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Mongolia to issue $1bn in bonds to help ease cash shortfall

By: Reuters     Updated 6 minutes ago Mongolia plans to issue a $1-billion debt offering to put its fiscal affairs back in order, it said on Thursday, as it tries to ride a wave of good will that arose from a $6-billion deal with global miner Rio Tinto for its giant Oyu Tolgoi copper mine. According to a statement from Thursday's... 

Atlas Iron boosts Pilbara resource

By: Esmarie Swanepoel     Updated 9 minutes ago Iron-ore miner Atlas Iron has reported a 25% increase in the total mineral resource at its Corunna Downs project, between its Mt Webber and McPhee Creek projects, in the Pilbara. The resource increase followed on from a maiden inferred mineral resource for the Glen Herring deposit, which was... 

Bookbuild shows ‘strong support’ for Cowal acquisition – Evolution chair

By: Esmarie Swanepoel     Updated 53 minutes ago Gold miner Evolution Mining on Friday completed the institutional component of its accelerated renounceable entitlement offer, raising A$172-million to assist in funding the acquisition of the Cowal mine, in New South Wales. The institutional entitlement offer formed part of the larger... 

 Bookbuild shows ‘strong support’ for Cowal acquisition – Evolution chair
Evolution is buying the Cowal mine from Barrick Gold for $550-million.

Auctus offer for Mungana ‘not fair’ – independent expert

By: Esmarie Swanepoel     Updated 59 minutes ago An independent expert has supported ASX-listed Mungana Goldmines’ decision not to accept a takeover offer from Auctus Chillagoe. Auctus launched its 13.5c-a-share offer for all the issued shares in Mungana in April, arguing that the offer gave Mungana shareholders certainty of value and liquidity. 

Fertoz mulling growth options at Canada phosphates project

By: Esmarie Swanepoel     Updated 1 hour 20 minutes ago ASX-listed Fertoz is considering a number of growth options at its Wapiti phosphate project, in British Columbia, to increase output. A May scoping study indicated that C$2.7-million would be required to develop Stage 1 of the project, which would access resources from a 7-m-deep openpit to... 

Syrah publishes feasibility study for Mozambique graphite project

By: Esmarie Swanepoel     Updated 1 hour 26 minutes ago A feasibility study has estimated that the Balama graphite project, in Mozambique, would require a capital investment of some $138-million to deliver a 380 000-t/y operation. Project owner Syrah Resources on Friday announced that based on the current maiden Joint Ore Reserves... 

Botswana's Okavango diamond sales fall 20%

By: Reuters     Updated 1 hour 35 minutes ago Botswana's Okavango Diamond Company (ODC) sold 1.02-million carats worth $193-million in the five months to May, 20% less than the same year-ago period due to a weaker market and lower output, the firm said on Thursday. State-owned ODC, which has held four tenders in 2015, is expected to sell 14%... 

Flow-through share scheme a major source of funds for Canadian juniors in challenging market

By: Henry Lazenby     Updated 2 hours 11 minutes ago The challenging global capital marketplace has seen the junior mining exploration sector struggle to obtain the funds it needs to look for and find the mineral deposits that will become tomorrow’s new major mines. However, if it were not for Canada’s innovative flow-through share tax incentive,... 

Flow-through share scheme a major source of funds for Canadian juniors in challenging market


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