Metallica facing tussle with suspended CEO
ASX-listed Metallica Minerals is facing a legal battle with suspended CEO and former MD Simon Slesarewich, who has brought a claim against the company in relation to his employment.
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Hastings looking to raise nearly A$20m
Rare earths developer Hastings Technology Metals will raise nearly A$20-million to assist in the development of its Yangibana rare earths project, in Western Australia.
The company on Wednesday reported that it has raised A$12-million through a share placement priced at 17c a share, with the shares to be issued under its existing placement capacity.
Jervois gains US project with eCobalt merger
ASX-listed Jervois Mining has struck a friendly merger agreement with TSX-listed eCobalt.
Under the terms of the agreement, each eCobalt share will be exchanged for 1.65 common shares in Jervois, representing an implied offer price of C$0.36 a eCobalt share.
Capricorn unimpressed by proposed bid, opens data room to others
ASX-listed Capricorn Metals on Tuesday flagged an unsolicited possible takeover offer from a consortium between Emerald Resources and Hawkes Point Holdings.
Teck and Sumitomo wrap up QB2 transaction
Miner Teck Resources on Monday announced the closing of the acquisition by Japan’s Sumitomo of a 30% indirect interest in its Quebrada Blanca Phase 2 (QB2) project, in Chile.
Following closing of the transaction, Teck holds a 60% indirect interest in the company that owns QB2 and Empresa Nacional de Minería continues to hold a 10% carried interest.
Edenville considers additional funding measures after low uptake of open offer
Aim-listed Edenville Energy on Monday reported a low level of uptake of its open offer on the stock exchange and that, consequently, operations at its Rukwa coal project, in Tanzania, have been constrained.
Navarre raises A$6m for Victorian exploration
ASX-listed Navarre Minerals will raise A$6-million through a share placement to fund exploration programmes at its Victorian gold projects.
The junior company on Monday said that it would place some 80-million fully paid shares, at a price of 7.5c each, to qualified institutional and sophisticated investors.
Australia's Wesfarmers hints takeover battle for Lynas not over
Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4-billion ($992-million) approach being rejected earlier this week.
Captive coal miners beat growth trends of merchant miners
In contrast to State-run merchant miners, coal production from captive mines from April 2018 to February 2019 has been estimated at 44-million tons, recording a growth of 31% and outstripping the government’s target of 40-million tons for the current financial year, according to data sourced from the Coal Ministry.
Tronox now domiciled in the UK, expands board
Global mining and inorganic chemicals company Tronox Holdings has expanded its board to ten people, following the completion of its re-domiciliation to the UK, from Australia.