Resourcehouse is planning to raise $3.6 billion in a Hong Kong IPO, The Wall Street Journal reports. The Australian mining company intends to sell 5.716 billion shares. The sale proceeds will be used to develop the China First Coal project and the China First Iron Ore project in Australia. The IPO will be backed by BOC International. HSBC, Royal Bank of Scotland and UBS are joint book-runners for the offering.
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