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Oil Search looks to raise A$1.1bn |
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By: Esmarie Iannucci Oil and gas major Oil Search is hoping to raise some A$1.1-billion to assist the company in retaining liquidity during the low oil-price environment. The equity raising will
consist of an underwritten institutional placement to raise an initial A$760-million, and an accelerated...  |
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Newcrest establishes Covid-19 fund |
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By: Esmarie Iannucci Gold miner Newcrest Mining has established a A$20-million community support fund to assist host communities during the Covid-19 pandemic. The miner on Tuesday said that a
portion of the fund would go towards vaccine research, while around half of the fund will be dedicated to assisting Papua New... |
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Gold Road targets A$26m exploration spend |
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By: Esmarie Iannucci Gold miner Gold Road Resources has set an exploration budget of A$26-million for the 2020 financial year, with the miner saying on Tuesday that it’s the majority of this work
would be geared towards discoveries on the Yamarna belt, in Western Australia. Gold Road holds 4 500 km2 of land position... |
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Golden Investment's stake in Stanmore jumps |
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By: Esmarie Iannucci Takeover target Stanmore Coal has again urged shareholders not to take any action in relation to a takeover offer from suitor Golden Investments, after its shareholding in the
company increased from just over 31% to around 51%. Golden Investment last week launched a takeover bid for Stanmore,... |
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Pure's Tech hub proves economical |
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By: Esmarie Iannucci An updated prefeasibility study (PFS) into the Townsville Energy Chemicals Hub (Tech) project, in Queensland, has confirmed its potential to deliver excellent economic results
while remaining financially robust in a downward price cycle. Owner Pure Minerals noted that the Tech project will... |
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Marketing deal signed for New Elk coal |
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By: Esmarie Iannucci ASX-listed Allegiance Coal has finalised a sale and marketing agreement with M Resources Trading over the coal produced at its New Elk mine, in Colorado. The agreement provides
for an exclusive global sales and marketing arrangement spanning five years, with M Resources’ marketing fees to be... |
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Newcrest pulls out of GFG’s Wyoming project |
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By: Creamer Media Reporter Australian miner Newcrest has withdrawn from the option and earn-in agreement for the Rattlesnake Hills gold project, in Wyoming, US, TSX-V-listed GFG Resources has said.
Since September 2018, Newcrest has invested $5-million in exploration expenditures on the project, which included more than 4... |
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Dazzler resource increases by 50% |
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By: Esmarie Iannucci ASX-listed Northern Minerals has reported a 50% increase in the mineral resource estimate for the Dazzler rare earths deposit, at its Browns Range project, in Western
Australia. The deposit is now estimated to host 214 000 t of ore, grading 2.33% total rare earth oxide for five-million kilograms... |
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Blackstone signs share deal with EcoPro |
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By: Esmarie Iannucci Junior Blackstone Minerals has inked a share purchase agreement with Korea’s largest nickel-rich cathode materials manufacturer EcoPro, which will result in a A$6.8-million
investment into the ASX-listed company. Under the purchase agreement, EcoPro would acquire 40-million shares in Blackstone... |
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Africa Mining Pip 2020 (First Edition) - PDF Report |
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 Africa is endowed with abundant natural resources; however, while mining prospects are
undeniably very positive across the continent, opening and operating a mine comes with a set of fairly unique risks. Conducting business in Africa includes challenges such as relatively fluid regulations,... |
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