CAPITAL MARKETS

FIRB blocks Shougang investment

THE Foreign Investment Review Board has knocked back Chinese steel company Shougang Holding’s proposed $A4.5 million placement with Prosperity Resources.

MiningNews.Net
FIRB blocks Shougang investment

Investors have not welcomed the news with Prosperity’s share price dipping 3.8c (28%) to an intraday low of 9.7c. In a statement, Perth-based Prosperity said Shougang’s subscription agreement had lapsed...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.