R/€ = 14.70 Change: 0.02
R/$ = 11.98 Change: 0.00
Au 1311.87 $/oz Change: -6.10
Pt 947.50 $/oz Change: -9.10


South32 is said to study bid for $1.6bn Rio coal portfolio

By: Bloomberg     20th October 2017 South32 is studying a potential bid for Rio Tinto Group’s A$2-billion ($1.6-billion) coking coal portfolio, people familiar with the matter said, as it seeks to take advantage of surging prices for the steelmaking ingredient. The Perth-based company is working with an adviser as it weighs an... 

Vale redeems $1bn in debt; reveals $750m tender offer

By: Henry Lazenby     28th August 2017 Brazil’s Vale has redeemed $1-billion worth of 2019 bonds and will launch a $750-million tender offer for its 4.625% guaranteed notes due 2020. Subsidiary Vale Overseas notified its shareholders of the 2019 notes of its decision to redeem all the outstanding notes and pay the related ‘make-whole’... 

Partnership to attract new investors, companies

By: Robyn Wilkinson     27th January 2017 Mining Indaba director of content Harry Chapman is confident that new investors and mining companies will be attracted to the 2017 Investment Discovery Forum (IDF) owing to its partnership with banking group Investec and investment services provider RBC Capital Markets, and programming that... 

Investec and RBC Capital Markets Join the Mining Indaba Investment Discovery Forum

By: Creamer Media Reporter      8th November 2016 Investing in African Mining Indaba® is pleased to announce Investec and RBC Capital Markets as supporters of the 2017 Investment Discovery Forum (IDF). This partnership will attract new investors and mining companies as well as provide unique programming that centers around roundtable discussions... 

Coal surge leaves China grappling with runaway market it started

By: Bloomberg     4th November 2016 China’s drive to reduce overcapacity and streamline its coal industry has sent prices of the bulk commodity soaring. Efforts initially aimed at reversing a four-year collapse and help miners repay debts have pushed coal higher and faster than anyone anticipated. The fuel burned in power stations... 

Teranga raises A$65m to advance Banfora

By: Esmarie Swanepoel     2nd November 2016 Dual-listed Teranga Gold has announced plans to raise A$65-million through an equity raising to develop the recently acquired Banfora gold project, in Burkina Faso. Teranga said on Wednesday that the company had entered into agreements to offer 62-million shares, at a price of A$1.05 each, for... 

Guyana Goldfields lifts bought deal financing to C$130m, raises guidance

By: Henry Lazenby     28th June 2016 Midtier gold producer Guyana Goldfields has increased its previously announced bought deal financing to C$130-million from C$110-million, citing “strong demand”. The Toronto-headquartered company had signed an agreement with a syndicate of underwriters led by BMO Capital Markets, Scotiabank and... 

Du Plessis stalls iron-ore growth as Rio opts for ‘any-and-all’ debt cutting

By: Martin Creamer     5th May 2016 While South African-born Rio Tinto chairperson Jan du Plessis was vowing not to expand Rio’s iron-ore division beyond 360-million tonnes a year, the globally perceived over-producer of iron-ore was outlining the steps it had taken to cut near-term maturing gross debt by $1.5-billion. Rio said... 

Silver Wheaton closes $550m offering

By: Henry Lazenby     7th April 2016 TORONTO ( – Precious metals streamer Silver Wheaton has sold 33.13-million shares to a syndicate of underwriters at $16.60 apiece to raise $550-million. The dual-listed company intended to use the gross proceeds to repay a portion of the debt that was drawn on the company’s... 

Silver Wheaton launches $575m financing

By: Henry Lazenby     2nd April 2016 The world’s largest precious metals streamer Silver Wheaton has launched a $575-million bought-deal financing on Thursday, to raise funds in order to repay a portion of the debt that was drawn on the company’s $2-billion revolving credit facility in November, to acquire the $900-million silver... 

