Latest Asset Sale News

South32 has outperformed its FY26 production guidance, boosted quarterly sales by 15%, and announced a strategic sale of aluminium assets to Alcoa for up to US$5.6 billion, pivoting towards a base metals-focused portfolio.

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

AMP Limited has lifted its underlying net profit after tax (NPAT) guidance for the first half of 2026 to $170 million-$180 million, driven by stronger China partnerships and recognition of carried interest from legacy asset sales.

Fleetwood Limited is set to acquire Red Dog Village, Karratha’s largest transient worker accommodation facility, for $20 million, significantly boosting its regional scale and earnings potential.

Pilot Energy Limited and its subsidiaries have appointed voluntary administrators after failing to secure necessary funding or a strategic partner for their Cliff Head Carbon Storage Project. The company’s shares remain suspended on the ASX as administrators review options to preserve stakeholder value.

Triton Minerals has voluntarily suspended trading of its shares as it prepares to update the market on the completion status of its Mozambique graphite asset sale.

Channel Infrastructure has unlocked value from decommissioned assets while the Marsden Point Biorefinery project broadens its scope to include fertiliser production, aiming to boost New Zealand’s fuel and economic security.

Rural Funds Group has exchanged contracts to sell five agricultural assets for $255.6 million, trimming gearing to a pro forma 31.6% and reaffirming its FY26 income forecast.

Eminence Minerals has sold its non-core Mata da Corda Project in Brazil for USD 2 million, boosting its cash reserves and sharpening focus on priority assets.

Triton Minerals has issued a default notice to NQM Gold 2 following a missed completion deadline for the sale of its Mozambique graphite assets, pushing the transaction deadline to 9 July 2026.

Kincora Copper has sealed definitive agreements to divest its Mongolian subsidiaries for US$10 million, marking a strategic pivot to focus on its Australian gold-copper projects.

Korab Resources has pushed back the shareholder approval and settlement deadlines for its $4.35 million sale of the Geolsec mineral lease amid pending ASX clearance. The mineral lease, part of the Rum Jungle Project, remains a non-core asset for the company.