BHP top shareholders step up pressure for oil spinoff
They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.
The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.
Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.
After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government slashed the coal’s sector subsidy by two-thirds.
South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.
Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK.TO - News) has filed a notice of civil claim (the "Claim") dated May 28, 2012 in the Supreme Court of British Columbia against the Province of British Columbia (the "Province") with respect to Cline Mining's Lodgepole, Sage Creekand Cabin Creek coal properties located in the Flathead Valley in Southeastern B.C. and the Province's passing of the Flathead Watershed Area Conservation Act (the "Act").
The Newman Government has given the green light to what will be one of Australia’s biggest mines, the $6.4 billion Alpha Coal Project in Queensland’s Galilee Basin.