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Aquila Resources

FIRB approves Baosteel, Aurizon bid for Aquila

The Foreign Investment Review Board (FIRB) has approved Chinese steel giant Baosteel and freight operator Aurizon’s A$1.4-billion bid for ASX-listed Aquila Resources. FIRB approval was one of the conditions of the A$3.40-a-share offer for all...
29th May 2014

Deal pipeline building but backdrop of caution remains

Australia’s merger and acquisition (M&A) activity declined during the first quarter of the year, advisory firm Ernst & Young (EY) reported on Thursday, with deal value and volumes down 15% and 79%, respectively. Only 45 M&A transactions were...
22nd May 2014

Baosteel and Aurizon bid $A1.4bn for Aquila

Chinese steel giant Baosteel and Australian freight operator Aurizon have made a A$1.42-billion play for ASX-listed Aquila Resources. Boasteel Resources chairperson Zhihao Dai said on Monday that the A$3.40-a-share offer provided Aquila...
5th May 2014

New mining plan to boost Washpool output – Aquila

A supplementary study for ASX-listed Aquila Resources’ Washpool hard coking coal project, in Queensland, has introduced a new mining plan for the operation that would increase output. The supplementary study to the definitive feasibility study...
15th April 2014

Aquila settles Eagle Downs dispute with Vale

Junior diversified miner Aquila Resources on Monday reported that it had reached an agreement with Brazilian major Vale around the Eagle Downs hard coking coal project, in Queensland. In the middle of last year, Aquila and Vale delayed the...
14th April 2014

Aquila to take action if no DMR overlapping prospecting right decision by May

Should the South African Department of Mineral Resources (DMR) not finalise diversified junior Aquila Resources’ internal appeal by May to set aside an alleged overlapping prospecting right regarding its Avontuur manganese project, in the Northern...
11th March 2014

Eagle Downs hard coking coal project, Australia Restricted

The contract for the construction of the drifts at Eagle Downs has been awarded to WDS Limited.
7th February 2014

Canadian juniors close merger, consolidate Back Forty interest

Canadian miner Hudbay Minerals on Friday announced that it had completed the sale of its 51% controlling stake in the Back Forty zinc/gold exploration property, located in Menominee county, Michigan, to its fellow TSX-listed joint venture (JV)...
17th January 2014

Shares spike at Aquila after Baosteel lifts stake

Shares of Australia's Aquila Resources briefly rose more than 6% on Thursday after the company said one of China's largest steelmakers, Baosteel, had raised its stake to almost 20%. The stock climbed as high as A$2.25, or by A$0.13 before falling...
19th December 2013

Former Gindalbie MD joins Aquila board

The former MD of emerging magnetite producer Gindalbie Metals, Tim Netscher, has joined the board of junior diversified mining company Aquila Resources as an independent nonexecutive director. The company said that Netscher, who is also currently...
8th November 2013

Canadian juniors announce merger, to consolidate Back Forty interest

TSX-V-listed gold juniors Aquila Resources Inc and REBgold on Thursday announced a definitive agreement to combine their businesses, after which the merged entity would buy the remaining 51% interest from Hudbay Resources in the Back Forty...
8th November 2013

Aquila considering legal action to ‘protect’ rights at Avontuur

Diversified junior Aquila Resources is considering legal action to ensure its rights over a portion of the Gravenhage manganese deposit, which forms part of the Avontuur project in South Africa. Aquila has been in contact with lawyers from Pan...
20th September 2013
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