MMG to raise $1.6 billion through share placement and convertible bonds
Mining company MMG Ltd. (1208.HK) announced on Monday it plans to raise HK$12.62 billion ($1.61 billion) through a share placement and convertible bond sale, with proceeds earmarked for debt refinancing,…
CiDi drives beyond China with new British partnership
The company will supply its autonomous mining trucks and related technology to MMD Group, as it seeks to cultivate the international market Key Takeaways: CiDi announced a new partnership to…
Cango eyes high-performance computing scale-up after turning a tight corner
The bitcoin miner took a series of major write-offs last year, many in the fourth quarter, and received some major new investment to shore up its finances heading into a…
BRIEF: Zhihui Mining soars in Hong Kong trading debut
Shares of mining company Xizang Zhihui Mining Co. Ltd. (2546.HK) opened 139.5% higher in their Hong Kong trading debut on Friday, then pared some of those gains to close at…
BRIEF: Cidi stumbles in Hong Kong trading debut
Shares of autonomous mining truck maker Cidi Inc. (3881.HK) opened flat in their Hong Kong trading debut on Friday, then edged down to close 8.4% below their offer price at HK$260 by…
BRIEF: CMOC to buy four Brazilian gold mines from Equinox for $1 billion
CMOC Group Ltd. (3993.HK) said on Monday it will pay $1 billion for three gold mining assets in Brazil from Canada’s Equinox Gold Corp. (EQX.TO), as it diversifies beyond its…
Business diversification may backfire on Lingong as it seeks Hong Kong IPO
The mining equipment maker is looking to go public amid optimism around Chinese stocks and a commodities upturn, but its exposure to China’s troubled real estate market is a red…
