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Asia
 
CORPORATE ACTIVITY

Norilsk reaffirms potential hostile AMR bid

0 COMMENTS
Russia’s Norilsk Nickel on Thursday reaffirmed its potential hostile bid to take over TSX-V-listed Asian Mineral Resources (AMR) through an all-cash transaction. Norilsk, the world’s biggest nickel and palladium producer, said it had...
By: Henry Lazenby
25th May 2012
 
 
ZINC

China infrastructure push to boost zinc imports, support prices

0 COMMENTS
China is likely to boost imports of zinc in the fourth quarter of the year after Beijing said it would speed up infrastructure investment, market players said, helping support prices for the base metal. Zinc is set to reap the benefits of a push...
By: Reuters
25th May 2012
 
 
COPPE

Anglo gaining ground in Codelco battle

0 COMMENTS
With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...
By: Martin Creamer
25th May 2012
 
 
CORPORATE ACTIVITY

Asian Minerals says Norilsk hostile offer 'too vague'

0 COMMENTS
Directors of emerging nickel producer Asian Mineral Resources (AMR) on Thursday said a hostile takeover bid by Russia's Norilsk Nickel, the world's biggest nickel and palladium producer, for all the shares of AMR, was “too vague”. In a...
By: Henry Lazenby
24th May 2012
 
 
ALUMINIUM

Novelis posts loss; sees demand rising

0 COMMENTS
Novelis, the US unit of India's largest aluminum producer Hindalco Industries, posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum rolled products in Asia, driven...
By: Reuters
24th May 2012
 
 
ALUMINIUM

China's top aluminium province idles plants as demand slows

0 COMMENTS
China's top aluminium-producing province has idled about 700 000 t of capacity in recent months, a senior industry official said, further evidence that slower growth in the world's No. 2 economy is denting the country's appetite for commodities....
By: Reuters
24th May 2012
 
 
COAL

China Shenhua says plans to buy assets from controlling shareholder

0 COMMENTS
China Shenhua Energy Co Ltd, the country's largest coal producer, said it plans to acquire assets from its controlling shareholder including equity interests in or assets of China Shenhua Coal Liquefaction and Chemical Co Ltd and Shaanxi Shenyan...
By: Reuters
24th May 2012
 
 
MINING FINANCE

BHP raises €2bn through bonds

0 COMMENTS
Mining giant BHP Billiton has raised €2-billion from its Euro Medium Term Note programme, raising funds for corporate purposes. The two-tranche offering comprises a €1.25-billion 2.125% bond, due in 2018, and a €750-million, 3% bond due in...
By: Esmarie Swanepoel
24th May 2012
 
 
RIGHTS OFFERING

Ivanhoe to launch $1.8bn rights offering

0 COMMENTS
TSX-listed Ivanhoe Mines, which is majority owned by Rio Tinto, said on Wednesday it would launch a rights offering to raise about $1.8-billion. The rights offering to existing shareholders formed part of a funding agreement to enable Ivanhoe to...
By: Henry Lazenby
23rd May 2012
 
 
COPPER

Quaterra sees 41m lb/y copper mine at MacArthur

0 COMMENTS
Vancouver-based Quaterra Resources on Wednesday announced the results of a scoping study at its MacArthur copper property in Nevada, outlining a potential 41-million-pound yearly operation coming at a capital cost of $232.7-million. The project...
By: Matthew Hill
23rd May 2012
 
 
IRON-ORE

Mongolia iron-ore miner in $300m Hong Kong IPO – source

0 COMMENTS
Mongolian iron-ore miner Altain Khuder plans to raise about $300-million through a Hong Kong initial public offering (IPO), a source with knowledge of the matter told Reuters, underscoring a push by mining companies from the resource-rich country...
By: Reuters
23rd May 2012
 
 
OIL & GAS

PTT's $1.9bn bid for Cove trumps Shell

0 COMMENTS
Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...
By: Reuters
23rd May 2012
 
 
 
 
 
 
 
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