Azure raising millions for Andover growth
Lithium and nickel exploration company Azure Minerals has launched a $120 million two-tranche institutional placement and a $10 million share purchase plan (SPP).
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29Metals seeks Capricorn mine relief
Almost three months after 29Metals completed the recovery of the Capricorn copper mine, the company has provided an update on the mine’s insurance claim.
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Core raises $100 million in equity for projects growth
Core Lithium has successfully completed its $100 million fully underwritten institutional placement that it announced yesterday.
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Geoscience data delivers billions to Australia
A new report from Deloitte Access Economics has found that precompetitive geoscience data and analysis supported $76 billion of added value in the Australian economy and around 80,000 full time equivalent jobs in 2021–22.
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St Barbara holds majority in Linden Gold Alliance
Linden Gold Alliance has completed the debt restructure it has with St Barbara, making St Barbara a majority shareholder in Linden and Linden debt free.
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Newmont-Newcrest deal makes billions for Australia
Pitchers Partners has released its Dealmakers: mid-market M&A in Australia 2023 update, where it found that the mining sector contributed significantly to the country’s M&A (mergers and acquisitions) value through the Newmont acquisition of Newcrest.
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Silvercorp Metals to acquire OreCorp
Silvercorp Metals and OreCorp have signed a binding scheme implementation agreement where Silvercorp will acquire all fully paid ordinary shares of OreCorp not held by Silvercorp or its associates.
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Black Swan restart bolstered by $6 million
Poseidon Nickel has brought in $6 million to progress exploration drilling and development activities at its flagship nickel projects, Black Swan and Lake Johnston, in Western Australia.
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Mining sector delivers billions to Australia
The mining industry has contributed a record $455 billion in export revenue for Australia during the 2022–23 financial year, according to the Australian Bureau of Statistics (ABS).
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The path ahead for IGO’s “disappointing” nickel assets
Unexpected issues with capital value and operating costs at two IGO nickel acquisitions has translated to an almost $980 million write-down for the financial year. Despite the hit, the company saw strong results for the quarter.
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A big year for South32
BHP closes the financial year with production record
BHP hits production records, while Alcoa sees slight dip, and Yancoal makes strides in safety.
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Whitehaven records strong June despite weather delays
Forrests’ separation will not affect Fortescue, pair says
Billionaire couple Andrew and Nicola Forrest have agreed to separate after 31 years of marriage, but have assured that the development will not impact their mutual business interests.
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St Barbara sees solid production results
A week after completing the sale of its Leonora assets to Genesis Minerals, St Barbara has provided a production update for the June 2023 quarter (Q4 FY23) and 2023 financial year (FY23).
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Karlawinda reaches key milestone
Capricorn Metals’ Karlawinda gold project has achieved a record annual gold production of 120,014 ounces for the 2023 financial year (FY23).
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Leonora assets sale delivers millions for St Barbara
With St Barbara having completed its sale of its Leonora assets to Genesis Minerals, it has reported a closing cash balance of $294 million as of June 30 2023.
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Westgold bows out of Musgrave takeover battle
Westgold Resources has advised the market that it does not intend to increase its takeover offer for Musgrave Minerals, in the wake of a superior offer from Ramelius Resources.
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Bellevue begins Vanguard mining
Bellevue Gold has signed an agreement with Genesis Minerals that involves Genesis processing material from the Bellevue Gold Project, predominantly from the Vanguard open pit.
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Glencore contributes $20 billion to Australian economy
The latest economic report from Glencore shows that the company’s operations directly contributed almost $20 billion to the Australian economy in 2022.
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