Aim-listed Vast Resources on Friday said that it was still awaiting approval from the Reserve Bank of Zimbabwe (RBZ) for the assignment of 49.99% of its loan account with Canape. The company noted that the outstanding approval would hamper its financing arrangement with SSCG Africa Holdings, which would provide Vast with $8-million, principally to advance core activities in Romania.
Global coking coal supplies have been drastically interrupted by a small stretch of rail that wraps around a modest-sized Australian mountain range – and repair crews are unable to find a quick fix.
The High Court of Australia has reportedly dismissed an appeal from greens group Coast and Country against the Alpha coal mine, being developed by GVK Hancock, in Queensland.
Coast and Country had applied for special leave to appeal the Appeal’s Court decision regarding the emissions that could result from the coal produced at the mine.
ASX-listed Neometals plans to divest of its 13.8% stake in the Reed Industrial Minerals joint venture (JV) for $96-million.
The JV vehicle, which is held with fellow-listed Mineral Resources and China’s Ganfeng Lithium, owns the Mt Marion lithium project, in Western Australia.
ASX-listed Lithium Australia has called into question the independent expert's report for its proposed takeover of fellow-listed Lepidico. The company on Friday said it had reviewed the independent expert's report, which had found that the offer was neither fair nor reasonable, and had valued Lepidico shares at between 1.6c and 2.1c each.
Magnetite developer Magnetite Mines has signed a framework agreement to acquire privately held Lodestone Equities, which holds iron-ore rights and tenements in South Australia.
Junior WCP Resources will raise A$5.5-million through the placement of 56-million shares to accelerate exploration and development activities at the Piedmont lithium project, in the US.
Coal junior targets near-threefold output increase to 10Mt/y in two years; And, Gold mining operations need to transform into 'mines of the future'
After six days of ongoing industrial action at the Kusasalethu mine, near Carletonville, the striking workers have returned to work, Harmony Gold said on Thursday. Workers once again downed tools last week, prompting Harmony on Friday to seek an interdict from the Labour Court of South Africa to declare the industrial action unprotected and ordering employees to return to work.
The Queensland state government has put in place financial and regulatory safeguards, as well as a stringent monitoring system to manage the water supply to the proposed Carmichael coal project.