FAMUR delivers stable quarter results
A combination of the diversified product mix supporting revenue, continuous production process improvement and commitment to keeping costs low resulted in improved reported profitability.
Finance & business
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Northern Vertex reports its financial results for third fiscal quarter 2019
Northern Vertex Mining Corp reports the company’s financial results for the third fiscal quarter of 2019, ended 31 March 2019.
Industry demand high for wear resistant coatings
Hallamshire Engineering Services, a manufacturer of materials handling equipment, has reported increasing demand for specialist wear resistant coatings.
Agnico Eagle achieves commercial production at its Meliadine mine
Agnico Eagle Mines Ltd achieved commercial production at its Meliadine mine on 14 May 2019.
Avino reports AGM results and appoints new director
Avino Silver & Gold Mines Ltd has reported its AGM results and has announced the appointment of a new director to its Board.
Teck to apply additional CAN$600 million to total share buyback
Teck has announced a share buyback increase to CAN$1 billion and a redemption of US$600 million principal amount of notes.
Champion Iron finalises refinancing to optimise capital structure and transaction to acquire 100% of Bloom Lake
Champion Iron Limited’s subsidiary Québec Iron Ore Inc. (QIO) has concluded an agreement in principal with la Caisse de dépôt et placement du Québec (CDPQ) for a preferred share offering of CAN$185 million to fund strategic initiatives and to refinance QIO’s current outstanding credit facilities.
Sibanye’s proposed acquisition of Lonmin receives necessary shareholder approvals
Sibanye Stillwater has announced that it has received the necessary approvals needed from Lonmin Plc shareholders regarding its all-share offer to acquire Lonmin.
Gold Fields reports successful buyback of US$250 million of 2020 notes
Gold Fields Limited has announced the successful buyback of US$250 million of the outstanding 2020 notes at 102% of par as compared with a premium of 101.73% of par at the close of business on Friday 24 May 2019.
Comstock Mining announces accelerated payment on Lucerne transaction
Comstock Mining Inc. has announced an update on the completion of the sale of its Lucerne properties. Tonogold Resources, Inc. has accelerated paying the non-refundable, US$3.5 million stock-based component of the purchase price.
Orway Mineral Consultants create Orway IQ for remote optimisation consulting
New JV company Orway IQ will deliver remote optimisation consulting for the global mining industry as part of government project funding.
Barkerville Gold Mines makes management change
Barkerville Gold Mines has appointed a new Vice President of Operations.
Lundin Mining announces sale of interest in Kokkola cobalt refinery
Lundin will sell its cobalt refinery in Kokkola and related cobalt cathode precursor business to Umicore.
MCA appoints new Chair
The Minerals Council of Australia (MCA) has today appointed a new Chair to lead the organisation.
Wesfarmers and Kidman enter into Scheme Implementation Deed
Wesfarmers and Kidman Resources Ltd enter into a Scheme Implementation Deed, which reinforces the terms of Wesfarmers’ proposal to acquire 100% of the outstanding shares in Kidman.