The majority of the planned plant upgrades at Aim-listed Edenville Energy’s flagship Rukwa coal project, in Tanzania, have been completed, the company reported on Thursday. One of the key upgrades was further modifications to the pre-screen, which had been installed in January 2019.
Rare earths developer Northern Minerals has completed the institutional component of its previously announced A$22-million capital raise. The company on Wednesday said that it had raised an initial A$2.6-million through the institutional component of its 1-for-13 non-renounceable pro-rata entitlement offer.
Norway's $1-trillion sovereign wealth fund may have to sell its $1-billion stake in commodities giant Glencore, among other companies that derive more than 30% of their revenue from coal, to meet proposed tighter ethical investing rules.
Junior Australian Mines is hoping to raise A$5-million through a share purchase plan (SPP) to advance its Sconi cobalt/nickel/scandium project, in Queensland.
The CEO of Polish State-run coking coal producer JSW was sacked by the energy ministry on Tuesday following a dispute over strategy.
The Australian Petroleum Production and Exploration Association has called on the Western Australian Environmental Protection Authority (EPA) not to threaten investment in the state’s major industries.
The call comes after the EPA opened a 12-week round of industry and community consultation on its greenhouse gas emissions assessment guidance.
Uranium junior Deep Yellow has raised A$9-million through a share placement, which will be used to fund the company’s growth strategy.
The company issued more than 29-million shares, at a price of 31c each, under its placement capacity.
ASX-listed TNG will raise A$15-million to advance its Mt Peake vanadium/titanium/iron project, in the Northern Territory.
The company on Tuesday said that it had secured a A$10-million investment from Germany’s DELPHI and Sparta, through a share placement priced at 0.93c a share.
State run miner Coal India Limited (CIL) has identified coking coal and high-grade thermal coal assets in Australia for strategic investments and will be appointing merchant bankers to conduct financial due diligence of these targeted acquisitions.
The future is not a choice between resources, such as coal, and renewable energy technologies, it is a commitment to both, Queensland Resources Council (QRC) Ian Macfarlane said in Friday.