Shareholders call for a better offer from Beament’s Northern Star

Shareholders call for a better offer from Beament’s Northern Star

Takeover tensions rise as EAR shareholders insist on receiving a better offer from Bill Beament’s Northern Star Resources Ltd (ASX: NST). On August 2019, NST announced that they entered into a Bid Implementation Agreement (BIA) to acquire the shares of Echo Resources Ltd (ASX: EAR). Since then, Echo Shareholders have become uneasy and undecided whether to accept NST’s 33¢ per share offer or to wait it out until the bid increases. Shareholders urge Beament to increase takeover offer Echo Shareholders call for a revaluation of the takeover offer, hoping for…

Bill Beament’s appointment of Northern Star Mining proves to be an expensive mistake

Bill Beament’s appointment of Northern Star Mining proves to be an expensive mistake

When Northern Star Resources Limited (ASX: NST) entered the East Kundana Joint Venture (EKJV) in 2014 after buying out Barrick Gold, gold production suddenly became a lot more expensive. Executive chairman Bill Beament was expected to deliver top quality gold, but instead he has been producing low grade products that are more costly to make. Things got worse in 2017 when mining contractor Barminco’s contract at Kundana mine was terminated as it could not agree on new rates with Northern Star following a change in work scope. Beament then appointed…

Where will Bill Beament be when the share price slides?

Where will Bill Beament be when the share price slides?

Bill Beament’s Northern Star Resources (NST) is buoyed by the Australian dollar and soaring prices. The volatility of the share price is a cause of great concern for market insiders and investors. When NST’s share price declines, we foresee Beament to have already dumped his shares in a bullish market. Beament offloads his shares, reducing his holding over 70% Bill Beament’s substantial amount of transactions in the past two years unsettle insiders and shareholders. Here’s an overview of his massive insider sales: On December 2017, Northern Star Resources Ltd (ASX:NST)…

Will Northern Star’s Share Price Plummet Below $10?

Will Northern Star’s share price plummet below $10?

Will the share price of Bill Beament’s Northern Star Resources Ltd [ASX: NST] fall below $10 as happened after the release of the financial results for the FY2019? Market observers forecast NST drifting down and their share price going below $10 if the gold price falls. Bill Beament’s poor judgement calls and decisions, and recent acquisitions contribute to the fluctuation of NST’s share price. Beament’s NST one of the worst performers on the ASX shares index NST was the best performing share on the ASX for the last decade.  But…

Bill Beament undervalues his partners

Bill Beament undervalues his partners

Northern Star (NST), under the leadership of Bill Beament, has been expanding their mining operations through acquisitions of gold mines across Australia and North America. NST has been reaping benefits without any regard for their partners.  Beament’s ‘opportunistic’ offer to NST’s EKJV Partners When Bill Beament offered to buy Tribune Resources (TBR) and Rand Mining’s (RND) combined 49% stake in the East Kundana Joint Venture (EKJV), he violated a long-standing code of conduct and respect amongst Kalgoorlie miners.  TBR and RND labelled the timing of NST’s $150 million offer as…

Rio Tinto wins environmental award for turtle monitoring

Rio Tinto, which shares its Pilbara ports with some of Australia’s most important turtle breeding grounds, is making efforts to ensure its flippered friends have the best chance at making it to adulthood. Cape Lambert Port runs adjacent to Bells Beach, which is recognised throughout the Pilbara region as a significant mainland rookery for the threatened flatback turtle. Since 2002, Rio Tinto has developed and implemented a marine turtle monitoring and management plan (MTMMP) to ensure design, construction and operation of its ports do not disturb the threatened species. The…

THE PI SYSTEM MAKES DATA SHINE FOR ANGLO AMERICAN PLATINUM

To keep Anglo American Platinum’s equipment running and to maintain ingot quality assurance, the company used to collect operations data manually. It required many man-hours to extract relevant data from spreadsheets. As part of their digital transformation, the company created a platform to access up-to-date ingot and equipment life-cycle information to eliminate the manual process. The PI System gave Anglo American Platinum visibility into their manual process, allowing them to track each step of production. By capturing critical process events, the company saved around 400 hours of additional development time.…

Paul Cuthbert and BHP lead charge towards diversity

The 2019 Prospect Awards Mine Manager of the Year has overseen a range of BHP’s projects in his 13 years with the company, including developments at the Olympic Dam and Roxby Downs sites. Salomae Haselgrove writes. Paul Cuthbert is today the general manager mine at Olympic Dam, one of the world’s most significant deposits of copper, gold, silver and uranium, located 560 kilometres north of Adelaide in South Australia. Olympic Dam is made up of underground and surface operations, including a fully integrated facility for processing from ore to metal.…

Hegarty receives reward for a lifetime of achievement

Despite having won the Liebherr Lifetime Achievement Award, EMR Capital chairman Owen Hegarty is not done multiplying the benefits of Australia’s mining industry. EMR Capital chairman Owen Hegarty may have been honoured with the Liebherr Lifetime Achievement Award at the 2019 Australian Mining Prospect Awards, but it is clear he still has a lot left to do in his career. While Hegarty is “pleased, delighted, happy, humbled, chuffed and honoured” to be recognised with the award, he believes “the usual story with these things is, it’s never over.” “I love…

Community goals shaped by real needs

New Century Resources has turned the Century zinc operation in Queensland into an award-winning mine since acquiring it in 2016 while also benefitting local communities. When it comes to fulfilling social responsibilities, New Century Resources doesn’t set its own agenda at the Century zinc operation in Queensland. Instead, the company goes out and seeks the real needs and vision of the local communities in which it operates. New Century’s approach won it the Bulk 2020 Community Interaction award at the 2019 Australian Mining Prospect Awards – the company’s first of…