Monday, November 20, 2017

The A$40.7m convertible note finance deal introduces a new major shareholder into Firestone Energy, and finances its Waterberg Coal Project to completion of a bankable feasibility study.

Rio Tinto has raised its offer for Mozambique-focused coal miner Riversdale Mining to woo key shareholders who have held up the deal.

Uranium One’s quarterly earnings have fallen 2% as it sold less uranium at lower prices.

Kalahari Minerals has confirmed that offer talks have resumed with state-owned China Guangdong Nuclear Power Corp.

Rio Tinto and Mitsubishi Corp have made an offer to buy out Coal & Allied for $1.56bn, looking to take full control of the Australian coal miner.

Coal of Africa hopes to secure Exxaro Resources’ buy-in in the development of the Makhado project - over which the diversified miner holds a 30% option - within months.

The Limpopo government has acknowledged its proposed partnership with Coal India, saying the JV will shop for greenfield assets and early stage projects.

Keaton Energy says it is on the lookout for new assets, seeking acquisitions to complement the company’s recent takeover of Leeuw Mining and Exploration.

A new early stage player in the Waterberg coalfields is pursuing a JSE listing, giving investors another option among a growing number of coal juniors looking to make their mark in the area.

ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.