News Articles

Mining 01 May 2017

Metalicity refloats Admiral Bay plan

SPECIAL REPORT: West Perth-based junior Metalicity is developing a plan to take the Admiral Bay zinc deposit in the Canning Basin to production, two years after the project was bought from the collapsed Kagara Mining.

Mining 15 Aug 2016

IMF to fund Kagara class action

Litigation funder IMF Bentham has announced it will fund a shareholder class action against former directors of collapsed miner Kagara, which went into administration in 2012.

Deals 29 Oct 2015

Atherton accepts $56m takeover offer

Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.

Deals 21 Sep 2015

PE funds circle mines

Private equity groups are on track to gain control of two mining operations, after Aditya Birla Minerals sold its mothballed Mt Gordon operation, while Atherton Resources looks set to be acquired in a takeover valued at about $56 million.

Deals 20 Jul 2015

Auctus lifts Mungana offer to $49m

The private equity group seeking control of Mungana Goldmines has lifted its takeover bid to 17 cents per share, above recent trading levels but below the valuations of the company's independent expert.

Deals 26 Jun 2015

Mungana shareholders reject Auctus offer

Private equity group Auctus Chillagoe's proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana's major shareholders announcing their intention not to accept the offer.

Professions 04 May 2015

KPMG makes a fast start on mining M&A

GREG Evans has got off to a flying start in his new role as KPMG's global leader of mining M&A, with one of the firm's major clients announcing its first takeover bid last week.

Deals 29 Apr 2015

Private equity offer for Mungana

Shares in resources developer Mungana Goldmines have shot up 33 per cent today after an off-market takeover proposal backed by private equity group Denham Capital.

Deals 10 Mar 2015

PLD buys zinc and nickel assets, secures $10m

Perth-based PLD Corporation will proceed with acquiring three zinc and nickel projects, including collapsed miner Kagara's Admiral Bay zinc project, now that it has secured about $10 million from two mining finance managers, including Resource Capital Funds.

Deals 04 Nov 2014

Liontown accepts discounted settlement

Perth-based Liontown Resources says it will accept just $465,500 to satisfy an outstanding settlement around the sale of its Liontown base metal deposit in Queensland to collapsed miner Kagara, which was later offloaded to Red River Resources.

Deals 30 Oct 2014

Kagara finds buyer for Admiral Bay

Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara's Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.

Mining 16 Oct 2014

Kingsgate CEO and CFO exit

Kingsgate Consolidated announced today that chief executive Geoff Day and chief financial officer Austen Perrin have both left the company, just months after joining the gold miner.

Deals 24 Jul 2014

Mungana finalises $15m Kagara asset buy

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

Mining 10 Jul 2014

New dawn for Day at Kingsgate

Former Kagara managing director Geoff Day has been appointed chief executive of Kingsgate Consolidated.

Deals 03 Jul 2014

Red River snaps up Kagara assets

Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.

Mining 12 Aug 2013

Kagara cancels sale agreement

Base Metals miner Kagara has cancelled the sale of half its remaining Queensland assets after negotiations with the purchaser, which failed to come up with $6 million in deposits for the projects i

Deals 28 Jun 2013

Kagara offloads last assets

Administrators for collapsed miner Kagara have sold off the company's remaining Queensland assets in two deals worth more than $71 million.

Appointments 23 May 2013

Day leaves Kagara

Geoff Day has resigned as a director of Kagara, and as a director of its three whollyowned subsidiaries, Mungana, Kagara Copper and Einasleigh Mining. Mr Day is

29 Apr 2013

Today's Headlines

Budget hole hits $12bn

Deals 17 Dec 2012

Administrators sell more Kagara assets

Administrators for collapsed nickel miner Kagara have reached agreement to sell off the group's North Queensland assets for $40 million.

Special Reports 29 Aug 2012

Pipeline slows as big projects near completion

Western Australia's pipeline of significant non-iron ore projects is showing signs of a quick slowdown as construction of major projects is due to be completed by the end of next year.

