News Snapshot:
Citi’s resources bankers have been joined by Standard Chartered’s M & A advisory’s team at NSW’s Northparkes copper and gold mine, as its owner fields and assesses interest from a bunch of potential trade buyers. A jumbo drill is parked at a draw point where ore is siphoned from the block cave chamber at Northparkes copper and gold underground mine. Carla Gottgens/Bloomberg Sources said Northparkes, not long ago owned by Rio Tinto and sold for $US820 million to China Molybdenum Company and Sumitomo in 2013, had landed on the deal circuit, as first reported by The Australian Financial Review, after...