News Articles for Ora Banda Mining

Recently revived Eastern Goldfields has called on the Department of Mines and Petroleum to withdraw a request for $8.6 million worth of the company's bonds.

After nearly eight years of inactivity on the ASX, Michael Fotios's Eastern Goldfields could be reinstated as early as next month after announcing today its capital raising had closed oversubscribed.

Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios's investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.

Perth-based Swan Gold Mining has completed a one-for-10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $20 million and debt to equity conversion of more than $29 million.

Junior resources companies are enjoying a renewed interest for capital raisings as investors return cautiously to equity markets after a dry 2013.

Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.

SPECIAL REPORT: Poor investor sentiment and low confidence have put a crunch on capital for WA's junior miners.

WA shipbuilder Austal has advised that deputy chairman John Poynton has resigned from the board, to focus on his other business and not-for-profit work.

Long-running attempts to revive Swan Gold Mining have hit a brick wall, with the company unable to complete a planned $15 million capital raising despite boasting a high-powered board of directors.

It's an old adage that some of the biggest fortunes have been made when business conditions are at their toughest.

Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.

Long-running efforts by Michael Fotios' investment company Investmet to revive Swan Gold Mining and related companies Stirling Resources and Redbank Copper have hit a major hurdle.

A mining industry stalwart is back in the game with a metal he knows well.

MINING veteran Michael Kiernan has emerged from two years away from the limelight with a new manganese business in Indonesia, and plans for a listing on the Australian Securities Exchange next year

Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.

Just over two months after being appointed to the board of Swan Gold Mining, Marty Adams has resigned as a non-executive director.