Iron-ore major Fortescue Metals has reported record shipments during the fourth quarter ended June, with 47.3-million tonnes shipped in the three months under review, and 178.2-million tonnes in the full year to June.
“The entire Fortescue team has de…
Fortescue beats shipment records, sets new price for Eliwana Read More »
Copper/gold miner Sandfire Resources reported record full year production during the 12 months ended June, following a strong fourth quarter.
The miner has reported an increase in both copper and gold production for the quarter ended June, with copper…
Sandfire sets full year record Read More »
Major Rio Tinto has announced a 20% fall in net earnings and a 28% decline in free cash flows for the six months ended June, compared with the previous corresponding period.
Net earnings for the interim period reached $3.3-billion, down from the $4.1-…
Rio’s accounts hit by low commodity prices Read More »
ASX-listed Havilah Resources on Wednesday told shareholders that it was investigating the feasibility of a gold-only start-up operation at the Kalkaroo copper/gold project, in South Australia.
A 2019 prefeasibility study (PFS) estimated that the $332-…
Havilah focuses on gold at Kalkaroo Read More »
ASX-listed Alkane Resources has completed the demerger of subsidiary Australian Strategic Materials (AMS), announcing on Wednesday the in specie distribution and transfer of shares to eligible shareholders.
Alkane in May this year announced the demerg…
Alkane completes AMS demerger Read More »
Copper developer Orion Minerals has struck an agreement with South African institutional investor Anglo American sefa Mining Fund (AASMF) to extend the term of it R14.25-million loan facility from the end of July 2020 until the end of April 2021.
The …
Orion Minerals extends AASMF facility Read More »
Rare earths developer Hastings Technology Metals has reduced the capital cost expectations at its Yangibana project, in Western Australia, by some A$68-million.
The cost savings come as the company pursues a decoupled processing strategy and a relocat…
Hastings cuts costs at Yangibana Read More »
A $110-million debt facility has been secured from Taurus Funds Management, ASX-listed Galena Mining said on Wednesday.
The funding being provided to joint venture vehicle (JV) Abra Mining would consist of a $100-million term loan and a $10-million c…
$110m debt faciltiy secured for Abra Read More »
An updated feasibility study into the Hillside copper/gold project, in South Australia, has estimated that the project would require a capital investment of some A$585-million, and would produce some 35 000 t/y of copper and 24 000 oz/y gold based on …
Hillside economics updated Read More »
ASX-listed Metals X has entered into a A$26-million unsecured loan facility with Asia Cheer Trading, a subsidiary of shareholder APAC Resources Strategic Holdings.
The facility will be used to repay an outstanding facility agreement with Citibank.
Metals X secures funding to repay debt Read More »
