ASX-listed Magnetite Mines will raise A$5.65-million through a one-for-four renounceable rights issue, priced at 1c a share.
The offer price represented a discount of 29% to the company’s last closing price on August 28, and a 27% discount to its ten…
Magnetite shakes the tin for Razorback Read More »
Metals miner Independence Group has struck an agreement with ASX-listed junior Boadicea Resources for the conditional sale of nine Fraser Range tenements at a potential sales price of A$57-million plus royalties.
The transaction will include a A$5.5-…
IGO to spend A$57m on Fraser Range tenements Read More »
The Queensland Resources Council (QRC) has again called on the state government to commit to a decade of royalty rate stability in order to foster investment in the sector post Covid-19.
The industry has also called on the government to “dramatically …
QRC calls for royalty stability Read More »
Diversified miner BHP has appointed Christine O’Reilly to the board as an independent non-executive director, effective October 12.
Ms O’Reilly is currently a Non-executive Director of Stockland, Medibank Private, Transurban Group and CSL.
BHP adds to its board Read More »
Iron-ore major Fortescue Metals has received approval to increase its material handling capacity at its Herb Elliot port facility from 175-million tonnes a year to 210-million tonnes a year, on a staged basis.
The company said on Friday that the revi…
Fortescue gets approvals to increase exports Read More »
Major BHP has made further moves to reduce its greenhouse gas (GHG) emissions, awarding the world’s first liquefied natural gas (LNG) fuelled bulk carrier tender to Eastern Pacific Shipping (EPS)
The five-year time charter contract would see five LNG…
BHP turns to LNG to ship iron-ore Read More »
Diversified miner Glencore is weighing the business case for its Mt Isa copper smelter and its Townsville refinery.
A spokesperson for the company on Friday said that the assets were facing significant international competition and high fixed costs i…
Glencore reviewing Australian smelter Read More »
US oil and gas major Chevron on Wednesday said that it would need additional time to complete repairs of propane heat exchangers on the second train at its Gorgon liquefied natural gas (LNG) project at Barrow Island.
Weld quality issues were discovere…
Chevron delays Gorgon Train 2 restart Read More »
Junior Magnetic Resources will raise A$7.1-million through a share placement to fund exploration and prefeasibility study work at its gold projects in Western Australia.
The company on Thursday said it would place some 5.2-million shares, at a price o…
Magnetic raises funds for gold projects Read More »
Gold major Newmont on Thursday said that it would only look to advance its exploration projects to development by the end of the decade.
Speaking at the Mines and Money Online Connect virtual conference, Newmont president and CEO Tom Palmer noted that…
Newmont only needs ‘mega’ growth projects by end of decade Read More »
