Business and Finance
Highfield Resources Limited (ASX:HFR) has received a significant boost in its transformational deal with Yankuang Energy Group Co., Ltd. The Australian Foreign Investment Review Board (FIRB) has issued a statement of no objection to Yankuang Energy's proposed subscription of up to US$376 million in Highfield shares, priced at $0.50 per…
Amaero International secures US$23.5m loan from EXIM Bank
Amaero International Limited (ASX:3DA) has announced a significant financial milestone, securing a US$23.5 million loan from the Export-Import Bank of the United States (EXIM). The loan, equivalent to $37.8 million, was unanimously approved by EXIM's bipartisan Board of Directors and will be provided to Amaero's wholly-owned U.S. subsidiary, Amaero Advanced…
Gold Resource Corporation announces US$2.5m registered direct offering
Gold Resource Corporation (NYSE American: GORO) has announced a registered direct offering of up to 15,625,000 shares of its common stock at US$0.16 per share, aiming to raise approximately US$2.5 million in gross proceeds. The company expects to close the sale within the next 10 days, subject to customary closing…
Gold Road Resources reports record quarter at Gruyere Mine
Gold Road Resources (ASX: GOR) has announced a record-breaking performance at its Gruyere gold mine for the December 2024 quarter, capping off a strong year of production. The Gruyere mine, a 50:50 joint venture with Gold Fields (JSE: GFI), achieved its highest quarterly output to date, producing 91,631 ounces of…
Newmont Corporation to sell Cripple Creek & Victor operation for up to US$275m
Newmont Corporation (ASX: NEM) has announced an agreement to sell its Cripple Creek & Victor (CC&V) operation in Colorado, USA, to SSR Mining Inc. for up to US$275 million in cash consideration. This transaction is part of Newmont's ongoing divestiture program aimed at streamlining its portfolio of Tier 1 gold…
Northern Star Resources to acquire De Grey Mining in $5b deal
Northern Star Resources Ltd (NST) has announced a binding agreement to acquire De Grey Mining Ltd (DEG) in a deal valued at approximately $5 billion. The acquisition, which is set to significantly enhance Northern Star's position in the global gold market, will be executed through a recommended scheme of arrangement.…
Cokal forges strategic partnership with Cratus Group
Cokal Limited (ASX: CKA) has announced a transformative strategic partnership with Cratus Group, a leading bulk commodities and investment powerhouse, backed by a US$20 million funding injection. This collaboration aims to accelerate the development of Cokal's coal assets in Central Kalimantan, Indonesia, and enhance vital transport infrastructure to unlock the…
Newmont to sell Musselwhite operation for US$850m
Newmont Corporation (ASX: NEM) has announced an agreement to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd for up to US$850 million. The deal includes US$810 million in cash upon closing and potential contingent payments of up to US$40 million. The transaction is expected to be finalised…