Dual-listed, high-quality coal producer Buffalo Coal has swung back to profit for the first three months of 2017, boosted by improving demand for its anthracite and bituminous coal.
LSE- and Nasdaq-listed Afarak Group has started the new financial year on a strong foot as the first quarter of the year delivered the highest quarterly gains in the company’s history.
Explorer Impact Minerals will raise up to A$4-million through a share purchase plan (SPP) to fund drilling at its Commonwealth gold/silver/base metals project, in New South Wales.
The company will offer some 222.3-million new shares under the SPP, with shareholders able to subscribe for up to A$15 000 in new shares, at a price of 1.8c a share.
ASX-listed Queensland Bauxite is actively looking for other investment opportunities as it awaits the grant of a minerals development licence at its South Johnstone bauxite project, in Queensland.
Mozambique-focused coal and power plant developer Ncondezi Energy has been given an extension on its shareholder loan repayment.
The Aim-listed company now has until September 2 to repay its shareholder loan, after loan holders agreed to extend the repayment deadline from May 10.
The Foreign Investment Review Board has approved ASX-listed Altona Mining’s joint venture (JV) deal with Chinese partner Sichuan Railway Investment Group (SRIG) over the Cloncurry project, in north-west Queensland.
Anxiety was on the rise at Eurasian Natural Resources Corp (ENRC) in early 2011 after media allegations of corruption and a whistle-blower complaint prompted fears of an imminent visit by the UK’s Serious Fraud Office. “I predict a sh!tstorm and a SFO dawn raid in London before summer’s over,” the head of compliance wrote in an internal email in April of that year.
Indian major Coal India Limited’s (CIL) hopes of marking its maiden entry into coal exports is banking on the country’s largest power producer NTPC Limited.
Aim-listed Ncondezi Energy has asked its loan holders to extend the repayment date for its shareholder loan, which became payable on Wednesday. Ncondezi, which is developing an integrated coal power plant and mine project in northern Mozambique, has drawn down $2.19-million under the shareholder loan and now has to repay double that amount.
Diversified miner South32 has warned that production from its Illawarra metallurgical coal operations in New South Wales was likely to be 10% below its previous guidance of 7.9-million tonnes, after operations at the Appin Area 7 and Area 9 longwalls were suspended.