Mining 27 Aug 2012

Agents appointed to sell Kagara assets

The administrators for collapsed miner Kagara have appointed PCF Capital to sell the company's north Queensland assets, while Rothschild Australia will co-ordinate the sale of the Admiral Bay zinc-

Mining 30 Apr 2012

Kagara appoints administrators

Embattled miner Kagara has called in administrators from Taylor Woodings after making no progress on restructuring its financing arrangements over the past week.

Mining 23 Apr 2012

Kagara stocks in halt ahead of announcement

Shares in base metals miner Kagara have entered a trading halt, with the market speculating the struggling company is set to make a funding announcement.

Mining 13 Apr 2012

Kagara's Robinson joins Energia

Uranium explorer Energia Minerals has recruited Kagara founder Kim Robinson as its managing director.

Mining 12 Apr 2012

Kagara stops work at Qld mine

Shares in Perth-based miner Kagara have sunk to a new low of 12 cents, after it suspended operations at its Baal Gammon base metals project in Queensland.

25 Jan 2012

2012 ... the year of the turnaround?

The past 12 months have been tough for almost anyone involved in the stock market; but for a particular crop of Perth-based miners, 2011 was truly a year to forget.

Mining 14 Dec 2011

Kagara raises $25m for Qld acquisition

Base metals producer Kagara has completed a $25 million share placement at 31 cents per share, to complete the acquisition of its Einasleigh copper project in Queensland and fund exploration activi

Special Reports 30 Nov 2011

Sign-on fee adds zeros to base plus bonus

THREE trends stand out when the salary packages of newly appointed chief executives at Western Australian companies are examined.First,the bigger the company the higher the salary.

Energy 01 Nov 2011

Kagara in talks on Lounge Lizard sale

Perth-based miner Kagara has begun talks with potential buyers of its nickel assets after its mining partner Western Areas indicated it was not interested in a purchase.

24 Aug 2011

On the move

Pettit chairs Port Hedland port board

23 Aug 2011

Write-downs smash Kagara's profitability

Copper miner Kagara has announced a $32.2 million net loss after significant write-downs in the carrying value of two of its underground mines and a strategic review of the company's operations.

05 Jul 2011

Kagara offers to buy Einasleigh mine

Minerals explorer Copper Strike says it plans to accept Kagara's offer to buy its Einasleigh copper project in north Queensland for about $19 million, unless it receives a better proposal.

21 Jun 2011

Kagara opposing Copper Strike JV

Copper miner Kagara says it will vote against Copper Strike's proposedjoint venture development of the Einasleigh copper-gold-silver project in North Queensland with Chinese partners.

Mining 12 May 2011

Kagara aligns with Monto Minerals

WA-based copper and nickel producer Kagara has reached an agreement with explorer Monto Minerals that aims to strengthen Kagara's North-Queensland copper production pipeline.

13 Oct 2010

Copper Strike rejects Kagara bid

The directors of Copper Strike have described a $14.3 million off-market cash takeover bid by Kagara as highly opportunistic.

Financial Services 16 Apr 2010

Kagara to raise $76m for gold spin-off

Kagara has today revealed details of its long-awaited initial public offer for spin-out Mungana Goldmines, which will hold the miner's gold assets.

Mining 06 Jan 2010

Kagara-Western Areas JV first production

Kagara has announced the first ore production from its Lounge Lizard high grade nickel sulphide deposit thanks to a joint venture struck just eight months ago with project neighbour Western Areas.

04 Aug 2009

Chinese firm lifts Kagara stake to 19.9%

Kagara has raised an additional $31 million after China's Guangdong Foreign Trade Group Co elected to increase its interest in the miner to 19.9 per cent.

Government 09 Jul 2009

Kagara moves fast on Forrestania nickel

COPPER and zinc miner Kagara will add nickel to its base metals production portfolio with its Lounge Lizard project set to produce first nickel within the next couple of months.

News Articles for Kagara

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