ACHEMA MIDDLE EAST

Market Reports

Glencore to sell Australian coal haulage business to GWA for $866m

Glencore is to sell its Glencore Rail (GRail) coal haulage business in the New South Wales Hunter Valley to Genesee & Wyoming Australia (GWA) for A$1.14bn ($866m).                                                                                        The company’s latest move forms another part of its debt reduction...

Rio Tinto releases third quarter production results

Rio Tinto chief executive J-S Jacques said “We have delivered strong quarterly production, underpinned by improving operational performance across our Tier 1 portfolio.                                                            Output from our iron ore and bauxite assets reflects the drive for productivity and operational excellence.With...

Fortescue acquires 75% of Nullagine Joint Venture Interest Fortescue

Metals Group wishes to advise that it has agreed to acquire BC Iron’s 75 per cent interest in the Nullagine Joint Venture for A$1.00. Fortescue will assess the viability of restarting operations having regard to ongoing market conditions.The acquisition...

Anglo American receives cash proceeds of $1.7 billion for the completed sale of Niobium and Phosphates Businesses

Anglo American plc announces the completion of the sale of its Niobium and Phosphates businesses in Brazil to China Molybdenum Co. Ltd, following the agreement announced on 28 April 2016. The economic benefits of the businesses will transfer to...

Rio Tinto completes sale of Zululand Anthracite Colliery

Rio Tinto has completed the sale of its 74 per cent of Zululand Anthracite Colliery (ZAC) to Menar Holding, for an undisclosed sum.ZAC, an underground mine in Zululand, South Africa, produces premium quality anthracite for international and domestic customers...

Goldcorp Inc Declares Second Quarter Dividend Payment for 2016

GOLDCORP INC is pleased to declare its quarterly dividend for the three month period ended June 30, 2016 of $0.02 per share. Shareholders of record as of the close of business on Thursday, June 16, 2016 will be entitled...

First Quantum Minerals Ltd. has announce the sale of its Kevitsa nickel-copper-platinum mine to Boliden AB

First Quantum Minerals Ltd. announced the completion of the sale of the Kevitsa nickel-copper-platinum group elements mine to Boliden AB.                                      ...

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