Minister for Infrastructure and Transport Anthony Albanese and Minister for Finance and Deregulation Senator Penny Wong have announced the establishment of the Moorebank Intermodal Company and the appointment of the chair and directors to ...
Tags: Moorebank Intermodal Company, Sydney, government business, logistics
Reuters reported that Nickel prices may see a short term lift over the next several months due to a seasonal rise in demand for stainless steel, but next year's outlook is burdened by another market surplus. Nickel, a component in ...
Tags: Nickel prices, market surplus, seasonal rise
Ukraine-based vertically integrated mining and steel group Metinvest has announced that it has secured a USD 300 million 3 year pre export finance facility. The interest margin is 5.25% per annum over the LIBOR rate while there is a grace ...
Tags: iron ore price news, finance loan, steel construction, steel group
Rigid plastics firm Pact Group has bought the Viscount Plastics division from Linpac, for an undisclosed sum Australia-based Viscount Plastics, with its production facilities in Australia, New Zealand, China and Malaysia, manufactures and ...
An employee works in a ferronickel smelter owned by state miner Aneka Tambang in the Pomala district in Indonesia's South Sulawesi province. The country accounts for roughly 7% of the world's total nickel mine output. Picture: REUTERS ...
Tags: nickel, copper mining news, jobs in mining, scrap metal prices
The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis
According to Deutsche Bank AG, BHP Billiton Ltd, the world's biggest mining company may attract investment of USD 2 billion from fertilizer makers as well as sovereign wealth funds in its Canadian potash project. Deutsche analysts Mr ...
Tags: BHP Billiton, Deutsche Bank, mining company
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
North American supplier of general line rigid containers BWAY Parent Company through its primary operating subsidiary BWAY has entered into an agreement to be acquired by equity investment firm Platinum Equity for $1.24bn. Under the terms ...
Tags: rigid containers, value creation, investment
Investment firm Platinum Equity’s affiliate has completed the previously announced acquisition of BWAY, a North American supplier of general line rigid containers for $1.24bn, from Madison Dearborn Partners through a merger. ...
Tags: Bway, rigid containers, general line
US-based Dole Food is in advanced talks with Japanese trading house Itochu over the sale of its packaged foods and Asian fresh fruit and vegetable businesses. Itochu could pay about$1.7bn for the businesses,reported Reuters citing sources ...
Tags: packaged foods, fresh fruit, vegetable
American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
Insurance firm MetLife has inked an agreement to dispose of its nearly $70bn mortgage servicing portfolio to US based JPMorgan Chase Bank, for an undisclosed sum. Subject to certain regulatory approvals and other customary closing ...
Tags: MetLife, mortgage service, JPMorgan Chase Bank, MetLife Bank
Reuters reported that London copper edged down after rising for two weeks in a row although signs of economic recovery in top consumer China and hopes for Greece to avert an imminent bankruptcy kept a floor under prices. Copper prices ...