Deals this week: Yanzhou Coal Mining, MMC Norilsk Nickel Group, Barclays
Yanzhou Coal Mining Company has announced its plans to raise $1bn through a non-public offering of 647 million shares.
Yanzhou Coal Mining Company has announced its plans to raise $1bn through a non-public offering of 647 million shares.
The proposed issue value represents a stake of 13.17%.
Russia’s MMC Norilsk Nickel Group raised $1bn through public offering of international bonds maturing on 11 April 2023.
Sold at a price of 100%, the bonds have an initial yield value of 4.1%.
The company engaged Barclays, Citigroup, HSBC Holdings, ING Wholesale Banking London, JPMorgan Chase & Co, Sberbank CIB, Societe Generale SA, UniCredit SpA, VTB Capital, Clearstream Banking AG and Euroclear Bank SA/NV as book-runners for the transaction.
US-based Alliance Resource Operating Partners has announced its plans to raise $500m through a private placement of senior unsecured notes due 2025.
AROP is a wholly owned subsidiary of Alliance Resource Partners, a diversified producer and marketer of coal.
Taharoa Mining Investments Limited (TMIL) has reached an agreement to acquire 100% stake in the Taharoa export iron sands business of BlueScope Steel Limited.
Taharoa C Block Incorporation (Taharoa C) subsidiary TMIL is based in New Zealand, while BlueScope Steel is an Australian painted and coated steel products manufacturer.
Australia-based mineral exploration company Spitfire Materials Limited has announced its plans to raise A$4.5m ($3.43m) through a private placement.
The transaction will include issuing 75 million ordinary shares, each priced at A$0.06 ($0.04) to new and existing investors.