ASX Announcements
Market Sensitive
Quarterly Activities Report and Appendix 5B
Second Quarter Activities Report, Second Quarter Cashflow Report
- Jan 30, 2025
- 10 pages
Market Sensitive
Quarterly Activities Report and Appendix 5B
First Quarter Activities Report, First Quarter Cashflow Report
- Oct 30, 2024
- 13 pages
August 2014
Revenues flat as China goes cold on coal
The downturn in the coal mining sector may have further to run, with no upturn expected any time soon as investment bank Citi has warned of a further decline in capital spending which will pressure the near term prospects for a range of heavy engineering and mine servicing operators.
- Updated
- Brian Robins
January 2012
May 2011
Sultan swings through $5.4m placement
Updated | There was a flurry of capital raising news on Monday but new raisings were restricted to the smaller end of the market.
- Updated
- Anthony Macdonald
July 2010
Citigold gains funding from Zhaojin
Citigold Corporation has received an investment of $2m from Zhaojin Mining Industry Co through its wholly-owned subsidiary Sparky International Trade Co.
May 2010
January 2010
Brief: Citigold
Citigold Corporation lifted gold production 110 per cent to 5563 ounces in the December quarter.
December 2009
October 2009
October 2008
September 2008
May 2008
Murchison deal adds to consolidation trend
The consolidation of Australia's resources sector continues to escalate, with Murchison Metals agreeing on Monday to a merger with Midwest Corp. This comes days after the world's largest steelmaker, ArcelorMittal, snared a 14.9 per cent interest in Queensland miner Macarthur Coal, sparking a surge in the share prices of domestic coal miners that analysts suggested could also come under the microscope of an offshore predator. Murchison Metals (MMX) Murchison Metals bought a 10 per cent blocking stake in Midwest and agreed to a scheme of arrangement where one Murchison share will be swapped for 0.575 Midwest shares. The agreement must be put to Midwest shareholders as a result of Sinosteel's bid for Midwest, which the Midwest board continues to recommend until it fully assesses the merits of the merger. Interestingly, Sinosteel recently acquired a 2.4 per cent stake in Murchison Metals. The Chinese company's sweetened $6.38 a share takeover offer for Midwest would hand it the iron ore province east of Geraldton, as well as an opportunity to develop a $3 billion port and rail development in the mid-west iron ore region of Western Australia. The offer closes on June 5 and is conditional on the Chinese company increasing its holding from 19.9 per cent to 50.1 per cent. Murchison shares closed up 39¢, or 9.7 per cent, at $4.43 on Monday, while Midwest shares gained 75¢, or 12 per cent, to $7. Bemax Resources (BMX) Shares in mineral sands miner Bemax Resources were also placed in a trading halt on Monday ahead of the receipt of a possible takeover offer. The Brisbane company, which has a market capitalisation of almost $210 million, has operations in the northern Murray Basin and Western Australia. Its profit of $16.2 million for calendar 2007 represented a threefold increase on its earnings of $4.8 million in 2006, largely because of a boost in production and sales from the Murray Basin. Linc Energy (LNC) Linc Energy, an underground coal gasification (UCG) and coal-to-liquids technology company, has signed an MOU (memorandum of understanding) with China's Huadian Coal Industry Group, one of China's largest coal mining companies. Under the agreement, Linc and Huadian Coal will pursue opportunities to utilise Linc Energy's UCG technology and expertise in gas-to-liquids within China. The two companies will also consider opportunities that could see Huadian Coal invest in Linc Energy and possibly some of Linc's Australian projects. Linc's general manager of business development, Justyn Peters, said the company had been approached by numerous international companies with proposals to enter into commercial agreements. "The potential for UCG to become a major supplier of clean fuels to China is enormous, and the MOU is a first step towards unlocking some of this potential growth," Mr Peters said. Linc shares gained 2¢ to $2.96. Citigold Corp (CTO) Charters Towers gold miner Citigold has raised $3.725 million through a share placement to international investors. Some 13.3 million shares and 1.11 million unlisted options exercisable at 37¢ were placed with investors and several funds based in London and the Asia/Pacific region. Citigold shares closed on Friday at 30.5¢. The funds will be used for working capital, including the initial extension of the Charters Towers South western decline and an infill diamond core drilling program. Citigold said the placement was in line with its regular bi-annual capital raisings and replaced the usual first-half 2008 share purchase plan. Citigold shares closed 0.5¢ lower at 30¢.
- Yvonne Ball
March 2006
BRIEFS
Low price for Korea IPO The Macquarie Korea Infrastructure Fund and its shareholders have sold 940 billion won ($1
July 2005
Never say Citi paid too Weill
Citigroup baulks at allowing its departing boss to take an early mark while keeping his original retirement plan, write Justin Baer and Adam Levy.
- Justin Baer and Adam Levy
March 2000
MCI enters Charters' territory
Charters Towers Gold Mines NL has become the latest miner to jump on the technology bandwagon, acquiring a 35 per cent stake in internet business MCI Pty Ltd for $2 million.
- Source: AAP
March 1999
Miner responds to ASX query
Charters Towers Gold Mines NL revealed yesterday that it was commissioning an independent valuation of its mining tenements in a bid to obtain an unqualified audit report. The report would be made in conjunction with the preparation of the accounts for the year to June 30.
- Garry West
July 1998
Guess what fell off a truck this week?
Old sourpuss that he is, Pierpont was nevertheless overjoyed last month to learn that Princeton Economics International Ltd of the USA was going to buy a majority share in Charters Towers Gold Mines NL, thereby rescuing both CTGM and its gold mine.
- PIERPONT
January 1998
Towers old-timers were not so silly
When the receivers moved in on Charters Towers Gold Mines NL last week, Pierpont was not entirely surprised. But then your correspondent had been a sceptic about it for some time.
- PIERPONT
ASC first step in Charters inquiry
The Australian Securities Commission has moved to safeguard proceeds from the sale of shares in Charters Towers Gold Ltd as the first step of its investigation into possible insider trading.
- Bill Pheasant and Michael O'Meara
November 1996
Sinking sensation at Charters Towers
Pierpont was a mite perturbed. Nothing to speak of really: just a shadow on his mind as he sat in the Croesus Club the other day sipping his third - or it may have been his fourth - Bollinger for the morning. Pierpont was enjoying aperitif hour with Leo Liability, the stockbroker who has never knowingly put a client into a good stock.
- Pierpont