Sydney- and Johannesburg-listed Orion Minerals has welcomed a new black economic empowerment (BEE) member to its BEE partner company Prieska Resources. Safika Resources, chaired by Saki Macozoma, has taken a 44.72% stake in Prieska Resources, with Blac…
Saki Macozoma’s Safika enters Orion’s Prieska project fray Read More »
Diversified miner Rio Tinto has released more exploration results for its Winu copper find, in Western Australia, with its latest round of drilling intercepting copper grades of up to 0.48%.
The miner told shareholders on Thursday that results from th…
Winu continues to intrigue Rio Read More »
Mining major Rio Tinto on Thursday reported a 12% increase in underlying earnings for the first half of the 2019 financial year, on the back of strong iron-ore prices.
Underlying earnings for the half-year reached $4.93-billion, up from $4.41-billion …
Iron-ore boosts Rio Tinto’s half-year results Read More »
Mining major Rio Tinto on Thursday reported a 12% increase in underlying earnings for the first half of the 2019 financial year, on the back of strong iron-ore prices.
Underlying earnings for the half-year reached $4.93-billion, up from $4.41-billion …
Rio Tinto’s earnings rise on soaring iron-ore prices Read More »
Lithium miner Altura Mining has signed another lithium offtake agreement at its Pilgangoora project, in Western Australia.
The company has inked a binding offtake agreement with Chinese lithium materials producer Guandong Weihua Corporation for 50 00…
Altura inks another offtake Read More »
A prefeasibility study (PFS) for the King of the Hills gold project, in Western Australia, has estimated a capital cost of A$218-million to develop an openpit mine supporting a long-term bulk mining operation.
Underpinned by a maiden openpit mineral r…
King of the Hills primed for openpit mining – Red 5 Read More »
Gold explorer Spectrum Metals will raise A$7.25-million to fund exploration work at its Penny West and Penny North gold project, in Western Australia.
The company on Thursday said that it had received firm commitments from institutional and sophistica…
Spectrum raises A$7m for exploration Read More »
Base metals miner New Century Resources is hoping to raise A$42.5-million through a fully underwritten share placement to institutional and sophisticated investors, to fund the continued refurbishment and ramp-up of its Century Zinc mine, in Queensland…
New Century sets raising target of A$42.5m Read More »
The share price of gold miner Northern Star took a tumble on Thursday after the company revealed it would spend a record A$76-million on its exploration budget for the 2020 financial year, along with a further A$116-million of expansionary capital.
Th…
Northern Star sets record exploration budget Read More »
ASX-listed Mineral Resources has amended its agreement with New York-listed Albemarle Corporation over the Wodgina lithium project, in Western Australia.
The two companies in December of last year struck a $1.15-billion agreement under which Albemarl…
New deal struck over Wodgina project Read More »
