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ARTICLE · 06 FEBRUARY 2014

Mining Sector Update: January - February 2014

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

Corrs Chambers Westgarth

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This update is a summary of recently completed deals, market rumours, potential opportunities and regulatory updates.

AustraliaEnergy and Natural Resources
Michael MacGinley
Michael MacGinley
Bruce Adkins
Bruce Adkins
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Introduction

Welcome to the January/February 2014 edition of the Australian Mining Sector Update, a monthly publication prepared by Corrs Chambers Westgarth for clients and contacts who are interested in the Australian mining industry.

This publication brings together a brief summary of information on recently completed deals, market rumours, potential opportunities and relevant regulatory updates.

Recent announcements

Further to our story in the December 2013 edition of the Australian Mining Sector Update, Wealth Mining announced that its off-market takeover bid for all of the fully paid shares in ASX-listed coal explorer Carabella Resources went unconditional on 13 January 2014. Wealth Mining is a wholly owned subsidiary of China Kingho Energy Group, one of China's largest privately held mining and energy companies. Wealth Mining increased its stake in Carabella Resources from 11.06% to 17.51% between its first announcement of the takeover offer on 3

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