Media Room

Zeta swoops on Bligh to combat Saracen’s Bundarra buy

The directors of ASX-listed Bligh Resources have urged shareholders not to take any action on a takeover offer from fellow-listed Zeta Resources.

Zeta on Wednesday launched a 3.5c all-cash takeover offer for Bligh, which could derail the A$8.5-million deal that gold miner Saracen Mineral Holdings struck in February to acquire the Bundarra gold project, in Western Australia.

India revives coal export plans to check rising pithead stocks

With rising pithead stocks across the country, India is considering exports to cope with surpluses. “The government is now looking for new consumers for the surplus coal,” Minister for Power, Coal and Mines Piyush Goyal said in an address to members of the media. “We are open to the idea of exporting coal; however to export we have to address the issue of quality . . .