Junior Aura Energy has inked a C$4.5-million funding term sheet to create a joint venture (JV) vehicle with TSX-listed Chilean Metals for its gold, base metals and battery metal tenements in Mauritania.
Chilean will pay the C$4.5-million in four sche…
Aura eyes Mauritanian JV with Chilean Metals Read More »
The Queensland government on Tuesday awarded the first A$4-million installment of a A$10-mllion plan to boost exploration in the state, dividing the funding among 24 explorers.
“Queensland has managed the health response to Covid-19 well, and now we a…
Qld funds exploration hunt Read More »
Climate change and natural disasters, as well as commodity price risks were topping the list of concerns for Australian miners, a new report by KPMG has found.
KPMG partner and mining risk specialist Caron Sugars said on Tuesday that profound changes …
Risky business for Australian miners Read More »
Major Rio Tinto has unveiled a maiden 503-million-tonne inferred mineral resource estimate at its Winu copper/gold project, in Western Australia, grading 0.45% copper. The miner on Tuesday said that the resource estimate included a higher-grade compone…
Rio announces maiden resource at Winu Read More »
Oil and gas developer Cairn Energy has struck a deal with Russian producer LukOil to divest of its 40% interest in the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal, for a cash consideration of u…
Cairns inks Russian deal for Sangomar Read More »
Brazilian major Vale has agreed to contribute up to $500-million of a $900-million working capital funding package as part of a possible divestment of its 95% interest Vale Nouvelle-Caledonie (VNC), which owns the Goro nickel and cobalt mine, in New Ca…
Vale puts funding towards Goro discard Read More »
The Queensland Resources Council (QRC) has urged the state government to take a leaf out of the Western Australian government’s playbook to ensure its economic revival.
The urging comes after the Western Australian state government over the weekend u…
Qld urged to follow WA model Read More »
The share price of ASX-listed Karoon Energy increased by more than 11% on Monday as the company announced plans to continue its investment in Brazil, and to amend the sale and purchase agreement (SPA) of the Bauna field, in the Santos basin.
Karoon to…
Karoon sticks to plans in Brazil Read More »
Rare earths miner Lynas has inked a contract with the US Department of Defence (Dod) for Phase 1 work on a US-based heavy rare earths separation facility.
The DoD in April this year told Lynas of its intent to award a Phase 1 contract for the separati…
Lynas signs contract with US Department of Defence Read More »
Takeover target Cardinal Resources has backed an increased offer from suitor Shandong Gold Mining, which was offering shareholders 70c in cash for each share not already owned.
Shandong recently increased its bid for the ASX and TSX-listed Cardinal fr…
Cardinal urges acceptance of Shandong Gold offer Read More »
