Coal

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Cockatoo Coal Ltd announces compulsory acquisition of Blackwood Corp Ltd shares

Thursday, 13 Feb 2014 08:00pm EST

Cockatoo Coal Ltd:has acquired a relevant interest in 90.03 per cent of all the shares in Blackwood Corporation Limited (Blackwood) as at the date of this announcement.Accordingly, Cockatoo is now exercising its right to compulsorily acquire the remaining shares in Blackwood.

Cockatoo Coal Ltd announces compulsory acquisition of Blackwood shares

Thursday, 13 Feb 2014 08:00pm EST

Cockatoo Coal Ltd:has acquired a relevant interest in 90.03 per cent of all the shares in Blackwood Corporation Limited (Blackwood) as at the date of this announcement.Accordingly, Cockatoo is now exercising its right to compulsorily acquire the remaining shares in Blackwood.

Hms Bergbau AG acquires 100 percent of Slaski Wegiel Zory - Suszec Sp. Z.o.o.

Wednesday, 12 Feb 2014 09:35am EST

Hms Bergbau AG:Announces its 100 percent acquisition of Polish Slaski Wegiel Zory - Suszec Sp. Z.o.o.Says acquired company currently holds exploration licenses for the Orzesze and Studzionka-Mizerow regions with over 1 billion tons of geological coal resources.Until the mining licence is acquired in approximately 12 to 18 months' time, HMS Bergbau AG will invest approximately 1 million euros, which includes costs related to the acquisition of the company.

Xanadu Mines Ltd announces acquisition of interest in Oyut Ulaan LLC

Sunday, 2 Feb 2014 08:00pm EST

Xanadu Mines Ltd:Says that its joint venture company, Mongol Metals LLC, has entered definitive agreements with a subsidiary of Turquoise Hill Resources Ltd (THR).Says the agreements is to acquire a 90 pct interest in Oyut Ulaan LLC which in turn owns 100 pct of the Kharmagtai porphyry copper-gold exploration project located in the South Gobi region of Mongolia.Says Mongol Metals will pay initial consideration of $4.0 million with deferred consideration of $10.0 million to be paid over 18 months (total consideration of $14.0 million).Says Ganbayar Lkhagvasuren, Xanadu’s Executive Director and joint venture partner, has committed $4.0 million to Mongol Metals prior to completion.

Cockatoo Coal Ltd (Cockatoo) extends takeover bid to acquire Blackwood Corporation Ltd

Wednesday, 29 Jan 2014 08:30pm EST

Cockatoo Coal Ltd:Says extends its offer to acquire all of the ordinary shares in Blackwood to close on Jan.Say it has now further extended its offer period so that it will now close on Feb. 28.Says offer has been declared free from all defeating conditions.Terms were not disclosed.

Discovery Africa Ltd proposes acquisition of new graphite projects

Wednesday, 29 Jan 2014 07:00pm EST

Discovery Africa Ltd:Says it has executed a Memorandum of Agreement (MOA) for the proposed acquisition of up to 80 pct of the issued capital in Hatua Resources (T) Limited.Says Hatua Resources (T) Limited is a Tanzanian incorporated Company that holds the rights to four exploration licences located in Tanzania, which are prospective for Graphite.The company will pay an initial amount of $50,000 cash to acquire three months to carry out due diligence on the licences and Hatua.If the company resolves to continue with the proposed acquisition following the due diligence period, a further cash payment of $50,000 will be paid along with the issue of $300,000 worth of DAF shares.Following the spend of $500,000 on exploration licences, DAF will earn a right to a 50 pct interest in the issued capital of Hatua.Following the spend of a further $1,000,000 on exploration licences, DAF will earn a further right of 30 pct interest in the issued capital of Hatua.

Sino Resources Group Ltd updates on possible acquisition

Friday, 24 Jan 2014 05:24am EST

Sino Resources Group Ltd:Refers to the announcement made on June. 27, 2013, relating to the possible acquisition.Says the PRC legal adviser has completed a preliminary assessment concerning the possible acquisition in respect of PRC laws and regulations.Says it has discussed with the Vendors with regard to the results of the preliminary assessment and is pending response from the Vendors.Says as at the date of this announcement, the company and the Vendors are having on-going and preliminary negotiation on the possible acquisition and no formal or legally binding agreement has been entered into among the parties.

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