Updated 2 hours 9 minutes ago
ASX-listed developer Kin Mining on Friday announced the potential of a near-term production opportunity at its recently acquired Leonora gold project, in Western Australia.
The company told shareholders that following the interrogation of the Leonora database, the company has identified... →
Updated 3 hours ago
Uranium developer Vimy Resources, previously known as Energy and Minerals Australia, has reported a 60% increase in the resource estimate at Princess deposit, at its Mulga Rock uranium project in Western Australia.
The Princess deposit is now estimated to host a resource of 3.8-million tonnes,... →
Updated 4 hours ago
Iron-ore miner BC Iron and fellow-listed Mineral Resources have amended the terms of the existing Iron Valley iron-ore sales agreement, in an effort to negate the declining market conditions.
Mineral Resources signed the initial Iron Valley agreement with Iron Ore Holdings (IOH) in February last... →
Updated 4 hours ago
Oil and gas major Santos has secured an additional $1-billion bilateral bank loan facility, to enhance the company’s liquidity profile and financial flexibility.
CFO Andrew Seaton said that the new three-year facility further strengthened the company’s conservative liquidity profile. →
Updated 5 hours ago
Junior gold developer Blackham Resources was hoping to start production at its 4.4-million ounce Matilda project, in Western Australia, by the end of 2015, pending financing.
The company reported on Friday that discussions were ongoing with a number of potential funders which have expressed... →
Unlisted Piran Resources has produced its first tin concentrate from the Musha and Ntunga mines, in Rwanda.
This initial production was sourced from reprocessing of tailings dumps from previous mining operations. →
Falling commodity prices have forced the Queensland government to slash nearly a A$1-billion from forecast state revenues for 2014/15.
Treasurer Tim Nicholls on Thursday revised the full year revenue from t he previous A$50.1-billion to A$49.1-billion, to reflect the weaker outlook for coal... →
The share price of South Africa-focused gold miner Mintails dropped by nearly 22% on Thursday on news that the company was failing to make its production targets.
Mintails told shareholders on Thursday that the company’s openpit operational performance had been impacted by the failure of the... →
Nickel miner Poseidon Nickel on Thursday extended the expected completion date of the Black Swan operation, from the end of this calendar year until March next year.
However, MD and CEO David Singleton said that the extension to the completion deadline would not change Poseidon’s overall... →
The gloves have come off in the battle between ASX-listed KBL Mining and its creditor Kidman Resources, with KBL on Thursday launching legal proceedings against Kidman in the New South Wales Supreme Court.
Earlier this month, Kidman issued an event of default on a A$12.6-million debt, which was... →