20
Nov
08:21
Golden Energy bids for Stanmore Coal
Indonesian miner Golden Energy and Resources aims to take control of Australian coking coal miner Stanmore Resources. The move comes as Stanmore works on boosting output from its Bowen Basin operations, Kallanish notes.
Golden Energy subsidiary Golden Investments has bid AUD 249 million ($182m) for the miner, a 14.5% premium to its ASX listed share price prior to the offer. Stanmore has recommended its shareholders take no action for the moment as it a…
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Anonymous
Very good overview of the weekly steel market.
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