Xstrata has jumped back into the global merger frenzy. It emerged yesterday that the miner is the mystery bidder that forced Macarthur Coal, Australia’s largest independent coal producer, to announce 10 days ago that it had been approached about a possible takeover.
Macarthur and its top two shareholders, who it admitted had also been approached, have [...]
China Coal Energy, the country’s No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world’s largest coal market.
China Coal, the country’s largest coal producer after Shenhua Energy, also expected to export about as much of the hydrocarbon this year as it did [...]
Canadian Arrow Mines, Ltd. is pleased to provide an update on the metallurgical test-work program underway on ores from the Kenbridge Nickel Project in Northwestern Ontario. Xstrata Process Support (XPS) of Sudbury, Ontario recently completed a series of variability tests as part of the Phase 1 program to verify and optimize the flotation circuit for [...]
Benchmark energy coal prices at Australia’s Newcastle port rose after six straight weeks of decline following contract settlement between Xstrata XTA.L and Japan’s Chubu Electric 9502.T.
Thermal coal prices rose $5.83 from a week earlier to $125.42 a tonne, the globalCOAL’s NEWC weekly index showed in the week ended April 12, based on prices at Australia’s [...]
Xstrata, the world’s largest thermal coal exporter, has settled thermal coal contracts with Japan’s Chubu Electric for the business year starting this month at $125 a tonne, up 125 percent, a source close to the deal said on Monday.
The settlement price compares with last year’s $55.65, based on Xstrata Plc’s final settlement price with a [...]
Vale , the world’s largest iron ore miner, said on Tuesday that talks aimed at buying Swiss rival Xstrata had failed and that Vale would look at other potential takeover targets.
“Given that an agreement was not reached, discussions between the parties have been discontinued,” Vale said in a statement to the local market regulator. Vale [...]
Global mining giant BHP Billiton(BHP.AX)(BLT.L) said it plans to invest $975 million to upgrade and expand its thermal coal mines in South Africa to sustain coal exports amid soaring coal prices.
BHP approved an investment plan to develop new coal reserves across its Douglas and Middleburg collieries in South Africa and build a coal processing [...]
CROWFLIGHT MINERALS INC. is pleased to announce that it has acquired additional property adjacent to the former producing Manibridge Nickel Mine in the central portion of the Thompson Nickel Belt, approximately 15 kilometres south of its Bucko Lake Nickel project, currently under development.
Crowflight has added approximately 83 square kilometres (32 square miles) to its [...]
Singapore-listed Noble Group increased its stake in Australian coal miner Gloucester Coal Ltd. to 10.4 percent, the Australian company said Wednesday.
Noble Group announced late Tuesday in an announcement to the Singapore Exchange it had purchased a further 4.3 million shares of the Sydney-based company to raise its holding. Noble Group said it now holds 8.2 [...]
Castillian Resources Corporation announces that the Board of Directors has approved a Cdn$9.0 million exploration budget to aggressively explore the Company’s three key nickel sulphide projects. The company has set an objective of completing the delineation drilling of the Mangabal South Deposit in Brazil and the Las Aguilas Deposit in Argentina, in order to commence [...]
