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Metals and Mining Industry News
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Etango shows how uranium mines can secure construction funding without conventional project debt
Bannerman Energy Limited has completed a US$320.4 million strategic transaction with CNNC Overseas Limited that funds much of Etango through an equity joint venture rather than conventional project debt. The structure shows how uranium developers can exchange project ownership and offtake rights for capital, customer certainty and reduced financing risk.
China copper supply condition puts Anglo Teck merger at centre of concentrate squeeze
China is reportedly seeking copper concentrate supply commitments before approving the Anglo American and Teck Resources merger. The demand would connect a $54 billion transaction involving only about 5% of global copper supply to a much bigger problem: China’s enormous smelting industry is running short of mine feed.
Black Cat Syndicate (ASX: BC8) sets FY27 gold target of 80,000–90,000oz as Paulsens and Kal East ramp up
Black Cat Syndicate Limited has issued FY27 production guidance of 80,000–90,000 ounces alongside AISC guidance of A$3,500–A$3,900 an ounce as it ramps Paulsens and Kal East while expanding its gold resource pipeline.
Liontown (ASX: LTR) approves A$389m Kathleen Valley expansion to lift lithium output from FY30
Liontown Limited has approved a A$389 million expansion of its Kathleen Valley Lithium Operation, targeting processing capacity of 4.2 million tonnes a year and average spodumene output of about 780,000 dry metric tonnes annually from FY30.
Boab Metals (ASX: BML) locks in REGROUP mining deal as Sorby Hills targets H2 2027 production
Boab Metals Limited has executed a binding mining-services agreement with REGROUP Australia for the Sorby Hills silver-lead project, fixing key commercial and operating terms ahead of site establishment in January 2027 and targeted first concentrate production in the second half of the year.
Brightstar Resources (ASX: BTR) lifts Sandstone gold resource to 3.6Moz as group inventory reaches 5.2Moz
Brightstar Resources Limited has increased the Sandstone Mineral Resource to 3.6 million ounces and its group inventory to 5.2 million ounces, adding scale ahead of a pre-feasibility study while construction of its separate Laverton processing plant advances toward first gold in 2027.
Orica (ASX: ORI) secures FY27 North American ammonium nitrate supply as Deer Park sale slips
Orica Limited has secured ammonium nitrate supply for its North American customers through FY2027 using additional United States and Canadian sources, reducing a significant supply-chain risk even as the planned sale of surplus Deer Park land moves beyond FY2026.
Tungsten Mining (ASX: TGN) appoints Jefferies as A$274m Watershed funding push accelerates
Tungsten Mining NL has appointed Jefferies to identify strategic investors for the A$274 million Watershed Project while a separate debt-financing process advances, signalling that the company is building a multi-source funding package rather than relying on another conventional equity raising.
Vesuvius (LSE: VSVS) surges 25%, but shares still sit below RHI Magnesita’s 549p proposal
Vesuvius has finally disclosed a year-long sequence of takeover approaches from RHI Magnesita, and the latest cash-and-share proposal leaves a visible valuation gap even after Tuesday’s explosive rally.
Northern Star Resources (ASX: NST) holds most of takeover pop as Gold Fields bid tests A$27 valuation
Northern Star Resources has slipped only modestly since its initial takeover rally, leaving investors between the company’s rejection of Gold Fields and a market price still well below the proposal’s original A$27 implied value.