INTERNATIONAL COAL NEWS

News Wrap

IN THIS morning's News Wrap: Deals to be had in commodities rout; Palmer's Queensland Nickel work...

Lou Caruana

Deals to be had in commodities rout

Advisers say the hottest deals in mining in 2016 will be the buying and restructuring of companies out of insolvencies, and picking up assets miners are selling to help fix balance sheets, according to the Australian Financial Review.

And the dire market for initial public offerings in mining, which produced only two floats on the ASX in 2015, could be the “new normal”, at least for 2016, Perth-based adviser Liam Twigger said.

Palmer's Queensland Nickel workers to meet govt reps

Sacked Queensland Nickel workers will have the chance to meet with government representatives on Tuesday as they plan the next phases of their professional lives, according to the Sydney Morning Herald.

Mining magnate-cum-federal politician Clive Palmer's company, which ran Townsville's Yabulu nickel refinery, went into voluntary administration on Monday.

Analysts believe Rio Tinto has overcome slow start to meet iron ore target

The Australian Financial Review reports that Rio Tinto's slow start to iron ore shipping in 2015 will not prevent it from meeting its iron ore export target, analysts say.

Rio will reveal its December-quarter results on Tuesday morning, and several analysts believe the company lifted exports by more than 4% above the September quarter to meet the target.

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