Tag: mining

The government's sell-down in the country's largest iron ore miner will boost the free-float to 10%, but valuation multiples suggest it could be a tough sell. The Hong Kong-based shipping company executes a deal that is viewed as well priced, and only two days after Vedanta issues another well-received deal, sparking hopes of a ... Recent developments in Mongolia indicate that the remote country is finally about to live up to its incredible potential. The share price falls 10.5% during the marketing as investors position themselves to hedge the $500 million convertible, but recovers the majority of the loss the following day. China Vanadium Titano-Magnetite Mining attracts more than 100 institutional investors and sees a partial clawback, while Wilmar China decides to hold off on its IPO. Welspun Gujarat raises $130 million, while Sesa Goa sells $500 million worth of CBs, putting India back on the radar screen after 18 months with no CB issuance. Yingde Gases, China Vanadium, Ausnutria Dairy and Wuzhou Shenguan Protein Casing aim to raise a combined $1.1 billion. The Hong Kong-listed company raises $507 million from private and cornerstone investors as part of a transformational deal that will make gold and silver mining its core business. Peter Morrow, CEO of Khan Bank, explains how commodities could ease Mongolia’s financial problems, while highlighting the potential risks involved. Saudis are promoting other sectors of the economy in an effort to build on competitive advantages other than oil. The bank provides $40 million in pre-export finance to Platinum Group Metals. A secretive viewing of Argyle's pink diamonds reveals some true gems. The pre-IPO investor receives a waiver that allows it to sell its remaining 11% in the coking coal producer through a placement. The underlying dynamic of increased demand without increased production remains the primary reason for the recent sharp increase in global metal prices. A $300 million issue from Indonesia's largest coal producer fails to attract investor interest due to a lack of compensation for a potential special dividend and other ... The French nuclear group agrees to buy an 18% stake in Australia’s Summit Resources, foiling a planned takeover by rival Paladin. The stock market correction and a high absolute price of HK$42.50 per share lead to muted demand from retail investors. Intime Department Store seeks up to $300 million, while Australia-listed Sino Gold hopes to raise its valuation with a $125 million secondary listing closer to its operations ... Four strategic investors are already in place for the circa $280 million deal which is viewed as a pure play on gold prices. LinQ Resources Fund explains how a private-equity company can find the fledgling stars from the army of smaller mining and exploration stocks.