Gemfields has, at the request of Pallinghurst Resources, applied to the LSE for the cancellation of admission to trading its shares on Aim. Pallinghurst, led by CEO Arne Frandsen, on Tuesday said its offer to acquire the remaining interest in Gemfields had been accepted by shareholders holding 75.18% of Gemfields’ shares.
President Donald Trump is set to announce he is lifting an Obama-era policy that curtailed the financing of coal-fired power plants overseas, as he seeks to propel American " energy dominance" and reorients the US government away from fighting climate change.
Gold miner Acacia Mining is reviewing the proposed legislative changes to the legal framework governing the natural resources sector in Tanzania.
This followed the recent publication of draft legislation, which is expected to be debated by the country’s Parliament in an extended Parliamentary session in due course.
The New South Wales regulator has issued diversified miner South32 with a prohibition notice at its Appin underground mine, after the company on Wednesday evacuated its workforce over concern of a potential gas limit breach.
China's coking coal futures soared 8 percent on Thursday and were on track for their biggest one-day jump in seven months, boosted by a report the world's top consumer plans to ban imports into small ports, stirring worries about tightening supply.
The shareholders of mining major Rio Tinto on Thursday overwhelmingly voted in favour of the company’s plans to divest its Coal & Allied (C&A) assets to China-controlled Yancoal Australia.
ASX- and Aim-listed tungsten and tin producer Wolf Minerals has secured an additional £10-million from financier Resource Capital Fund (RCF) to support its Hemerdon project, in the UK.
Wolf on Thursday reported that RCF had increased Wolf’s existing bridge loan facility from £30-million to £40-million, with the potential to increase to £45-million at the discretion of RCF.
ASX-listed junior Elementos will raise up to A$2-million through a share placement and nonrenounceable rights issue to fund work at the Cleveland tin, copper and tungsten project, in Tasmania.
The continued fall in iron-ore prices has seen ASX-listed Mineral Resources revise its expected earnings for the financial year ended June. The company on Thursday said that expected earnings before interest, taxes, depreciation and amortisation (Ebitda) would range between A$46-million and A$480-million.
An urgent Pretoria High Court bid to stop Atha-Africa Ventures from proceeding with the development of the Yzermyn coal mining project in Mpumalanga has failed, with the matter removed from the urgent roll and each party made to pay own costs.