The new offer from Prominvest was highly conditional and indicative with a cash price of A$1.42 per share, Northern Iron said. That was just above a sweetened A$1.40 per share offer from Aditya Birla worth A$518 million.
The world's No. 3 copper mine, Chile's Collahuasi, is gradually resuming mining operations following the accidental death of a worker late Saturday, spokeswoman Bernardita Fernandez told Reuters on Sunday.
Last week, FirstEnergy said PJM told the company to keep three old, coal-fired plants in Ohio capable of generating about 885 MW in service to maintain reliable supplies of electricity. The plants had been earmarked for retirement this year.
Commodities rebounded on Monday after the huge selloff of the previous session, with nickel staging a big rally and bargain hunting lifting oil prices from their lows after investors shrugged off earlier fears about election outcomes in Europe.
The company also said its fuel oil-fired 350-MW No.2 unit at its Date plant would halt power generation from March 24 to 30 due to repair work on the unit's condenser. (Reporting by Osamu Tsukimori; Editing by Mark Potter)
Mines Minister Obert Mpofu told the Sunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in offshore accounts. "We have been liberal. It does not make se...
Operations at two ports used by Rio Tinto -- Dampier and Cape Lambert -- were winding down, while mining and its rail hauling line remained open, said a spokesman for Rio Tinto, the world's second-largest iron ore producer.
Copper hit a two-week trough on Thursday, having lost ground for the last four sessions, after signs of a delay to a bailout for Greece soured sentiment and put the euro on the defensive against the dollar.
Russia's state railway firm Russian Railways plans to build a train line to transport coal in Indonesia's East Kalimantan province on Borneo island, with $1.7 billion of investment for a first phase due to be operating by 2017, Indonesia's government said on Tuesday.