China will be investing far more in coal power over the next five years, according to a government plan released Friday, that only modestly increased renewable ambitions. Environmentalists had been hoping China’s five-year NDP would provide a roadmap towards carbon neutrality by 2060.
Coal developer Allegiance Coal has raised A$10-million through a share placement to sophisticated and professional investors, fully funding its New Elk coal mine, in Colorado, through to development.
ASX-listed Jupiter Mines on Monday told shareholders that it has halted the demerger and initial public offering (IPO) of its Central Yilgarn iron-ore (CYIP) assets.
Jupiter in January this year announced plans for the demerger and IPO of these assets into a newly created company called Juno Minerals.
Junior Tasman Resources on Friday announced plans for a A$4.8-million capital raise to fund exploration work in South Australia, and to support future investment in fellow ASX-listed companies.
The junior told shareholders that it would place some 60-mllion shares to sophisticated and professional investors, at a price of 8c each, along with 30-million free attaching listed options.
ASX-listed ioneer has raised A$80-million in a fully underwritten institutional placement.
ASX-listed Neometals on Friday announced that its joint venture (JV) with SMS group GMbH, Primobius GmbH, had inked a non-binding memorandum of understanding (MoU) with Japan’s Itochu Corporation to investigate establishing a corporation for battery recycling.
Under the terms of the MoU, Primobius would contribute its lithium battery materials capabilities.
Steps involving the use of two ports rather than one, longer trains and increased rail wagon payload are being studied to improve the logistics surrounding the export from South Africa of manganese ore.
A US judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed.
The SEC filed a complaint against Rio in 2017 with allegations that it had fraudulently concealed the decline in value of the business.
The Foreign Investment Review Board (FIRB) has approved Korean major POSCO’s $7.5-million investment into ASX-listed Black Rock Mining.
Under an agreement struck last year, POSCO would acquire a 15% interest in Black Rock by subscribing for more than 126-million shares in the Australian company, at an issue price of 8.2c each.
The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The ARM-managed Two Rivers is a joint venture between ARM, at 51%, and Implats, at 49%.