AIC Mines has agreed to buy the Eloise copper mine in North Queensland from FMR Investments for $27 million, transforming the explorer into a producer.
BHP remains confident that its C$325 million ($350 million) takeover bid to acquire Noront Resources is stronger than the offer made by Andrew Forrest’s Wyloo Metals on Monday.
IGO has upped its profits to $549 million for the 2020-21 financial year following the company’s divestment of its Tropicana gold mine interest and successful capital raising.
Element 25 has shipped its second load of manganese concentrate from the Butcherbird project in Western Australia, setting the stage for it to move to larger shipments to capitalise on shipping tariffs.
Wyloo Metals has ramped up a bidding war against BHP for the acquisition of Canada’s Noront Resources with a significantly upgraded offer of $C0.70 ($0.76) per share for the target.
Mineral exploration expenditure has increased by 33 per cent in the year to June 2021, according to data from the Australian Bureau of Statistics (ABS).
Mako Gold has completed a $10 million placement on the dawn of commencing its 45,000-metre drill program across its assets in Côte d’Ivoire.
Fortescue has delivered its highest iron ore shipments in history at 182.2 million tonnes for the 2020-21 financial year, driving up earnings into record territory.
Australia has surpassed China as the largest gold producer for the first half of the year due to higher output from the country’s major miners, according to Surbiton Associates.
As the mining industry’s smaller players future-proof operations, FLANDERS is at the forefront of providing automated drill solutions.