M & A - MMK terminates agreement with Flinders

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Published: Monday, 16 July 2012 08:30
Written by ASIA Miner News

A $554 million scheme implementation agreement between Russian open joint stock company Magnitogorsk Iron and Steel (MMK) and Pilbara iron ore developer Flinders Mines has been terminated. The two companies entered into the agreement in November last year but MMK passed the June 30 deadline without meeting all its obligations and has now announced that it won’t continue with the acquisition.

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M & A - St Barbara to acquire Allied Gold

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Published: Monday, 09 July 2012 09:29
Written by ASIA Miner News

St Barbara and Allied Gold Mining have reached an agreement which will see Allied acquired by St Barbara, which is one of Australia’s larger mid-tier gold producers.

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MALAYSIA - Monument and PLSB to work together on Mengapur

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Published: Monday, 02 July 2012 04:31
Written by ASIA Miner News

Monument Mining and Phoenix Lake Sdn Bhd (PLSB) have agreed to work together on magnetite iron ore operations within the Mengapur project in Malaysia’s central Pahang State. Canadian gold producer Monument holds a 70% interest in the project which does not include the free digging oxide magnetite iron ore material covering the skarn.

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