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Articles by Galaxy Resources
Saracen sells Red 5 stake for $39m
Raleigh Finlayson says the sale proceeds will be used to pay off Saracen's debt. Photo: Attila Csaszar facebook twitter linkedin print Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Saracen buys nickel project for $10m
The Sinclair nickel project was placed on care and maintenance in 2013. Photo: GR Engineering Services. facebook twitter linkedin print Talisman Mining has stuck a deal to sell its Sinclair nickel project to Saracen Mineral Holdings for $10 million in cash plus royalties. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
Saudi sting opens window for WA
Supply continuity from plants such as Pluto is a key factor in WA projects’ pitch to the lucrative LNG markets of Asia. Photo: Woodside facebook twitter linkedin print OPINION: Every cloud has a silver lining, even the attacks on the Saudi Arabian oil industry, because they could provide the incentive for customers to seek more liquefied natural gas from Western Australia. To read more, please Login below or Subscribe.
Woodside invests in Perth company for autonomous subs
The first seismic test will take place in early 2020. facebook twitter linkedin print Woodside Petroleum will invest in Subiaco-based Blue Ocean Monitoring to create autonomous mini-submarines in a bid to make gathering seismic data from the ocean floor cheaper and safer. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
Woodside to reduce stake Scarborough
Woodside is in discussions with BHP about how much to charge for processing Scarborough gas through the Pluto LNG plant. facebook twitter linkedin print Woodside Petroleum expects to reduce its stakes in Australia's Scarborough gas field and Canada's Kitimat liquefied natural gas project, which would help it reduce its capital expenditure, its chief executive told Reuters. To read more, please Login below or Subscribe.
Orange Sky wins corporate backing
: Louis Beukes says the funding will have a much bigger effect on individuals than just washing their clothes and giving them a shower. Photo: Gabriel Oliveira facebook twitter linkedin print A unique mobile service for homeless people will benefit from a recent injection of funding. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Resources dependence exposes WA
Woodside is working to align the interests of its partners in the North West Shelf project. Photo: Woodside facebook twitter linkedin print OPINION: Global economic and political events may dampen demand for minerals from some major WA projects. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
Gold miners reap rewards of strong market
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Saracen profit up, to pay first dividends
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Galaxy flags Mt Cattlin writedown of up to $274m
Galaxy Resources said it expects to record a non-cash impairment charge of between $US150 million ($222 million) and $US185 million ($274 million) for the first half of 2019, reinforcing the current bleak conditions in the lithium sector.
Resolute launches $US274m takeover offer
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Sandfire hits record production, but outlook weakens
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Regis’ hits record output, but costs rise
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Saracen posts strong FY
Raleigh Finlayson says the company’s production and cost base was consistently in line with, or better than, its guidance.
Galaxy beats guidance
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Sandfire set to acquire MOD for $167m
Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD’s board backing the improved offer.
Saracen makes $38m takeover bid for Bligh
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Saracen makes $38.2m takeover bid for Bligh
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Galaxy abandons JV search for Sal De Vida
Galaxy Resources has abandoned its search for a joint venture partner for Sal de Vida, after no company was willing to inject enough capital for the Argentinian project.
Record production for Saracen
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Galaxy gets new chief executive
Mr Rowley said Mr Hay's operational expertise can also be applied to optimising and extending the life of the company’s existing operations at Mt Cattlin in Western Australia.
Sandfire to spend up to $30m in Alaska JV
Sandfire Resources has announced an earn-in and joint venture option agreement with ASX-listed White Rock Minerals for a stake of up to 70 per cent in the multi-commodity Red Mountain project in central Alaska.
Topham drills through adversity
Tim Topham and his brother had little to show for their business dream in 2006, spending their nights on mattresses in their newly purchased yard in Boulder. By day they pieced together their business plans and sought finance for their first drilling rig. More than a decade later the company they created, Topdrill, now has 20 rigs and 216 staff, and has worked with clients such as Northern Star Resources and Sandfire Resources. But it was not an easy journey for the New Zealand-born Mr Topham.
