Daily Roundup

Stanmore Resources is making a major move in the coal sector, agreeing to acquire Moranbah South from Exxaro for US$105 million. The deal will give the company a significant boost to its resource base, adding 724 million tonnes of measured and indicated coal resources—primarily premium hard coking coal. Located adjacent to Stanmore's existing Eagle Downs and Isaac Downs Extension projects, the acquisition is expected to strengthen the company's growth platform considerably. The transaction does come with one condition: it's contingent on Exxaro first acquiring Anglo American's 50% stake in the joint venture, which should wrap up by the end of 2026. Stanmore expects to complete its side of the deal by Q4 2026.

Peter Warren Automotive is pushing ahead with its Wakeling acquisition, and it just cleared a major hurdle. The ACCC has approved the deal, though with some strings attached. To address competition concerns in Sydney's Macarthur region, Peter Warren will need to divest eight dealership sites representing brands like Kia, GMSV, RAM, Isuzu UTE, GAC, Volkswagen, and Suzuki. The company operates over 80 franchise operations representing more than 30 different OEMs, and this acquisition fits squarely into its broader growth strategy. Completion is expected in the coming weeks.

Nine Entertainment's ownership structure is shifting, with the WIN Group increasing its stake in the company. Between late August and early September, WIN Group acquired 47 million NEC shares on the market, pushing its economic interest up from 28.22% to 31.18%. Its voting power also climbed from 22.98% to 25.94%. The disclosure follows WIN Group's previous stake announcement back in April.

Clean TeQ Water has landed a meaningful contract for the Syerston Scandium Project. Sunrise Energy Metals awarded the company a Front End Engineering Design and early works contract valued at approximately A$5.4 million. The scope includes A$2.0 million for FEED work and A$3.4 million for long lead deliverables, covering the continuous Resin-in-Pulp ion exchange circuit and scandium refinery using Clean TeQ Water's MBIX technology. Most of the FEED revenue is expected to hit the books in the 2027 financial year.

Index changes are coming to the ASX, with S&P Dow Jones Indices announcing its September 2026 quarterly rebalance, effective September 21. The S&P/ASX 20 remains unchanged, but there's movement elsewhere. Mineral Resources and NEXTDC are being added to the S&P/ASX 50, while WiseTech Global is being removed. The S&P/ASX 100 will add Codan and remove Atlas Arteria. Various other additions and removals are happening across the 200, 300, and All Ordinaries indices, with full details available on the S&P Dow Jones Indices website.