Media Room

MinRes prices $750m notes

ASX-listed Mineral Resources will offer up to $750-million in senior unsecured notes due in 2027 to refinance its existing credit facilities.

The company on Tuesday reported that the notes would only be offered to qualified institutional buyers in the US, and to certain buyers outside of the US in offshore transactions.

Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

Thousands of jobs will be lost at Lonmin over a three-year period following its merger with Sibanye-Stillwater, the Association of Mineworkers and Construction Union has argued. The union has lodged an appeal before the Competition Appeal Court to set aside a 2018 decision by the Competition Tribunal approving the merger. 

Vast to dispose of Pickstone interest to open up core focus play

Aim-listed mining company Vast Resources has concluded a conditional sale contract for the proposed disposal, to Southern African Trade Finance (SATF), of its noncore 50.01% interest in Ronquil Enterprises - the holder of its Zimbabwe gold assets; and the remaining 25.01% economic interest in the Pickstone Peerless gold mine and associated assets, principally the Eureka gold mine.

Lynas seeks clarity on PM comments

ASX-listed Lynas on Monday said that it would seek clarification from the Malaysian government over comments made by Prime Minister Mahathir Bin Mohamad over the company’s continuation of operations.

Mohamad over the weekend noted that the Malaysian government had imposed an ‘extra condition’ on Lynas to remove waste, noting that the ‘waste’ could not go to Australia.