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Mining

MZI falls into administration

McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.

Altech raises $18m

Altech Chemicals has raised $18 million via a share placement, with the proceeds to primarily go towards the company’s high purity alumina (HPA) plant in Johor, Malaysia.

Lynas posts 33% March quarter output jump

Takeover target Lynas Corporation has reported a 32.5 per cent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers.

Antipa completes $5.1m raising

Antipa Minerals has announced it completed a $5.1 million capital raising, with the funds set to further its exploration in the Paterson province of the Pilbara.

MinRes declares pricing for $975m debt raising

Mineral Resources has announced the pricing of its US$700 million ($975 million) worth of senior unsecured notes due in 2027 will pay a return at a rate of 8.125 per cent per annum.

Hutchinson back with $16m Ausdrill deal

Ausdrill has sold its waterwell drilling business to the Peter Hutchinson-chaired Vysarn for $16 million, and the ASX hopeful is seeking to raise $13 million.

Sumatra to follow Orinoco into administration

Sumatra Copper & Gold has announced it intends to appoint Wilkins Kennedy Amersham as administrators of the company, less than a week after Orinoco Gold went into administration.

Stavely to raise $4.2m

Copper and gold explorer Stavely Minerals has announced it is has raised $3.2 million via a share placement, and is looking to receive a further $1 million through a share purchase plan.

Flinders dumps delisting plans

Flinders Mines has abandoned its bid to delist from the ASX, following a battle with minority shareholders over the proposal.

Battery HQ for Curtin, $110m project build deal awarded

The federal government has allocated $25 million towards a battery industry research initiative to be headquartered at Curtin University, while the Bentley-based university today announced it had awarded the main construction contract for a $110 million development.

$200m+ Yilgarn iron project making progress

Toronto-listed Macarthur Minerals is moving forward with a proposed magnetite project in the Yilgarn, after announcing yesterday that it had chosen Aurizon as its rail haulage operator.

Spectrum raises $5m

Spectrum Metals has received firm commitments from investors to raise $5 million via a share place, with the funds set to go towards the company’s Penny West gold project in Western Australia's Mid West.

Juniors to raise $15.1m

Three junior explorers have announced capital raisings, with Beacon Minerals and Galan Lithium allocating the funds raised towards their respective flagship projects, while Pacifico Minerals is seeking to acquire a project.

Wesfarmers defends Malaysian govt discussions

Wesfarmers said its talks with the Malaysian government about Lynas Corporation had been mischaracterised, as the rare earths miner confirmed it was considering Western Australian sites for materials processing from its Mt Weld mine.

Westgold sells lithium royalties for $15m

Westgold Resources has sold two lithium production royalties in the Goldfields to Silverstream, just over four months after it terminated an agreement to sell the royalties to the same company.

SRG wins $18m Super Pit contract

SRG Global has secured an $18 million contract with Kalgoorlie Consolidated Gold Mines, less than a week after it announced it won up to $115 million worth of drill-and-blast services contract extensions with Evolution Mining.

Kalium’s Beyondie gets green light from EPA

Kalium Lakes’ proposed $284 million Beyondie sulphate of potash project has been recommended for approval by the Environmental Protection Authority.

Wesfarmers confirms Malaysian govt talks for Lynas

Wesfarmers has confirmed it engaged in discussions with the Malaysian government in regards to its takeover target, Lynas Corporation, as the rare earths miner revealed it may set up processing operations closer to its Mount Weld mine near Laverton.

Not all is gold for Swick as it wins $210m of work

Swick Mining Services has announced $210 million of new work, but failed to extend three contracts at Australian gold mines.

Adaman buys Burbanks for $5.8m

ASX-listed Maximus Resources has reached a sale agreement for its Burbanks gold processing plant in the Coolgardie region to privately owned, Perth-based Adaman Resources.

SRG secures up to $115m of work with Evolution

Subiaco-based SRG Global has won a drill-and-blast services contract extension with Evolution Mining at several of its gold mines in Australia.

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