CoAL Raises $106m for Vele Mine, Chapudi Acquisition
Mining Weekly reported that Coal of Africa Limited (ASX:CZA) completed fundraising to launch the Velen mine and acquire a coal property from Rio Tinto (NYSE:RIO).
Mining Weekly reported that Coal of Africa Limited (ASX:CZA) completed fundraising to launch the Velen mine and acquire a coal property from Rio Tinto (NYSE:RIO).
Platts reported that Rio Tinto's (NYSE:RIO) hard coking coal production is up substantially on the year.
In the wake of the turbulence surrounding Ivanhoe Mines Ltd share in Mongolia’s Oyu Tolgoi copper and gold mine, uncertainty remains as Mongolia aims to bring its massive untapped coal to the world.
New destinations for coal exploration are emerging in order to meet the rising demand for coal.
Mineweb reported on the buzz over a major coal discovery in Mozambique.
Reuters Africa reported that Rio Tinto (NYSE:RIO) extended by three days its bid to acquire Riversdale (PINK:RFLMF).
The Australian reported that BHP's and Rio Tinto's contracts with China and Japan for iron ore and coking coal are about to be renegotiated.
Bloomberg reported that Rio Tinto will be supplying coking coal to Chinese steelmaker Baoshan Iron & Steel Co.
Bloomberg.com reports that International Coal Ventures may be considering a bid for Riversdale Mining (ASX:RIV)- in competition with a recently placed bid from Rio Tinto. (NYSE:RIO)
The Financial Post.com reports that Rio Tinto (NYSE:RIO) has offered to buy coal miner Riversdale (PINK:RFLMF) for $3.9 B.
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