Coal miner Universal Coal has reported a 19% increase in production during the three months to June, compared with the previous corresponding period, on the back of the integration of the North Block Complex, in South Africa.
Junior Canyon Resources has raised A$4-million through a share placement to sophisticated and professional investors to fund a prefeasibility study at its Minim Martap bauxite project, in Cameroon.
The company placed 25-million shares, at a price of 16c each, to raise the capital, with the placement conducted under Canyon’s existing placement capacity.
Chinese firm Ningbo Shanshan has increased its stake in ASX-listed Altura Mining from 11.8% to 19.4%, through a further A$22.4-million investment.
Altura on Tuesday told shareholders that it will issue Shanshan 200-million fully paid ordinary shares at a price of 11.2c each, making the Chinese firm Altura’s single largest shareholder.
ASX-listed gold miner Blackham Resources has struck a A$10-million deal with fellow-listed Salt Lake Potash to sell its Lake Way tenements, in Western Australia, cancel its brine royalty and provide certain water rights.
India’s Coal Ministry is working on a proposal to negate the legal distinction between captive coal mines operated by user industries and commercial mining by private merchant miners.
Rare earths miner Northern Minerals on Monday announced plans to raise A$30-million to ramp-up ore sorting, product separation and exploration initiatives at its Browns Range project, in Western Australia.
ASX-listed Arafura Resources has completed a A$23.2-million fully underwritten pro-rata non-renounceable entitlement offer to progress its Nolans neodymium-praseodymium (NdPr) project, in the Northern Territory.
The entitlement offer was priced at 8.5c a share and fully underwritten by Patersons Securities.
Gold miners Acacia Mining and Barrick Gold have ended their two-month standoff, announcing on Friday that they have agreed on a takeover offer of 232p a share, valuing the London-listed company at about £343-million.
Minority shareholders in Barrick will now receive 0.168 new Barrick shares for each share held.
A new private mineral exploration company focused on West Africa is to emerge from the combination of Avant Minerals and the Côte d'Ivoire assets of TSX-V-listed Orca Gold.
The share price of ASX-listed Mineral Resources recovered slightly on Thursday to close at A$14.78 a share, after a significant fall earlier this week.