Location of the Fort Cady and Salt Wells Projects. Image credit: American Pacific Borates Limited. American Pacific Borates Limited (ABR or the Company) has signed a Letter of Intent (LOI) with Compass Minerals America Inc. (Compass Minerals), a subsidiary of NYSE-listed Compass Minerals International, Inc., to progress negotiations with respect to Compass Minerals taking responsibility for the sales and marketing of sulphate of potash (SOP) from ABR’s Fort Cady Borate Mine. The Fort Cady Project is located in the southeastern desert region of San Bernardino County, California. It is near the town of Newberry Springs, approximately 50 kilometres east of…
Big Sandy, Extensive Lithium Mineralised Sediments. Image credit: Hawkstone Mining Ltd. Hawkstone Mining Ltd (Hawkstone) is now trading on the US-based OTCQB market under the code of OTCQB: HWKMF. This important step in the growth aspirations for the company follows on from the significant interest shown by North American investors and is part of Hawkstone's strategy to raise awareness of the 100 per cent owned Big Sandy Lithium project in Arizona, USA. Hawkstone's Managing Director, Paul Lloyd, said: “We are very pleased to commence trading on the OTCQB as part of raising the company’s profile in the USA. With a…
Image: Two diesel-electric trucks being used at a mine in Queensland. With a trend towards a low carbon future, we look at some of the opportunities, trends and challenges in reducing the carbon footprint of commodities and the mining operations that supply the industry, and find out whether it is really is possible to build a ‘green mine’. Are there opportunities in mining to reduce emissions (emissions produced directly by the mining operation, or power consumed in the mining operation? For the cynics out there, a green mine is now possible given the nature of technology now available. Today, there…
Oracle Ridge. Image courtesy of Eagle Mountain Mining Limited. Eagle Mountain Mining Limited (Eagle Mountain or the Company) has executed a binding agreement with Vincere Resource Holdings LLC (Vincere) to acquire its 20 per cent interest in Wedgetail Operations LLC, owner of the Oracle Ridge Copper Project in Arizona. Following completion, Eagle Mountain will own 100 per cent of Oracle Ridge through its wholly-owned US subsidiary companies Wedgetail Holdings LLC and Wedgetail Operations LLC. The consideration for the purchase is the issue of 10 million fully paid ordinary shares in Eagle Mountain which are to be issued by 3 May…
The Tropicana Gold Mine site. Image source: Anglo Gold Ashanti Australia. Photography credit: Philip Gostelow. IGO Limited (IGO or the Company) has provided an update on the binding agreement to divest its 30 per cent stake in the Tropicana Gold Mine to Regis Resources Limited (Regis), as announced on 13 April 2021. The key condition precedent to completing the transaction with Regis was the waiver or non-exercise of a right of last refusal (ROLR) held by AngloGold Ashanti Australia Limited (AngloGold Ashanti), which owns the remaining 70 per cent stake in Tropicana. AngloGold Ashanti is also the mine’s operator. IGO…
374 mergers and acquisitions (M&A) deals were announced in the metals and mining sector during Q1 2021, according to a new report by GlobalData. Deal value for the sector also rose by 8.3 per cent from US$12 billion in Q1 2020 to US$13 billion in Q1 2021. In its latest report, GlobalData outlines that TD Securities were the top M&A financial adviser in the sector for Q1 2021 by volume, while Goldman Sachs and Perella Weinberg Partners jointly held the top position by value. Both Goldman Sachs and Perella Weinberg Partners advised on one deal each worth US$1.7 billion, which…
Superannuation funds that follow environmental, social and governance (ESG) principles collectively manage over $1.6 trillion. This is equivalent to 71 per cent of the superannuation savings overseen by the superannuation regulator, APRA. This makes Australia’s ESG superannuation coverage ratio among the highest in the world. In recognising the growing commitment towards ESG investing by super funds, which may also be referred to as sustainable, responsible, or ethical investing, Rainmaker Information has released the findings of its inaugural ESG Superannuation Taxonomy Study as part of its latest Superannuation Benchmarking Report. “The purpose of the study was to explore what it actually…
