by Gordon Barratt | Mar 2, 2020 | News
Kalgoorlie’s Super Pit The value of mergers and acquisitions (M&A) deals in Australia’s metals and mining industry increased by 367.4 per cent during the fourth quarter of 2019. Australian M&A deals reached $US3.37 billion ($5.2 billion) during the...
by Gordon Barratt | Mar 2, 2020 | News
State-miner Coal India Limited’s (CIL’s) planned investment in overseas coal assets is facing stiff speed-breakers, with global merchant bankers unwilling to take up an advisory and due diligence mandate for the so-called ‘dirty fuel’. Last year, the miner floated a...
by Gordon Barratt | Mar 2, 2020 | News
Reference photo of a bulk freighter loading coal. (Image by Roy Luck, Flickr). Fitch Ratings predicts a short lifetime for the rise in seaborne thermal coal prices, caused by a supply disruption at Chinese coal mines amid prevention measures against the COVID-19...
by Gordon Barratt | Feb 28, 2020 | News
Midas Gold has entered into funding agreements for gross proceeds of $35-million to be used for funding continued work on the Stibnite gold project, in Idaho, in the US. The company said it would raise at least C$33.2-million, or about $25-million, from Paulson &...
by Gordon Barratt | Feb 28, 2020 | News
Rio Tinto plans to invest $1 billion over the next five years to meet its new climate change targets. Despite the investment chief executive Jean-Sébastien Jacques has stated, “There is no clear pathway right now for the world to get net zero emissions by 2050.” Rio...
by Gordon Barratt | Feb 28, 2020 | News
Image: Adani. Adani Mining chief executive Lucas Dow has stressed that the Carmichael mine and rail project in Queensland is “well and truly under way” to delivering first coal next year. Dow, speaking at the first Bowen Basin Mining Club luncheon of 2020 this week,...
