Monday, April 19News That Matters

Tag: Mining

Pan African Mining Corp.: Pan African Mining Corp. world oil affiliate closes further $1.28 million non-public placement

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ENERMAD CORP. ("EnerMad"), has now closed an additional non-public funding with a lift of CAD $1.28 Million from a neighborhood which contains administration, institutions and personal merchants. 2,484,455 Total Shares were bought in the non-brokered non-public placement at prices of $0.50 and $0.55, for tainted proceeds of $1,281,950. An aggregate of $3,001,378 has now been raised by EnerMad to this level. A total of 11,873,785 Shares of EnerMad are now issued and prominent, of which the Firm owns 13%. EnerMad changed into once founded by the Firm with a gaze toward acquiring favorable oil and gasoline leases offshore and onshore in Madagascar and in completely different locations in Africa. Proceeds of the personal placement shall be utilized to invent oil leases and for exploration, a...

No fool’s gold: Mining big surprises WA workers with rotund pay rise

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Unquestionably one of the fundamental arena's finest gold miners has given its Australian personnel a big 6 per cent pay rise — the most trendy signal that corporations are rising increasingly desperate to defend expert workers as workers shortages return to levels seen for the length of the remainder mining assert.Key components: Manufacturing at Gold Fields' Australian mines elevated 11 per cent remaining year to 1.01 million ounces, up from 914,000 ounces in 2019.The personnel is being rewarded with a 6 per cent problem allowance — the same to between $300 and $600 extra of their monthly pay packetThe company has additionally made up our minds to elongate a finder's price bonus for workers who refer a recent employee to Gold Fields — from a $3,000 bonus to a $10,000 bonus.South African...