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ASX Limited’s chairman Damian Roche has bowed to investor pressure and will step down next month, handing the reins to former banker David Clarke, as the fallout from the bungled CHESS replacement project continues.

First round offers went in for Anglo Amercian’s Australian metallurgical coal mines at the start of the week, but the buyers of South32’s Illawarra metallurgical coal business could be playing more of a part in the outcome than some might suspect, writes Bridget Carter.

Greatland Gold is aiming to develop a “generational Australian gold-copper mining complex” based around its acquisition of the Telfer mine and Havieron deposit in Western Australia, which it has bought from Newmont for up to $714m.