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Australia News Digest
Monday 26 June 2017
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Timeline-wise, the world's largest miner expects to achieve that goal in about 50 years.

Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.

New Citigroup report predicts low $40s by end of the year, early 2018.

The acquisition would make of Yancoal Australia’s largest pure-play coal producer.

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.

The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.

The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.

Chinese-owned Yancoal has signalled it may raise its bid for Rio Tinto's Hunter Valley coal assets, after striking the agreement with Mitsubishi to buy its stakes in the same mines.

Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.

Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.

Australia's Atlas Iron, which narrowly escaped collapse when iron or prices crashed in 2015, has deferred construction of a new mine, citing weak prices for the steelmaking commodity.

It’s a buyer’s market—if you know what you’re looking for.

Before construction begins, activist groups are making sure to continue to speak up against the $16bn Carmichael coal mine

1 Year Iron Ore Fines Price
6 Months Thermal Coal CAPP Price
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