Dual-listed First Cobalt Corp has agreed to a “friendly acquisition” of US Cobalt in an all-share deal valued at $C149.9 million ($147 million).
ASX-listed Lucapa Diamond Company has reported the first diamond recoveries from its 70 per cent owned Mothae kimberlite mine in Lesotho, Africa.
Copper miner Tiger Resources plans to exit the Democratic Republic of the Congo (DRC) after securing a deal to offload its assets to a Hong Kong investment firm for $US260 million ($325 million).
ASX-listed explorer Artemis Resources is seeking a dual listing in Canada.
Syrah Resources has produced its first bagged saleable flake graphite from the Balama project in Mozambique.
Australia’s mid-tier mining sector has hit a turning point, with higher commodity prices and cautious spending improving returns.
The uranium sector’s pricing doldrums are destined to mother a bull market in the near to short term, according to Bannerman Resources managing director Brandon Munro.
Breaker Resources has raised $10 million through a share placement to continue exploration at the Lake Roe gold project near Kalgoorlie in Western Australia.
The Western Australian Government plans to continue funding the $10 million a year Exploration Incentive Scheme (EIS).
Major contractor CIMIC Group has sold its stake in Macmahon Holdings, six months after it launched a takeover attempt for the smaller services company.
Brazilian gold miner Beadell Resources will raise up to $51 million to fund mine upgrades and exploration activities at its Tucano operation.
Leading contractor CIMIC has strongly criticised the recent financial and operational performance of takeover target Macmahon Holdings.
Western Australia gold and copper explorer Kalamazoo Resources has listed on the Australian Stock Exchange (ASX) after successfully raising $5 million in capital.
Australian-listed companies are spending more on exploration, according to the latest research from BDO.
Paringa Resources will raise $8 million on the ASX to fund development of the Poplar Grove coal project in the United States.
MetalsTech has launched its initial public offering (IPO) on the ASX, with shareholders of strategic partner Lithium Australia having priority to participate.
Australia’s mid-tier mining companies are staging a comeback after surviving the industry downturn, according to PwC analysis.
Iron ore has bounced higher on the back of hopes in renewed Chinese metal demand, finally breaking over the $US50 per tonne mark for the first time since September.
The Bloomberg Commodity Index has recorded its worst start to a year since data began collection in 1992.
The ASX has taken a battering on resources stocks overnight, after analysts advised shareholders to batten down the hatches.