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Media Room

Angola continues diversification into minerals to curb oil deficits, but progress slow

Angola's continued reliance on the oil sector will result in limited development of its mining sector between now and 2021. However, the country is expected to continue diversifying into minerals in the longer term, as a decline in domestic oil production speeds up government plans to invest in mining projects as an alternative source of funding. 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million.

The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of Coal & Allied, announced in January this year.

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