Minority shareholders are unhappy with the terms offered for the delisting of aspiring Western Australian iron ore miner Flinders Mines.
Energy & Resources Minister Megan Woods has told miners it was keen to see NZ get into finding battery metals, but with many access doors already shut that is hard, particularly following a sobering report from a London stockbroker.
Nautilus Minerals which has been receiving loans from a company linked to its two major shareholders has been given a time extension on a loan while looking for new funding to complete its seabed mining project.
The Todd-family controlled Flinders Mines has announced plans to delist on the ASX and the company has sent its offer to minority shareholders holding unmarketable parcels of shares.
The Australian company, controlled by New Zealand’s Todd family which has a multi-billion dollar quest to start an iron mine in Western Australia, now plans to delist from the Australian bourse.
Nautilus Minerals has taken up another loan from a finance company linked to its two key shareholders as it advances towards a seafloor massive sulphides deposit in Papua New Guinea waters.
There was an important ceremony at Tiwai Point yesterday for New Zealand Aluminium Smelter and the Southland region with the official re-opening of Potline 4 at the smelter.
Nautilus Minerals is in discussions with parties that may fund completion of the special production vessel for the Solwara-1 seabed mining project.
BlueScope Steel has been conducting presentations and investor visits to its various ASEAN operations to highlight its global reach in steelmaking and product marketing.
A listed resources sector investor which has a skinny share price and cash position has retained an offer to make itself a backdoor route for any company seeking to list on the New Zealand bourse.