Sibanye-Stillwater has committed an additional R30-million over three years, to the University of the Witwatersrand (Wits) Mining Institute’s Digital Mining Laboratory. The announcement was made on Monday, at the Wits Chamber of Mines building, during a two-day seminar hosted by the Wits Mining Institute.
Junior Beacon Minerals is hoping to raise A$7.1-million through a fully underwritten non-renounceable entitlement issue.
The one-for-five entitlement issue will be priced at 1.7c a share, with eligible shareholders to receive one free attaching listed option for every two new shares subscribed for.
ASX-listed Pacifico Minerals is hoping to raise A$4-million through a share placement to finalise the acquisition of a majority interest in the Sorby Hills base metals project, in Western Australia.
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.
The Minerals Council of Australia (MCA) has called on the Queensland government to finalise the remaining approvals for Indian major Adani’s $16.5-billion Carmichael mine and rail project after the federal Environment Minister approved the groundwater management plan for the project.
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.
Indian coal miner Singareni Collieries Company Limited (SCCL) has set a coal extraction target of 70-million tons for the 2019/20 financial year. The target is 8% higher than coal produced during 2018/19 at 64.4-million tons, says SCCL chairperson N Sridhar.
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.
South Africa focused coal miner Universal Coal has received a conditional, non-binding indicative counter offer from JSE-listed Afrimat to rival a previous offer from a consortium headed by Ata Resources.
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.