Firestone Energy gets short-term finance facility

ASX- and JSE-listed Firestone Energy said on Thursday that it entered into a conditional, short-term $2.2-million finance facility. The coal development company intended for the facility to provide working capital while it was negotiating the...

Ivanhoe drops poison pill, approves $1.8bn bridging finance

Ivanhoe Mines, the owner of the giant Oyu Tolgoi copper-gold project in Mongolia, on Wednesday said its board decided to scrap a shareholder rights plan, clearing the way for 49% shareholder Rio Tinto to gain control of the company. In December,...

Company Announcement: Mutiny obtains record prices for Deflector d-Risking hedge facility

The Directors of Western Australian explorer and developer, Mutiny Gold Ltd, are pleased to advise that the hedge facility associated with the recently announced finance facility with Credit Suisse has been finalised.

Company Announcement: Glory welcomes US$1 billion Investment in Greek Gold Industry by QATAR sovereign wealth fund

The Board of Glory Resources Ltd notes with interest the announcement of a significant investment by a Qatar sovereign wealth fund (Qatar) in AIM and TSX listed company, European Goldfields Ltd (European Goldfields

Spinifex Ridge molybdenum/copper/silver project, Australia

The mine plan for the Spinifex Ridge project calls for an initial ten-million-ton-a-year ore throughput rate.

Moly Mines to start Spinifex Ridge iron-ore shipments in Dec

Moly Mines remains on track to ship the first iron-ore from its Spinifex Ridge project, in Western Australia, in December, it reported on Thursday. The ASX- and TSX-listed Moly has recently entered into a haulage contract and mining contract for...

Company Announcement: NST Secures $15M Finance Facility for Paulsens Gold Mine Acquisition

Attached please find a press release on: Northern Star Resources Ltd (ASX: NST – “NST”) is pleased to advise that it has accepted a credit approved offer of finance from RMB Resources Limited to underpin its recently announced acquisition of...

Northern Star secures A$15m for Paulsens acquisition

ASX-listed explorer Northern Star Resources has accepted a A$15-million finance facility to underpin the acquisition of the Paulsens gold mine, in Western Australia. The finance facility would be provided through a A$10-million acquisition and...

Pueblo Viejo financing 'just about done'

Barrick Gold, the world's biggest gold producer, expects to finalise a finance facility with partner Goldcorp for the Pueblo Viejo project in the Dominican Republic “in the near term”, spokesperson Vince Borg told Mining Weekly Online. The...

Swanepoel's To The Point has buy option on Metorex's Cons Murch

Emerging mining company To The Point has secured an option to buy the Consolidated Murchison antimony-gold operation, which it is restructuring for Metorex, Bernard Swanepoel tells Mining Weekly Online. The JSE-listed Metorex said on raising its...

Goldcorp now expects Pueblo Viejo finance facility by end March

The world's two biggest gold producers by market capitalisation, Barrick Gold and Goldcorp, now expect to have finalised a joint $1-billion project finance facility for their Pueblo Viejo project, in the Dominican Republic, by the end of the first...

Platmin repays R404m Standard Bank bridging loan

JSE-, Aim- and TSX-listed Platmin has paid out and closed a R404-million bridging loan facility with South Africa’s Standard Bank, it reported on Thursday. The facility had been repaid from the cash collateral of the equivalent amount held on...