Exploration firm Energia Minerals has reached an agreement with Euroz Securities to take an $8 million funding package to help fast-track development of its Gorno zinc project near Bergamo in north Italy.
Total acceptances for Xstrata's takeover offer for Sphere Minerals have reached 46.55 per cent, as rival suitor Sin-Tang Development also claimed a win today.
A Chinese consortium trying to win support for a deal with iron ore developer Sphere Minerals claims that a majority of Sphere shareholders will reject an alternative takeover proposal from Xstrata.
A Chinese consortium led by Sin-Tang Development has foreshadowed a fully underwritten capital raising for iron ore developer Sphere Minerals as an alternative to Xstrata's $514 million takeover offer, which was increased today.
West Perth-based mining company Sphere Investments Ltd is looking for a new partner for its Mauritanian iron ore project, after Qatar Steel walked away from acquiring a 15 per cent interest worth $130 million.
Funding problems surrounding West Perth-based Sphere Investments Ltd's Guelb el Aouj iron ore project in Mauritania have been resolved, with one party to a joint venture planning to take a 49.9 per cent stake deciding to go it alone.
West Perth-based Sphere Investments Ltd has joined fellow iron ore developer Cape Lambert Iron Ore Ltd in hitting a potential funding crisis, after disclosing that one of its partners was reviewing its planned participation in a $415 million funding deal.
West Perth-based mining company Sphere Investments Ltd has announced the acquisition of a 49.9 per cent stake in its Guelb el Aouj iron ore joint venture by Saudi Arabia Basic Industries Corporation and Qatar Steel, for $440.7 million.
West Perth-based mining company Sphere Investments Ltd has made its debut on the Dubai International Financial Exchange, making it the first iron ore company to do so.
The Directors of Sphere Investments Limited have today agreed to place a further 1,125,000 shares to Saudi Iron & Steel Company, or Hadeed, at a price of $1.15 per share, raising $1,293,750.
Middle Eastern steel producer Qatar Steel Company has signed a share placement agreement to acquire a significant (9.07 per cent) shareholding in Perth-based Sphere Investments Ltd.
West Perth-based Sphere Investments Ltd has issued a 13 per cent interest in the company to Saudi Iron and Steel Company - a wholly owned affiliate of Saudi Basic Industries Corporation.
Sphere Investments will assess the exploration potential of its Bou Derga and Tintekrate magnetite deposits in Mauritania, after receiving positive early indications from a feasibility study at the nearby Guelb el Aouj iron ore project.
