Straits raises A$30m, looks for new Hillgrove buyer

Gold and copper developer Straits Resources has raised some A$30-million through a share placement. The company said on Friday that it would place 48.4-million new fully paid ordinary shares to sophisticated and professional investors, at an...

Rio Tinto ups stake in Ivanhoe to 49%

Diversified miner Rio Tinto has acquired an additional 3.7-million shares in Ivanhoe Mines, increasing its shareholding in the copper developer to 49%. Rio Tinto paid C$73-million for the 0.5% additional stake.

YTC to raise $25m for NSW copper exploration programme

ASX-listed gold and copper developer YTC Resources would raise A$25-million through a share placement to fund its copper exploration programme at the Nymagee project in New South Wales, and to advance the integrated Hera-Nymagee gold/copper...

Exco opens South Australia gold mine

Gold and copper developer Exco Resources has officially opened its White Dam gold mine, in South Australia, following its first gold pour in April. Exco said in a statement on Thursday that while the project was still being ramped-up to full...

Cudeco confirms talks with Xiangguang, Sinosteel

ASX-listed copper developer Cudeco on Friday confirmed that it was in talks with Chinese companies Xiangguang Copper and Sinosteel regarding the development of its Rockland project, in Queensland. In response to queries from the ASX, Cudeco said...

Australia’s Cudeco in talks with China to develop copper project

Australian copper miner Cudeco on Wednesday confirmed that it was in discussions with various Chinese entities to develop its Rocklands project, in Queensland. In a statement, Cudeco said that its “representatives are in China at present, and...

Lumwana project now fully funded - Equinox

African copper developer Equinox has now achieved financial close on its $583,8-million Lumwana project finance debt facility, concluding all requisite funding for completion of project construction, the group reported.