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Esmarie Iannucci

 

Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.

Email: newsdesk@engineeringnews.co.za

Received BTech degree in Journalism from the Tshwane University of Technology

Red 5 completes retail capital raise

15th April 2021 Gold miner Red 5 has completed the retail component of its entitlement offer, raising A$20.82-million. The company in March this year launched a fully underwritten non-renounceable entitlement offer, priced at 16c a share, to raise A$60-million as part of its greater financing efforts to fund... 

Stanmore JV buys Peabody assets in Qld

15th April 2021 Coal miner Stanmore Coal has announced plans to joint venture (JV) with M Resources to acquire the Millennium and Mavis Downs coal mines, in Queensland, from the Australian arm of energy major Peabody Energy. The JV would acquire the Millennium and Mavis Down mines from Peabody for an upfront... 

Titan to sell Ecuador assets for A$15m

15th April 2021 ASX-listed Titan Minerals has inked a term sheet to divest of its Zaruma gold mine and the Portovelo process plant, in Ecuador, for $15-million. The non-core Zaruma mine comprises of 30 concessions over 7 615 ha, which is currently being transferred into newly established entities as part of... 

Cobre raises cash for Botswana exploration

15th April 2021 Junior copper and base metals explorer Cobre has raised A$6.7-million to fund exploration costs at its joint venture (JV) with Metal Tiger, in Botswana. The ASX-listed company raised an initial A$5.3-million under a first tranche share placement, priced at 17c a share. 

First ore processed at Butcherbird

15th April 2021 First ore has been successfully processed through the Butcherbird plant, in Western Australia, ASX-listed Element 25 reported on Thursday. The company told shareholders that commissioning activities at the manganese mine site were progressing well, with the project team now fully focused on... 

BHP's biofuels test a success

15th April 2021 Mining major BHP on Thursday announced that along with German shipping company Oldendorff Carriers, and advanced biofuels pioneer GoodFuels, the company had successfully completed the first trial of sustainable biofuel on an ocean-going vessel bunkered in Singapore. As part of the trial, a... 

PFS into cathode powder proves positive for Lithium Australia

14th April 2021 A prefeasibility study (PFS) by the subsidiary of ASX-listed Lithium Australia, VSPC, into a lithium ferro phosphate (LFP) cathode powder has confirmed the project’s robust economics. The PFS contemplated the production of 10 000 t/y of LFP cathode powder over a three year period, with the... 

Remus sets its cap for FAR

14th April 2021 ASX-listed FAR on Wednesday flagged a potential takeover offer from Remus Horizons. The company told shareholders that it had received a letter from Remus stating its intentions to make a 2.1c a share offer for all the shares in FAR, condition only on shareholders rejecting the sale of the... 

Matsa moves to PFS at Devon

14th April 2021 A scoping study into the Devon pit, at the Lake Carey gold project in Western Australia, has proven that mining operations could be economically viable. ASX-listed Matsa Resources on Wednesday noted that the scoping study showed that the Devon pit could deliver a potential cash surplus of... 

Strike signs Peruvian offtake agreement

14th April 2021 ASX-listed Strike Resources has inked a binding offtake agreement with iron-ore trading firm Good Importing International for all of the iron-ore being mined from the Apurimac iron-ore project, in Peru. The offtake agreement would stretch for an initial two-year term, and incorporates a... 

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