Private investment group Viburnum Funds has acquired a majority shareholding in Henderson-based Cranecorp Australia in a deal believed to be worth about $50 million.
Chalice Gold Mines chairman Tim Goyder has sold 20 per cent of his shareholding in the company to accommodate strong demand for shares in this week’s $30 million capital raising.
Gold explorer Middle Island Resources has received commitments to raise $4 million under a share placement, with the proceeds to fund continued drilling at the company’s Sandstone project in Western Australia.
Chalice Gold Mines has taken advantage of a strong rally in its share price to kick off a $30 million capital raising through brokers Bell Potter Securities and Euroz Securities.
Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.
Shares in Valmec have risen by more than 13 per cent today after the Kewdale-based contractor announced new work with Water Corporation and Newmont Mining Services, totalling $23 million.
Gold explorers Great Southern Mining and Fraser Range Metals have launched new capital raisings today, with the proceeds to fund exploration programs in Western Australia and NSW.
UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.
St George Mining has launched a new capital raising to secure further funding for its Mt Alexander nickel-copper sulphide project in Western Australia, with the next major drill program to begin this month.
Apollo Consolidated is selling a portion of its interest in two overseas gold projects, with the proceeds to fund drilling and development studies on its Lake Rebecca project in Western Australia.
Rio Tinto has established an internal team to lock in some of the unexpected efficiency gains it has achieved during COVID-19 restrictions, the group’s iron ore chief executive Chris Salisbury has told Business News in a video interview.
An Association of Mining & Exploration Companies survey has found that 74 per cent of Australian mineral exploration companies have ceased, or dramatically decreased, their exploration operatio
The Chinese conglomerate behind Pilbara magnetite ore mine Sino Iron has said the operation reported a profit for the first time since it started up in 2013, after higher iron ore prices lifted revenue 15 per cent.
West Perth-based Predictive Discovery has received commitments to raise up to $6.9 million from a share placement and is seeking to raise up to a further $2.1 million to progress its gold discovery in Guinea.
AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.
Engineering contractor Monadelphous has disclosed multiple problems across its operations, with supply chain issues causing delays on large projects, and contract disputes and low profits forcing a restructure of its water infrastructure business.
Perth-based Australian Potash has sought further funding for its Lake Wells project in Western Australia after announcing a $5.15 million capital raising.
Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.
IGO is expecting a strong finish for the 2020 financial year after posting an increase in quarterly production for all metals at its Nova mine, including a record copper output.
Auteco Minerals is set to proceed with further exploration of its recently acquired Pickle Crow gold deposit in Canada’s Ontario province after the company gained financial backing from international and Australian institutional investors.
West African Resources has acquired a gold deposit located near its existing Sanbrado project in Burkina Faso, with the Subiaco-base company to pay up to $US45 million ($A69 million) in staged payments.
Saracen Mineral Holdings has posted record gold production for the March quarter, while fellow miner Northern Star Resources said today it expected a strong improvement after operations were hit by COVID-19 restrictions.
Gold junior De Grey Mining is raising $31.2 million from a share placement to continue exploring its Mallina project in the Pilbara, with a focus on the recently announced Hemi discovery.
Mineral Resources today said COVID-19 has had minimal impact on its mining operations but has downgraded its forecast iron ore shipments for the full financial year, due to weather conditions having affected its Koolyanobbing operations.
Western Areas says it remains on track to meet its full-year production guidance after reporting steady nickel production and sales over the March quarter along with a healthy financial position.
Rio Tinto will spend $9.2 million exploring Antipa Minerals’ Citadel project in Western Australia this year, following a review of the joint venture agreement that considered the impacts of COVID-19.
