Anvil Mining

Lodged response to ASX query.

Anvil Mining Ltd29-Nov-04

West Perth-based copper and silver producer Anvil Mining Ltd has completed its previously announced C$149.5 million (A$178 million) bought deal financing.

Perth-based gold explorer Mawson West Ltd has signed a deal with Anvil Mining Ltd, enabling it to earn a 65 per cent interest in a tenement package in central Africa for US$4 million (A$5.4 million) over four years.

Has finalised an agreement for the acquisition of an additional 10% interest in the Mutoshi Copper-Cobalt Project

West Perth-based Anvil Mining Ltd will take an 18 per cent stake in Perth-based Sub-Sahara Resources NL through a $7.2 million placement.

Anvil Mining Ltd became a substantial shareholder with a relevant interest of 60,000,000 ordinary shares (12.91%).

Anvil Mining Ltd became a substantial shareholder with a relevant interest of 60,000,000 ordinary shares (12.91%).

West Perth-based Anvil Mining Ltd has completed a bought deal financing arrangement worth around $225 million, with proceeds being used for the development of the company's Congolese mining projects.

West Perth-based Anvil Mining Ltd has been cleared by a military court of any involvement in the violation of human rights during the suppression of a rebel insurgency in the Democratic Republic of Congo town of Kilwa by the nation's army in 2004.

The share price of West Perth-based Anvil Mining Ltd closed down 11.3 per cent as a review by the government of the Democratic Republic of Congo into the nation's 61 mining contracts is due to be handed to the country's mines minister today.

Osborne Park-based Anvil Mining Ltd is set to raise $310 million from a share placement to Israeli mining investor Dan Gertler who, on completion of the raising, will hold 25 per cent of the company.

Operational issues have impacted Osborne Park-based Anvil Mining Ltd's net income which plummeted 76 per cent to $10 million over the June quarter.

Anvil Mining Ltd will look at other possible transactions after a $272 million private placement by Israel's Catala Global is called off due to continued deterioration in market conditions.

THE roll call of Western Australian businesses directly affected by the global credit crunch grew suddenly during the past week, with several listed companies changing their plans in response to the meltdown on Wall Street.

Shares in Anvil Mining have closed up 27 per cent after it reached a deal with the government of the Democratic Republic of Congo over its Dikulushi and Kinsevere mines.

Anvil Mining has revealed that its remaining employees and board members have taken a 20 per cent pay cut as the company books a full-year net loss of $US138.5 million ($A209 million).

Copper miner Anvil Mining has called a trading halt while its stockbrokers seek to obtain subscriptions for a C$30 million (A$34 million) capital raising.

Shares in Anvil Mining have slipped in morning trade as the copper miner enters an underwriting deal for its $C30 million ($A34 million) capital raising.

Anvil Mining has reached an agreement with international commodities trader Trafigura Beheer over a $US200 million ($A238 million) equity and debt financing arrangement for the expansion of the Kinsevere copper project in the Democratic Republic of Congo.

Shares in Anvil Mining have jumped as much as 20 per cent today after the miner secured a $238 million equity and debt arrangement for the expansion of its Kinsevere copper operation.

Perth-based copper miner Anvil Mining is facing a class action in Canada over an incident at its Dikulushi mine in the Democratic Republic of Congo six years ago.

Africa-focused copper producer Anvil Mining, which was established in Perth, has announced a friendly takeover offer from Chinese group Minmetals Resources, valuing the company at $1.3 billion.

Today’s confirmation that the coal miner, New Hope, has put itself up for sale follows yesterday’s capitulation by iron ore miner, Sundance, and begs the question: who’s next?

Meeting has important economic and political outcomes for Australia.

WA’s corporate finance sector is getting back to business as a late flurry of deals get the sector warmed up for better year.

Gold and nickel producer Independence Group has appointed former PMI Gold executive Peter Bradford as managing director and chief executive officer.

Prominent corporate adviser John Poynton, former mining executive Bill Turner, and Supreme Court judge Carmel McLure are among the Western Australian luminaries to receive honours as part of this year’s Queen’s Birthday awards.