Business
Aussie gold mining mega-merger overwhelmingly backed by shareholders – NEWS.com.au
Aussie gold mining mega-merger overwhelmingly backed by shareholders
Shareholders in Saracen Mineral Holdings have overwhelmingly voted in favour of merging with the gold miners joint venture partner at the massive Super Pit in Western Australia, a tie-up that was immediately feted as making perfect sense.Saracen and Northern Star Resources announced the plan in October, proposing the latter’s investors would own 64 per cent of the combined entity, while Saracen shareholders would hold the remaining 36 per cent.
Saracen shareholders threw their support behind the…
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