OAO Mechel (MTL) is ready to drop proposals for a London or New York initial public offering for its mining unit should the company raise enough money from a plan to boost returns, including possible asset sales, to finance projects.
Aluminum Corp. of China, the country’s biggest producer of the metal, may start a $1 billion initial share sale this month in Hong Kong of its Peruvian copper mining unit, said two people with knowledge of the matter.
When a private company wants to raise money by selling shares, one way it can do so is through an initial public offering (IPO) whereby it offers them to the public shortly before they are listed upon ...
Huaibei Mining Co. said that it plans to raise CNY6.06 billion ($963 million) in an initial public offering ahead of a listing in Shanghai, as more companies seek a listing to ride on resurging market confidence amid hopes of further monetary easing.
Even as Aluminium Corp. of China Ltd.s, or Chalcos, deal ambitions in Mongolia have stalled, it hasnt stopped it from braving the stock market for capital.
ULAN BATOR (Reuters) - Mongolia's bid to discredit one of its most popular opposition politicians, a staunch supporter of resource nationalism, could backfire and strengthen his party in approaching elections, putting at risk mining investments in the central Asian nation.
Intergeo registered a preliminary prospectus with regulators, the company said yesterday in a statement. The number of shares and price will be set later, Intergeo said.