BC Iron has secured finance for its Nullagine joint venture iron ore project, thanks to a $53.8 million off-take agreement with a Hong Kong-based industrial and trading company.
Australasian Resources managing director Andrew Caruso believes the FIRB proposal to cap foreign investments in underdeveloped projects will not pose too many problems for its Balmoral South Iron Ore Project.
Nullagine Iron Ore Project feasibility study paves the way for Pilbara development.
Emerging lithium producer, Galaxy Resources has announced that it has raised $6.65 million via a capital book build to sophisticated investors of State One Stockbroking.
OZ Minerals' request to halt trading of its shares while it seeks a deadline extension to financing is not an indication the company is unable to pay its debts, OZ Minerals group manager external affairs Matthew Foran told MINING DAILY.