India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds.
Diversified mineral development company Bushveld Minerals, which has a Southern African portfolio of vanadium, tin, coal, titanium and iron-ore assets, is taking steps to demerge its tin assets into a stand-alone tin listing on the London Aim.
South African diversified resources company Exxaro Resources has signed a ten-year coal export transportation agreement with State-owned rail utility Transnet, which will increase coal volumes from the Limpopo-based Waterberg region to the Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal, allowing for the transportation of 7.8-million tons a year of export coal.
Diversified mining company Exxaro Resources on Tuesday commenced the sell-off of a portion of the shares it holds in US mineral sands mining company Tronox. The JSE-listed Exxaro, headed by CEO Mxolisi Mgojo, is monetising its Tronox stake to focus on its core activities as well as provide funding for future capital commitments, repay debt and return capital to shareholders.
Russia's Otkritie bank has become a shareholder in Russian gold and silver producer Polymetal, the bank's MD Alexander Dmitriev said on Tuesday.
The bank owns 7.56% in Polymetal and has no plans to sell the stake, Dmitriev added. He did not elaborate on how the bank had become a shareholder of Polymetal. Polymetal is co-owned by businessman Alexander Nesis.
US coal producer Peabody Energy has revealed that several potential investors have expressed an interest in buying the Navajo generating station, in northern Arizona.
The Organisation Undoing Tax Abuse (Outa) says the business group owned by the Gupta family is opposing its application to freeze the R1.75-billion mine rehabilitation funds for two of its coal mines.
The sale of the Mooiplaats Colliery is the final step in Coal of Africa’s balance sheet restructuring strategy, setting the course for the company to become a self-sufficient mid-tier coal mining company, CEO David Brown said on Monday. Mooiplaats, which has been on care and maintenance since 2013, is being sold to a consortium of investors for an aggregate purchase price of R179.9-million.
Junior De Grey Mining has welcomed Canada’s Kirkland Lake Gold as a strategic investor, with the North American company agreeing to subscribe for A$5-million in shares in the Australian firm.
De Grey on Monday said that it would issue more than 33.3-million shares to Kirkland Lake, at 15c each.
ASX-listed Tungsten Mining will raise some A$13.5-million through a nonrenounceable entitlement offer, to complete pilot plant testwork at its Mt Mulgine tungsten project, in Western Australia The one-for-three nonrenounceable entitlement issue will be priced at 10c a share, with some 135-million shares on offer.