iron ore

General Nice and Minmetals Cheerglory have agreed to buy a 36% stake in the Hong Kong-listed iron ore mining company.

The bull market in commodities still has some years to run, but mining companies are preparing for leaner times.

With Hanking's bookbuilding coinciding with a significant sell-off in mining stocks, institutional demand for the iron ore producer isn't strong enough to allocate but a small portion of the greenshoe, sources say.

Having initially planned to sell shares in June, China Hanking returns to the market with an offering that sources say has secured enough support before launch to get done -- even in the current volatile environment.

After the successful launch of iron ore swaps three years ago, Credit Suisse completes the "missing piece" by transacting a coking coal swap with a major coal industry player.

Newton Resources raises $225 million with the support of one of its bookrunners, while fellow iron ore miner Hanking and retail play Sun Art get ready to launch.

Australian mining companies Resourcehouse and Galaxy Resources are among the growing line-up of issuers looking to list in Hong Kong, Singapore or New York before the end of the first quarter.

The world's largest iron ore producer will list in Hong Kong through introduction, giving Asia-based investors a chance to trade its stock in the Asian time zone in the form of HDRs.

Bumi Resources Minerals, which is invested in gold, copper and iron ore mining assets, raises $232 million ahead of a Jakarta listing.