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. Read More
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. Read More
Battery Minerals has secured an offtake agreement with Qingdao Guangxing Electronic Materials (GEM) for development of its Montepuez graphite project in Mozambique. Read More
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. Read More
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. Read More
Following on from $20 million of capital raising earlier this month, extensive recruitment is now underway at Battery Minerals' Montepuez graphite project. Read More
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. Read More
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. Read More
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. Read More
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. Read More
Graphite explorer Triton Minerals has announced a major offtake deal which will see $255 million invested into their Nicanda Hill operation. Read More
The President of the Republic of Mozambique Armando Guebuza was in Mackay yesterday learning about coal export and infrastructure in the region as part of his Australian tour. Read More
Rio Tinto's massive write-down of Mozambique coal assets proves Australia's deposits and infrastructure are of a higher quality, UBS analysts claim. Read More
Peabody Energy CEO Gregory Boyce has slammed the Australian Government's mining polices, and called for the establishment of commission to ensure resources policies serve the nation's long term interests. Read More