Mitsubishi Mining News

Glencore fights back, sweetens deal for Rio Tinto’s Australian coal assets

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.

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

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

Yancoal grabs Mitsubishi stakes in Rio Tinto's coal mines in $940m deal

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.

Yancoal seeks expansion in Hunter Valley with $710m bid for Mitsubishi’s mines

Company wants to become Australia’s largest independent coal producer.

Anglo American drops Peru copper project

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

BHP-Mitsubishi axing 700 coal mining jobs

Companies said over-staffing in the current environment was threatening the viability of their Australian operations.

Queensland Premier promises not to hike coal royalties again

Reassures companies at BHP and Mitsubishi's coal mine opening.

Carbine Tungsten signs agreement with Mitsubishi Unimetals

Australian Carbine Tungsten Limited (ASX: CNQ) has signed a bulk product shipment sales contract with Mitsubishi Unimetals Corporation Ltd (MCU).

British government urges Anglo American and Codelco to reach amicable resolution

Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s Sur unit, said British ambassador to Chile, Jon Benjamin.

Chilean Justice gives Mitsubishi three days to answer Codelco’s demands

A Chilean civil court told Japanese Mitsubishi today that it has three working days to respond to the lawsuit filed by Codelco in the context of the conflict with Anglo American. Codelco's legal action seeks to annul the $5.39 billion deal between Anglo and Mitsubishi, after the Japanese company sold its 24.5 percent stake in Anglo American Plc’s Sur unit.