Shares in Subiaco-based AIC Mines closed 9 per cent down to 53.5 cents per share on Friday, following news that the company plans to raise $57.2 million in order to advance its Queensland-based Jericho copper mine.
Shares in ASX-listed WIA Gold rose by 18 per cent on Monday, following news that the company would raise $16.9 million in order to enhance project growth and exploration activities.
Our daily board moves wrap includes Zhao Tong, Josef El-Raghy, Aaron Colleran, Brett Montgomery, Peter Evans, Richard Baumfield, Ronald Beevor, Albert YuZi Zhou, and Phil McKeiver.
Intrepid Mines and AIC Resources have agreed to a revised merger deal, less than three weeks after Intrepid's initial attempt to acquire the Subico-based gold junior lapsed.
Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.
SPECIAL REPORT: Some of WA's top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.
Africa-focused gold explorer Ampella Mining has appointed Josef El-Raghy as chairman.Mr El-Raghy, who is also chairman of Egyptian gold producer Centamin, will replace Peter Mansell.
Subiaco-based gold explorer Ampella Mining has recommended its shareholders approve a proposed $41 million off-market takeover bid from Egypt-focused miner Centamin.
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
