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Mastermyne Group updates FY2018 revenue guidance to $165-$185 million

Monday, 11 Sep 2017 08:09pm EDT

Sept 12 (Reuters) - Mastermyne Group Ltd :Updated guidance on FY2018 revenue of $165-$185 mln from $160-$180 million.Sees FY2018 EBITDA to be around $10 mln to $12 mln.

Justkapital to acquire majority interest in National Health Finance LLC

Monday, 11 Sep 2017 07:38pm EDT

Sept 12 (Reuters) - Justkapital Ltd :Justkapital to acquire majority interest in NHF.Signed a conditional securities purchase agreement to acquire 70% of National Health Finance LLC.Acquisition will be funded through a combination of a new debt facility and an equity capital raising.Purchase price, payable on completion of transaction, is US$68mln.Founders of NHF, Dave Wattel and Dr Mark Siegel, will retain a combined interest of 30% in NHF and continue to manage business.Acquisition expected to be immediately & significantly earnings accretive for Justkapital shareholders.It is expected equity capital raise will be at a substantial premium to justkapital's current share price.Not yet got ASX'S determination on application of chapter 11 of asx listing rules to co's proposed buy of national health finance business.

Yang Quan Coal Industry Group says acquisition of coal capacity replacement quotas for 165.5 mln yuan

Monday, 11 Sep 2017 08:18am EDT

Sept 11(Reuters) - Yang Quan Coal Industry Group Co Ltd <600348.SS>:Says acquisition of 1.4 million tons coal capacity replacement quotas, at the price of 118.1 yuan per ton before tax (165.5 million yuan in total).

Mine Restoration Investments says Richard Tait will no longer be CEO

Friday, 8 Sep 2017 08:42am EDT

Sept 8 (Reuters) - Mine Restoration Investments Ltd :RICHARD TAIT WILL NO LONGER HOLD APPOINTMENT OF CHIEF EXECUTIVE OFFER AND HAS BEEN APPOINTED AS NON-EXECUTIVE CHAIRMAN.‍MICHAEL MILLER HAS BEEN APPOINTED AS NEW CHIEF EXECUTIVE OFFICER.QUINTON GEORGE WILL REMAIN ON BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR BUT WILL RELINQUISH POSITION OF CHAIRMAN​.

Glencore divests ‍stake in Rosneft held with QIA to CEFC China Energy

Friday, 8 Sep 2017 08:01am EDT

Sept 8 (Reuters) - Glencore Plc :‍STAKE IN ROSNEFT HELD BY GLENCORE-QIA CONSORTIUM​.‍CONSORTIUM CONTROLLED BY GLENCORE AND QATAR INVESTMENT AUTHORITY HAS CONCLUDED AN AGREEMENT WITH CEFC CHINA ENERGY COMPANY LIMITED​.‍AGREEMENT REGARDING A TRANSACTION IN TERMS OF WHICH CONSORTIUM WOULD DISPOSE OF A 14.16% STAKE IN ROSNEFT OIL COMPANY (ROSNEFT) TO CEFC​.‍SALE AT A PREMIUM OF APPROXIMATELY 16% TO 30 DAY VOLUME WEIGHTED AVERAGE PRICE OF ROSNEFT SHARES ON 8 SEPTEMBER 2017​.‍TRANSACTION IS CONDITIONAL ON CONSORTIUM ELECTING TO PROCEED FOLLOWING COMPLETION OF FINAL NEGOTIATIONS AND ON ALL REGULATORY APPROVALS​.

Abterra says Lau Yu resigns as CEO

Thursday, 7 Sep 2017 09:25am EDT

Sept 7 (Reuters) - Abterra Ltd :Lau Yu resigns as chief executive officer of company.

Peabody Energy says on track to reach 2017 volume, cost targets - SEC filing

Thursday, 7 Sep 2017 06:54am EDT

Sept 7 (Reuters) - Peabody Energy Corp :Peabody Energy Corp says on track to reach 2017 volume and cost targets - SEC filing.

Yanzhou Coal Mining updates on arbitration involving unit of Co

Thursday, 7 Sep 2017 06:28am EDT

Sept 7 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>::Updates on arbitration involving a wholly-owned subsidiary of Yanzhou Coal Mining Company Limited.‍Has decided to restart arbitration proceedings​.Updates on lawsuit brought by Luxing Property against thirteen defendants including co.Due to shortage of raw materials supply, Tianhao Chemicals has been forced to cease its production.Co has fully provided fixed assets depreciation reserves of RMB380 million with regard to Tianhao Chemicals.Unable to assess impact of arbitration on current profit and future profit of company.Luxing Property claimed for principal amount of accounts receivable of rmb70 million.Lawsuit is currently in process of first instance proceedings, and has not yet been heard by court.Co currently unable to assess impact of Luxing Property lawsuit on current & future profit of co.

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