Panoramic Resources has acquired the Panton platinum project in the east Kimberley from Platinum Australia, for $5.25 million plus a 0.5 per cent royalty.
Iron ore and vanadium miner Atlantic has lined up a $41.7 million funding package to cover a cash shortfall caused by delays in production of ferrovanadium and iron ore exports from its Windimurra development in the Mid West.
Peak Resources shares jumped by nearly 20 per cent after the company unveiled a maiden JORC-compliant resource at its Ngualla rare earths project in Tanzania that it says rivals the largest deposits in the world outside of China.
Lynas Corporation has announced $US225 million capital raising to complete the construction and commissioning of its rare earths processing plant in Malaysia, after revealing delays had added up to $100 million to the project’s cost.
Zinc metals miner Kagara has described the 2011 December quarter as a challenging period for the company due to a continuing decline in both zinc and copper prices which has impacted significantly on its cash operating margins for both commodities and therefore cashflow.
Mining company Atlantic has achieved first production at its wholly-owned Windimurra vanadium plant, and says it is continuing to work towards full production in early 2013.
Platinum Australia (PLA) has signed a deal with a Japanese state-owned outfit to progress the exploration program at the company's South African Stellex North Project.
West Perth-based Nkwe Platinum has raised $11 million that will settling the acquisition of International Goldfield's interest in a South African platinum project.
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