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  • November 27, 2014
  • Last updated: 5:31am
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Results 1 - 8 of 8 for debt

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  1. Business - Commodities - RESOURCES

    MMG sets 10pc floor for return on acquisitions

    Posted Mar 17th 2014, 09:34am by Eric Ng

    ... MMG's cost of capital- the weighted average cost of debt and equity- but said its cost of debt was low, at 3.1 per cent, thanks to its parent's "putting its balance sheet behind us". This debt guarantee from the parent means MMG can tolerate a net debt-to-equity ratio of up to 70 per cent, compared with 45 per cent at the end of last year, he said. Michelmore would ...

  2. Business - Commodities - RESOURCES

    Mongolia to Rio Tinto: fund Oyu Tolgoi mine expansion with cash flow

    Posted Aug 13th 2013, 12:00am by BLOOM

    ... overruns at the copper and gold mine, 34 per cent owned by Mongolia, are increasing the debt the government owes to Rio's Turquoise Hill Resources unit, which operates the project, ...

  3. Business - Commodities - RESOURCES

    Yanzhou halves spending amid coal downturn

    Posted Aug 21st 2013, 12:00am by Eric Ng

    ... Yanzhou's net debt-to-equity ratio surged to 92 per cent at the end of June from 62 per cent at the end of December, due to a loss in the first half. On Monday, Yanzhou reported a first-half net ...

  4. Business - Commodities - RESOURCES

    Sirius targets US$500m for UK potash project

    Posted Apr 08th 2013, 12:00am by Bloomberg

    ... Bloomberg Sirius targets US$500m for UK potash project Sirius Minerals, which is developing a potash mine in Britain, is in talks with Chinese, North American and European investors to raise as much as US$500 million of funding for the project. Sirius will raise US$300 million to US$500 million through selling equity and may also issue high-yield debt, chief executive Chris ...

  5. Business - Commodities - RESOURCES

    Oil producer Sunshine Oilsands seeks C$300m to fund projects

    Posted Nov 01st 2012, 12:00am by Eric Ng

    ... McMurray in northern Alberta province in western Canada. "We expect to raise the additional term debt as early as the first quarter of next year, which should be sufficient to fund completion ... barrels by 2017. Under this expansion time frame, the Calgary-based firm aims to maintain a net debt-asset ratio of 25 to 30 per cent and source one-third of its funding needs from each ...

  6. Business - Companies - RESOURCES

    Running out of cash, Australian miners get creative to survive

    Posted May 31st 2013, 02:09pm by Reuters

    ... and debt markets have essentially closed and we are advising clients to explore every other means possible for capital until this market turns,” said Darren Weaver, a partner with Australia’s ... need. If they like the project: done,” said Celsius Managing Director Alex Molyeneux. Not everyone is so lucky. After a heavily discounted A$65 million rights issue in February to address debt ...

  7. Business - Companies - RESOURCES

    Mineralogy chief attacks Citic Pacific auditor swap

    Posted Apr 08th 2013, 12:00am by Eric Ng

    ... on Citic Pacific in two weeks. "Why sack the auditor," Palmer asked in a statement yesterday. "Is it because the auditors required them to list their debt to us as a current ...

  8. Business - Commodities - RESOURCES

    Ontario woos China mineral mining investors despite government caution

    Posted Oct 22nd 2012, 12:00am by Eric Ng

    ... deal. The largest deal in the interim was a C$1.5 billion, 17 per cent stake acquisition in 2009 by sovereign wealth fund manager China Investment Corp of debt-laden Vancouver-based ...



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