Mustang Resources has entered into a merger agreement with Toronto- and Dubai-based Fura Gems, a new gemstone mining company with emerald and ruby assets in Mozambique and Colombia.
Triton Minerals has signed a letter of intent with MCC International, the overseas platform of Metallurgical Corporation of China, for an engineering, procurement and construction (EPC) contract at Triton’s Ancuabe graphite project in Mozambique.
Triton Minerals has approved development of the Ancuabe graphite project in Mozambique.
Syrah Resources has signed a purchase agreement for an industrial site for its planned battery anode material (BAM) development in Louisiana, United States.
Battery Minerals has received commitments to raise a further $20 million for its Montepuez graphite project in Mozambique, adding to the $US30 million ($40 million) debt and equity package secured earlier this month from Resource Capital Funds (RCF).
Battery Minerals has been awarded a mining licence for its Montepuez graphite project by the Mozambican Government.
Mustang Resources could be producing at the Caula graphite-vanadium project in Mozambique by the middle of next year.
Mustang Resources is on track for first production at the Caula graphite project in Mozambique by the middle of next year.
Emerging gem explorer Mustang Resources has announced an upgrade for its Montepuez ruby project exploration licence, having been granted a mining concession valid until 2042.
A US securities regulator has dismissed appeals from Rio Tinto to have fraud charges dropped against former company executive Tom Albanese, accused of fudging company results at Rio Tinto’s former Mozambique operation.
Battery Minerals has secured an offtake agreement with Qingdao Guangxing Electronic Materials (GEM) for development of its Montepuez graphite project in Mozambique.
ASX-listed Mustang Resources, a rising gem explorer operating out of Mozambique, has secured $19.95 million in convertible note funding from US investment company, Arena Investors.
Battery Minerals has signed an offtake agreement that covers 20 per cent of the first phase of production from its Montepuez graphite project in Mozambique.
Following on from $20 million of capital raising earlier this month, extensive recruitment is now underway at Battery Minerals’ Montepuez graphite project.
Syrah Resources has produced its first bagged saleable flake graphite from the Balama project in Mozambique.
WA graphite explorer Battery Minerals has received $19.5 million in share placements and $500,000 from its drilling contractor (in return for equity) in order to fund its Balama and Montepuez projects in Mozambique.
American law firm Hagens Berman has filed a class action lawsuit against Rio Tinto over the miner’s failed dealings in Mozambique earlier this decade.
Rio Tinto and two former leading executives, including Tom Albanese, have been charged with fraud in the United States over the company’s dealings in Mozambique earlier this decade.
Syrah Resources plans to raise $110 million to fund the ramp up of production at the Balama graphite project in Mozambique, Africa.
Rio Tinto has confirmed reports that it is under investigation by the US Securities Exchange Committee (SEC) over an impairment in its 2012 accounts in Mozambique.