Esmarie Iannucci

Allegiance raises funds for Tenas

14th June 2019 ASX-listed Allegiance Coal will raise A$2.6-million through a share placement priced at 7.5c a share. The company on Friday said that it would place more than 35.3-million shares to institutional investors, to fund its working capital requirements at its Tenas metallurgical coal project, in Canada. →

Kore sets sights on $13m capital raise

14th June 2019 ASX- and Aim-listed Kore Potash is hoping to raise $13-million through a share placement to fund work at the Sintoukola potash project, in the Republic of Congo. Kore on Friday said that the placement will be conducted through an accelerated bookbuild, which will be launched immediately. →

Rio Tinto’s AutoHaul brings freight rail into 21st century

14th June 2019 Mining major Rio Tinto on Friday officially rolled out its $940-million AutoHaul rail technology programme, marking the world’s first automated heavy-haul long distance rail network. Rio’s 2.4 km-long trains, running a network of 1 700 km of track, has now safely travelled more than 4.5-milion... →

QRC hoping for a stay on gas tax

14th June 2019 The Queensland Resources Council (QRC) has called on the Queensland government to delay the 2.5% increase in gas royalties until January 2020. During the state Budget earlier this week, the government revealed a surprise hike in the petroleum royalty rake, taking it from 10% to 12.5% with the... →

Higher prices drive BCI earnings

14th June 2019 Higher iron-ore prices and lower exchange rates have seen ASX-listed junior BCI Minerals update its earning expectations for its Iron Valley mine, in the Pilbara. BCI Minerals had previously estimated that earnings before interest, taxes, depreciation and amortization (Ebitda) from the mine would... →

Saracen makes another play for Bligh with A$38m offer

14th June 2019 Gold miner Saracen Mineral Holdings on Friday made a A$38.2-million all-scrip takeover offer for fellow-listed Bligh Resources, prompting the takeover target to withdraw an entitlement offer to raise up to A$2.8-million. Saracen is offering Bligh 0.0369 of its own shares for every Bligh share... →

Fortescue ventures into South Australian copper

14th June 2019 Iron-ore major Fortescue Metals has struck farm-in and joint venture (JV) agreements with two ASX-listed juniors in South Australia, as it hunts for copper and gold in the region. Tasman Resources on Friday announced a farm-in and JV agreement over its Vulcan exploration licence, which adjoins... →

Titan considering legal options over ex-Core CEO allegations

13th June 2019 ASX-listed Titan Minerals on Thursday revealed that it has engaged Canadian and Australian litigation council to consider its legal options following comments made by the former CEO of takeover target Core Gold. Keith Piggott’s appointment as president and CEO of Core Gold was terminated... →

Lake Way proves up for Salt Lake

13th June 2019 A scoping study into the Lake Way sulphate of potash (SOP) project, in Western Australia, has shown that the project could produce some 200 000 t/y of premium-grade SOP over a mine life of 20 years. ASX-listed Salt Lake Potash on Thursday reported that the project could have the lowest... →

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Esmarie Iannucci

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