The AWE board has unanimously recommended MIN's offer to acquire the company via a scheme of arrangement. The jewel for MIN is the Waitisa gas field in the Northern Perth Basin, which has strategic value given the energy intensity of MIN's current and planned operations (AWE has a 50% interest and is the operator in Waitsia, with a gross 811PJ 2P Reserve,100% basis). MIN’s own demand of ~30TJ/d from projects at Wodgina, Mt Marion, and synthetic graphite production alone. MIN's management thinks long-term (30-50yr project life), and I see the AWE deal, if successful, as a key piece in developing high-value long-term projects for MIN, and their clients.(VIEW LINK)


Please sign in to comment on this wire.