Doray Minerals in $15m sale
Gold and copper producer Doray Minerals has announced the sale of its Andy Well and Gnaweeda gold projects to Westgold Resources, in a cash and scrip deal worth $15 million.
Alkane invests $3.7m in Calidus
Burswood-based Alkane Resources has invested $3.7 million in gold explorer Calidus Resources, with the proceeds to fund completion of a pre-feasiblity study at the Warrawoona project in the Pilbara. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Millennium to hit top-end guidance
Local gold producer Millennium Minerals says it is on course to hit the top end of its guidance for 2018 on the back of a strong second half performance. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Tribune, Rand flag $250m payout
Shares in local gold miners Tribune Resources and Rand Mining have soared today, after each announced special dividends worth a combined $250 million, following an adverse ruling by the Takeovers Panel on Monday. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Panel makes adverse ruling on Tribune
The Takeovers Panel has made a finding of unacceptable circumstances against ASX-listed Tribune Resources, which is led by managing director Anthony Billis. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Galaxy Resources jumps on $371m asset sale
Galaxy Resources shares have surged after the lithium miner announced a $US280 million ($A371 million) asset sale deal with Korean giant Posco.
Volt secures $4.7m
Perth-based Volt Resources has raised $4.7 million through a strongly supported exercise of listed options with the proceeds to be used to develop the company’s Tanzanian graphite project. The company said that about 235 million options had been exercised at two cents each, representing around 90 per cent of option holders. To read more, please Login or Register below
Lithium Miner News For The Month Of May 2017
Welcome to the "monster" sized May 2017 edition of the lithium miner news. The past month has seen lithium prices rise, and an enormous volume of good news. During May, 99.5% lithium carbonate China spot prices rose 2.92% for the month. Of note Chinese lithium cobalt oxide spot prices fell 1.67% for the month. The graph above shows April 2017 lithium carbonate contract prices at US$14-15,500/t, and lithium hydroxide at US$16,300/t.
New Troy drill hits outside of existing resource
An exploration update from Troy Resources has delivered some good news for investors, with recent drilling making the first ore-grade hits outside the Karouni mine resource area in Guyana. The Perth-based gold producer has been drilling a number of targets in the historical fields around the Smarts and Hicks open pits that feed the recently commissioned Karouni gold mine.
GBM merger canned after funding falls through
Gold explorer GBM Resources has been forced to terminate merger plans with Canadian company WCB Resources after a loan agreement with a funding party fell through. Mount Pleasant-based GBM said today that a loan agreement entered into with National Federal Capital for a $10 million facility in October had been terminated today after drawing down just $1.5 million.
Galaxy raises $61m for Americas ventures
Galaxy Resources has set the bar for the largest capital raising undertaken by a WA-based company for 2017, announcing a $61 million capital raising to fund development work at its lithium assets in the Americas. After several days of market speculation, Galaxy confirmed this morning that it had received commitments from existing and new investors for the $61 million raising, by way of the placement of 113 million shares at 54 cents each.
Independent review identifies 11 high priority gold targets for Troy
Troy Resources have identified 11 new high-priority gold exploration targets near their Karouni mine in Guyana, South America, following a major review of geophysical data. The recently commissioned mine is at the centre of one of South America’s richest areas for artisanal mining, however, there has been very little modern exploration in the region. Consequently only sparse information existed to guide exploration targeting.
Galaxy borrows $US40m to pay debt
Galaxy Resources has secured a $US40 million ($A53 million) facility with BNP Paribas to square off its existing owings to investment group OCP Asia. Perth-based Galaxy, which recently moved from explorer to miner after restarting operations at its Mt Cattlin lithium mine near Ravensthorpe, will draw down on the facility before the end of the month, in order to meet upcoming debt repayment deadlines with OCP.
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