A US fund manager could end up with a stake of more than 30 per cent stake in the Emeco Holdings following a deal with another creditor.
Australia’s competition watchdog has expressed concern over diversified global miner South32’s proposed $US200 million ($259.8 million) acquisition of the Metropolitan Colliery in NSW from Peabody Energy.
Atlas Iron has swung back into the black on last year’s rise in the iron ore price, booking an after-tax profit of $18.9 million for the first half of the year.
Mineral sands miner Iluka Resources has slid to a full-year loss of $224 million on the back of hefty writedowns related to a restructuring of the company’s business amid the downturn.
Mining services provider Ausdrill says rationalisation and cost-cutting helped deliver an 87 per cent boost in interim net profit to $13.4 million.