Centaurus Metals

Delivering big returns for investors was made to look easy this year by tungsten developer, Wolf Minerals.

West Perth-based gold and base metals explorer, Centaurus Resources Ltd, has raised $7 million through the issue of 3.7 million shares at $1.90 per share, to institutional and sophisticated investors.

West Perth-based mining company Centaurus Resources Ltd has secured a significant tenement package in the Iron Quadrangle in Brazil through the 100% acquisition of three new projects (comprising seven tenements) surrounding its Liberdade operation.

West Perth-based Centaurus Resources Ltd has decided to sell its interest in the Liberdade iron ore project in Brazil in favour of concentrating on its other major assets.

WHILE junior explorers dominated the 10 best-performing Western Australian stocks last financial year, was there a defining characteristic that bound together the worst performers for the year? A lack of scale would seem to be one possibility, with the 10

Centaurus Metals will divest some of its Australian gold and base metal assets to a new Initial Public Offering (IPO) to focus on its Brazilian iron ore interests.

Iron ore company Centaurus Metals has been awarded $2 million in damages as a result of legal action it initiated in June last year against Mineração Marsil Ltda, its former joint venture partner in the Liberdade Iron Ore Project in south-east Brazil.

Iron ore company Centaurus Metals has appointed George Jones as a strategic consultant as the company moves towards production from its Brazilian iron ore projects.

Centaurus Metals is seeking to raise up to $18 million through a share placement plan to accelerate growth in its Brazilian iron ore projects.

Shareholders in Centaurus Metals are set to receive a priority offer in Southern Crown Resources upcoming $4 million Initial Public Offering.

Centaurus Metals  has completed a $26.2 million equity raising, with major shareholder Atlas Iron maintaining its 19.85 stake in the Brazil-focused iron ore miner and a US-based resources investment  house emerging with a major interest.

Centaurus Metals says it is on track to make a final investment decision regarding its Brazilian Jambreiro iron ore development early next year, after releasing a study that says the project will cost $136 million to develop.

Shares in Centaurus Metals were higher after the company said it would gain tax concessions at its Jambreiro iron ore project from a framework agreement with a state government in Brazil.

Centaurus Resources has passed a major milestone at its Jambreiro iron ore project in Brazil, awarding an engineering and procurement contract for the project’s development.

Sheila Lyons has resigned as a non-executive director of Centaurus Metals. Ms Lyons joined the board last year as nominee of the Brazilian iron ore explorer’s second largest shareholder, Liberty Metals & Mining Holdings.

Brazil-focused iron ore miner Centaurus Metals has pushed back the commissioning date for its Jambreiro project to mid-2014, instead of by the end of this year, because of changes in the nature of negotiations for an off-take deal for the development.

Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on the back of gold price volatility.

Centaurus Metals has scaled back development plans at its Jambreiro iron ore project in Brazil, announcing it will halve its initial production rate to one million tonnes per annum in a bid to keep the project on track.

Centaurus Metals has raised $5 million for early-stage works at its Jambreiro iron ore project in Brazil while it finalises a debt funding package for the development.

Former Iluka Resources managing director Mike Folwell has been appointed chairman and non-executive director of Gunson Resources.Didier Murcia has been appointed non-executive director.

Perth-based explorer Centaurus Metals has entered into an exclusive mandate for a $6 million working capital facility with RMB Resources’ Australian subsidiary to fund development of its Candonga iron ore project in Brazil.

Salaries for newly-appointed chief executives at WA-listed companies were down by 20 per cent from the levels prevailing last year, research by Business News has found. Click through to see salary packages for 77 WA chief executives.

Iron ore miner Centaurus Metals says it can no longer afford to develop its Candonga project in Brazil on its own, and will be seeking to either bring in a joint venture partner or sell the mine in order to survive in the tough economic climate.

Centaurus Metals has announced that it is selling its Candonga DSO iron ore project in Brazil to the Brazilian group Ecosinter for R$4 million (A$1.69 million).

Perth company Minemakers has struck a deal with an African investor that will deliver new funding of $28 million for its Baobab phosphate project in Senegal.

Boyd Timler has been appointed as the chief executive officer of Medusa Mining. Mr Timler has over 30 years of progressive international mining experience and has most recently served as the chief operating officer of Beadell Resources.

Stewart Butel will retire as the managing director of Wesfarmers Resources at the end of July. Mr Butel has been associated with Wesfarmers since 2000.

Ardiden Limited (ASX: ADV) is pleased to announce that it has completed the successful acquisition of 100% of the early stage Bold Property Colbalt-Copper Project in Ontario, Canada with a final payment of 100,000 Ardiden shares made to the vendor, Benton Resources Inc. 

Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 March 2018. 

A summary of last week's smaller deals that did not get included in our daily news coverage.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Centaurus Metals’ chief financial officer, John Westdorp, has taken over the role of company secretary from Paul Bridson.

Our board moves wrap includes Ken Kluksdahl, Abby Smith, Marty Helean, Edmund Haynes, Natalia Streltsova, Campbell Smyth, Peter Huljich, Sean Gregory, and Louise Bower.