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CIC To Buy Equity Stake Teck Resources, China To Increase Investment In The Mining Sector
Teck Resources is a mineral exploration mining activities have a very knowledgeable. Teck mining company that produces zinc, copper, coal and metallurgy. To maintain the existence of the company and support the mine operations company, Teck will sell some equity stake to the state-owned China Investment Corp. (CIC). Equity stake sale is expected to pay [...]
Hunan Valin Iron & Steel Group To Invest in Fortescue Metals Group
Hunan Valin Iron & Steel Group executives said China’s sovereign-wealth fund may help finance expansion at Fortescue Metals Group Ltd. through debt rather than stock purchases, as the Chinese steel group became the Australian iron-ore miner’s second-biggest shareholder.
26 million tonnes Coal-mine Exports Plans by Exxaro Coal Resources
Miningmx cited Mr Ernst Venter general manager of Exxaro Coal as saying that EXXARO Resources plans to export 26 million tonnes of coal from its Grootegeluk coal mine as it increases production there to 120 million tonnes in a decade.
Mr Venter told Miningmx on the sidelines of the Coaltrans South Africa conference in Johannesburg “We [...]
