https://www.engineeringnews.co.za

Metals X to announce corporate restructuring, capital raising

2nd August 2016

By: Mariaan Webb

Creamer Media Contract Publishing Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Diversified miner Metals X is to announce a corporate restructuring, the company revealed this week, when it requested a trading halt from the ASX.

Metals X, which has gold and base metals assets, also plans to announce a capital raising, and said that details would be unveiled on Thursday.

In its presentation delivered at the Diggers and Dealers Forum in Kalgoorlie, in Western Australia, on Tuesday, Metals X pointed out that it was a growing gold miner, but that this was partially ignored in the current pure-play gold upsurge.

The gold division has mineral resources of 15.4-million ounces and ore reserves of 2.9-million ounces.

The base metals assets comprise a tin division, nickel division and other base metals division.

The company believes it has immediate growth options in gold, tin and copper and that it has a world-class nickel/cobalt/iron megaproject.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 1.198s - 140pq - 2rq
Subscribe Now