TSX-listed Guyana Goldfields still expects its takeover by Zijin Mining to conclude this month, despite a delay in a court hearing for the final order to approve the South America-focused mining company's takeover by the Chinese group.
Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global food security fears.
There is an expectation of price recovery in the market, as demand for power grows alongside the loosening of Covid-19 restrictions, and as more producers hold back supply.
Junior Peel Mining has exercised its pre-emptive rights to acquire joint venture (JV) partner CBH Resource’s 50% stake in the Mallee Bull base metals project, in New South Wales, launching its one-for-eight pro-rata non-renounceable entitlement offer.
Junior Venture Minerals will raise A$4-million through a share placement to fund the start of mining activities at its Riley iron-ore project, in Tasmania.
Venture on Monday said it had received firm commitments from sophisticated, professional and institutional investors for the placement of more than 129-million shares, at a price of 3.1c each.
Global coal-fired power capacity edged down for the first time on record in the first half of 2020 as retirements accelerated and the coronavirus saw new projects put on hold.
JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices.
The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised pre-lockdown production levels by the end of June.
Chile's environmental watchdog said on Friday it would charge BHP's Escondida copper mine, the world`s largest, with drawing more water from the parched Chilean desert than its permits allowed for nearly 15 years.
A three-way tug-of-war has erupted over the Jumbuck gold project, in Western Australia, with owner Tyranna Resources fielding offers from fellow listed Marmota, Alliance Resources and Syngas.
Canada-based Allegiance Coal has secured up to A$8-million in funding through a convertible note issue to investment fund Mercer Street Global Opportunity Fund.