All articles by Satarupa Bhowmik
Satarupa Bhowmik
Gascoyne Resources unveils $50m recapitalisation package
This package includes a $26.3m equity raise, a $2.5m loan from Delphi, and a $21.3m investment from Tembo Capital.
URA concludes purchase of South Africa’s Gravelotte emerald mine
Operational between 1929 and 2002, Gravelotte produced around 113 million carats of emeralds.
Integra Resources and Millennial Precious Metals agree on merger
According to the agreed terms, Millennial shareholders will get 0.23 of an Integra common share for each share held.
Rio Tinto venture Nuton to invest another $30m in McEwen Copper
Upon closing, Nuton will have a 14.2% stake in McEwen Copper while McEwen Mining will hold a 51.9% interest.
Catalyst to merge with Canada’s Superior Gold
This merger will help Catalyst gain access to the Plutonic gold mine in Western Australia.
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SolGold closes merger with Canada’s Cornerstone Capital Resources
Upon deal completion, Cornerstone becomes SolGold’s wholly owned subsidiary.
BHP mulls reducing NSW coal mine life over domestic reservation scheme
This comes after NSW government’s mandate of requiring coal producers to reserve 10% of their output for domestic use.
Beacon Minerals to acquire 19.82% stake in Maximus Resources
The deal involves the acquisition of 63.2 million shares from shareholder Pantoro.
Osino secures environmental approval for Namibian gold project
A pre-feasibility (PFS) study found the Twin Hills mine to have a 13-year open-pit mine life.
Zimbabwe bars raw lithium export to capitalise on price surge in global market
It is being estimated that the smuggling to South Africa and the UAE is costing Zimbabwe nearly $1.8bn in lost mining earnings.