News Wrap

IN today’s News Wrap: OCP Asia writes third cheque for mining equipment company; Glencore's Ivan Glasenberg coy on OZ Minerals stake; and Rio weighs IOC float.

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OCP Asia writes third cheque for mining equipment company

Asia-based alternatives manager OCP Asia has tripled down on privately-owned mining equipment hire company National Plant & Equipment, according to the Australian Financial Review.

It is believed that OCP Asia has written another $50 million cheque for National Plant in recent days, to take its exposure to the business to $185 million in three tranches.

The latest raising is expected to help National Plant grow its fleet and business, at a time when there are a few chunky mining contracts up for grabs and utilisation across the market is improving.

 

Glencore's Ivan Glasenberg coy on OZ Minerals stake

Glencore chief executive I...

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