Northern Star Resources’ celebration at joining the S&P-ASX 100 index was marred yesterday when the company was forced into a trading halt shortly after announcing the sale of its Plutonic gold mine.
Metals X called a trading halt late yesterday ahead of a “proposed restructuring and co-incident capital raising”, only hours after executive director Peter Cook talked up the benefit of a spin-out of its gold assets.
Prominent economist John Lipsky, the former deputy boss of the International Monetary Fund, says China knows what levers it needs to pull to clean up an economy with too much debt in the private sector and among state-owned enterprises.
Cameco says it remains committed to the Yeelirrie uranium project in the Mid West despite WA’s environmental regulator urging the State Government to block the mine development.
Fortescue Metals Group chief executive Nev Power has added his voice to a growing chorus of miners urging their industry to become “normal businesses” and prioritise cash flow and dividends over growth.
Chris Bonwick, one of the many great geologists produced by Western Mining Corp, has won the G.J. Stokes Memorial Award in recognition of his drive to turn Independence Group from a start-up into a successful billion-dollar mining company.
Hong Kong-listed China Hanking Holdings was forced to abandon a planned float of its WA gold mines because of regulatory issues with the Hong Kong exchange, according to Hanking Gold boss Mark Yumin Qiu.
Pilbara Minerals managing director Ken Brinsden says he is not concerned at the emergence of Chris Ellison’s Mineral Resources in Pilbara lithium, saying he does not believe MinRes can match the best offers of the company’s Chinese off-take partners.
It’s like finding the needle in the haystack.
Gold’s universal value brings with it no shortage of security challenges for those who mine and refine it.
The Canadian buyer of Northern Star Resources’ Plutonic gold mine will spend up to $65.5 million in cash and scrip in a multi-layered deal outlined by the WA gold miner today.