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Mining Support Services & Equipment

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Bauer Group Will No Longer Be Able To Achieve Their 2017 FY Earnings Forecast

Monday, 8 Jan 2018

Jan 8 (Reuters) - Bauer Ag ::FY EBIT 65 MILLION EUR.DGAP-ADHOC: BAUER AKTIENGESELLSCHAFT: BAUER AG MUST CORRECT FORECAST DUE TO UNEXPECTED SINGLE VALUATION ALLOWANCES FROM A LEGAL DISPUTE.MUST REDUCE THEIR 2017 FULL-YEAR EARNINGS FORECAST DUE TO THE UNEXPECTED OUTCOME OF LONG-STANDING ARBITRATION PROCEEDINGS.BOARD NOW EXPECTS COMPENSATION CLAIMS WILL HAVE TO BE DEPRECIATED IN THE ACCOUNTS OF THIS AFFILIATED CO BY A LITTLE MORE THAN EUR 20 MILLION.BAUER GROUP WILL NO LONGER BE ABLE TO ACHIEVE THEIR 2017 FULL-YEAR EARNINGS FORECAST FOR THE GROUP DUE TO THIS UNEXPECTED IMPACT.NOW EXPECTS AN EBIT OF AROUND EUR 65 MILLION AND EARNINGS AFTER TAX THAT SHOULD BE JUST IN THE POSITIVE RANGE.AS THIS IS A ONE-OFF EXTRAORDINARY EFFECT, NO IMPACT ON FUTURE EARNING POWER WILL BE INFERRED FROM IT.‍FY FORECAST FOR TOTAL GROUP REVENUES REMAIN UNCHANGED AT AROUND EUR 1.8 BILLION​.

Zhengzhou Coal Mining Machinery ‍Amends Share Purchase Agreement

Tuesday, 2 Jan 2018

Jan 2 (Reuters) - Zhengzhou Coal Mining Machinery Group Co Ltd <601717.SS>::‍AMENDS SHARE PURCHASE AGREEMENT ENTERED BY PURCHASER, CO, ROBERT BOSCH , SMG ACQUISITION LUXEMBOURG AND SELLER​.

Zhengzhou Coal Mining Machinery Says Unit ‍Entered Co-Investors Consultancy Service Agreement

Wednesday, 27 Dec 2017

Dec 27 (Reuters) - Zhengzhou Coal Mining Machinery Group Co Ltd <601717.SS>::UNIT ‍ENTERED CO-INVESTORS CONSULTANCY SERVICE AGREEMENT WITH CHINA RENAISSANCE CAPITAL INVESTMENT INC​.CAYMAN FUND SHALL ENGAGE CRCI FOR PROVISION OF CONSULTANCY SERVICES IN RELATION TO ACQUISITION FOR FEE OF EUR10.9 MILLION.REFERENCE IS MADE TO ANNOUNCEMENT REGARDING PROPOSED ACQUISITION OF ROBERT BOSCH STARTER MOTORS GENERATORS.

Mineral Resources Updates On Government Decision Regarding J5 And Bungalbin East​

Thursday, 21 Dec 2017

Dec 21 (Reuters) - Mineral Resources Ltd ::STATE GOVERNMENT ANNOUNCED ITS DECISION NOT TO GRANT APPROVAL TO ALLOW CO TO MINE AT J5 AND BUNGALBIN EAST​.‍CO CONFIRMS THAT FY GUIDANCE FOR FY2018 REMAINS UNCHANGED​.

AWE Says Mineral Resources To Acquire All Shares In Co Via Scheme Of Arrangement

Wednesday, 20 Dec 2017

Dec 21 (Reuters) - Awe Ltd ::RECOMMENDED ACQUISITION OF AWE BY MINERAL RESOURCES.EACH AWE SHAREHOLDER WILL RECEIVE AS DEFAULT CONSIDERATION $0.415 PAID IN CASH AND BETWEEN 0.0198 AND 0.0277 MINERAL RESOURCES SHARES PER AWE SHARE.TRANSACTION IS SUBJECT TO APPROVAL OF AWE SHAREHOLDERS AT A SHAREHOLDER MEETING EXPECTED TO OCCUR IN MID APRIL 2018.SHAREHOLDERS TO BE PROVIDED ABILITY TO ELECT TO RECEIVE 100% CASH OR 100% SCRIP.‍IF SCHEME IMPLEMENTED, AWE SHAREHOLDERS TO OWN ABOUT 6.8 PERCENT STAKE IN COMBINED GROUP, BASED ON CURRENT TRADING PRICE OF MINERAL RESOURCES ​.ACTUAL ALLOCATION TO SHAREHOLDERS SUBJECT TO SCALE BACK TO ENSURE TOTAL DEAL CONSIDERATION PAID IS 50 PERCENT CASH & 50 PERCENT SCRIP.

Mineral Resources ‍Re-Confirms FY18 Guidance​

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - Mineral Resources Ltd ::‍RE-CONFIRMS FY18 GUIDANCE​.‍COMPANY ADVISES THAT PRODUCTION IS TRACKING IN LINE WITH FORECASTS ACROSS COMMODITY BUSINESS​.‍REITERATES BOTH WODGINA DSO PRODUCTION AND EXPORT VOLUMES WILL BE MATERIALLY HIGHER IN H2 OF FY18​.

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