US gold major Newmont’s $10-billion deal to purchase Vancouver-based Goldcorp has received Investment Canada Act approval, paving the way for the transaction to close this week. The plan of arrangement has previously received shareholder approval and clearance under the Canadian Competition Act. No further approvals are required.
Dual-listed Orion Minerals on Monday confirmed its intention to raise A$8-million through a share issue priced at a 30% premium to its last closing price on the ASX.
Orion last week suspended share trading on the ASX and the JSE pending the announcement of a capital raise.
A near-month-long labour strike over contractor changes at the Yauricocha mine, in Peru, ended at the weekend. Canada-based mining company Sierra Metals has said that an agreement was reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the initial reason for the strike.
Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery.
He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is “dirty”.
Aim-listed diversified miner Vast Resources has raised £600 000 through a placement and subscription of around 440-million shares at a price of 0.135p apiece.
The placing was for 407-million ordinary shares, and the subscription was for 37-million shares, of which 29-million and 7.4-million shares were taken up by directors Roy Tucker and Andrew Prelea, respectively.
Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30.
ASX-listed Kingsgate Consolidated has received $55-million from its political risk insurers after settling a legal dispute with the company.
Coal miner Whitehaven Coal has revised its full year production guidance, as mine scheduling impacts output from the Maules Creek mine, in New South Wales.
Run-of-mine coal production for the full year has been revised from the previous guidance of 22-million to 23.2-million tonnes, to between 21.8-million and 22.8-million tonnes.
Junior Stavely Minerals will raise A$4.2-million through a share placement to fast-track exploration at its portfolio of gold and porphyry copper/gold projects in Victoria, Tasmania and Queensland.
Wollongong Coal Ltd said on Wednesday it was suspending its last operational mine after putting its Wongawilli colliery under "care and maintenance," likely increasing the financial challenges the company faces.