in cash, comprising a fixed portion of A$2.52 and a variable component tied to Gold Road’s shareholding in Northern Star Resources. The offer includes a fully franked special dividend of about A$0.35 a share, which will be deducted from the fixed cash portion.

The scheme remains subject to Gold Road shareholder and court approval, an independent expert’s assessment that the deal is in shareholders’ best interests, and other customary conditions. A shareholder meeting is expected to be held in September.

If successful, the deal will see Gold Road delisted from the ASX and absorbed into Gold Fields’ global operations.

Edited by Creamer Media Reporter

Comments

 

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 23 May 2025
Magazine round up | 23 May 2025
23rd May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.259 1.359s - 170pq - 2rq
Subscribe Now