by Gordon Barratt | Jul 30, 2020 | News
Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that’s decidedly more old school. Saudi Arabia’s Mohammed Al Amoudi and Russia’s Alexander Nesis and Suleiman Kerimov have the...
by Gordon Barratt | Jul 30, 2020 | News
The Pilgangoora operation. Image: Pilbara Minerals Pilbara Minerals is set to receive $US110 million ($153.3 million) in financing, positioning it to capitalise on the growing demand for raw lithium materials. The company inked such agreement with international bank...
by Gordon Barratt | Jul 30, 2020 | News
The Winu project. Image: Rio Tinto. Rio Tinto has stood on the strength of its iron ore portfolio and declared a substantial dividend despite the impact of COVID-19. The company is paying a dividend of $US1.55 per share despite its underlying earnings before interest,...
by Gordon Barratt | Jul 29, 2020 | News
CIMIC Group has flagged that it is selling a portion of Thiess’ ownership stake to London-based funds management company Elliott Advisors.CIMIC is in an advanced stage of negotiation with Elliott to transfer 50 per cent of Thiess’ equity to the Elliott Management...
by Gordon Barratt | Jul 29, 2020 | News
Hargreaves Services Major North East employer Hargreaves Services saw revenues fall by more than a quarter as it was hit by project delays, in a year in which it moved away from its coal mining traditions. The Durham based business, launched as a coal haulage company...
by Gordon Barratt | Jul 29, 2020 | News
Ulaanbaatar /MONTSAME/ Minister of Energy N.Tavinbekh checked on site the winter preparations of Baganuur and Shivee-Ovoo JSCs. Baganuur coal mine that alone satisfies 60 percent of domestic coal demand and 70 percent of domestic thermal coal demand is in its...
