Albidon suspends operations at Munali indefinitely

Base metals miner Albidon’s difficulties deepened on Friday, as it suspended operations at its Munali nickel mine, in Zambia. The company said in a statement that it was experiencing "serious cash flow difficulties" as the Munali operation...

Whitehaven refinances debt

Coal miner Whitehaven Coal has refinanced its existing syndicated bank facility with a series of long-term bilateral facilities to provide the company with an additional A$350-million for working capital. “We are very pleased with the...

Daily podcast – February 5, 2010

Gold One plans to change its primary listing on the JSE to a secondary listing; and Nevsun Resources has arranged a non-brokered private placement to raise C$117-million.

Nevsun opts for equity sale after project debt deemed 'unreliable'

Canada's Nevsun Resources, which is building the Bisha mine, in Eritrea, has arranged a nonbrokered private placement to raise C$117-million, the company announced on Thursday. The firm said it decided on the share sale to ensure that the project...

Bank targets growing mining-project market

Leading financial services group Rand Merchant Bank has beefed up the resources side of its business to cash in on the growing trend to finance mining projects using debt facilities.