Toronto-based merchant bank Minerx Group was out to prove that there is a plethora of opportunities in the the advanced exploration market with its new private equity arm called Minvest Partners, according to a Mining Markets article.
Industrials
Amec looking to takeover Foster Wheeler
UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power conglomerate.
China's mission for foreign oil control evident in crude exports monopoly in Ecuador - report
A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.
Repsol to give recommendation to YPF deal for less than half of its value - sources
On Wednesday, sources disclosed that the board of directors of Spanish oil major Repsol will resolve to agree on compensation for its 51% ownership stake in YPF, of which the latter will be nationalized by the government of Argentina.
Gold Fields keen to stretch maturities of loans - CEO
Due to the swing of gold prices, South African mining company Gold Fields Ltd had resorted to negotiating with its creditors for an extension of its loan maturities, said Gold Fields CEO Nick Holland.
Latest News
Investment firms Carlyle Group, Blackstone Group, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and Canada Pension Plan Investment Board are reportedly bidding for Illinois Tool Works' industrial packaging unit in a deal that could bring in USD3 billion.
Although Dubai seemed to have recovered from the 2009 debt crisis it experienced in 2009, it needs to sell some of its assets, including Mauser, to repay some USD50 million in debt, according to sources who told Reuters.
Australia-based mining logistics firm BIS Industries is buying industrial transport company Powertrans for USD30 million in a debt-funded transaction which will be finalized in January.
Citing a draft of the fund, a report from Bloomberg said the planned Sovereign Wealth of Zimbabwe may obtain a portion of the country's share of mining revenues.
Colorado-based building and battery startups Prescient, Boulder Ionics, and RoundPegg announced that they received funding from investors this week, which will be used for expansion and development.
The partnership of Mitsubishi Electric, Mitsubishi Corp and Mitsubishi Heavy with Tokyo Electric Power Co (Tepco) would lead to the building of integrated gasification combined-cycle (IGCC) stations in Fukushima.
The European Commission is looking at the way container-shipping companies announce their price increases, saying it may be possible that they are colluding with each other to rig prices.
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.
