Tiger Resources has lined up $US50 million in funding towards construction at its Kipoi copper project in the Democratic Republic of Congo under a proposed offtake arrangement with commodity trader Gerald Metals.
TNG has bolstered its coffers after obtaining new funding commitments of $2.8 million, after previously battling to gain support for a share purchase plan.
Gold prices have risen after US Senate leaders unveiled a deal to fund the federal government and raise the debt ceiling, prompting cautious optimism among investors.
West Perth-based junior Avanco Resources has completed an $18.1 million share placement as it looks to fast-track development of its Pedra Branca copper project in Brazil.
Alumina producer Alcoa of Australia has revealed it's cutting dozens of jobs from its local operations and pushing all of its contractors to slash their rates by 12 per cent.
Vanadium producer Atlantic has secured a further $11.75 million in unsecured funding from its biggest shareholder, Droxford International, the latest in a series of cash injections to sustain its working capital.
The economic green shoots that boosted Iluka Resources' hopes of a recovering mineral sands market earlier this year have shrivelled, with the miner recording weaker quarterly revenue.
Humphrey Hale has stepped down as managing director at Wolf Minerals Limited, while former Grange Resources managing director Russell Clark will take over the position effective today.
Oil prices have fallen as US lawmakers remained deadlocked over a budget and debt ceiling deal and as negotiations began on Iran's nuclear program in Geneva.
Global miner Rio Tinto is confident of hitting its 2013 iron ore production target of 265 million tonnes, after achieving further growth in the September quarter.
Mindax says it is a step closer towards developing its Mt Forrest iron ore project on the back of a binding joint venture agreement worth up to $52 million with Hong Kong-based investment company Perpetual Mining Holding.
Range Resources says it may no longer proceed with a planned $105 million takeover of International Petroleum in the wake of the oil and gas explorer selling its assets in Russia and Kazakhstan.
MZI Resources says it is in discussions with finance providers following news that one of the two lead arranging banks appointed to provide debt funding for its Keysbrook mineral sands project has withdrawn from the process.
Mining billionaire Andrew Forrest has further enhanced his credentials as one of the nation’s leading philanthropists with a pledge of $65 million to Western Australia’s universities.
Macmahon Holdings has written to shareholders urging them to vote in favour of the company’s remuneration report, to ensure it does not incur a ‘second strike’.
Former BHP Billiton Petroleum chief executive Michael Yeager has been appointed as chief executive and chairman of US-focused Maverick Drilling and Exploration.
Copper, gold and nickel explorer Thundelarra has launched legal action against a tenement holder in the Mid West who it claims has refused to comply with the terms of an earn-in arrangement.
Rio Tinto has sold a rare Argyle diamond for a record $2 million as overseas buyers snapped up dozens of precious stones in this year's Pink Diamonds Tender.
