Franco-Nevada Corp, the royalty company, has announced a C$340 million (US$325 million) bought deal financing to fund acquisitions and working capital.
Aston Resources Ltd has agreed to sell 10% of its Maules Creek coal project in New South Wales to a subsidiary of Japan’s Electric Power Development Co Ltd for A$370 million.
Funds reduced bets on rising commodity prices by the most in any week since February 2010 on mounting concern that a weakening global economy will slow demand for raw materials. In the week ended Aug 9, speculators cut their net-long positions in 18
Newcrest Mining Ltd has declared a A$0.20/share (US$0.20/share) special dividend for the financial year to end-June, thereby doubling its annual distribution to shareholders to A$0.50/share, compared with a year earlier.
Anvil Mining Ltd expects to reach design capacity of 5,000t/month of copper cathode production in the December quarter this year. In the June-quarter results announcement the company said the Kinsevere Stage II SX-EW plant in the Democratic Republic of the Congo (DRC) was “essentially complete” having produced 2,023t and 3,173t in June and July, respectively.
Mining companies on London’s main market showed improvement this week to recover some of the significant losses that have hampered global stocks during August.
Resource nationalism is the greatest business risk faced by mining and metals companies around the world. This is the key finding in the latest 'Business Risks' report from Ernst & Young.
The President of Chile, Sebastian Pinera has split the mining and energy ministry into two, replacing Laurence Golborne with Hernan de Solminihac and Fernando Echeverria, respectively, in the two posts.
