Perth mining executive Michael Ruane is seeking a board spill at Empire Resources, less than two months after the gold miner was forced to restructure its board due to a push from a separate group of dissident shareholders.
A group of dissident shareholders at Empire Resources is seeking a board overhaul after requesting a general meeting to remove its three directors, including managing director David Sargeant.
Poseidon Nickel is in discussions with Empire Resources for the processing of gold ore at its mothballed Black Swan processing facility near Kalgoorlie, while Empire has secured two loan deals to help pay for essential mining costs.
Local explorer Empire Resources is set to begin operations at its Penny's Find gold project near Kalgoorlie, after contracting NRW Holdings to undertake mining operations at the open pit.
Echo Resources says it will cost just $2.9 million to bring its Julius gold project into production, while Empire Resources expects to begin mining at its Penny's Find gold project in the coming three months.
The market may be getting the jitters over commodity prices but there are still a host of resources-related floats seeking to make the most of the buoyant capital markets.
