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Articles by Sumatra Copper
Sumatra to follow Orinoco into administration
Sumatra Copper & Gold has announced it intends to appoint Wilkins Kennedy Amersham as administrators of the company, less than a week after Orinoco Gold went into administration.
Rand calls for panel review
Orders from the Takeovers Panel forcing Rand Mining to sell its $60.1 million stake in closely linked gold miner Tribune Resources have been put on hold following a review application. 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.
BCI in $35m iron ore sale
BCI Minerals has sold its Kumina iron ore project in the Pilbara to Chris Ellison-led Mineral Resources for $35 million. 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.
Finders in board overhaul
Finders Resources has announced a board overhaul following the recent $177 million takeover by Indonesian group Eastern Field Developments, with David Fowler appointed as acting chief executive.
OZ Minerals makes $444m play for Avanco
Copper miner OZ Minerals has launched a $444 million takeover bid for Avanco Resources, sending shares in the Subiaco-based, ASX-listed exploration firm skyrocketing.
Core secures BCI drilling contract
Core Drilling Services has secured a contract with BCI Minerals for a major drilling program planned at its Buckland iron ore project located in the Pilbara. Under the contract, Core will drill approximately 300 reverse circulation holes for about 14,500 metres with work expected to begin later this month. The work is expected to last for three months.
BCI and Sinosteel in MOU
Perth-based BCI Minerals, formerly BC Iron, has signed a non-binding memorandum of understanding with Chinese steel producer Sinosteel in relation to BCI’s Buckland project in the Pilbara. The agreement provides a framework for potential binding agreements regarding marketing and offtake, engineering services and funding and joint venture structures. To read more, please Login or Register below
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