Kincora Copper chairman Rickus dies
Kincora Copper Ltd (CVE:KCC) chairman John Rickus has died
Company
CVE:KCC
Kincora Copper is an active explorer and hybrid prospect generator led by an industry leading technical team targeting Tier 1 scale discoveries in New South Wales, Australia. With a district-scale portfolio across the Macquarie Arc and Cobar Basin of the Lachlan Fold Belt, the company combines partner-funded exploration, wholly owned discovery opportunities and a capital-efficient strategy designed to create multiple shots on goal.
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Kincora Copper Ltd (CVE:KCC) chairman John Rickus has died
Kincora is embarking on a major financing exercise which will allow it to capitalise on a commanding land position in Mongolia
There has been strong interest from potential investors in the Ibex transaction and Kincora's corporate strategy.
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The weekly round up of news and updates from the mining sector.
Kincora Copper shares jumped more than 14% on Friday after the company announced that Ivanhoe Industries, through affiliates HPX Mongolia (Singapore) Pte Ltd. and GCR Holdings Ltd. (Singapore), now holds 15.8% of Kincora's common shares
Kincora Copper has moved to consolidate the southern Gobi copper belt in conjunction with a company ultimately controlled by Robert Friedland
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Top story this week - Lucara's massive diamond breaks auction records. Even bigger one to come.
Copper porphyries like Oyu Tolgoi tend to occur in clusters focused on key geological structures within established belts.
There was a sharp reduction in salaries and management fees to C$24,000 from C$590,000 the year before.
The new licence, Ulaan Khudag, is 15km along the mineralised trend from the huge Rio Tinto-controlled mine
The explorer Kincora reckons now is a good time to go shopping for new assets
Formal clearance of the note and share issue has been received
Mongolia-focused mining junior Kincora (CVE:KCC) announced it was to settle interest on a convertible loan, now renegotiated, by issuing shares. .
Kincora Copper has rolled over its debt to major shareholder Origo
Kincora repeated it is also looking outside of Mongolia for near construction and production assets.
Archive
It's deja vu all over again for African Potash as it inked another fertiliser deal.
Fertiliser, in particular potash, has been at the forefront of the small cap mining space this week.
Investments and investor services
Mongolia is in focus today ... and it is not often you can say that
Following the resolution of a legal dispute, Kincora Copper has resumed field activities on its Mongolian exploration properties
Investments and investor services
It was a relatively quiet news day, with energy stories dominating