Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio
Mining veteran Milan Jerkovic is taking the reins at embattled gold producer Blackham Resources, which has negotiated a standstill agreement on a $14 million debt repayment due this week and plans to ask shareholders to contribute $36 million of new capital.
NRW Holdings is in line to receive a $111 million contract for work on OZ Minerals' Carrapateena gold-copper project in South Australia, which today was given the green light for development.
Saracen Mineral Holdings has named private company Byrnecut as its preferred contractor for a contract, valued at $440 million, for underground mining services at its Carosue Dam gold operation north of Kalgoorlie.
Peter McBain has stepped down as chief executive of mining and civil contractor Brierty after a series of financial and operational setbacks, and will be replaced by the company's chief operating officer.
Blackham Resources have identified a new source of high grade gold accessible from their existing underground infrastructure just 30m away at the Matilda Gold project in Wiluna. Latest results include 3.47 grams per tonne gold from 104m deep, 6m @ 8.99 g/t from 119m, 19m @ 6.71 g/t from 128m, 18m @ 4.88 g/t from 181m and 5m @ 10.8 g /t from the 134m mark.
PYBAR Mining Services is positioning itself to take on the two dominant contractors in underground mining, after making two acquisitions in Western Australia and being named as preferred contractor for a new mine.
