The recently renamed Avenira is finally realising its potential to become a supplier of phosphate, ticking off a decision to mine at its project in West Africa.
Perth company Minemakers has struck a deal with an African investor that will deliver new funding of $28 million for its Baobab phosphate project in Senegal.
Richard Block has been appointed as non-executive chairman of Minemakers, following theresignation of Andrew Drummond. Mr Block has been a non-executive director of
Once seen as an attractive capital source for Australian companies, regulatory hurdles in Canada combined with depressed global markets have dampened enthusiasm for dual listings.
USA-based investment house Vulcan Phosphates has emerged as Minemakers' major shareholder, after investing more than $2.5 million in the Perth-based explorer.
Subiaco-based Balamara Resources has secured listed West Perth phosphate company Minemakers and Indian fertiliser producer Deepak Fertilisers and Petrochemicals Corporation as strategic partners in
UCL Resources has flipped the script on hostile suitor Minemakers, launching a $US50 million counter takeover bid for the Perth-based minerals explorer.
Minemakers has launched an off-market, all-scrip takeover bid for its joint venture partner UCL Resources, which values the target at around $23 million.
Australian Minerals and Mining Group says it has reached agreement to acquire Minemakers' 80 per cent stake in the West Southdown iron ore project near Albany.
BCD Resources, the owner of Tasmania's Beaconsfield gold mine, has found a consortium of shareholders and lenders to provide the company between $6 million and $10 million to stave off administration again.
West Perth-based Minemakers has given BCD Resources, the owners of Tasmania's Beaconsfield Gold Mine, an extra 48 hours to find new funding so it can continue to operate.
Minemakers has entered into a port access agreement with the Darwin Port Corporation for its $100 million Wonarah phosphate project in the Northern Territory.
Phosphate hopeful Minemakers has gained control of takeover target Bonaparte Diamond Mines, which is still assessing another offer made by Union Resources.
West Perth-based Bonaparte Diamond Mines has recommended shareholders accept Minemakers all-scrip takeover offer after an independent expert deemed the offer fair and reasonable.
Minemakers expects to partner up with a foreign firm to develop an iron ore operation in the south of the state, after today exercising an option to purchase 80 per cent of the project.
Investors trying to pick the next big thing in the resources boom poured their money into a diverse group of Western Australian companies last year, including iron ore, coal and phosphate stocks.
West Perth-based base metals explorers Minemakers Ltd has raised around $2.6 million before costs through a renounceable rights issue, planning to use the funds to speed up exploration and development of its projects.
