Jameson Resources advances in steelmaking coal project with A$2m placement

Jameson Resources advances in steelmaking coal project with A$2m placement

Jameson Resources Limited, a notable player in the mining sector, has recently announced a successful capital raise of approximately A$2 million. This substantial financial boost was achieved through a share placement, specifically targeting sophisticated, professional, and institutional investors. The placement involves the issuance of about 44.2 million new fully paid ordinary shares, each priced at […]

Glencore to acquire 77% stake in Teck’s steelmaking coal business for $6.9bn

Glencore to acquire 77% stake in Teck’s steelmaking coal business for $6.9bn

Glencore plc has announced its binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in Teck’s steelmaking coal business, Elk Valley Resources (EVR), for a substantial sum of US$6.93 billion in cash. This transaction is set to bolster Glencore’s position in the coal industry, marking a pivotal moment in their […]