News Articles

Mining 04 Feb 2020

Paladin appoints new CEO

Ian Purdy will replace Scott Sullivan as the new chief executive of Paladin Energy, following the uranium miner's major board upheaval two months ago.

Mining 30 Oct 2015

Mirabela slashes workforce, cuts production

A third of Mirabela Nickel's workforce at the Santa Rita mine and 180 contractors have been made redundant, as the troubled miner begins scaling back production at its nickel project in Brazil.

Mining 29 Oct 2015

KordaMentha appointed to Mirabela

Troubled miner Mirabela Nickel has been placed in receivership after the directors put it into administration last month.

Mining 25 Sep 2015

Mirabela back into administration

Struggling miner Mirabela Nickel has been placed in the hands of administrators, 15 months after the company completed an innovative restructuring to emerge from its first stint in administration.

Appointments 15 Sep 2015

Quadrant Energy appoints Chief Financial Officer

Ian Purdy has been appointed as the inaugural chief financial officer of Quadrant Energy. Mr Purdy will be responsible for overseeing all financial aspects of the company.

Financial Services 13 Jul 2015

Uranium and gold offer glimmer of good news

There is no prize for guessing that iron ore companies have plunged to the bottom of the resources component of this year's TSR survey; but what is interesting is the rise of uranium hopefuls, despite few signs of an imminent increase in the uranium price.

Mining 16 Feb 2015

Mirabela lifts operational performance

Mirabela Nickel shares nearly doubled in value today after the miner announced improved December quarter results and released a strategic review, which forecast an increase in production and lower costs at its flagship Santa Rita mine in Brazil.

Deals 24 Nov 2014

Resources players tap $300m flow

Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.

Mining 13 Oct 2014

Latin America an opportunity for miners

Australian resources companies are under-represented in Latin America's mining sector despite its attractive operating environment, according to a seasoned player in the region.

Mining 26 Aug 2014

Mirabela faces uncertain future

Mineral explorer and developer Mirabela Nickel still faces uncertainty as a going concern after coming out of administration in June, on the back of lower than expected nickel prices.

Mining 26 Jun 2014

Mirabela out of admin, appoints new CEO

Perth exploration firm Mirabela Nickel has confirmed it has left the hands of administrators and has appointed a new chief executive officer.

Mining 01 May 2014

Mirabela output slumps

Mirabela Nickel has reported a 14 per cent drop in nickel production for the March quarter as the cash strapped company seeks to undertake a complex restructuring.

Deals 07 Apr 2014

Local IT and technology players woo investors

SPECIAL REPORT: Waning interest in the resources sector has encouraged a pick-up in IT and tech companies.

Mining 18 Mar 2014

GFR calls in administrators

Mine site water infrastructure group GFR has become the sixth Perth-based company to call in administrators in as many weeks, citing deteriorating trading conditions and significant contract delays.

Mining 25 Feb 2014

Mirabela proposes survival plan

Mirabela Nickel has proposed a complex restructuring that involves placing the company into administration, raising new capital and implementing a debt-for-equity swap that will leave current shareholders owning just a small fraction of the embattled mining company.

Financial Services 03 Feb 2014

Waterberg WA's top performing stock in 2013

The Waterberg Coal Company was Western Australia's best-performed listed entity in 2013, providing a whopping 38,748 per cent return to shareholders, according to BNIQ data.

Appointments 13 Jan 2014

Mirabela directors resign from board

Mirabela Nickel chairman Geoff Handley and directors Colin Steyn and Peter Nicholson have all resigned from the board of the embattled company, which remains in a trading freeze as it works to restructure its $US454 million of debt.

Mining 22 Nov 2013

Mirabela on the brink

Embattled miner Mirabela Nickel has formally acknowledged “significant uncertainty” about whether it will continue as a going concern, after Canadian regulators issued a ‘cease trade' order.

Mining 05 Nov 2013

Mirabela in legal stoush over smelter

Mirabela Nickel's problems have taken a turn for the worse after one of its two customers flagged that it would seek to immediately exit a concentrate sales agreement on the basis of a force majeure, or unavoidable accident, at its nickel smelter.

Mining 01 Nov 2013

Mirabela seeks financing lifeline

Struggling miner Mirabela Nickel says it is in discussion with financiers to come to an agreement which will allow it to avoid defaulting on its obligations.

