SPECIAL REPORT: West Perth-based junior Metalicity is developing a plan to take the Admiral Bay zinc deposit in the Canning Basin to production, two years after the project was bought from the collapsed Kagara Mining.
Litigation funder IMF Bentham has announced it will fund a shareholder class action against former directors of collapsed miner Kagara, which went into administration in 2012.
Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.
Private equity groups are on track to gain control of two mining operations, after Aditya Birla Minerals sold its mothballed Mt Gordon operation, while Atherton Resources looks set to be acquired in a takeover valued at about $56 million.
The private equity group seeking control of Mungana Goldmines has lifted its takeover bid to 17 cents per share, above recent trading levels but below the valuations of the company's independent expert.
Private equity group Auctus Chillagoe's proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana's major shareholders announcing their intention not to accept the offer.
GREG Evans has got off to a flying start in his new role as KPMG's global leader of mining M&A, with one of the firm's major clients announcing its first takeover bid last week.
Shares in resources developer Mungana Goldmines have shot up 33 per cent today after an off-market takeover proposal backed by private equity group Denham Capital.
Perth-based PLD Corporation will proceed with acquiring three zinc and nickel projects, including collapsed miner Kagara's Admiral Bay zinc project, now that it has secured about $10 million from two mining finance managers, including Resource Capital Funds.
Perth-based Liontown Resources says it will accept just $465,500 to satisfy an outstanding settlement around the sale of its Liontown base metal deposit in Queensland to collapsed miner Kagara, which was later offloaded to Red River Resources.
Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara's Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.
Kingsgate Consolidated announced today that chief executive Geoff Day and chief financial officer Austen Perrin have both left the company, just months after joining the gold miner.
Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.
Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.
Base Metals miner Kagara has cancelled the sale of half its remaining Queensland assets after negotiations with the purchaser, which failed to come up with $6 million in deposits for the projects i
Geoff Day has resigned as a director of Kagara, and as a director of its three whollyowned subsidiaries, Mungana, Kagara Copper and Einasleigh Mining. Mr Day is
Western Australia's pipeline of significant non-iron ore projects is showing signs of a quick slowdown as construction of major projects is due to be completed by the end of next year.
The administrators for collapsed miner Kagara have appointed PCF Capital to sell the company's north Queensland assets, while Rothschild Australia will co-ordinate the sale of the Admiral Bay zinc-
Embattled miner Kagara has called in administrators from Taylor Woodings after making no progress on restructuring its financing arrangements over the past week.
Shares in base metals miner Kagara have entered a trading halt, with the market speculating the struggling company is set to make a funding announcement.
Shares in Perth-based miner Kagara have sunk to a new low of 12 cents, after it suspended operations at its Baal Gammon base metals project in Queensland.
The past 12 months have been tough for almost anyone involved in the stock market; but for a particular crop of Perth-based miners, 2011 was truly a year to forget.
Base metals producer Kagara has completed a $25 million share placement at 31 cents per share, to complete the acquisition of its Einasleigh copper project in Queensland and fund exploration activi
THREE trends stand out when the salary packages of newly appointed chief executives at Western Australian companies are examined.First,the bigger the company the higher the salary.
Perth-based miner Kagara has begun talks with potential buyers of its nickel assets after its mining partner Western Areas indicated it was not interested in a purchase.
Copper miner Kagara has announced a $32.2 million net loss after significant write-downs in the carrying value of two of its underground mines and a strategic review of the company's operations.
Minerals explorer Copper Strike says it plans to accept Kagara's offer to buy its Einasleigh copper project in north Queensland for about $19 million, unless it receives a better proposal.
Copper miner Kagara says it will vote against Copper Strike's proposedjoint venture development of the Einasleigh copper-gold-silver project in North Queensland with Chinese partners.
WA-based copper and nickel producer Kagara has reached an agreement with explorer Monto Minerals that aims to strengthen Kagara's North-Queensland copper production pipeline.
Kagara has announced the first ore production from its Lounge Lizard high grade nickel sulphide deposit thanks to a joint venture struck just eight months ago with project neighbour Western Areas.
Kagara has raised an additional $31 million after China's Guangdong Foreign Trade Group Co elected to increase its interest in the miner to 19.9 per cent.
COPPER and zinc miner Kagara will add nickel to its base metals production portfolio with its Lounge Lizard project set to produce first nickel within the next couple of months.
