News Articles for MZI Resources

There have been 32 insolvency appointments to Western-Australian-incorporated companies in the last six weeks.

Zenith Energy has closed its share purchase plan with applications totalling $220,000 of the total $5 million that was offered.

There have been 37 insolvencies announced of WA-registered companies in the past 21 days.

McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.

Andrew Penkethman has been appointed chief executive of Ardea Resources.

Our daily board moves wrap includes Martin Purvis, Kevin Small and Dane Etheridge.

Three struggling locally-based miners, including MZI Resources and Thundelarra, have announced the departure of their top executives.

MZI Resources has decided to explore the sale of its Keysbrook mineral sands mine after recurring technical setbacks left the company saddled with high debt.

Mineral sands miner MZI Resources has announced the completion of upgrades at its Keysbrook operation, while also outlining delays in the project and attempts to seek waivers from some conditions of an $80 million debt funding package.

Mineral sands miner MZI Resources has announced a new $US61 million ($80 million) debt funding package with major shareholder Resource Capital Fund to continue development at its Keysbrook operation near Serpentine and facilitate debt restructuring.

OPINION: Lithium and gold are among the minerals proving there's life for resources outside the north-west.

Mineral sands miner MZI Resources will spend $5 million to significantly upgrade the output capacity of its Keysbrook operation near Serpentine, which has been underperforming since it came online in 2015.

A Singaporean group that holds about a 5 per cent stake in Troy Resources has called for a meeting to seek the replacement of the gold miner's board members with its own nominees.

David St Denis has been appointed chief operating officer of Admedus. He succeeds Julian Chick, who has resigned from the company.

Mineral sands miner MZI Resources has tapped its major shareholder Resource Capital Funds for a $US5 million ($A6.7 million) debt financing deal to expand the mining area at its Keysbrook operation near Serpentine.

Martin Purvis is leaving his post as managing director and chief executive of Troy Resources to take on the same responsibilities at mineral sands miner MZI Resources, following Trevor Matthews' resignation in November.

Shares in mineral sands miner MZI Resources were higher on news one of the company's existing offtake partners had agreed to take additional leucoxene product from its Keysbrook mine near Serpentine.

Former MZI Resources managing director Trevor Matthews has been named chief executive of local graphite hopeful Volt Resources.

Mineral sands miner MZI Resources has announced the resignation of both its managing director and chief operating officer, while finalising a $US16 million loan deal.

Former Calibre Group boss Rodney Baxter has been named chairman of mineral sands miner MZI Resources, following Malcolm Randall's retirement from the role today.

John McGloin and Alex Davidson, who were formerly directors of Amara Mining, have been appointed as non executive directors of Perseus Mining.

The Keysbrook mineral sands mine has had its lifespan almost trebled after a sharp increase in ore reserves, miner MZI Resources said today.

Mineral sands producer MZI Resources has announced a letter of intent for a trial shipment to a Chinese chloride pigment producer, the day after it hit nameplate capacity at its Keysbrook facility.

SPECIAL REPORT: With a mere handful of projects under construction, it's what is in store for the future that has everyone guessing. Click through to also see our list of WA mining projects.

MZI Resources has officially achieved first production at its Keysbrook mineral sands project near Serpentine, three weeks ahead of schedule.

MZI Resources will raise up to $45 million to repay loans and fund ongoing work, as its Keysbrook mineral sands project moves into production.

MZI Resources is set to begin operating its $70 million Keysbrook mineral sands project near Serpentine, with development work due to wrap up next week.

MZI Resources says development of its flagship Keysbrook mineral sands project near Serpentine is on track at 44 per cent completion as of the end of March, with first sales on schedule for early 2016.

GR Engineering Services has recorded a reduction in net profit after tax despite substantially higher revenues during the first half of the financial year.

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

Peninsula Energy has secured $69.4 million in fully underwritten institutional funding for its Lance projects in Wyoming, enabling the company to transition to a uranium producer in 2015.

GR Engineering Services executive chairman Joe Ricciardo will step into a non-executive chairmanship role from the beginning of next year, after completing the handover of managerial control to managing director Geoff Jones.

The board of MZI Resources has approved the development of its flagship Keysbrook mineral sands project near Serpentine.

MZI Resources has signed a deal to sell most of the high value titanium dioxide production from its Keysbrook mineral sands project to US-based DuPont Titanium Technologies, and is still looking for a buyer for the balance.

Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.

Paladin Energy has launched a $205 million recapitalisation plan, designed to fund it until midway through 2016, which has won the backing of China-focused private equity firm HOPU Clean Energy.

Belmont-based GR Engineering Services has executed a conditional $54.6 million contract to provide engineering procurement and construction works at MZI Resources' planned Keysbrook mineral sands project near Serpentine.

Mineral sands explorer MZI Resources is one step closer to production following shareholders approving a $US110 million debt and equity package today.

Perth-based mining explorer MZI Resources says development and operational costs at its Keysbrook mineral sands project will be higher than initially expected.

MZI Resources will start construction within months on its Keysbrook mineral sands project in Western Australia after securing a US$64 million debt facility to help fund the development.