CORPORATE ACTIVITY

The Foreign Investment Review Board (FIRB) has given approval to Shandong Gold Mining to acquire ASX- and TSX-listed Cardinal Resources.

Shandong in July this year increased its takeover offer for Cardinal from the 60c a share offered in June this yea…

Junior Alto Metals on Wednesday said that it would consider alternate funding arrangements after the Takeovers Panel prohibited the company from continuing with it’s A$5.1-million capital raise.

Diamond miner Lucapa has struck an agreement with its major financiers and shareholders Equigold and New Azilian, as well as the external financier for the Mothae project, the Industrial Development Corporation of South Africa, to defer some $13-millio…

ASX-listed Heron Resources has started a strategic process for its Woodlawn zinc/copper project, in New South Wales, to explore various options for the mine, including refinancing, joint venture and either a partial or complete divestment.

Operations …

Gold miner Gascoyne Resources has unveiled a A$125-million funding package to recapitalize the company.

The company on Thursday announced that it will undertake a fully underwritten institutional placement and a two-for-one accelerated pro-rata non-re…

Rare earths miner Lynas on Thursday told shareholders that it had inked a letter of agreement with Japan Rare Earths (JARE) reconfirming that company’s long-term support of Lynas.

The two companies are parties to a long-term loan facility with a balan…

Queensland-based mining personality Clive Palmer has threatened legal action against the Western Australian government should its Parliament pass extraordinary legislation that could prevent the miner from claiming damages related to the Balmoral South…

Merger and acquisition (M&A) transactions in the metals and mining sector in the second quarter of this year reached $8.86-billion, GlobalData reported on Tuesday.

The value marked an increase of 29.1% over the previous quarter and a drop of 14.4%…

ASX-listed Alto Metals has secured an additional A$1-million short-term, unsecured bridge loan facility from shareholder Harvest Lane Asset Management.

Alto said on Tuesday that the funding would allow the company to continue with its exploration work…

PERTH (miningweekly.com)- Kaolin and silica sands explorer Suva Strategic Minerals has started trading on the ASX under the ticket SUV, following a A$5-million capital raise.

The company issued 250-million shares at a price of 2c each.