Media Room

Arc appoints new FD

Aim-listed exploration and mine development company Arc Minerals has appointed Rémy Welschinger to succeed John Forrest as FD. Forrest is retiring. "I am delighted to be taking up an executive role as FD of Arc.

St George raises A$5.7m

Nickel hopeful St George Mining will raise A$5.7-million through a share placement to fund work at its Mt Alexander project, in Western Australia.

The company will issue nearly 39-million shares, at a price of 15c each under its existing placement capacity.

Coal India sets minimum benchmark for underground mines

State-run miner Coal India Limited (CIL) has set minimum output per man shift for its underground mines and will curtail production from underground mines if productivity falls below such pre-fixed benchmarks.

Stung by sustained losses from its underground mines, CIL has decided to cut down costs and curtail operations of the mines by linking it to minimum productivity levels.