“We believe the planned development of the Miraflores gold mine will provide the backbone for transforming the company"
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It follows an extensive early-stage exploration programme carried out in the first quarter
The reserve comes in at 34.5mln tonnes of ore grading 0.65% lithium oxide
Despite suggestions last week that it might struggle to drum up the necessary support, 96% of Pallinghurst investors have backed the takeover
Rio said Yancol’s revised offer comprises US$2.45bn in, cash payable in full on completion, as well as US$240mln via unconditional guaranteed royalty payments
It's recently taken on debt to make an acquisition and is committed to investing in growing the business and making it more efficient
The acquisition will immediately boost Michelmersh's earnings and will give the company access to new regional markets.
Glencore said it is offering US$2.675bn in cash, plus a coal price linked royalty for Rio’s Coal & Allied subsidiary, an increase on its US$2.55bn offer made earlier this month
Pallinghurst needs shareholder approval if it wants to push ahead with its offer for Gemfields, but market sources think that still might not be the end of the bidding war
Pallinghurst needs at least half of its investors to back the deal which it claims it has already received, but Fosun Gold and Gemfields disagree
Fosun has lodged a firm cash offer of 45p for each Gemfields share
It is acquiring Vancouver-based Helio Resource Corp, raising US$14mln from investors, and has agreed a debt restructuring deal
The cobalt price has been on a tear in recent months, but it may just be the early signs of something much, much bigger
Finncap estimates the shares are worth 11p on a risked basis or more than double the current share price.
'Progress on offtake deals is the main catalyst to further stock re-rating'
MacKenzie, who was considered one of Australia's most successful chief executives in his 10 years running Amcor Ltd, will succeed current BHP chairman, Jac Nasser from September 1
Eurasia Mining is making significant progress with its Russian platinum projects
Greenhills Resources has bought a 49.5% stake in Dawnmin Africa, which owns 85% of the project
The stand-out result came from the BKM058 Zone where twin drill holes confirmed the existence of high-grade, near-surface mineralisation.
The coloured gemstones miner sold US$54.8mln worth of rubies extracted from its Montepuez deposit
Sirius Minerals has started geotechnical work on its North Yorkshire polyhalite fertiliser site
After a meeting with the Tanzania president, Barrick Gold has agreed to “repay all losses that [Tanzania] incurred”
Fosun said its 40.85p a share offer is a "compelling cash alternative"
Thor Mining expects to benefit from the fact that lithium is a key ingredient in batteries that power smartphones, laptops and electric
The US investment group said: "BHP has an entrenched board, with long-tenured directors having approved the disastrous acquisitions and poorly timed share buybacks that are at the root of much of today's underperformance.”