Investors Mining

Latest News for: Investors mining

Bitmain’s $18 Billion IPO in Jeopardy as Q2 Earnings Report Looms

Bitcoinist 18 Sep 2018

In fact, at the rate their financial data is currently leaking, their pool of potential investors is shrinking daily ... Moreover, there are also�unconfirmed reports�from a Twitter account that claims to publish information from a ‘Bitmain insider.’ The rumors suggest that the mining giant is being sued by investors for material omission and misrepresenting financial information....

Edit

AION leads race to acquire InterGlobe Tech for Rs 1,800cr

The Times of India 18 Sep 2018

AION Capital, a joint venture between global buyout investor Apollo and ICICI Venture, has emerged as the front-runner to acquire InterGlobe Technologies, the IT and back-office arm of travel conglomerate InterGlobe Enterprises, people directly aware of the matter said ... Building a portfolio of IT assets could unlock a revenue stream by mining the worldwide portfolio companies of buyout investor Apollo....

Edit

Universal Coal shares jump on takeover proposal

Mining Weekly 18 Sep 2018

Australia-listed coal miner Universal Coal on Tuesday confirmed that it had received a conditional, nonbinding offer from a consortium of investors, led by South African mining finance and private equity firm Ata Resources. Ata is proposing a cash offer of A$0.35 a share for Universal and reportedly has an irrevocable undertaking from a 27.5% shareholder to vote in favour of the scheme ... ....

Edit

Eskom blames Guptas for coal shortage

Independent online (SA) 18 Sep 2018

In 2008, Nersa said 23 days of power cuts cost the economy an estimated R50bn ... “The risk is that we are going to have load shedding and this will disrupt battling sectors like mining and manufacturing. We won't get foreign investment if we can't even guarantee investors they will have reliable power,” Cruickshanks said ... “Now, more than 10 years after the announcement, not a single new Eskom-tied coal mine has been opened,” said Blom....

Edit

Stock rally fails to keep FTSE out of the red

Belfast Telegraph 18 Sep 2018

European shares rallied on Tuesday as trade war fears cooled, but the boost was not enough to keep London’s top-flight out of the red. The FTSE 100 finished the day 1.87 points, or 0.03%, lower at 7,300.23 ... The levy was set at 10%, rising to 25% in January ... Mining stocks moved higher on the back of investor relief, with Glencore up 8.35p to 308.7p, Rio Tinto up 10.5p to 3,615.5p and BHP Billiton up 16.6p to 1,549.6p ... ....

Edit

GUNTER: Canada is quickly losing its economic advantages

Toronto Sun 18 Sep 2018

Justin Trudeau is an economic disaster. But that doesn’t necessarily make him unique. Most of Canada’s provincial premiers are economic disasters, too ... And I haven’t even mentioned the effect of courts that have established impossible standards for consultation with First Nations or the effect Trudeau’s new “Indigenous rights framework” could have on driving away mining, timber and energy investors ... ....

Edit

New Gold Announces Appointment of VP, Investor Relations

Market Watch 17 Sep 2018

Anne is a senior executive with more than 20 years of capital markets experience that includes the development and implementation of best-in-class global investor relations strategies, primarily in the mining sector. From 2015 to 2017, Anne was the Senior Vice President, Investor Relations for Richmont Mines Inc., where she worked with Renaud Adams, the newly appointed President and Chief Executive Officer of New Gold Inc....

Edit

Economic nationalism is back in Indonesia as election approaches

The Jakarta Post 17 Sep 2018

While it may risk a retreat by foreign investors from Southeast Asia’s biggest economy, it’s still likely to be a vote winner, according to analysts ... Resource nationalism “might be deemed unfriendly for investors, but looking at the consistency in the past years, the trend will likely remain in years to come,” said Komaidi Notonegoro, executive director of Jakarta-based ReforMiner Institute....

Edit

Bitmain May be Sued by Investors Over Misrepresentation and Omission of Information

CoinGape 17 Sep 2018

In recent series of tweets posted by, what looks like a “crypto insider” by the name of BTCKING555, all doesn’t seem to be going well between the investors and the Leading Bitcoin Mining Company, Bitmain which has filed for the IPO. Bitmain and investors in a tussle ... Rumors – recent investors threatening to sue Bitmain for misrepresenting financial info & MATERIAL OMISSION....

Edit

‘Responsible Mining Can’t Be Afterthought’

Peace FM Online 17 Sep 2018

The President of the Ghana Chamber of Mines (GCM), Eric Asubonteng, who made the call, said for every mineral-rich country, responsible mining cannot be considered as an afterthought, urging mining companies to never forget that they are accountable not only to their investors, but also to the government, host communities and generations unborn....

Edit

Countdown as Mining Charter heads to the cabinet for debate

Business Day 17 Sep 2018

He replaced discredited Mosebenzi Zwane, who oversaw an initial version of the third charter, which was criticised by mining companies, investors and lawyers....

Edit

Mantashe wants charter finalised

Sowetan Live 17 Sep 2018

The third version of the Mining Charter will be finalised ... He replaced the discredited Mosebenzi Zwane, who oversaw an initial version of the third charter that was roundly criticised by mining companies, investors and lawyers....

Edit

Sprott takes stake in Wallbridge

Mining Weekly 17 Sep 2018

Precious metals investor Eric Sprott has increased its shareholding in TSX-listed Wallbridge Mining through a nonbrokered private placement raising C$3.9-million. "We are pleased to have a gold investor such as Eric Sprott as one of our large shareholders. Eric is very familiar with high-grade gold deposits in the world and Fenelon obviously fit that bill," stated Wallbridge president and CEO Marz Kord ... ....

Edit