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Ferrous Metals
 
PLATINUM

Lossmaking Bauba’s exploration drilling on hold, non-execs accept halved fee

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Bauba Platinum CEO Syd Caddy The exploration drilling activities of lossmaking JSE-listed platinum exploration company Bauba have been put on hold and nonexecutive directors are talking only half of their fees until the company has sufficient cash to pay them in full....
22nd September 2014
 
 
FUNDING

Bellzone shares suspended as final agreement on $4m loan not yet reached

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Aim-listed Bellzone Mining on Monday announced that its shares would be suspended from trading on the Aim with immediate effect, as the company had not yet been able to reach agreement with China Sonangol International on the final satisfaction of...
22nd September 2014
 
 
IRON-ORE

London Mining declares dispute with Glencore over payment

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London Mining has entered into a dispute with multinational commodity miner Glencore over what the iron-ore group says is Glencore’s refusal to pay a cash prepayment amount stipulated in an offtake agreement between the two parties. The group...
22nd September 2014
 
 
CAPITAL RAISE

Radar raises cash through share placement

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ASX-listed junior Radar Iron was looking to raise about A$5.5-million through a rights issue and a share placement to private investment company Victory Mining. The company on Monday reported that it would place about 26.1-million shares, priced...
22nd September 2014
 
 
Ferrous Metals

Creamer Media publishes African Mining Roundup for September 2014 research report

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This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining...
22nd September 2014
 
 
IRON-ORE

Iron-ore seen at $80 long term as China steel output growth slows - CISA

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Chinese steel and iron-ore futures slid 4% to their lowest on record on Monday, plagued by worries about excess supply at a time when demand for both in the world's top consumer is growing at a slower pace. Losses in commodities were broad-based,...
22nd September 2014
 
 
IRON-ORE

Miner African Minerals outlines financial recovery plan

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Miner African Minerals plans to increase export volumes and boost revenues by reducing discounts and requiring a premium on some of its iron ore, the company said on Friday, as part of a recovery plan aimed at shoring up its battered finances. The...
19th September 2014
 
 
M&A

IOH urges remaining shareholders to accept BC offer

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Takeover target Iron Ore Holdings (IOH) on Friday told shareholders that it would start an active campaign recommending the takeover offer from fellow-listed BC Iron, after its second largest shareholder also accepted the offer. Earlier this...
19th September 2014
 
 
 
 
 
 
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