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Peabody, ArcelorMittal in bid for Australia Miner

Peabody, ArcelorMittal in bid for Australia Miner

News

US firm Peabody Energy and Europe's ArcelorMittal steel company said Thursday their hostile Aus$4.7 billion ($4.9 billion, 3.4 billion euro) bid for Australia's Macarthur had formally opened. "Peabody and ArcelorMittal urge all Macarthur shareholders to accept the compelling offer to…

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BHP Billiton to Acquire HWE Mining Subsidiaries

BHP Billiton to Acquire HWE Mining Subsidiaries

News

BHP Billiton has signed a Heads of Agreement with Leighton Holdings to acquire the HWE Mining subsidiaries that provide contract mining services to its Western Australia Iron Ore operations. The Heads of Agreement relates to the mining equipment, people and…

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Foreign Mining Investment in China Tops $175 billion

Foreign Mining Investment in China Tops $175 billion

News

Intierra Resource Intelligence has released updated figures on foreign mining investment levels in China. The Intierra mining database identified that more than 60 companies with primary listings outside of China and Hong Kong have a direct market interest in quoted mineral…

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Gold Price Hits Parity With Platinum For First Time Since 2008

Gold Price Hits Parity With Platinum For First Time Since 2008

News

The price of gold Monday soared to new record highs and reached parity with sister metal platinum for the first time since the end of 2008. Spot gold leveled with the complex's most expensive metal as it rallied to an…

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Essar to Invest $4 bn in Zimbabwe Ventures

Essar to Invest $4 bn in Zimbabwe Ventures

News

Joining the list of Indian business groups making huge investments abroad, Essar Africa Holdings Ltd (EAHL) of the Essar Group on Wednesday said it plans to invest around $4 billion to set up two companies — NewZim Steel Pvt Ltd and…

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