Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

Spartan Resources /Australi / Equity Bottom-Up

<ul>
<li>Citigroup seeking sellers of 10-19.99% of Spartan Resources shares</li>
<li>150 million shares traded at $0.89 apiece, valued at $134 million</li>
<li>Likely buyer is Ramelius, who can't bid for the whole company for 4 months</li>
</ul>
<p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>


Citigroup seeking sellers of 10-19.99% of Spartan Resources shares
150 million shares traded at $0.89 apiece, valued at $134 million
Likely buyer is Ramelius, who can't bid for the whole company for 4 months

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

“Mystery” Buyer Snaps up Spartan Stake

Australia

Imdex Ltd operates as a mining equipment, technology, and services company. The Company provides drilling fluids and down hole instrumentation to mining, oil and gas, water well, and civil engineering industries worldwide.

Mincor Resources NL is a nickel mining and exploration company with operations in the Kambalda Nickel District in Western Australia.  Through a joint venture, the Company operates the Miitel and Wannaway nickel mines in Kambalda.  The Company also has operations in projects located in Guinea, Tanzania and Fiji.

BCI Minerals Limited is an Australian-based resources company. The Company is focused on developing the Mardie Salt & Potash Project located in Western Australian, supported by iron ore royalty earnings.

Westgold Resources Limited provides gold mining services. The Company owns and operates gold mining projects. Westgold Resources conducts its business in Australia.

Tietto Minerals Limited provides metal exploration and mining services. The Company focuses on development and exploration of gold projects. Tietto Minerals serves customers in West Africa.

Resolute Mining Limited explores for, produces and develops gold in Mali and Queensland, Australia. The Company's gold exploration projects include Syama and Ravenswood.

Pantoro Limited operates as a mineral exploration and production company. The Company explores gold and other metals. Pantoro serves customers in Australia.

Silver Lake Resources Limited is a mineral exploration company. The Company is focused on gold exploration in Western Australia.

Sovereign Metals Ltd. explores and mines for copper and gold.

Latin Resources Ltd is Perth Australia based, Iron Ore and Gold focused exploration and development company. The Company was formed as a vehicle to explore and develop mineral concessions.

OSAKA STEEL CO., LTD. is an Osaka based electric furnace steelmaker.  The Company is affiliated with Nippon Steel.  Osaka Steel makes shaped steel, nets, and other processed wire-rod products.

Nippon Light Metal Holdings Co., Ltd. was established through the share transfer with Nippon Light Metal as subsidiary.  The holding company is mainly engaged in manufacturing and selling aluminium and its related products.

POSCO M-TECH CO.,LTD. manufactures steel strips used for packing.  The Company also produces deoxidizers used in the steel-making process.  Under  a long-term supply contact, the Company distributes a significant portion of  its output to POSCO.

Jayaswal Neco Industries Ltd. manufactures steel and steel products.  The Company produces steel for manufacturers of automobiles, appliances, and other products; produces ferrous and non-ferrous castings for the railroad, automobile, construction, and valve manufacturing industries; and mines coal.

Shaanxi Ligeance Mineral Resources Co Ltd. is a mineral exploration and production company. The Company's business scope includes molybdenum, rhenium, and other non-ferrous minerals development, smelting, trade; new materials, smelting, refining and the development of new technologies and investments.

PT Cita Mineral Investindo Tbk is a mineral exploration company. The Company mines for and produces bauxite.

OSAKA Titanium technologies Co., Ltd. produces and sells non-ferrous metals such as titanium.  The Company's products include sponge and powdered titanium, titanium ingots, and high-purity titanium as well as non-metal products such as silicon processed materials and polycrystalline silicon utilized in the semiconductor industry.

KYOEI STEEL LTD. manufactures and sells specialty steel products for construction use.  The company's products include deformed steel bar, structural steel bar, flat steel bar, and angle bar.  KYOEI also operates medical and industrial waste management

Chongqing Iron & Steel Company Limited manufactures and sells steel products. The products include medium-gauge steel plates, steel sections, and wire rods.

Chongqing Iron & Steel Co Ltd H (1053 HK)

Sam Kang M&T Co., Ltd. manufactures special steel pipes used for petroleum refining and ocean floor exploration.  Sam Kang also produces steel blocks for ship building, and cranes that is used in industry area.

Spartan Resources Limited provides exploration and mining services. The Company explores and develops gold projects in Western Australia. Spartan Resources serves customers worldwide.

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Spartan Resources /Australi (SPR AU)

“Mystery” Buyer Snaps up Spartan Stake

Citigroup is seeking sellers of 10-19.99% of shares from Spartan Resources, with Romelius potentially interested in acquiring a stake in the...

Money of Mine

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52-week Range

Market Cap (USDm)

P/E

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