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atlas iron in trading halt, pending control proposal announcement




iron ore miner atlas iron on monday sought a trading halt of its shares pending an announcement regarding a "control transaction proposal" as the race for its ownership heats up.australian billionaire gina rinehart last week joined those vying for control of the company, disclosing a 19.96 per cent ...



gina rinehart makes $390m takeover bid atlas iron




gina rinehart has made a takeover bid for 100 per cent of atlas iron's shares, as the intriguing battle for control of the junior iron ore miner heats up.atlas, which went into a trading halt earlier on monday, said redstone corp, a wholly owned subsidiary of gina rinehart's hancock prospecting, had...



atlas iron shares dive as questions arise over wa port rights




the future of struggling junior miner atlas iron has become even more unclear after it was advised by the west australian government that it does not have a "priority right" to develop valuable export infrastructure at port hedland.shares in the iron ore junior, which have jumped more than 60 per ce...



asx advances despite resource stocks falling on us-china tensions




afterpay touch's first day as part of the asx 200 index was dampened as it fell on the news that zip had entered into a partnership with officeworks. afterpay's shares fell 2.4 per cent to $8.90. a big fall in commodity prices over the weekend led to some big losses in the materials sector on monday...



gina rinehart enters race for atlas, days after twiggy forrest's move




the race for control of junior miner atlas iron could be about to ratchet up substantially, with gina rinehart reportedly buying a 19.6 per cent stake in the miner via hancock prospecting.the move, reported by media outlets late on tuesday, would mean that two of australia's richest and most influen...



water fight: mining billionaires battle for prized port




in the 29-minute period in which atlas stock was traded, 141.35 million shares changed hands. the stock rose 4.8 per cent to 4.4 cents before trading halted.so why would two of wa’s richest, most influential and successful business people suddenly become so interested in a struggling iron ore mine...



atlas iron recommends shareholders back rinehart's offer




in a statement to the asx, atlas said a majority of its board recommended to its shareholders that they “accept the hancock offer, in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the hancock offer is fair and reasonable to atl...



fortescue shares dive as iron ore price slide deepens




shares in andrew "twiggy" forrest's iron ore miner fortescue metals slumped on thursday as a steep decline in the spot iron ore price and lower production in the march quarter due to bad weather soured sentiment.fortescue shares were down 7 per cent, or 41.5¢, to $5.485 at 3.30pm, near six-month lo...



china's zte halts share trading following us export ban




zte has been banned from purchasing sensitive technology from the us over its illegal sales to iran and north koreachinese telecom giant zte halted trading of its shares in hong kong and shenzhen tuesday following the announcement of a us ban on its purchase of sensitive technology that drew a pledg...



asx advances on investor confidence following tax cuts




apn outdoor's shares enjoyed a big gain on thursday after french outdoor advertising giant jcdecaux made a $1.1 billion offer for the company worth $6.52 a share, an 11 per cent premium to its wednesday closing price. apn's shares rose 12.1 per cent to close at $6.56.bellamy's australia announced th...



sebi likely to allow futures trading in petrol and diesel




the securities and exchange board of india (sebi) is considering allowing futures trading in petrol and diesel, according to sources. the petroleum and natural gas ministry has already approved the proposal. petrol and diesel are among the 90-plus commodities that have been approved by the governmen...



rio tinto suspends former chief executive sam walsh's payout pending simandou in




rio tinto's former chief executive sam walsh has had part of his retirement payout withheld while the company waits for investigations into payments made to gain access to a potential project in guinea, africa, to be finalised.at the same time, a subcommittee of the board, chaired by the chairman...



after stock rally, polaris consulting delisting offer may not go through




the delisting proposal for polaris consulting & services by virtusa consulting services, which owns 74.22 per cent in the company, is unlikely to go through as the stock price has surged over 60 per cent since its price before the delisting announcement. the stock of polaris, which was trading at ar...



boxing clever gina outmuscles twiggy in fight for atlas




according to the documents from the hppl subsidiary bidding for atlas, redstone corporation pty ltd, it was incorporated on april 19 “for the principal purpose of making the offer and acquiring and holding atlas shares".this was just 10 days after ellison’s minres announced the scheme of arrang...



mmtc to sell 26% equity of sical iron ore terminals




government-owned trading company mmtc ltd has initiated the process to offload its entire 26 per cent equity in sical iron ore terminals ltd (siotl), a subsidiary of sical logistics. the iron ore terminal has been set up at kamarajar port ltd (formerly ennore port ltd). this is the second joint vent...



fleetwood mick won't be singing the blues over $13b bid




it makes you wonder if the staff would welcome a successful bid from li so they can have some fresh entertainment options.poor mick would be walking away from a business he has largely built himself, but a lot needs to happen before things get serious.there are plenty of regulatory hurdles that coul...



finding better wind energy potential with the new european wind atlas




washington d.c., september 6, 2017 -- over the last 25 years, the world has seen an increased dependency on wind energy that promises to continue growing. this has created an ever-evolving process to develop a method that can accurately assess a region's wind energy potential. the most-used assessme...



donald trump air traffic control announcement: watch online




president donald trump will outline his plan to overhaul the air traffic control system on monday, kicking off what the white house has deemed "infrastructure week."white house officials said the president will urge congress to take swift action to privatize air traffic control and separate it from ...



govt mulls shifting control of iron ore, coal to steel min to boost supply




the government is considering a plan to hand over control of iron ore and coking coal mining to the steel ministry to boost supplies of the key steelmaking materials, as the country is poised to become the world’s second-biggest producer, according to a person with knowledge of the plan. the propo...



parliament puts controversial bills on ice pending coalition formation




the dutch lower house is ready for business. photo: sisyfus via wikimediaa number of new laws currently being processed in parliament are to be put on ice pending the creation of a new government. traditionally, work on politically sensitive issues is halted while a new cabinet is put together follo...



vw atlas five-seat suv to get new york preview




volkswagen’s seven-seat atlas suv is spawning a new version, with vw confirming that a five-seater atlas is set to arrive in dealerships. expected to be previewed in concept form at the new york international auto show 2018 next week, the new atlas will be built at the automaker’s chattanooga pl...



riddhi siddhi gluco biols zooms 20% on delisting plan




riddhi siddhi gluco biols was locked in upper circuit of 20% at rs 581, also its new high on the bse, after the company announced that the board will meet on tuesday, 12th december, 2017 to consider the delisting proposal.the company has received the proposal from the promoter(s)/promoter(s) group a...



dredging corporation, stc india up over 30% in two days




shares of select public sector undertaking (psu) companies were trading higher for the second straight day with dredging corporation of india (dci) and state trading corporation of india (stc india) has rallied more than 30% in past two trading sessions on the bse.hindustan copper, stc india and dci...



7 smart ways to store your cast iron cookware — organizing tips from kitchn




cast iron pieces are as much about function as they are about form: often, people admire a well-worn cast iron skillet as much as, say, a brand spankin' new car. so it should come as no surprise to hear that showing off your cast iron collection is a genre all of its own. type "cast iron display" in...



afl plans two-day draft




the afl is proposing to transform the national draft into a two-day event that features live trading of picks, starting this year.the afl will write to clubs on thursday, detailing how it intends to revolutionise the national draft into an event over two days – imitating the multi-day drafts in am...