Carabella Resources Ltd announces variation of takeover bid by Wealth Mining Pty Ltd

Carabella Resources Ltd:Says that Wealth Mining Pty Ltd gives notice that it varies the off-market takeover bid for all of the ordinary shares in Carabella Resources (the offer) by extending the period during the offer will remain open.Says the offer period will now close on Jan, 29 (unless further extended). 


Read more: Clermont mine helps Rio reach record thermal coal production

Mining company Rio Tinto says increased production at its Clermont mine in the Bowen Basin has helped it reach record thermal coal production.

During 2013, the company produced 26.8 million tonnes of thermal and semi-soft coal, up 12 per cent from the previous year.

The figures in the fourth quarter were slightly lower than the same time last year, due in part to the closure of the Blair Athol mine in 2013.

Coking coal production was up slightly over the 12 months.