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CORPORATE ACTIVITY

Aurora Oil & Gas board recommending A$1.8bn Baytex offer

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The board of ASX- and TSX-listed takeover target Aurora Oil & Gas has put its weight behind a takeover offer from Canada’s Baytex Energy Corporation. In February, Baytex launched a A$1.8-billion takeover offer for Aurora, offering shareholders...
15th April 2014
 
 
POTASH

IC Potash gets green light for New Mexico SOP project

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Potash project developer IC Potash (ICP) has received notice that the US Department of the Interior’s Bureau of Land Management (BLM) had published a record of decision (ROD) approving its plans to build and operate its sulphate of potash (SOP)...
15th April 2014
 
 
MINING FUNDS

Aureus to raise £15.6m

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Aim- and ASX-listed Aureus Mining on Tuesday entered into an underwriting agreement with GMP Securities, Clarus Securities and Numis Securities to sell 33.4-million shares at £0.27 apiece to raise £9-million gross proceeds. The company also...
15th April 2014
 
 
MINING & ICT

Exxaro implements output management solution for maintenance

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Mining group Exxaro has tasked integrated information and communications technology solutions and services provider Datacentrix with rolling out a document management system for plant maintenance. The mining group, in line with Department of...
15th April 2014
 
 
DEBT FINANCING

First Quantum inks, draws down $2.5bn loan

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Base metals miner First Quantum Minerals on Tuesday reported that it had signed and drawn down on its $2.5-billion five-year term loan and revolving facility. The facility consisted of a $1-billion term loan facility with a margin of 2.75%,...
15th April 2014
 
 
COPPER/GOLD

Oz ups copper production in March Q

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ASX-listed Oz Minerals on Tuesday reported an increase in copper production for the three months to March, as productivity improvement measures at its Malu openpit operation, at the Prominent Hill mine, took effect. During the quarter, Oz...
15th April 2014
 
 
EXPLORATION

Apollo shareholders agree to HPX deal

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The shareholders of junior Apollo Minerals have approved a strategic alliance with High Power Exploration (HPX) to explore for base metals at a new iron-ore copper gold frontier, in South Australia. At an extraordinary general meeting, Apollo...
15th April 2014
 
 
GAS

Development of UCG industry gains momentum as govt reveals policy stance

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Majuba Regulations governing the application for and awarding of prospecting rights and mining rights for underground coal gasification (UCG) in South Africa have been included in the Mineral and Petroleum Resources Development Act (MPRDA) Amendment...
15th April 2014
 
 
 
 
 
 
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