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COAL

Coalspur granted approval for Vista Stage 1 Restricted

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ASX- and TSX-listed coal developer Coalspur has been issued three approvals and licences for the Phase 1 development of its Vista project, in Canada. The developer said on Wednesday that the Alberta Energy Regulator (AER) had approved the project...
27th August 2014
 
 
COAL

CoAL to pay Grindrod $10m for Matola capacity underutilisation Restricted

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Matola Coal Terminal ASX-, Aim- and JSE-listed Coal of Africa Limited (CoAL) has reached a $10-million agreement with Grindrod subsidiaries Grindrod Corridor Management and Terminal de Carvão da Matola for the settlement of historic and future liabilities relating to...
27th August 2014
 
 
GOLD

Perseus FY results disappoint as it slumps to loss Restricted

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Dual-listed gold miner Perseus Mining has swung to a loss during the full year ended June, on the back of lower production from its Edikan mine, in Ghana, and the stronger Australian dollar. During the period under review, revenue decreased by...
27th August 2014
 
 
COAL

Whitehaven narrows loss as it steps up operating performance Restricted

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Coal miner Whitehaven Coal has delivered significantly improved financial results for the year ended June, on the back of improved operational performances at all its mines and reduced supplier costs. During the full year under review, Whitehaven...
27th August 2014
 
 
IRON-ORE

Miner Vedanta evacuates all expatriate staff from Ebola-hit Liberia Restricted

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Diversified miner Vedanta Resources Plc said it had evacuated all its expatriate staff from Liberia after the government in that country declared a state of emergency due to the Ebola virus. The company said in an emailed statement that it was...
27th August 2014
 
 
BAUXITE

MetroCoal funding to keep Bauxite Hills going Restricted

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Bauxite developer Cape Alumina has secured A$250 000 debt financing from major shareholder MetroCoal to progress its Bauxite Hills project, in western Cape York, Queensland. The junior company reported on Wednesday that the loan would enable Cape...
27th August 2014
 
 
GOLD

Pay back millions, Aurora managers told Restricted

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The former managers of Aurora Empowerment Systems and some of their family and friends have been ordered to repay over R15-million to the company's liquidators. Judge Eberhard Bertelsmann on Tuesday granted an order in the High Court in Pretoria...
27th August 2014
 
 
MINING FINANCE

Norton secures A$40m facility Restricted

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ASX-listed Norton Gold Fields has secured a A$40-million facility from the Industrial Bank of China to partly fund its existing facility with gold Mountains International Mining Company, a subsidiary of major shareholder Zijin Mining Group. The...
27th August 2014
 
 
DIVERSIFIED MINER

BHP sells stake in Australian junior Heron Restricted

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Furthering its agenda to maintain focus on its four key resource pillars, mining giant BHP Billiton has divested of its 10.4% shareholding in Australian junior Heron Resources. Heron reported on Wednesday that the diversified major had executed...
27th August 2014
 
 
CORPORATE ACTIVITY

FIRB approves Metallica JV Restricted

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The Foreign Investment Review Board (FIRB) has approved a joint venture (JV) between ASX-listed Metallica Minerals and China’s Ozore Resources. Under the JV, Ozore would provide about A$7.5-million in funding to develop Metallica’s Urquhart...
27th August 2014
 
 
 
 
 
 
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