Media Room

Flinders shareholders get a say

The share price of Flinders Mine increased by more than 33% on Thursday after the company said that it would seek shareholder approval to de-list from the ASX, to avoid orders from the Takeovers Panel.

A number of Flinders shareholders turned to the Takeovers Panel, after Flinders applied to de-list from the ASX following a strategic review to maximise shareholder value.

Indian Power Ministry directs priority coal supplies to pithead plants ahead of summer

The Indian Power Ministry has issued directives to its counterparts in the Coal Ministry and Indian Railways (IR) to give the highest priority to dry fuel supplies to pithead thermal power plants, in light of a trend of lower coal dispatching from Coal India Limited (CIL) and an expected summer spike in electricity demand.