West Perth-based coal mining company GVM Metals Ltd will raise around $6.1 million through a placement to London-based coal miner Asia Energy plc, almost the total cost of buying out its South African coal mining joint venture partner.

West Perth-based coal mining company GVM Metals Ltd will raise around $6.1 million through a placement to London-based coal miner Asia Energy plc, almost the total cost of buying out its South African coal mining joint venture partner.