Company Announcement: Engagement of Fox Davies Capital to Undertake Capital Raising

Global Strategic Metals NL is pleased to announce that it has engaged Fox Davies Capital Limited as financial adviser and lead bookrunner in respect of a proposed capital raising by the Company

Vale's former iron man sets sights on Africa

At the helm of Brazil's Vale for a decade, Roger Agnelli turned the conservative iron ore producer into a global heavyweight. Now, he is back in the game. The 53-year-old, ousted from Vale two years ago, is betting on the world's hunger for...

North America becoming big coal exporter as domestic consumption declines

The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia.

North America becoming big coal exporter as domestic consumption declines

The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia. The domestic US coal market has...

Aquila's Belvedere stake gets A$150m price tag

ASX-listed Aquila Resources’ stake in the Belvedere hard coking coal project, in Queensland, has been given a price tag of A$150-million by an investment bank acting as determining valuer. Aquila has been at loggerheads with its joint venture...

Rio Tinto ‘more cautious’ on short-term outlook

Mining giant Rio Tinto CEO Tom Albanese on Tuesday took a more cautious stance on the prospects for the next few quarters, citing volatile macroeconomic conditions. While economic growth in China remained robust, the Rio Tinto CEO pointed out...

Speewah halts work on titanium/vanadium project

ASX-listed Speewah Metals has suspended additional leach pilot study and prefeasibility work on its namesake titanium/vanadium project, owing to limited funding and the unfavourable outlook for financing. The miner said on Thursday that the next...

Brazil’s Vale adjusting coal portfolio to better fit its core business

The recent announcement by Brazilian diversified mining group Vale that it was selling coal assets in Colombia does not mean that the company, the world’s second largest miner in terms of market capitalisation, is withdrawing from the coal...

New fronts open in aluminium storage battle

New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminium, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle...

Wall St commodity talent wars: Return of the merchants

When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage...

Ivanhoe intensifies search for Cloncurry partner

ASX-listed Ivanhoe Australia has begun seriously pursuing strategic investment partners for is Cloncurry project portfolio, and has appointed UBS Investment Bank to assist with the search. The company has previously reported that it was actively...

Conference opportunity to increase funding into African resources projects

The investment banking business of the Nedbank Group, Nedbank Capital, says this year’s Investing in African Mining Indaba comes at a time when Africa is enjoying huge opportunities in the resources sector.