Search Results
The Biggest Mining Company, BHP Billiton Selling 28% of Iron Ore Mine Production at Forecast Decline in Contract Prices
BHP Billiton Ltd., the world’s largest mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast decline in contract prices.
Australia’s mining boom transforms rich list
f 20th-century Australia was dominated by New South Wales and Victoria and the rivalry between Sydney and Melbourne, then this century is set to be marked by the rise of the mining states – Western Australia and Queensland.
The number of resources executives among the country’s top 200 wealthiest business leaders has almost doubled in the [...]
UBS to help manage PetroChina IPO
PetroChina, China’s largest oil and gas group, has chosen UBS to help raise up to $6bn in what is poised to be one of the biggest listings on the country’s mainland market.
PetroChina is the latest big state-owned company to decide to seek a Shanghai listing, underlining Beijing’s efforts to damp investor exuberance by increasing the [...]
Bulge bracket firms dominate in Asia
While bulge bracket firms did not dominate the Financial Times/StarMine Awards for Europe in 2006, they certainly did in Asia.
Independent research houses have made significant in-roads in the US and Europe but, judging from the results, when it comes to producing accurate company analysis the emerging markets of Asia require an altogether higher level of [...]
Namibia suspends issuing new uranium prospecting licences
Foreign mining companies after Namibia’s yellowcake are warned. The country has suspended issuing new uranium prospecting licences, as it seeks to bring order in the rush for its uranium resources.
Permanent secretary in the Ministry of Mines and Energy, Joseph Iita was quoted by the daily Namibian Wednesday as saying that no applications were currently being [...]
Monterrico agrees takeover by China group -source
Peru-focused copper miner Monterrico Metals Plc has agreed to be taken over by a consortium of Chinese companies at a price more than 20 percent higher than Friday’s close, a source familiar with the situation said on Sunday.
The source told Reuters that the firm would put out a statement on Monday detailing the terms of [...]
China to buy first listed UK company
Monterrico Metals, a London-based mining firm, is set to become the first quoted British company to fall into Chinese hands, The Sunday Telegraph can reveal.
A deal to acquire Monterrico, which is listed on the Alternative Investment Market (Aim), could be unveiled as soon as tomorrow, and is likely to value the company at just under [...]
Around Asia’s markets: Analysts bet on China coal
Investors looking to profit from a surge in Asian coal sales this year may be better off with Chinese producers like China Shenhua Energy and Yanzhou Coal Mining than with their Australian competitors.
While the two nations account for 80 percent of the listed coal companies in the region, Chinese companies have the benefit of the [...]
Zhaojin Mining IPO draws $282 Million
Share sale of Chinese gold miner benefits from weak U.S. dollar.
Zhaojin Mining Industry, the largest gold miner in the eastern Chinese province of Shandong, raised 2.19 billion Hong Kong dollars, or $282 million, in an initial public offering in Hong Kong that ended last week, according to two bankers involved in the transaction.
Zhaojin sold 172.8 [...]
