Yanzhou Coal surge bolstered by Yancoal Australia’s record profit
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- Published: Wednesday, 09 May 2018 06:31
- Written by ASIA Miner News
Yanzhou Coal Mining Co. has reported gains after its 2017 net income rose more than fourfold.
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Asiamet Resources completes CoW amendment negotiations
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- Published: Wednesday, 09 May 2018 06:00
- Written by ASIA Miner News
Asiamet Resources Limited (Asiamet), through its Indonesian operating subsidiary PT Kalimantan Surya Kencana (KSK), has reported that ahead of moving into the project financing and development phase for its BKM copper project in Central Kalimantan, it has successfully concluded long running negotiations with the Government of Indonesia to amend its existing KSK Contract of Work (CoW) to secure long-term mining tenure.
Gulf secures A$15 million to advance Kupang Smelting Hub Facility
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- Published: Wednesday, 09 May 2018 05:50
- Written by ASIA Miner News
Gulf Manganese Corporation has secured approximately A$15 million equivalent funding led by Indonesian-based diversified investment group PT Jayatama Tekno Sejahtera (PT JTS).
PT Adaro and EMR acquire Kestrel for $2.25 billion
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- Published: Wednesday, 09 May 2018 05:48
- Written by ASIA Miner News
As part of its coal exit, Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy Tbk (Adaro), an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion.