The board of ASX-listed oil and gas company AWE on Wednesday said that it continued to recommend that shareholders accept the offer from multinational industrial conglomerate Mitsui, which would declare its bid unconditional if its interest exceeds 50.1% by March 14.
Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday was postponed by a day, a government minister said. No reason was given for the decision to delay the meeting.
President Donald Trump’s proposed steel tariffs may have a downside for US coal miners.
China will cut steel capacity by 30-million tonnes and coal output by 150-million tonnes this year, its top economic planner said on Monday, putting the world's top metal and energy market on track to beat long-term targets.
Given the solid financial performance in the six months to December 31, ASX-listed Universal Coal has taken the decision to reward shareholders, declaring an interim dividend of A$0.01 a share unfranked.
ASX-listed Mastermyne Group has been selected as a contract partner for an early contractor involvement (ECI) process for ASX-listed Stanmore Coal's proposed Isaac Plains underground mine.
Dual-listed Perseus Mining on Friday said it was still examining the merits of listing on the LSE, on top of its ASX and the TSX listings. In view of that, the miner has decided to extend the settlement arrangement for investors from its scheme of arrangement with Amara Mining to hold depositary interests until April 18, 2019.
Coal India Limited's shipments rose 4.8% from a year ago and output increased for a seventh straight month as power plants bought up fuel to replenish stockpiles and meet increasing demand for electricity. Sales totaled 49.97-million metric tons in February, according to a stock exchange filing Thursday. Production rose 0.3% from a year ago to 54.46-million tons.
The Australian Securities and Investments Commission (ASIC) on Friday launched legal proceedings in the Federal Court in Sydney against Rio Tinto, its former CEO Tom Albanese and its former CFO Guy Elliott.
Diversified miner Exxaro Resources expects to report a 30% to 40% increase in core headline earnings per share (HEPS) for the year ended December 31. The core HEPS excludes one-off Items, including costs relating to the implementation of its replacement black economic empowerment transaction, as well as gains on the partial disposal of its shareholding in chemical company Tronox.