Iron ore

IPO

Southern Alliance Mining files for IPO of 76 million shares at 25 cents each

Iron-ore producer Southern Alliance Mining (SAM) launched its Initial Public Offering (IPO) on the Catalist Board of the Singapore Exchange on Tuesday

Broker's Calls

Catalist debutant Fortress Minerals to ride on China's rising demand for steel mills, says UOB

SINGAPORE (Mar 25): UOB KayHian says upcoming market entrant Fortress Minerals (FMIL SP) is well positioned to ride on increasing demand from Chinese steel mills.

Update

CNMC Goldmine's dual listing plans rejected by Hong Kong Stock Exchange

SINGAPORE (Dec 24): CNMC Goldmine Holdings says plans for a dual primary listing in Hong Kong has been rejected by the Mainboard of the Hong Kong Stock Exchange (HKSE).  

Commodities

SGX launches high-grade iron ore derivatives

SINGAPORE (Dec 3): Singapore Exchange (SGX) today launched SGX MB Iron Ore CFR China swaps and futures to complement the bourse’s bellweather 62% Fe Brazilian derivatives.

Commodities

Hong Kong vs Singapore; who will win the iron ore wars?

(Nov 13): Call it the iron ore wars. Two of Asia’s financial heavyweights are going head-to-head as Hong Kong Exchanges & Clearing starts futures for a commodity that’s seen extraordinary volatility and been a popular way to bet on China, challenging

CNMC Goldmine to acquire Kelantan company for $0.8 mil

SINGAPORE (March 20): CNMC Goldmine Holdings is proposing to acquire a 100% stake in what would be its third mining asset in Malaysia, KelGold Mining, for RM2.5 million ($0.8 million) in cash.

Commodities

The China X-factor that puts steel’s surprise comeback at risk

SHANGHAI (Feb 14): Steelmakers aren’t out of the woods yet. A year-long resurgence risks cooling as a slowdown in China’s property market deepens, exposing bullish sentiment as overblown, according to a U.S.-based hedge fund manager and former Citigr

Commodities

Rio Tinto rewards investors as profit rebounds on iron ore rally

(Feb 8): Rio Tinto Group will pay a much higher dividend than expected and buy back US$500 million ($708.8 million) of shares after the world’s second-biggest mining company reported the first gain in annual profit since 2013.

Could drybulk shipping be on cusp of recovery?

SINGAPORE (Sept 19): Axia Capital Markets believes the worst is over for drybulk shipping as the demand for iron ore imports from China grew faster than expected from its stimulus programme.
CNMC Goldmine

Broker's Calls

CNMC Goldmine kept at ‘overweight’ by NRA Capital on new mine deal

SINGAPORE (June 30): NRA Capital has maintained its “overweight” rating on CNMC Goldmine, with a target price of 43 cents.
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