INVESTMENT - Chinese funds for Brockman

Brockman Mining and China Guoyin have entered into a share subscription agreement whereby China Guoyin will subscribe for 195 million shares at an aggregate subscription price of Aus$11.3 million. Brockman has also entered a separate agreement with Ocean Line for 292.5 million shares at an aggregate subscription price of about Aus$16.76 million. Proceeds from both will be used for the development of Brockman’s iron ore mining projects in Western Australia.

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EVENTS - Australian participation at Mining Vietnam

“Whilst Vietnam’s mining industry has been affected by global events, mining pioneers are still seeing opportunities in Vietnam as evolving legislation has made the operating environment a little more promising in the past few months. Advantages will come to first movers into this market,” according to Allworld Exhibitions Vietnam representative BT Tee.

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SUPPLIERS - SNL acquires IntierraRMG

A year after entering the metals & mining sector with the purchase of Metals Economics Group, SNL has announced the acquisition of IntierraRMG, another leading company in the space with a similar focus on delivering superior information and actionable intelligence to key industry participants. The new combination – SNL Metals & Mining – reaffirms SNL’s commitment to providing the global mining industry with a ‘one-stop’ source for accurate and complete data to support better decision-making.

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PRODUCTS - New ASD TerraSpec Halo mineral identifier

PANalytical Boulder (formerly ASD Inc), developer of high-performance near-infrared (NIR) analytical instrumentation and material analysis solutions, has introduced the ASD TerraSpec Halo mineral identifier, a handheld, full-range NIR spectrometer.

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