Thursday 31 July 2014

Australian miner launches $3.6bn HK IPO

Australian mining company Resourcehouse, controlled by billionaire Clive Palmer, has launched its planned $3.6 billion Hong Kong IPO betting on rising coal prices to attract investors to its large initial public offering. The company, whic


Resourcehouse clinches $60bn China coal deal

Australia's Resourcehouse said on Saturday it had secured a deal worth $60 billion to supply coal to Chinese power stations over a 20-year period, calling it Australia's largest ever export contract. Company Chairman Clive Palmer s

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