Canadian copper concentrate and zinc producer Hudbay Minerals has announced plans to raise $1bn through private placement of two rounds of senior notes due in 2023 and 2025.
The company plans to use part of the funds for general corporate purposes, partly for redemption of existing notes, and the remaining for funding the tender offer and associated expenses.
Liberty House Group has started negotiations to acquire the Tata Steel UK Limited’s steel business.
Estimated to cost £100m ($124.74m), the deal is expected to close in the first quarter of 2017. Talks for the acquisition began in July this year.
LIberty House Group is a steel and advanced engineering products maker and distributor with UK-based operations.
Singapore-based thermal coal mining company Golden Energy and Resources Limited has announced the issuing of new ordinary shares to raise S$121.27m ($84.89m).
The issue includes 182,980,298 new ordinary shares priced at S$0.67 ($0.46) each.
Proceeds are intended to be used partly to repay existing loans and also meet general working capital requirements.
Australia-based gold mining company Dacian Gold Limited is to issue 42 million new shares priced at A$2.5 ($1.87) each to raise gross proceeds of A$102m ($76.15m).
Three new shares will be issued for every ten shares held by existing shareholders as of 5 December.
The offer is due to close on 20 December, with proceeds intended to be invested partly in development of infrastructure and construction of Mt Morgans Gold Project, as well as meeting corporate expenses, working capital and contingencies.
In a separate deal, the company has announced plans to raise A$46m ($34.34m) in a private placement of 18 million new shares.
