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Deals & Dollars

Q1 M&A lower year-on-year though total deal value higher

So far this year global M&A and initial public offerings activity figures are mixed although a brighter view of the likely path of monetary policy in the US, the UK, and eurozone supports a positive outlook during H2 2024. S&P Global Market Intelligence data shows 9,560 M&A transactions announced in Q1 2024 was almost 2,000 deals fewer than a year…

| By Adam Orlando

Elementos to purchase 50% interest in Spanish tin smelter

Elementos (ASX:ELT) has signed an agreement to acquire a 50% interest in Iberian Smelting, owner of the Robledallano tin smelter in Spain.  Robledallano, which is licensed and in operation, was previously operated as a lead shot smelter and a lead-acid battery recycling plant. It was acquired by CRM Synergies, which holds a 90% interest, in 2021 and had a new…

| By Aaliyah Rogan

Delta Dunia expands into mine ownership with Atlantic Carbon acquisition

PT Delta Dunia Makmur (IDX:DOID), through PT Bukit Makmur Internasional subsidiary American Anthracite SPV I, has entered into a stock purchase agreement to acquire of Atlantic Carbon Group. The US$122.4 million ($185.7 million) transaction is expected to complete in June 2024. It will be funded via the group’s cash position and a syndicated financing facility with PT Bank BNI and…

| By Adam Orlando

The Capital Crunch: Southern Hemisphere tops up coffers 

Following Friday’s news, this week’s first Capital Crunch includes Southern Hemisphere Mining (ASX:SUH) completing a $5 million placement, via 84.72 million shares at $0.035 per share.  The offer price represented a 23.9% discount to the last closing price on 5 June 2024.  Proceeds will be used to fund a reverse circulation and diamond drilling program at the Llahuin Copper-Gold Porphyry…

| By Aaliyah Rogan

AMEC ‘disappointed’ South Australia’s budget ‘lacks’ mining support

The Association of Mining and Exploration Companies (AMEC) says the South Australian Government failed to deliver support to the resources sector despite releasing a surplus budget for 2024-25 on 6 June.  As a result of better-than-expected GST and state tax revenues – supported by the $420 million received in royalties from minerals and the petroleum industry – the budget focused…

| By Aaliyah Rogan

VIDEOS/INTERVIEWS

Viking doubles the Canegrass resource in less than two years

Viking doubles the Canegrass resource in less than two years

Viking Mines (ASX:VKA) Managing Director Julian Woodcock explains the promising potential of the Canegrass Project. Viking has doubled its vanadium resource in less than two years, thanks to diligent geological work and advanced metallurgical testing. “So far it’s been delivering on our expectations. We’ve been…

| By Shae Russell
Great Boulder Resources ‘Great’ high-grade intercept at Mulga Bill
Venture Minerals It’s the right time in the commodity cycle for rare earths
Vertical Events Gold Coast Investment Showcase is nearly here

gold

Lady Julie North 4 emerging as Magnetic force

Magnetic Resources (ASX:MAU) has expanded the northern zone at its Lady Julie North 4 (LJN4) deposit in Western Australia to more than 600m down-plunge. After several deep drillholes, the company found that the northern zone — which plunges to the southeast — is much larger than previously estimated. The 400m-long northern ultramafic zone is still being tested further at depth. …

| By Aaliyah Rogan

Lion One’s Fijian gold project roars with 750g/t hit

Vancouver-based gold explorer Lion One Metals (ASX:LLO) has drilled up to 750 grams per tonne (g/t) gold from Zone 5 at its Tuvatu Alkaline Gold Project in Fiji. The company reports other multiple “bonanza” grade intercepts ranging from 120.8g/t to 336.39g/t gold from infill and grade control drilling. The headline intercept measured 0.3m @ 750.05g/t from 84.3m. This was a…

| By Angela East

Kodiak gears up for Canadian copper-gold drilling 

Canadian explorer Kodiak Copper (TSX-V:KDK) will soon begin a 10,000m drilling program at its MPD copper-gold porphyry project in southern British Columbia. The company, which has a market capitalisation of C$30.1 million ($32.9 million), is mobilising two rigs to site to start drilling six targets at the MPD North and MPD South prospects. Drilling will be aimed at locating high-grade…

| By Angela East

St Barbara contemplates renewable energy hub at defunct Touquoy Mine

St Barbara’s (ASX:SBM) subsidiary Atlantic Mining and renewable energy company Natural Forces are collaborating to explore the potential for a renewable energy hub at the now-closed Touquoy Gold Mine in Nova Scotia, Canada.   The companies will begin a Feasibility Study this month to investigate the installation of a closed-loop pumped hydro energy storage system, combined with solar photovoltaic panels.  The…

| By Aaliyah Rogan

Corazon to make ‘opportunistic’ acquisition of multi-commodity deposits in Canada

Corazon Mining (ASX:CZN) is set to acquire three zinc-copper-gold deposits in Manitoba, Canada, near the company’s wholly owned Lynn Lake Nickel-Copper-Cobalt Sulphide Project.  The three deposits — MacBride, Wellmet, and Barrington — add to the company’s existing portfolio of seven zinc-copper-gold deposits within the Lynn Lake tenure. A dual explorer and project developer, Corazon says a core component of its…

| By Aaliyah Rogan

Events

  • Wed 19 – Thu 20 Jun
  • Gold Coast

Vertical Events’ Gold Coast forum to again showcase mining investment

The 2024 Gold Coast Investment Showcase will descend on the JW Marriott Gold Coast Resort & Spa in Queensland on…

  • Wed 19 – Thu 20 Jun
  • Gold Coast
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  • Thu 27 – Fri 28 Jun

Mining.com.au puts North America in the ‘Spotlight’ in inaugural 10-1…

In the dynamic realm of mining, staying abreast of industry developments and forging connections with key players is paramount.  Recognising…

  • Thu 27 – Fri 28 Jun
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  • Tue 29 – Wed 30 Oct

Circularity in mining and metals industry in spotlight

The inaugural Mining, Metals and the Circular Economy conference is scheduled to take place at the ICC Sydney on 29-30…

  • Tue 29 – Wed 30 Oct
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