Financial Services 24 Oct 2013

Mirabela receives SD credit rating

Perth-based miner Mirabela Nickel has been hit with a 'selective default' rating following a missed interest payment.

Mining 22 Oct 2013

Mirabela Nickel misses payment

Mirabela Nickel has disclosed that it has missed an interest payment on a debt structure as the possibility of a default looms for the struggling miner.

Mining 09 Oct 2013

Mirabela suspends shares from trade

Struggling miner Mirabela Nickel has suspended its shares from trading in the wake of a horror month for the company.

Mining 27 Sep 2013

Mirabela smashed after market update

Mirabela Nickel plans to pursue new strategic and funding options after announcing multiple setbacks at its Brazilian mining operations, including the loss of one of its customers and a likely increase in capital expenditure.

Financial Services 07 Jun 2013

AHG, Sirius into ASX200 index

Leighton Holdings and Perseus Mining were among the losers from the latest rebalancing of Australian stock market indices, while Automotive Holdings Group and nickel explorer Sirius Resources were

Deals 23 Jan 2013

Freehills prevails in a shrinking market

THE past 12 months was a lean time for lawyers working in the corporate finance field, with a slump in both takeover deals and capital raisings.

Property 17 Oct 2012

Syndicate takes punt on strong CBD market

A CONSORTIUM of private investors has kicked off construction of a Perth CBD office building without pre-committed tenants, punting on the continuing strength of the market.

Deals 15 May 2012

Mirabela launches $120m raising plan

Mirabela Nickel has launched a $120 million capital raising, to boost the company's coffers after its stocks plunged to a near all-time lows due to tough conditions in the nickel market.

Mining 09 May 2012

Mirabela Nickel shares plummet

Mirabela Nickel has confirmed that it is considering launching a capital raising after its shares were halted from trade, following a 30 per cent plunge in value to a near all-time low.

25 Oct 2011

Mirabela surges on record output

Perth-based miner Mirabela Nickel was the standout performer on the Australian Securities Exchange today, after it reported record levels of nickel production and sales for the September quarter.

Special Reports 13 Jan 2011

Strong finish to year of mixed fortunes on markets

Patersons Securities has retained top spot in WA Business News' annual survey of capital raisings, followed by Hartleys, Euroz Securities and Macquarie Capital Advisers.

Financial Services 14 Dec 2009

Mirabela to tap market again

Miner Mirabela Nickel will again tap the market for funds, less than five months after it raised $117 million.

04 Dec 2009

Burton replaces Clough as Mirabela chair

Mirabela Nickel has today appointed Craig Burton as the miner's new chairman, taking over from Bill Clough who remains on the boad as a non-executive director.

Mining 03 Nov 2009

Mirabela produces first nickel

Mirabela Nickel will ramp up production at its Santa Rita operation in Brazil over the next three months as it produces its first nickel concentrate.

Financial Services 04 Sep 2009

Mirabela Nickel enters top 200 club

Brazil-focused Mirabela Nickel has entered the top 200 club as Standard & Poor's conducts its quarterly rebalancing of Australian equity indices.

Financial Services 29 Jul 2009

Mirabela taps market for $117m

Mirabela Nickel plans to raise a further $16.5 million after securing agreements to raise more than $100 million to fund cost overruns at its Santa Rita nickel project in Brazil.

Financial Services 28 Jul 2009

Mirabela taps equity market again

Shares in Mirabela Nickel have been placed in a trading halt as it undertakes another capital raising to help pay for cost overruns at its Santa Rita nickel project in Brazil.

13 May 2009

Mirabela raises $11m for Santa Rita

Mirabela Nickel has added a further $11 million to its war chest to provide additional working and development capital for its Santa Rita nickel project in Brazil.

Financial Services 19 Mar 2009

Mirabela clears hurdle for $182m raising

Mirabela Nickel has cleared one hurdle in its bid to raise some much needed funds, with a planned $182 million capital raising receiving shareholder approval today.

Financial Services 16 Mar 2009

Mirabela plans $182m capital raising

Mirabela Nickel plans to raise some $38 million more than the required amount of its debt facility condition in a bid to complete development of its Santa Rita nickel project in Brazil.

News Articles for Mirabela Nickel

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