Nickel – Mining Weekly reported that Clive Palmer announced his plans to invest A$1 billion in an upgrade for Queensland Nickel’s Yabulu refinery that would include the construction of new plant facilities, railway, and a tailings treatment facility.
Articles Tagged "clive palmer"
Iron – Bloomberg reported that Metallurgical Corp. of China Ltd (MCC), which is the contractor for the world’s biggest magnetite iron ore mine, Sino Iron, owned by Citic Pacific Ltd. agreed to give $858 million after the construction cost of the said mine increased fourfold.
Iron – Reuters reported CITIC Pacific has filed a court injunction against Clive Palmer over disputed royalties at the $8 billion Sino iron project in Western Australia.
Iron – Reuters reported Clive Palmer has tentatively lined up the Industrial and Commercial Bank of China to finance a $3.9 billion iron ore project in Western Australia.
Iron – SMH reported Australasian Resources (ASX:ARH) has completed a deal to acquire iron ore projects previously owned by Mineraology.
Iron – Reuters reports that Clive Palmer's startup mining company, Resourcehouse, slashed the price for its Hong Kong IPO by up to 30 percent.
Coal Investing News reports coal prices have been rallying since the global recession. Meanwhile, Bloomberg reported that Canada’s biggest base-metals company Teck Resources Limited (TSX:TCK.B) is in talks to sell coking coal assets to Chinese companies to help reduce debt. Donald Lindsay CEO Teck Resources said that “We are going through a process of talks [...]