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Top News In Set Default Regional Today - Breaking & Trending Today

North Peak to buy Prospect Mountain mine in Nevada

North Peak to buy Prospect Mountain mine in Nevada
miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.

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Bushveld to enter convertible loan note refinancing with Orion

Aim-listed Bushveld Minerals has entered into a nonbinding, investment committee-approved term sheet with Orion Mine Finance to refinance its existing convertible loan note. The proposed agreement envisages that the convertible debt obligations of about $45-million due in November will be refinanced into a three-year term loan totalling about $27-million, repayable in escalating capital amounts; a new convertible loan note of about $13.5-million, maturing in June 2028; the conversion of about $4.5-million of existing convertible loan note into shares; and supplemental production financing agreement (PFA) at not more than 0.22% of gross revenues – reducing by 80% at loan maturity. ....

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Renewables, exploration, hydrogen make headlines

Mining Weekly Editor Martin Creamer discusses Gold Fields’ progress in wind energy generation at its South Deep gold mine; Barrick's belief in adding ounces through the drill bit rather than through Mergers & Acquisitions; and Anglo American Platinum’s partnership with the Department of Science and Innovation, which aims to promote the development of the hydrogen economy in Africa. ....

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Santana Minerals hoping to raise A$18.5m

ASX-listed Santana Minerals will raise A$15.5-million in a share placement to fund exploration work and studies at its Bendigo-Ophir gold project, in New Zealand.

The company on Friday said it had received firm commitments from sophisticated, professional and institutional investors for the placement of 24.8-million shares at a price of 62.5c each.

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Goodlace resigns from Southern Palladium board

Terence Goodlace has resigned as director and chairperson of platinum group metals (PGMs) company Southern Palladium, with immediate effect. “I have made this decision reluctantly, based solely on the advice of a proxy advisory services company regarding the number of board positions they believe ....

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