UCL rejects Minemakers' increased offer

The board of ASX-listed UCL Resources on Wednesday advised shareholders to reject the improved offer from joint venture (JV) partner Minemakers. Earlier this week, Minemakers upped its share offering from 9 to 13 shares for every 10 UCL share held.

Minemakers reigns in Indian speculation

ASX- and TSX-listed phosphate developer Minemakers on Monday clarified media speculation in India regarding the sale of an equity stake in its Wonarah project to Indian heavyweight NMDC Limited. Executive chairperson Andrew Drummond said that...

UCL's shareholders reject offer, Minemakers still positive

Takeover target UCL Resources on Friday reported that its largest shareholder Twynam Agricultural Group, and its fourth-largest shareholder Donwillow would not accept the unsolicited takeover offer by fellow listed Minemakers. Earlier this month,...

Minemakers bids for Sandpiper JV partner UCL

Phosphate developer Minemakers said on Monday it was proposing to buy the outstanding shares in ASX-listed joint venture (JV) partner UCL Resources through an off-market takeover bid. Minemakers and UCL are jointly developing the Sandpiper...

EIA submitted for Namibia marine phosphates project

ASX- and TSX-listed Minemakers has submitted a draft environmental-impact assessment (EIA) and draft environmental management plan (EMP) for the marine component of its proposed Sandpiper phosphate project, in Namibia. The report, lodged with the...

Minemakers raises A$15m for phosphate project

Phosphate developer Minemakers has secured a A$15-million equity facility to assist in the feasibility and development work on its project in Namibia. The ASX- and TSX-listed company would issue shares to institutional investor Haverstock Fund...

Minemakers granted licence for Namibia phosphate project

ASX-listed Minemakers and its joint-venture (JV) partners have been granted a 20-year mining licence for the Sandpiper phosphate project, in Namibia. The company said on Friday that it had been issued with a notice of preparedness to grant the...

Minemakers partners with NMDC to develop phosphate project

ASX-listed Minemakers has signed a non-binding memorandum of understanding (MoU) with India’s National Mineral Development Corporation (NMDC) to develop the Wonarah phosphate deposit, in the Northern Territory. The signing of the MoU confirmed...

Clancy forms Tasmania exploration JV with Minemakers

Australian mining companies, Clancy and Minemakers subsidiary TNT, on Wednesday established a joint venture (JV) to advance exploration efforts in Tasmania. Initial exploration modelling carried out by Clancy on the two tenements covered by the...

Minemakers to list Tasmania tin/tungsten assets on ASX

ASX-listed Minemakers on Wednesday announced that it would spin off its Tasmanian assets into a separately listed company called TNT Mine, and would seek to raise A$10-million through an initial public offering (IPO). TNT would hold the tin and...

BCD secures funding for Tasmania mine

BCD Resources on Monday resumed share trading on the ASX after it confirmed new funding arrangements which would allow its Tasmania mine to work through the current loss-making period and return to profitability. BCD has restructured its existing...

Minemakers announces new loan agreement with BCD

Australia’s Minemakers said on Thursday that it had reached an agreement with BCD Resources regarding a restructured loan agreement. Last week, ASX-listed Minemakers reported that its loan agreement with BCD was in jeopardy, as the two...