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Baobab Resources Best Iron Ore Mining Company in Tete
Baobab Resources owns a number of exploration licences in the southeast-African state of Mozambique. Most notable of these is a large iron ore deposit in the Tete region, where scout drilling recently resumed after the end of the local wet season.
As Asian demand for steel has driven up the price of iron ore – and [...]
Bathurst Resources Joint Venture with L&M Coal Holding Acquires Coking Coal Asset in New Zealand
Australian listed coal company Bathurst Resources has penned an agreement with L&M Coal Holdings to joint venture and ultimately acquire an outstanding hard coking coal asset in the Buller coal field in New Zealand through the acquisition of 100% of L&M Coal Limited.
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
