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Media Room

Pallinghurst share price leaps on value unlock outline

The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the enlarged but greatly simplified Pallinghurst on the main board of the London Stock Exchange, without any c

Adani vows to pay ‘every cent’ owed to Qld as talks of royalty holiday emerge

Indian major Adani is reportedly in talks with the Queensland government over a “royalty holiday” for its $16.5-billion Carmichael coal project.

Local media reports state that the proposed agreement will see Adani pay just A$2-million a year in royalties once the project starts operating, with the royalty rate increasing after several years.

Elliott Management says Barcelona meeting with BHP CEO was 'constructive'

Activist investor Elliott Management on Thursday said a meeting with BHP Billiton CEO Andrew Mackenzie in Barcelona had been "constructive".

The meeting on Wednesday took place a day after the New York-based fund raised the pressure for strategic changes at the mining giant, including a call for an independent review of its petroleum division.

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