News Articles for Hanlong Mining

Moly Mines in $51m Qld takeover

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One-time WA iron ore miner Moly Mines, which was delisted from the ASX early this year with nearly 4,000 shareholders and $63 million in the bank, has struck a deal to buy copper stock Queensland Mining Corporation.

Moly Mines delisted with $63m in the bank

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Nearly 4,000 shareholders in West Perth company Moly Mines have effectively become stranded in the $63 million cashbox after a stand-off between its board and the ASX ended in a delisting of its stock.

Xiao jailed for insider trading

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Former Hanlong Mining boss Hui Xiao has been handed an eight-year prison sentence by a Sydney court for insider trading with regards to two Perth resources companies.

Xiao pleads guilty to insider trading

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The corporate watchdog says former Hanlong Mining managing director Hui Xiao has pleaded guilty to insider trading involving two Perth resources companies.

Moly shares down on likely suspension

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Shares in cashed-up Moly Mines have slumped after the company's two most senior executives left the business and it admitted it was likely to suspend trading on the ASX after failing to acquire a new business.

Mansell, Hackett step down from Moly Mines

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Moly Mines has announced another boardroom shakeup in the wake of the arrest in Hong Kong earlier this week of one of the company's major shareholder's senior executives.

Sundance to pursue new financing plans

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Sundance Resources has outlined a new approach to funding its major iron ore project in West Africa, seven months after terminating a $1.3 billion takeover agreement with Chinese company Hanlong Mining.

Hanlong wants Camarri, Mansell

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The boardroom twists at cashed-up Moly Mines have taken another turn, with its Chinese shareholder moving to replace the independent directors with Perth veterans Bruno Camarri and Peter Mansell.

Moly Mines to drop directors

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China's Hanlong Mining Investments has been successful in its bid to ditch three independent directors from the board of Perth-based gold, copper and molybdenum miner Moly Mines.

Sundance takeover almost dead

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Hanlong's troublesome 20 month-long takeover of Sundance Resources looks to be almost dead, after the Chinese suitor disclosed it would not meet a key funding deadline for the $1.3 billion dea

Sundance suitor ordered to find partner

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The long-running takeover of iron ore stock Sundance Resources faces more delays and uncertainty after Chinese suitor Hanlong Mining was told by regulators and bankers in China to find a large and

Bolstered Macquarie comes out top in a lean year for corporate finance

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Competition in the state's investment banking sector is hotter than ever despite a fall-off in takeover deals and capital raisings last year.

Sundance a step closer to realising vision

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Sundance Resources is on the brink of big changes, as its 18-month takeover saga approaches a finale and its African iron ore project completes major milestones.

Welcome mat out for ‘commercial beasts’

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CHINESE investment in Australia may have slowed as uncertainty continues about the value of commodities, but it has not stopped.

Sundance extends deadline for Hanlong takeover

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Sundance Resource has extended the deadline for China's regulatory watchdog to approve Hanlong Mining's proposed $1.7 billion takeover bid.

Perth’s top PR firms take cream in year’s big plays

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FTI Consulting and Professional Public Relations are the top financial PR firms in Perth, WA Business News' annual corporate finance survey has found.

Bannerman cools on Hanlong deal

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Bannerman Resources has advised would-be Chinese suitor Sichuan Hanlong Group that it will pursue discussions with other parties regarding development of its uranium project in Namibia, after Hanlo

ASIC obtains freeze on Hanlong executives

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Hanlong Mining is under investigation by the Australian Securities and Investments Commission for suspected insider trading activities in the stock of its takeover targets, Perth-based miners Banne

Hanlong launches $143m bid for Bannerman

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Perth-based uranium miner Bannerman Resources has received a highly conditional $143 million takeover offer from China's Sichuan Hanlong Group.

Moly secures $US500m for Spinifex Ridge

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Moly Mines has secured $US500 million in financing agreements to fund the construction of its Spinifex Ridge molybdenum-copper project near Port Hedland.

Moly signs $600 million deal

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Perth-based iron ore miner Moly Mines has announced that it will enter into a $600 million engineering contract with one of China's top engineering companies and ASX-listed GR Engineering Services to develop its Spinifex Ridge molybdenum project.

Hanlong takes Talbot's Sundance stake

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Hanlong Mining has become Sundance Resources' largest shareholder after it acquired the entire stock holding of the Talbot Group.

Mansell at Hanlong

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VETERAN director Peter Mansell continues to rebuild his corporate portfolio with an appointment to a special advisory role with emerging resources investor Hanlong Mining Investment.

Hanlong still committed to Moly Mines

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The financier for Moly Mines' Spinifex Ridge molybdenum project in the Pilbara says it is still committed to the project, despite delays in securing project approval.

Mansell joins Hanlong Mining

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Hanlong Mining has appointed former WA Newspapers and Western Power chairman Peter Mansell to help achieve the company's aspirations of becoming a large international mining house.

Chinese approve Moly Mines loan

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The Chinese majority owner of Moly Mines, Hanlong Mining Investment, has received Chinese government approval for a $US466 million loan to complete financing for the Spinifex Ridge molybdenum-copper project in the Pilbara.

Moly up on completed China funding deal

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Shares in Moly Mines have been lifted following the company's completion of the Chinese-backed transaction resulting in Hanlong Mining Investment becoming Moly's controlling shareholder after settling the $US200 million equity and debt funding.