The Swiss commodities giant wants to target other opportunities, and is ready to start the sales process for its Rolleston mine in Queensland.
Hedge fund Senrigan Capital Management is questioning the $2.5-billion equity raising, saying it is unfair to minority shareholders.
Yancoal plans to raise $2.5 billion in equity to fund the purchase of Rio Tinto’s coal assets in Australia.
The “Argyle Everglow” is the largest red diamond in the history of the company’s Argyle tender, and could sell for millions.
Rio Tinto has spent $90 million so far on the development of the Jadar lithium project in Serbia.
ASX-listed junior miner TerraCom has reopened the coal mine it purchased from Rio Tinto last year.
Almost four months after soundly rejecting WashCorps’ initial offer, Dominion said the US-based company will acquire all of its outstanding common shares.
By Melissa Shaw
Some companies are taking advantage of the depressed iron ore price environment by snapping up distressed assets.