Mineral sands miner MZI Resources has tapped its major shareholder Resource Capital Funds for a $US5 million ($A6.7 million) debt financing deal to expand the mining area at its Keysbrook operation near Serpentine.
Shares in mineral sands miner MZI Resources were higher on news one of the company's existing offtake partners had agreed to take additional leucoxene product from its Keysbrook mine near Serpentine.
Mineral sands miner MZI Resources has announced the resignation of both its managing director and chief operating officer, while finalising a $US16 million loan deal.
Perth-based mining and exploration company Mindax will reduce its board membership from six down to four as a part of a company restructuring effort designed to minimise costs.
Mindax says it is a step closer towards developing its Mt Forrest iron ore project on the back of a binding joint venture agreement worth up to $52 million with Hong Kong-based investment company Perpetual Mining Holding.
IRON ore producers in the state's Yilgarn region are not immune from the hurdles facing producers in the Pilbara and Mid West – port capacity and access issues, transportation and infrastructure –
Rare earths project developer Arafura Resources has appointed current non-executive director and Cristal Global executive Dr Stephen Ward as its new managing director.