Australia imposes 30% mining tax
The Australian Parliament has passed a bill for a 30% mining tax on iron ore and coal mine profits in the country, leaving some miners and state governments threatening to fight back.
Coal
Junior miners and explorers cashing up
Junior explorers launched substantial financings when the networking-heavy Prospectors & Developers Association of Canada convention wrapped up in Toronto.
Xstrata expands Canadian coal footprint
Swiss-based mining giant Xstrata (XTA-L) has struck a deal to buy the Sukunka coking coal deposit in northern B.C.’s Peace River region from Calgary-based Talisman Energy (TLM-T, TLM-N) for a cool US$500 million in cash.
Xstrata expands Canadian-coal footprint with Peace River acquisition, agrees to joint venture with JX Nippon
Vancouver — Switzerland-based mining giant Xstrata PLC (XTA-L) has agreed to buy the Sukunka coking coal deposit in the Peace River region of northern British Columbia from Calgary-based Talisman Energy (TLM-T, TLM-N), in a cash-only deal…
Prophecy Platinum and Ursa Major to merge
Vancouver — Looking to add near-term production potential, Prophecy Platinum (NKL-V) has entered a binding letter of agreement to merge with Ursa Major Minerals (UMJ-T) in an all-share deal.
NovaDx looks to specialty coal
NovaDx Ventures (NDX-V), once a pharmaceutical shell turned merchant bank, has found itself on more solid footing as a specialty coal company.
Grande Cache rises as deal nears completion
Investment Canada shunned critics and gave a nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
NovaDx looks to specialty coal
Vancouver – NovaDx Ventures (NDX-V), once a pharmaceutical shell turned merchant bank, has now found itself on more solid footing as a specialty coal company.
Grande Cache rises as deal closer to completion
Investment Canada doesn’t believe the haters, as the Feds have given the nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Glencore, Xstrata in merger talks
Commodities trader Glencore (glen-l) is looking to combine with Xstrata (xta-l) in a possible all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome, and become a…
Prophecy Coal sets out financials for Mongolian power project
Prophecy Coal (PCY-T) has outlined the feasibility of its plan to unlock value from its Chandgana coal deposit in northern Mongolia by building a 600-megawatt thermal power plant.
Allegations against Winsway hurt Grande Cache Coal
Allegations of possible securities fraud against Winsway Coking Coal by an unknown research firm called Jonestown Research may spell trouble for Grande Cache Coal (GCE-T).