Media Room

Universal doubles NCC reserves

South Africa-focused coal miner Universal Coal has doubled the ore reserve at its New Clydesdale colliery, in South Africa.

Universal on Thursday reported a 28.94-million tonne increase in the ore reserves at New Clydesdale, taking the ore reserve estimate to 58.24-million tonnes and confirming a mine life of more than 20-years.

Tawana raises A$15m for Bald Hill

ASX-listed Tawana Resources will raise A$15-million through a share placement to advance the Bald Hill lithium and tantalum project, in Western Australia, to commissioning by late 2017.

Tawana on Thursday said that it has received firm commitments from domestic and offshore institutional investors for the placement of 60-million new fully paid ordinary shares, priced at 25c each.

Sherritt narrows Q1 headline loss

Canadian diversified miner Sherritt International has increased headline earnings in the March quarter as significantly higher nickel, cobalt and oil prices boosted the bottom line.
The Toronto-based company reported a loss, adjusted for special items, totalling C$82.7-million, or C$0.25 a share for the first three months of the year.