Ravensthorpe mine owner fined for worker injury

Canadian OceanaGold has entered an agreement to acquire 100% of Ausgold (ASX: AUC) and its Katanning gold project in WA, by way of an Australian court-approved scheme of arrangement.

Hancock Prospecting invests in Araxá rare earths project St George Mining (ASX: SGQ) has secured $72.5m in funding for its rare earths-niobium Araxá project in Brazil.  The placement involved the issue of 725 million new ordinary shares and attracted major interest from prominent investors, including Gina Rinehart’s Hancock Prospecting. Hancock acquired 225 million shares — representing about 31% of the placement value.  St George initially targeted a smaller placement, but upsized due to overwhelming interest from investors in Europe, the US and Australia.  The Araxá project’s mineral resource estimate (MRE) includes six of the top 10 minerals on the...

Minerals booming in latest Australian resource forecasts The Federal Industry, Science and Resources Department has reported growing resources and energy export volumes in the most recent Australian Resources and Energy Quarterly (REQ). Gold is set to become Australia’s third largest resources export earner, as the commodity fetches record prices, behind iron ore and liquid natural gas next year, with earnings forecast to reach $56b, according to the REQ. Exploration expenditure for iron ore — Australia’s largest export earner — continues to rise. Amid continued fallout over global trade tensions and conflicts — the REQ reported —...