Emerging mineral sands miner Strandline Resources is closing in on funding for its Fungoni project in Tanzania, with due diligence on its proposed debt facility on track for completion next month.
Strandline revealed this week that the technical, financial and environmental due diligence process we well advanced as part of the mandate it awarded to Africa’s Nedbank late last year.
There’s barely been a mention of it in the Australian media, but a $70 billion LNG construction boom is about to kick-off in Mozambique – and there is only one ASX-listed company which gives investors a direct exposure to this enormous opportunity (reports Stockhead).
The combined market value of Australia’s mid-tier miners has powered ahead for the second consecutive year (reports MiningNews).
PwC's 12th annual Aussie Mine report, which analyses the 50 largest ASX-listed miners valued at less than A$5 billion, found that the value of the group jumped 28% to $58.7 billion.
All but three of the group - AngloGold Ashanti, OceanaGold Corp and Tribune Mining - saw their market capitalisations grow over the 2018 financial year.