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Mining Bulletin

The full story: In-depth news and analysis

HERON RESOURCES DROPS LEADER AS WOODLAWN DELAYS FORCE RECAPITALISATION PLANS

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HAVILAH RES SHAREHOLDERS REJECT $100M GFG DEAL

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TNG SEES POSITIVES IN NEW CHEAPER, SMALLER MOUNT PEAKE DEVELOPMENT STRATEGY

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$20M SPROTT BUY INTO GALENA SILVER MINE

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INTEGRA RES PEA FLAGS $365M US PROJ PRODUCING LoM 1.24Moz AuEq

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TANZANIA THREATENS TO HALT INTRA ENERGY COAL SALES OVER NEW ROYALTY CHARGES

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ZIMPLATS FY19 PROFIT ROCKETS TO $145M

A string of financial benefits, not big production increases or cost cuts, have fuelled a FY19 $145M net profit from a $2.6M profit the year before

RECORD FY 19 FOR INDEPENDENCE GROUP

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RESOLUTE MINING TAKES THE FIRST STEP ON ITS MAJOR RAVENSWOOD GOLD MINE EXPANSION

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GOLD FIELDS SELLS OUT OF GOLD ROAD FOR $126.3M

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KOOLYANOBBING DELAYS CUT MINERAL RES FY19 PROFIT 39%

Delayed acquisition/ramp up of the Koolyanobbing Iron Ore Project and the ending of Wodgina lithium DSO sales slash Mineral Res FY19 profit 39%

NEW $20M+ MINERAL RES DEAL FOR CAZALY’S WA IRON ORE PROJ

Cazaly Res has accepted a new superior $20M+ offer for its Parker Range Iron Ore Project from neighbouring producer Mineral Res. By Mark Mentiplay

MAIDEN KENMARE H1 19 DIV DESPITE PROFIT FALL

Maiden Kenmare dividend follows 17% H1 19 profit fall on HMC production down 8%, but with ilmenite, zircon and rutile all up
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HAVILAH RES: MAJOR SHAREHOLDER STYMIES $100M GFG INVESMENT DEAL

 

Adelaide, Sep 12

Havilah Resources shareholders have rejected UK industrialist Sanjeev Gupta’s GFG Alliance’s up to $A100M proposed investment in the iron ore/copper developer’s South Australian projects that could have given GFG at 51% stake in the company.
Today’s EGM vote saw 76.4% of shareholders vote against the move and 23.6% for it. The EGM vote centred around Havilah’s Technical Director Dr Chris Giles, whose Trindal P/L is the company’s largest shareholder and who earlier supported the deal.

HAVILAH RES SHAREHOLDERS REJECT $100M GFG DEAL
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Havilah Resources NL

Exchange Code: 
ASX : HAV
Website: 
http://www.havilah-resources.com.au

Adelaide-based company with iron ore, copper, gold, cobalt, molybdenum and tin interests in South Australia

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