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By: Esmarie Swanepoel Updated 4 minutes ago Graphite developer Syrah Resources on Monday announced a A$211-million capital raise the fund the development of its Balama project, in Mozambique. The company would raise the funds through an institutional placement and pro-rata renounceable entitlement offer, which have both been fully... →
By: Esmarie Swanepoel Updated 29 minutes ago Copper developer Straits Resources has inked a binding agreement with lender Standard Chartered Bank (SCB) and Asian investment firm PAG subsidiary PAG SPV to restructure its debt. Under the terms of the agreement, Straits’ $111-million outstanding debt with SCB would be reduced by more than 50%... →
By: Esmarie Swanepoel Updated 52 minutes ago Diggers & Dealers forum chairperson Nick Giorgetta has called on the Australian mining industry to educate the broader community on the positive contribution being made by mining, in an effort to influence policy makers. Speaking on the first day of the Diggers & Dealers conference, Giorgetta... →
By: Esmarie Swanepoel Updated 1 hour 21 minutes ago The Stage 1 prefeasibilty study (PFS) into the Gruyere gold project, in Western Australia, has selected a 7.5-million tonne a year throughput rate as the most effective, giving the project a potential mine-life of between 10 to 15 years. The Stage 1 PFS also selected gas-fired power generation... →
Over the last 15 years, the value of Western Australia’s top 100 listed companies has grown by 290%, to some A$131.9-billion, advisory firm Deloitte reported on Monday. Ahead of the annual Diggers & Dealers conference, Deloitte released its 15th anniversary edition of the Western Australian... →
By: Henry Lazenby Onshore and offshore oil and gas industry veteran Roderick Keith MacLeod has been appointed as the new chairperson for the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB), which is responsible for the regulation of petroleum activities in the Nova Scotia offshore area. Canada’s Minister of... →
By: Henry Lazenby Canada’s Potash Corporation of Saskatchewan (PotashCorp) on Thursday reiterated its intentions to buy German rival K+S, saying it was prepared to make binding commitments to motivate its target’s management, which had so far rebuffed the unsolicited offer. PotashCorp president and CEO Jochen... →
By: Henry Lazenby West Africa-focused gold producer Endeavour Mining has increased its second-quarter profit on the back of sharply lower costs and record output, despite a lower average realised price for the yellow metal. The Vancouver-based company with four operating gold mines in Côte d’Ivoire, Ghana, Mali... →