Finance & business

The strategic partnership will drive increased openness in the mining industry.

Tirupati Graphite PLC, a flake-graphite company with projects in Madagascar and India, has announced a private placement of up to £3 million in convertible loan notes to fund its development and growth strategies.

As part of this strategic investment Tasmania Energy Metals and NQ are evaluating whether it is commercially and financially viable to develop an integrated facility.

Stakeholders are concerned that the industry is lagging when it comes to a number of factors that have not been a traditional focus of the mining industry.

Sandspring Resources has reported positive results from a preliminary economic assessment of it Toroparu gold project in Guyana.

Following the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth.

A combination of the diversified product mix supporting revenue, continuous production process improvement and commitment to keeping costs low resulted in improved reported profitability.

Northern Vertex Mining Corp reports the company’s financial results for the third fiscal quarter of 2019, ended 31 March 2019.

Hallamshire Engineering Services, a manufacturer of materials handling equipment, has reported increasing demand for specialist wear resistant coatings.

Agnico Eagle Mines Ltd achieved commercial production at its Meliadine mine on 14 May 2019.

Avino Silver & Gold Mines Ltd has reported its AGM results and has announced the appointment of a new director to its Board.

Teck has announced a share buyback increase to CAN$1 billion and a redemption of US$600 million principal amount of notes.

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 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 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.