Perth company Australian Strategic Materials is pursuing a novel contracting approach for its rare earths project, signing an engineering, procurement and construction definition (EPCD) contract.
Shares in Australian Strategic Materials were up more than 30 per cent during trading after banking its first round of funding from a cohort of South Korean investors.
Australian Strategic Materials has secured $65 million from investors while announcing plans to raise a further $41 million to build a rare earths processing facility in South Korea.
Graeme Clatworthy has resigned as executive director of Meteoric Resource, having served on the board in both an executive and non-executive capacity since November 2012.
Fortescue Metals Group today announced the appointment of former Rio Tinto executive David Woodall as its new operations director, adding to a string of changes at the top of the iron ore miner.