First Quantum launches equity offering of up to C$1.44bn

By: Henry Lazenby     21st May 2015 Base metals producer First Quantum Minerals on Wednesday announced that it planned to raise up to C$1.44-billion through a common share equity offering. The TSX- and LSE-listed company said it intended to use the net proceeds of the offering to advance and expand existing production facilities,... 

Anglo secures $1.5bn medium-term finance

By: Martin Creamer     11th May 2015 Anglo American Capital on Monday secured $1.5-billion medium-term finance by issuing two senior notes - one of $850-million due in 2020 with a coupon of 3.625% and the second of $650-million due in 2025 at 4.875%, both guaranteed by the Anglo American group. Interest will be paid twice yearly in... 

Osisko to raise C$200m for working capital and general corporate purposes

By: Tracy Hancock     22nd January 2015 TSX-listed Osisko Gold Royalties has agreed to sell 10 960 000 special warrants of the corporation, on a bought deal private-placement basis, at a price of C$18.25 per special warrant, representing aggregate gross proceeds of about C$200-million. The Montreal-headquartered gold-focused royalty... 

King succeeds Cockerill as Hummingbird chairperson

By: Natalie Greve     17th November 2014 Multiproject gold company Hummingbird Resources has appointed Russell King as nonexecutive chairperson with immediate effect, replacing retired Ian Cockerill. Cockerill would remain an adviser to Hummingbird and, in this capacity, had been appointed to the company's Technical Advisory Committee,... 

Mountain Province Diamonds arranges C$100m in private financing

By: Henry Lazenby     30th September 2014 Precious-gem project developer Mountain Province Diamonds on Tuesday announced that it had raised C$100-million in private placements for use in construction of the Gahcho Kué project, located in Canada’s Northwest Territories. The TSX- and NYSE MKT-listed firm reported that a syndicate of... 

Enbridge finalises $7.5bn mainline replacement cost estimate

By: Henry Lazenby     19th June 2014 Oil and gas infrastructure giant Enbridge this week announced that it had finalised the $7.5-billion cost estimate for its largest capital project ever, the Line 3 Replacement (L3R) programme. The L3R project entails replacing all segments of Line 3 between Hardisty, Alberta, and Superior,... 

Teranga Gold announces $30m ‘bought deal’ financing

By: Henry Lazenby     10th April 2014 Dual-listed gold miner Teranga Gold Corp, which is focused on its assets in West Africa, on Thursday announced a $30-million ‘bought deal’ financing with a syndicate of underwriters. Under terms of the deal led by Cormark Securities and including Macquarie Capital Markets Canada, CIBC World... 

Stornoway clinches financing agreement to build Quebec’s only diamond mine

By: Henry Lazenby     10th April 2014 Construction of the Renard diamond project, Quebec’s only large-scale diamond mine, on Wednesday moved another step closer to materialising after its proponent, Stornoway Diamond Corp, revealed that it had wrapped up negotiations on a series of financing transactions totalling C$944-million. The... 

Barrick Gold completes $3bn offering, continues debt tender offer

By: Henry Lazenby     14th November 2013 Barrick Gold, the world's biggest gold producer, on Thursday said it had completed its $3-billion bought deal equity offering of 163.5-million common shares at a price of $18.35 a share, for net proceeds of about $2.9-billion. The offering increased Barrick’s total common shares outstanding to... 

Shale gas prices believed to have bottomed, impacting industries

By: Henry Lazenby     26th February 2013 Most exploration and production (E&P) market participants that contributed to a recent market survey believe shale gas prices have bottomed out and 87% of survey respondents predicted natural gas prices would stay the same or increase over the next two years or increase by 10% or more in the next... 

Minera IRL to raise C$32m to fund Peru development

By: Natalie Greve     28th January 2013 TSX-, Aim- and Lima Stock Exchange-listed Latin American gold mining company Minera IRL was looking to raise some C$32-million through the sale of ordinary shares in the company.The proceeds from the offering would largely be directed towards funding the early development costs of its Ollachea... 

PTM prices public offering

By: Henry Lazenby     12th December 2012 Toronto-listed Platinum Group Metals (PTM) would issue 225-million common shares at a price of 80 Canadian cents apiece in a market offering to raise C$180-million to fund construction and exploration activities at its South African platinum-group metals projects. The company intends to use the... 

