A resource for the mining and finance sector to access the latest information and evaluate movements in the marketplace.
Indian mining giant Adani has today decided to go ahead with their deal with the Queensland government to invest $16.5 billion in the state’s Carmichael mining projects – despite strong public opposition.
The acquisition of Rio Tinto’s Coal & Allied assets by state-owned Chinese firm Yancoal has fallen under much scrutiny over the past few months – and now concerns have been raised about whether the Chinese government will allow the deal to go ahead.
Shandong Tyan Home, which owns Minjar Gold, told investors via the Shanghai Stock Exchange that negotiations for the deal had to be abandoned due to new capital and acquisition rules in China.
An agreement has been signed this week under which LDC Metals will offtake the zinc, copper and lead concentrates produced from the Woodlawn zinc-copper project owned by Heron Resources in New South Wales.
Mitsubishi stake in Rio Tinto Hunter Valley coal assets to be sold to ‘superior bidder’ in deal Rio Tinto’s sale of its Hunter Valley coal assets now hinge on Yancoal’s ability to prove the stability of their financing situation after Mitsubishi agreed to divest their stake in Coal & Allied to either the state-owned Chinese ...
Acacia Mining, the African subsidiary of Canada’s Barrick Gold, is losing more than US$1 million in daily revenue after Tanzania has extended a ban on the export of gold concentrate.
Anglo American has appointed Stuart Chambers as its new chairman, the FTSE 100 company announced on Wednesday.
Yancoal’s bid for Rio Tinto’s Coal & Allied assets has sparked concern about possible mining job losses in the Hunter Valley associated with a $600 million bid black hole.
Canada’s Liberty Silver has announced plans to acquire Placer Mining’s Bunker Hill Mining Complex in Kellogg, Idaho.
The Queensland government has transferred the mining lease for the Blair Athol coal mining project to Orion Mining, officially completing the $1 acquisition.
Financial uncertainty at commodities trader Noble Group, Yancoal’s second largest shareholder, has raised fears that the Chinese coal miner’s deal with Rio Tinto may be unviable.
The South African government is updating the country’s Mining Charter which is currently set to “dilute shareholders, raise costs and impose new levies to fund community development.”
Canadian iron ore miner Quebec Iron Ore has signed an agreement with the Japanese commodities firm Sojitz to restart its iron ore mine in Bloom Lake Quebec, its parent company Champion Iron has announced.
Chinese-state miner Yancoal’s funding problems just got worse, after it offered US$710 million for Mitsubishi’s stake in a coal mine in Australia’s Hunter Valley.
