Rare earths miner Lynas is seeking to raise up to $40 million from shareholders as it looks to address its working capital levels.
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Aquila Resources set for takeover
China’s largest steelmaker, Baosteel, has announced a joint conditional off-market takeover of West Australian mining company Aquila Resources.
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More money could flow to Gujarat in multi-million dollar share deal
Gujarat NRE shares have been put on hold as the company tries to raise $58 million in a deal which would see Jindal Steel increase its stake in the company.
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Gujarat workers facing financial hardship told to contact their banks
The Australian Bankers Association has told Gujarat NRE workers who have not been paid to contact their banks sooner rather than later.
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Mining investor sells iron ore stake
Investment firm BlackRock sold down about $60 million worth of iron ore stocks last Thursday, particularly from Fortescue Metals and Atlas Iron.
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Tinkler sells stake in Whitehaven for $300m
Nathan Tinkler has sold around half his stake in Whitehaven Coal for $300 million, a move that has seen him lose his place as the largest shareholder in the company.
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Alarms sounded over high frequency trading
Fears over the affects of high frequency trading on miners have now surfaced in Australia.
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