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ARTICLE · 03 JULY 2015

Australian mining sector update: June 2015 edition

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

Corrs Chambers Westgarth

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This is a summary of recently completed deals, market rumours, potential opportunities and relevant regulatory updates.

AustraliaEnergy and Natural Resources

Welcome to the June 2015 edition of the Australian Mining Sector Update, a publication prepared by Corrs Chambers Westgarth for clients and contacts who are interested in the Australian mining industry.

This publication brings together a brief summary of information about recently completed deals, market rumours, potential opportunities and relevant regulatory updates.

Recent announcements

On 6 May 2015, BHP Billiton announced that the demerger of South32, a spin-off entity which will own and operate BHP's non-core assets, has received overwhelming shareholder support, with the demerger resolution achieving 98.05% in favour. South32 will be a globally diverse metals and mining company, with a portfolio of cash generative assets producing thermal and metallurgical coal, aluminium, nickel, silver, lead, zinc and manganese. BHP Chairman, Jacques Nasser, said that the "demerger of South32 simplifies BHP's portfolio while retaining the benefits of scale and

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