There will be an extraordinary line up of heavyweight investors at this year’s Mines and Money Australia to be held in Melbourne from October 29-November 1. On the stage and in the crowd, will be investors who have more than Aus$15 billion in assets under management.
The ongoing global mining industry downturn has forced organisers of the inaugural Sumatra Miner conference and exhibition to further postpone the three-day event to 2014. However, as a prelude to the main event, a one-day exhibition and conference will be held in Palembang, South Sumatra, on Tuesday, November 19.
Gindalbie Metals has reached agreement in principle, subject to conclusion of a binding MoU, with its joint venture partner Ansteel to implement a comprehensive new funding solution to meet the additional working capital requirements for Karara Iron Ore Project arising from delays in production ramp-up.
LionGold Corporation’s LionGold Australia has signed an ore processing agreement with Australian-listed A1 Consolidated Gold which will see up to 450,000 tonnes of ore from the A1 Gold Mine processed at the nearby Ballarat gold plant, owned by LionGold subsidiary Castlemaine Goldfields, over a three year period. The agreement provides for up to 150,000 tonnes to be treated each year.