Coal

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Bathurst Resources Ltd announces completion of New Brighton Collieries Ltd acquisition

Monday, 9 Mar 2015 03:31pm EDT

Bathurst Resources Ltd:Says that it has completed acquisition of shares in New Brighton Collieries Ltd (NBCL) which is holder of Coal Exploration Permit 40625 (New Brighton), under amended payment terms.On March 13, 2013, Bathurst announced amendment to payment terms for acquisition whereby an amount of NZ$13.25 million (AUD$10.6 million) fell due on settlement on Dec. 31.Under latest amendment, instead of making this payment, balance of purchase price will be satisfied by an ongoing deferred consideration being 5 pct. of gross sales revenue at mine gate on all coal produced by the company in Ohai area.

Intrepid Mines Ltd subsidiary completes sale of Burkina Faso exploration licences to Glencore

Wednesday, 4 Mar 2015 08:00am EST

Intrepid Mines Ltd:Says its wholly-owned subsidiary Blackthorn Resources Burkina Faso SARL has received Ministerial Approval in respect of the transfer of the Poa and Guido exploration licences in Burkina Faso to an entity associated with Glencore Plc.Blackthorn considers that the $2 mln purchase consideration is payable by March 5.

Coalspur Mines Ltd announces transaction

Tuesday, 24 Feb 2015 04:44pm EST

Coalspur Mines Ltd:Enters into a definitive agreement for the proposed acquisition of Coalspur by KC Euroholdings S.à r.l. (KCE) by way of an Australian scheme of arrangement.Under the proposed Scheme, KCE will seek to acquire all of the outstanding shares of the company offering a cash payment of A$0.023 per Coalspur share.Total equity value of the transaction is about A$15 mln on a fully-diluted basis.All amounts are in Australian dollars unless noted otherwise.

Beijing Haohua Energy Resource to acquire stake in Beijing-based energy investment company

Tuesday, 10 Feb 2015 07:00pm EST

Beijing Haohua Energy Resource Co Ltd:To acquire 30 pct stake in Erdos-based energy investment company for 1.72 bln yuan, from a Beijing-based investment management company.To hold 50 pct stake in the Erdos-based energy investment company.

Agritrade Resources Ltd announces completion of acquisition of A VLCC grade oil tanker; enters into banking facility

Friday, 6 Feb 2015 05:02am EST

Agritrade Resources Ltd:Refers to the announcement made on Nov. 1, 2014, in relation to the acquisition.Says the acquisition in relation to the VLCC grade oil tanker was completed on Feb. 06.Says on Dec. 04, 2014, Rimau Shipping, an indirect subsidiary of the company, successfully entered into a banking facility letter with a bank.Pursuant to which a five-year term loan facility of up to 70 pct of the purchase price of the VLCC Vessel (being $15,400,000) or 70 pct of its fair market value, whichever is lower, was granted by such bank to Rimau Shipping, for the purpose of partly financing the Acquisition of the VLCC Vessel.

Archer Daniels Midland Co to sell 50 percent stake in Northern Brazil export terminal to Glencore PLC

Tuesday, 3 Feb 2015 10:20am EST

Archer Daniels Midland Co:Says that it has reached agreement to sell to Glencore PLC a 50 percent stake in its export terminal in Barcarena, in northern Brazilian state of Pará.ADM-Glencore joint venture that will own and operate facility following transaction also plans to quadruple terminal's capacity from 1.5 million metric tons to 6 million metric tons.Transaction, which is contingent on regulatory approvals, is expected to close during first half of this year.

Colonial Coal International Corp to acquire Tuya Energy Inc.

Wednesday, 28 Jan 2015 09:00am EST

Colonial Coal International Corp:Says they have entered into an arrangement agreement whereby Colonial will, by way of an amalgamation between Tuya and a subsidiary of Colonial, acquire all of the issued and outstanding common shares of Tuya.Says under the terms of the transaction, each Tuya shareholder will be entitled to receive 0.5 of a common share of Colonial for each Tuya Share held.Says upon completion of the transaction, current Colonial shareholders and current Tuya shareholders will hold about 67 pct and 33 pct, respectively, of the total issued and outstanding Colonial Shares.

Stratum Metals Limited to acquire WinWin Holdings Pty Ltd

Sunday, 4 Jan 2015 08:00pm EST

Stratum Metals Limited:Says that it has executed an exclusive option agreement to acquire 100 pct. of the issued capital in emerging US based technology company, WinWin Holdings Pty Ltd.Within five business days of Stratum completing the Initial Capital Raising Stratum must pay an option facilitation fee of $75,000 to WinWin in consideration for the WinWin shareholders granting an option to Stratum to acquire 100 pct. of the issued capital in WinWin.In consideration for 100 pct. of the issued capital in WinWin, Stratum agrees to issue of securities to the WinWin shareholders in proportion to the number of WinWin shares held.

Prophecy Coal Corp completes acquisition of Pulacayo-Paca Project

Friday, 2 Jan 2015 04:05pm EST

Prophecy Coal Corp:Acquires Apogee Minerals Bolivia S.A., ASC Holdings Limited and ASC Bolivia LDC from Apogee Silver Ltd.In consideration, company has paid Apogee $250,000 and issued to Apogee 60 mln common shares.Also agreed to assume all liabilities of the Apogee Subsidiaries.

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