Hints and tips:
...It was there where opposite a nursery and a shop selling bathroom tiles he found the registered offices of one company named “Arsenal Minerals” and another directed by a Russian who built his fortune in...
...Two funds managed by New York-based Argentem Creek Partners are seeking damages from Widjaja-controlled mining group Berau Coal following the defaults of two bonds worth about $1bn....
...Mineral rights are a potential headache because the minerals are usually the dominant estate in most US western states, which means that the owner of the minerals below the surface has the right to extract...
...Widjaja family, which controls coal, pulp and palm oil assets....
...Rio sold its last remaining coal asset in March and now stands apart from its peers as the only major miner not producing the fossil fuel....
...Indonesia’s spice trade began to fade some 300 years ago, but the country has more recently looked to other resources, from raw minerals to coal and palm oil, to drive growth....
...While most oil and agricultural products are actively traded, producers continue to sell most of their coal, LNG, metals and minerals through long-term contracts....
...In a statement Mr Tinkler said the decision to sell had been “difficult” because of his “emotional attachment” to Whitehaven’s assets, particularly Maules Creek, the coal project in New South Wales he acquired...
...One example is the Zambezi Valley Development Corridor, a coal project between Malawi, Mozambique and Zambia. The downside of such corridor projects is that they are a harder sell to investors....
...All of them have talked about diversifying away from their core energy and minerals units. But if they do not also talk up earnings expectations, it is hard to see prices moving higher....
...The trading houses have accelerated investments in energy, metals and minerals businesses, buoyed by a strong yen and seemingly robust demand in emerging economies....
...He is also investing in energy exploration in central Europe, Brunei and Latin America and hunting for iron and coal in the Republic of Congo....
...Whitehaven’s assets in New South Wales include Maules Creek, a large undeveloped coal deposit the company claims is capable of producing almost 11m tonnes of coal a year by 2016....
...EE’s first mover status will matter little to late adopters like Lombard, whose steam-powered mobile requires regular stoking with tiny lumps of coal....
...Turnround hopes lifted UK Coal 19.7 per cent in the wake of better than feared results....
...Keith Cochrane, Weir’s chief executive, said on Friday: “The potential acquisition would extend Weir’s offering in minerals processing and expand our exposure to the attractive and fast growing coal sector...
...The aggressive moves come as the groups seek to meet the demands of India’s fast-growing economy amid a global scramble to tie up mineral resources....
...His first was Vallar whose shares were listed at £10 per share last year, but since acquiring Bumi plc, a group of Indonesian coal assets, have traded at more than £13 a share....
...Elsewhere, China’s Minmetals Resources launched a C$6.3bn hostile bid for Equinox Minerals , sending US shares in the Toronto-based miner up 30.1 per cent to $7.76....
...ENRC, up 1.9 per cent to 973½p, Kenmare Resources, ahead 7.7 per cent to 49p, and First Quantum Minerals, up 1 per cent to £87.50, were listed among the most likely targets for Chinese buyers....
...Other brokerages, including Freight Investors Services and London Dry Bulk have also expanded their business from coal and freight into iron ore swaps....
...She transitioned to the private sector in May 1999, where she runs an international business consulting firm, The Ballard Group llc....
...Vane Minerals, another gold explorer listed on Aim, performed a similar shift in March when it bought a handful of uranium projects in Arizona....
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