PTM launches C$180m offering

By: Henry Lazenby     11th December 2012 Toronto-listed Platinum Group Metals (PTM) intends to launch a market offering of common shares to raise C$180-million to fund construction and exploration activities at its South African platinum-group metals projects. PTM on Monday said the offering would be priced in the context of the market... 

Company Announcement: PMI Gold Corporation Completes Equity Financing; Overallotment Option Exercised in Full

     14th November 2012 PMI Gold Corporation is pleased to announce that it has completed its previously announced public offering of common shares 

PMI sets sights on C$100m raising

By: Esmarie Swanepoel     11th October 2012 Dual-listed PMI Gold Corporation would look to raise some C$100-million through a share placement to a syndicate of underwriters, to fund the development of its Obotan gold project, in Ghana. Under the terms of the underwriting agreement, ASX- and TSX-listed PMI would sell more than 119-million... 

Rough diamond prices to remain under pressure in the near-term

By: Natasha Odendaal     27th June 2012 The rough diamond market was in a “difficult phase”, with slowing diamond sales, falling prices, continued tight liquidity in cutting centres and weaker economic prospects in China negatively impacting on the short-term outlook for the market, RBC Capital Markets analyst Des Kilalea said on... 

$200bn capex ambition of mining majors under spotlight

By: Martin Creamer     25th May 2012 The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.  

South Africans spearheading new Guinea bauxite thrust

By: Martin Creamer     17th April 2012 South Africans are spearheading a new bauxite thrust in Guinea, which hosts a quarter of the world’s bauxite reserves. Adonis Pouroulis, better known as the initiator of Petra Diamonds – now listed on the main board of the London Stock Exchange – is leading Alufer Mining Limited’s thrust from... 

NAP to raise C$35m for Ontario palladium mine

By: Henry Lazenby     12th April 2012 Precious metals producer North American Palladium (NAP) on Wednesday said it had entered into an agreement with a syndicate of underwriters co-led by Scotia Capital and RBC Capital Markets to raise C$35.03-million, by selling 11.3-million flow-through shares at C$3.10 apiece. The proceeds from... 

Queensland court dismisses Vale’s Belvedere appeal

By: Esmarie Swanepoel     2nd April 2012 The Queensland Supreme Court has closed off Brazilian giant Vale’s last avenue of appeal in its dispute with diversified junior Aquila Resources, regarding the value of the Belvedere hard coking coal project. The Court of Appeals has dismissed Vale’s appeal against a June 2011 verdict, which... 

Company Announcement: Great Basin Gold Announces Closing Of C$50 Million Bought Deal

     30th March 2012 Public Offering Of Units 

Company Announcement: PMI Gold completes 35 million dollar public offering of common shares

     19th March 2012 PMI Gold Corporation is pleased to announce that it has completed its previously announced bought deal public offering of 28,000,000 common shares 

Great Basin Gold announces new deal to raise C$50m

By: Henry Lazenby     16th March 2012 Dual-listed Great Basin Gold has terminated its bought deal announced last week, and replaced it a new deal, sweetening the offer price to C$0.75 a share. The junior mining company was aiming to raise C$50-million to carry its Burnstone gold mine, in South Africa, through to the third quarter,... 

Great Basin needs another C$50m

By: Matthew Hill     9th March 2012 Gold junior Great Basin on Thursday said it is raising C$50-million in a bought deal financing to carry its Burnstone mine in South Africa through to the third quarter, when it expects the operation to be cash-flow positive. The company has consistently failed to meet production targets at the... 

Company Announcement: NovaGold Reports Significant New Drill Results at Galore Creek

     6th March 2012 Bountiful In-fill Drill Results Yield Average Grades Higher than Those in Pre-Feasibility Study
Multiple Significant Intersections in Resource Infill Program, Including 
185 meters of 1.29% Copper and 0.51 g/t Gold. 


Latest News


Latest Videos



Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now