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$17.2m DevEx boost for drilling and exploration

Alligator Rivers uranium province. DevEx Resources is seeking $17.2 million to underpin its drill programs and exploration strategies at its various operations. The company has accepted firm commitments for a placement of fully paid ordinary shares at 34 cents...

Orion raises $1.3bn with strong South African support

Copper and zinc mine development company Orion Minerals has raised $1.35-million under its share purchase plan (SPP), with strong support from shareholders, particularly those in South Africa. The SPP of the Sydney- and Johannesburg-listed company, headed by CEO Errol...

Germany’s Russian gas crisis sparks coal rush

“A rush like this in the summertime, it’s unheard of — everybody wants coal,” says Frithjof Engelke, a supplier of the briquettes which have become a hot commodity in the German capital. A looming shortage of Russian gas in the wake of the Ukraine war has reignited...

A new green life for coal producers?

It is a strange time for SA’s coal miners. They are coining it on global coal prices that have been hitting new highs since Russia invaded Ukraine and are now expected to stay high for at least another year or two. But the miners know their days are numbered in the...