A court case against the directors of Aurora Empowerment Systems has been postponed to July 15 to allow the State to locate one of the accused, the Organisation Undoing Tax Abuse said on Tuesday. Aurora directors Khulubuse Zuma, Zondwa Mandela and Thulani Ngubane appeared in the Springs regional magistrate’s court on Tuesday, but the State needed to locate Raja Zainal Alam Shah.
South America’s “largest and most advanced” platinum group metals (PGM) and nickel project, Pedra Branca in Brazil, is being sold to Canadian entity ValOre Metals for £4.1 million, London-listed Jangada Mines announced on Tuesday.
Brazil's Vale, the world's top iron-ore miner, has named Marcelo Spinelli as its new head of coal and ferrous metals, it said in a filing on Monday. Spinelli has served as the chief executive of VLI Logistica, a maritime and railway logistics firm in which Vale has a stake, since 2010, and has "solid experience in integrated logistics operations," Vale said.
The shareholders of ASX-listed Gindalbie Metals will meet on July 3 to vote on its takeover and demerger plans, follow approval from the Federal Court of Australia.
Gindalbie in March announced a 2.6c a share takeover offer from Ansteel, which currently holds a 35.71% interest in Gindalbie and is a 52.16% shareholder in the Karara project.
Coal miner Peabody has taken the first step to resuming operations at the fire-hit North Goonyella mine in Queensland, Australia, with an announcement on Friday that it is proceeding with the ventilation of the first segment of the coal mine.
This forms part of a phased reventilation and re-entry plan, which aims to resume longwall production in 2020.
Mineral sands miner Strandline Resources will raise A$5.5-million for project works in Western Australia and Tanzania.
The company will issue 46-million shares, priced at 12c each, to institutional and sophisticated investors, with shareholder Tembo Capital set to take part in the placement.
Metals developer Myanmar Metals will raise A$20.8-million through a share placement to institutional investors.
The ASX-listed company on Friday reported that had received firm commitments for the placement of more than 319.9-million shares, at a price of 6.5c each from domestic and international institutional investors.
Queensland Premier Annastacia Palaszczuk on Friday said that Indian major Adani’s two outstanding management plans for its multi-billion dollar Carmichael project should be resolved by June 13.
Nickel hopeful Mincor Resources will raise A$23-million through a share placement and share purchase plan (SPP) to fast track its plans to restart nickel sulphide mining in the Kambalda district, in Western Australia.
Moving against a general trend among Indian miners of closing down underground mines, State-run Singareni Collieries Company Limited (SCCL) has started work on developing a new underground mine in the southern state of Telangana.