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ARTICLE · 11 DECEMBER 2017

Australian Mining Sector Update: December 2017 - Market Rumours and Opportunities

Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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This monthly update identifies market rumours and opportunities in the Australian mining sector, as announced publicly.

AustraliaEnergy and Natural Resources
Bruce Adkins
Bruce Adkins
Stuart Clague
Stuart Clague
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Hannans conducts capital raising to support asset growth and acquisitions

ASX-listed exploration company Hannans Ltd has announced a A$2.5 million capital raising to support lithium exploration at Forrestania in Western Australia, and due diligence on potential acquisitions. Under a Share Purchase Plan, existing Hannans shareholders were given the opportunity to acquire up to A$15,000 worth of new shares at a discounted price.

Struggling WICET the subject of takeover interest

The Australian Financial Review , citing unnamed sources, has reported that a consortium comprised of ASX-listed Aurizon Holdings Limited ( Aurizon ) and ASX-listed Macquarie Group Limited ( Macquarie ) and Canadian investor Brookfield Asset Management ( Brookfield ) have submitted a A$4 billion bid to take control of the Wiggins Island Coal Export Terminal (WICET), and one or more of WICET's source mines.

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