ASX-listed junior Eagle Mountain Mining is hoping to gain an 80% interest in the Oracle Ridge copper mine, in Tucson, for $6.9-million. Eagle Mountain on Tuesday told shareholders that it was advancing discussions with the vendor, but was yet to execut…
Eagle Mountain makes a play for Oracle Ridge Read More »
The directors of takeover Azumah Resources has supported an increased offer from suitor Ibaera Capital, which has increased its offer from 2.8c a share to 3.3c a share.
Azumah on Monday said that the increased offer represented a 136% premium to the …
Azumah backs higher bid from Ibaera Read More »
Junior Metminco has struck an agreement to divest of its legacy and non-core Mollacas asset, in Chile, to a local company for $1-million.
The sale would be subject to the satisfaction of a due diligence, Metminco said on Wednesday.
Metminco sells Chilean assets Read More »
Shares of First Quantum Minerals Ltd rose as much as 17% on Thursday after an investment firm backed by Chinese state-owned Jiangxi Copper increased its stake in the Canadian miner.
Pangaea Investment Management said it had purchased six-million more …
First Quantum shares jump after Jiangxi Copper-backed firm boosts stake Read More »
Junior Jervois Mining has completed the sale of its Bullabulling gold royalty for A$3.1-million in cash to a subsidiary of Zijin Mining, which owns the gold project.
Jervious last year sold the Nyngan and Flemington royalties to Cobalt 27 Capital Corp…
Jervois sells Bullabulling royalty Read More »
ASX-listed GBM Resources has inked a heads of agreement with Stibium Mining to acquire its subsidiary Millstream Resources in exchange for 150-million fully paid ordinary shares.
Millstream holds an option to earn a 50% interest in the White Dam gold …
GBM makes a play for Millstream Read More »
Gold miner Northern Star has gained control of takeover target Echo Resources, taking a 59.3% stake in the company and disposing of three of the company’s independent directors and its MD.
Northern Star on Wednesday said that its own nominees, Ryan Gu…
Northern Star takes control of Echo Read More »
Aim-listed Beowulf Mining has increased its ownership of Kosovo explorer Vardar Minerals from 37.6% to 40.1%.
The company invested a further £115 000 in Vardar, following the board’s recent “excellent” visit to Kosovo, CEO Kurt Budge said on Monday….
Beowulf ups Vadar ownership Read More »
Total metals and mining industry deals worth $1.87-billion were announced globally in August, according to London-listed analytics and consulting company GlobalData.
The value marked a decrease of 55.2% over the previous month and a drop of 67.5% when…
Mining and metal deal value drops sharply in August Read More »
Iron-ore major Fortescue Metals has extended its on-market share buy-back programme by a further 12 months, until October 2020.
The company has also re-established the total amount of the buy-back programme at A$500-million.
Fortescue extends buy-back programme Read More »
