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  • September 18, 2014
  • Last updated: 10:55pm
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Results 1 - 10 of 12 for acquisition

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  1. Business - Commodities - MINING

    Zijin eyes acquisitions amid depressed mining shares

    Posted Mar 29th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland miner reports lower profits as costs rise and falling ore grades erode margins Zijin eyes acquisitions amid depressed mining shares Zijin Mining aims to complete one or two acquisitions this year and warned that the unit production cost at its mainstay gold mine will continue to rise owing to the deteriorating grade of ore. Fujian province-based ...

  2. Business - China Business - MINING

    China Resources ignores calls from activist over mine 'irregularities'

    Posted Jul 05th 2014, 01:51am by Eric Ng

    ... included a coal mine, railway and port project in Inner Mongolia, involving more than 10 billion yuan, he added. Another is the 7.9 billion yuan acquisition of three coal mines in Shanxi ... beaten out by CRP in a coal mine acquisition in 2011. They said Li and Lv wanted the Gujiao deal cancelled, which would hurt the cash-strapped Zhang. Li denied this allegation. ...

  3. Business - Commodities - MINING

    MMG leads group buying Peruvian copper project for US$5.85b

    Posted Apr 14th 2014, 01:33pm by Eric Ng

    ... on US$5.8b deal Shares of state-backed miner MMG jumped after it revealed it was leading a joint venture to buy a copper mining project in Peru for US$5.85 billion, as the acquisition would increase ... International is a unit of state-owned resources project manager Guoxin Group. "The acquisition represents a significant step in achieving the group's objective to be recognised among ...

  4. Business - Commodities - MINING

    China-fuelled mining boom a double edged sword for Queensland

    Posted Jun 09th 2014, 03:29am by Glen Norris

    ... project 2012:Yanzhou Coal acquires Gloucester Coal for A$2.05 billion 2013:U&D Mining buys Endocoal for A$71million 2014:Boa Steel Resources and Australian partner propose acquisition ...

  5. Business - Commodities - MINING

    Industry slump is hurting small players the most

    Posted Oct 16th 2013, 12:00am by BLOOM

    ... Bloomberg in Toronto Exploration and development firms can't find buyers as mining giants cut their spending Industry slump is hurting small players the most Mining acquisitions ... such as Toronto-based Barrick Gold, the world's biggest gold producer, avoid acquisitions and new projects in favour of improving existing operations. "Buyers are being very cautious on where ...

  6. Business - Companies - MINING

    Rio cost cuts bolster payout prospects

    Posted Dec 20th 2013, 02:58am by BLOOM

    ... of acquisitions, might choose to return cash through special dividends or a share buy-back, Credit Suisse analysts wrote on December 3. Planned reductions in net debt to about US$15 billion by the end ...

  7. Business - Commodities - MINING

    Mainland and Hong Kong investors snap up mines despite gloomy outlook

    Posted Dec 12th 2013, 10:39am by Toh Han Shih

    ... including Hong Kong investors Through its acquisitions, Shouguan hoped to raise its gold ore resources to 100 tonnes in five years from its current 40 tonnes, Zhang said. “Gold is an eternal ...

  8. Business - Commodities - MINING

    China Gold ramps up production on the mainland

    Posted Jan 22nd 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Miner on lookout for acquisitions as it targets sevenfold increase in Tibet copper production China Gold ramps up production on the mainland China Gold ... copper mine in Tibet by sevenfold by 2015. The Vancouver, Canada-based firm, listed in Toronto and Hong Kong, has also maintained its overseas asset acquisition efforts, despite not having ...

  9. Business - Commodities - MINING

    China Hanking still seeking iron ore mines to buy on mainland

    Posted Jan 28th 2013, 12:00am by Eric Ng

    ... based in Shenyang, Liaoning, and controlled by mainland businesswoman Yang Min, would exercise caution in executing acquisitions, chief executive Greg Pan Guocheng said. "We have not stopped searching for targets. Last year we talked to some candidates, but since the acquisition market on the mainland is not transparent, many owners have overvalued their mines and we had ...

  10. Business - Companies - MINING

    Glencore shareholders dump chairman Bond

    Posted May 17th 2013, 12:00am by BLOOM

    ... in Switzerland Glencore completed the US$29 billion acquisition of Xstrata this month to create the world's fourth-biggest mining company, with a market value of about US$68 billion. The ousting ...




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