ASX opens flat, Aussie gold miners in $16b merger

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The federal government will release its Budget at 7pm this evening, a Reserve Bank board rates decision is due at 2.30pm. Follow the markets live with us

Victoria has recorded 15 new cases of COVID-19 in the past 24 hours, and one death - according to data just released by the Victorian Health Department.The number of mystery cases over the past two weeks is still 13, unchanged since Sunday.Northern Star Resources and Saracen Mineral Holdings are set to merge and create a $16 billion, top 10 global gold miner.

Saracen shareholders will receive 0.3763 Northern Star shares for each Saracen share held on the record date. The firms said the scheme will create a top-10 global major gold producer, with high-margin assets located exclusively in Tier-1 jurisdictions. Law firm Johnson Winter and Slattery alleged the insurer engaged in misleading and deceptive conduct at its Swann Insurance offshoot for selling additional insurance products that were expensive and poor value.Add-on insurance products refer to the type of cover sold through motor dealers covering things like tyre and rim insurance, consumer credit insurance and loan protection.

 

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Federal gov will take credit for reserve bank cut (if there is one). In fact they should be ashamed it had to be cut. Costello used to take credit for cuts too but when rates rose, he passed the buck and said the government did not control monetary policy.

Federal government mismanagement and incompetence has given us a Recession Frydenberg is not a fair man l see a very flawed budget

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Australian gold miners Northern Star, Saracen agree to $16b mergerAustralian gold miners Saracen and Northern Star have sealed a deal to merge into a $16 billion company that would rank in the ten biggest producers worldwide and expand output at a time of soaring gold prices | NickToscano1 NickToscano1 Goldfinger, he’s the one. The one with the Midas touch. A spider’s touch... NickToscano1 Gold doesn’t conduct itself as well as Silver. So why is it so popular?
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