Finance & business

Uralkali has announced the following decisions taken by its Board of Directors at a meeting on 19 July 2016.

Funding for Resgen’s Boikarabelo coal mine has been agreed subject to approval with a syndicate of lenders.

Rio Tinto has completed the sale of its Mount Pleasant coal assets in the Hunter Valley of New South Wales.

Paringa Resources has completed its placement of AUS$6.5 million worth of new shares, raising cash to develop its Buck Creek No.2 mine.

Acacia Coal continues to focus on cash preservation as it explores potential investment opportunities.

Paringa Resources, the ASX-listed developer of the Buck Creek mining complex in the US, has raised AUS$6.5 million in a share placement.

ASX-listed Tigers Realm Coal has raised AUS$15.4 million from existing shareholders in an entitlement offer of TIG shares.

British Colombia anthracite developers, Atrum Coal and BC Anthracite, have settled court proceedings.

Ncondezi Energy and Shanghai Electric Power have signed a shareholders agreement term sheet on a recent visit to Maputo.

Paringa Resources has finalised the CAPEX estimate for the construction and development of its Buck Creek No.2 mine, reducing the estimate by US$5 million.

Japan Oil, Gas and Metals National Corp. (JOGMEC) has formed a joint venture with Mitsui Matsushima to help fund development of the Eastern Coal project in Queensland.

The Triumph Creek coal project development agreements between Acacia Coal and Springsure Creak Coal have been terminated.

Cokal has entered into discussions with Blackspace over potential funding of the Bumi Barito Mineral Coal Project in Central Kalimantan.

ASX-listed Acacia Coal has cuts its exploration and evaluation work substantially as it seeks to conserve cash.

ASX-listed developer of the Crown Mountain metallurgical project in British Columbia, Jameson Resources, continued to focus exclusively on environmental assessment process in effort to cut costs.