Latest Mining Companies News

Equatorial Resources Limited has refuted media reports claiming the Guinea government cancelled its Nimba Alliance iron ore exploration permits, stating no formal communication has been received and that it is actively seeking clarity.

MAC Copper Limited has entered a binding agreement for acquisition by Harmony Gold, offering shareholders a compelling 32% premium and signalling a major consolidation in the copper mining sector.

TerraCom Limited has reached a significant settlement with ASIC to resolve whistleblower-related civil proceedings, agreeing to pay $8.5 million pending Federal Court approval.

Macarthur Minerals Limited has launched a pro-rata entitlement offer to raise nearly $2 million, issuing new shares with free attaching options, fully underwritten by Gold Valley Yilgarn Pty Ltd. The capital raise aims to advance exploration and development at its Giles Lake Iron Project and support corporate operations.

MLG Oz Limited has secured its first contract with mining giant Rio Tinto, marking a significant expansion into the Pilbara region with a $20 million haulage and site services deal.

Elementos Limited has raised $5 million through a strategic placement to Metals X, accompanied by the appointment of two Metals X executives to its board, signaling a closer partnership and potential strategic alignment.

Shareholders of Aston Minerals and Torque Metals have overwhelmingly approved the proposed merger schemes, setting the stage for final court approval and implementation in June 2025.

Rio Tinto has announced that CEO Jakob Stausholm will step down later this year, with a rigorous succession process now underway. Stausholm’s tenure saw a strategic pivot towards energy transition and profitable growth.

EQ Resources Limited has successfully raised $18.8 million through a share placement, complemented by a $3 million Share Purchase Plan, to fund its tungsten mining projects and reduce debt.

Carbine Resources Ltd (ASX: CRB) has announced a pro-rata entitlement offer to raise approximately $1.1 million, aiming to fund ongoing exploration and development at its Muchea West and Down South Silica Sand Projects.

New World Resources Limited has entered a binding agreement for acquisition by Central Asia Metals Plc at a significant premium, valuing the company at approximately A$185 million. The transaction, unanimously recommended by New World’s board, is set to complete by September 2025, subject to shareholder and court approvals.

Sunstone Metals Ltd has had its trading suspension lifted following a Federal Court decision and the release of a cleansing prospectus, signaling a fresh chapter for the mining company on the ASX.