Rare earths miner Lynas on Monday announced a A$425-million equity raise to fund its Lynas 2025 foundation projects, while also reporting a loss in earnings and revenue for the full year ended June.
Lynas has announced that revenue for the full year h…
Lynas sets A$425m raising target as profits fall Read More »
The latest Australian Competition and Consumer Commission (ACCC) Gas Inquiry interim report has found that Australia’s gas supply outlook will remain steady through next year despite the ongoing impact of Covid-19.
The report also confirms that gas p…
Aus gas supply steady – ACCC Read More »
Junior West Wits Mining will raise A$3.4-million from a share placement to sophisticated and professional investors to fund feasibility studies and drilling at its Witwatersrand Basin gold project, in South Africa.
The company on Friday announced tha…
West Wits raises funds for South African project Read More »
Merger and acquisition (M&A) transactions in the Australian metals and mining industry reached $681.76-million in the second quarter of 2020, new analysis from GlobalData has shown.
The value marked an increase of 1.6% over the previous quarter an…
Australian mining M&A dropped in the June quarter Read More »
Diamond miner Lucapa has struck an agreement with its major financiers and shareholders Equigold and New Azilian, as well as the external financier for the Mothae project, the Industrial Development Corporation of South Africa, to defer some $13-millio…
Lucapa defers debt repayments Read More »
ASX-listed Heron Resources has started a strategic process for its Woodlawn zinc/copper project, in New South Wales, to explore various options for the mine, including refinancing, joint venture and either a partial or complete divestment.
Operations …
Heron launches review of Woodlawn Read More »
Bauxite miner Metro Mining on Friday announced that it would bring forward its wet-season shutdown at the Bauxite Hills mine, in Cape York, as the company failed to secure offtake for the remainder of the year.
Mining is starting to wind down and ship…
Bauxite Hill shutting earlier than anticipated Read More »
Bauxite miner Metro Mining on Friday announced that it would bring forward its wet-season shutdown at the Bauxite Hills mine, in Cape York, as the company failed to secure offtake for the remainder of the year.
Mining is starting to wind down and ship…
Bauxite Hills shutting earlier than anticipated Read More »
Higher realised gold prices has seen major Newcrest Mining report a 5% increase in revenue for the full year ended June, despite a 13% drop in gold production.
The miner on Friday reported that gold production for the full year reached 2.1-million ou…
Newcrest sees profits rise on higher gold price Read More »
Mineral sands miner Iluka has seen revenues and profits decline in the six months ending June, as sales volumes for the interim period were impacted by the Covid-19 pandemic.
“Iluka has reported a solid first half result given the impact of Covid-19 o…
Iluka reports tough first half Read More »
