Australia

Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding

Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding

Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital. According to Metro, the institutional placement was quite popular, gaining support with both existing investors and new parties from both within Australia...

Events

Metro Mining Wins Final Environmental Approval for Operations at Bauxite Hills Mine

Brisbane’s Metro Mining Ltd announced yesterday that it has secured final environmental approval for operations at Bauxite Hills Mine. Metro told investors yesterday that it now has all necessary environmental approvals in hand, which is a feat the firm accomplished in the relatively short time period of two years. The firm also notes the steadfast […]

ABx to Take Next Step in Review of Bauxite Resources at Binjour

Sydney’s Australian Bauxite Limited updated investors on the progress of its flagship project yesterday, advising them that the review of the resources at Binjour are soon to progress to their next logical step. According to ABx, marketing partner Rawmin Mining and Industries Pvt. Ltd has requested to advance with the review at Binjour the two […]

Bauxite Price Drop Has Limited Fiji’s Shipments: Minerals Minister

A drop in the global price of bauxite has taken its toll upon Fiji’s producers of the ore according to Ministry of Land and Mineral Resources permanent secretary Malakai Finau. Though not the only culprit, he told local media earlier today that it is at least one of the primary reasons shipments have been down […]

Metro Mining Negotiates A$40MM Debt Financing Deal to Fund Bauxite Hills Mine

Brisbane’s Metro Mining Ltd announced yesterday the completion of an A$40 million (US$30.17 million) debt-financing facility in order to fund the continuing development of its Bauxite Hills Mine. According to the firm, financiers of the deal are Sprott Private Resource Lending (who will act as the deal’s senior secured lender) and Ingatatus AG Pty Ltd, […]

Altech Raises A$1.85 MM in Share Purchase Plan and Placement

Australian innovator Altech Chemicals Ltd. announced Monday that its recent Share Purchase Plan (SPP) and concurrent placement raised A$1.85 million (US$1.39 million), placing shares in the hands of dozens of new professional and sophisticated investors. According to the company, Altech issued shares at a price of A$0.11 (US$0.08) each, which was a five-percent discount below […]