Latest news with #GoldValley
West Australian
26-05-2025
- Business
- West Australian
Gold Valley iron ore exporting from Bunbury port in first ever South West shipping expansion
Gold Valley iron ore, a Perth-based company, have expanded their reach to Southern WA exporting from the Bunbury port for the first time. The decision to start exporting from Bunbury followed the company also beginning shipments from Esperance earlier this year. Gold Valley chair Yuzheng Xie said expanding shipments to the regions would be beneficial for the company. 'We were confident working with Southern Ports to export the product for the long term, knowing it would be beneficial for Gold Valley and the port,' he said. 'This iron concentrate supplements our iron ore that we export through the Port of Esperance to our global steel manufacturer with Gold Valley currently supplying over seven countries.' In two shipments in as many months, Gold Valley exported 93,000 tonnes of iron concentrate from Bunbury to China. The first shipment from Bunbury departed on March 9 after seven days of loading the concentrate onto Bao Yue Ling. The second shipment followed in April. Southern Ports chief executive officer Keith Wilks said he was pleased to have Gold Valley export from Bunbury port as well as Esperance. 'We're always actively seeking new and expanded trade opportunities with current and potential customers to help diversify our services and stimulate trade,' Mr Wilks said. 'It's fantastic to see that our partnership with Gold Valley has led to new opportunities to export through another one of our ports. 'We believe that strong regional ports contribute to strong regions, and this is the perfect example of this vision in action.'
The Age
25-05-2025
- Business
- The Age
Macarthur JV partner steps up in $2M raise
Macarthur Minerals' $2 million capital raise could open the door for joint venture partner and mining contractor Gold Valley Yilgarn to become a cornerstone shareholder in Macarthur, with Gold Valley agreeing to underwrite Macarthur's rights issue. The new entitlement offer will help fund Macarthur's general expenses until a Western Australian hematite royalty starts rolling in. Macarthur announced the pro rata non-renounceable offer on Friday, which entitles eligible shareholders to subscribe for one new share at 2 cents a share for every two existing shares held. The company has sweetened the offer with a free option attaching to every two new shares subscribed for, with a 3c a share strike and a two-year horizon. Gold Valley is a private, Perth-based exploration and mining development company with big ambitions. It is owned and chaired by savvy Perth-based iron ore player Yuzheng Xie and earlier this year lobbed a $73M takeover bid over the fence at the Mark Creasy-backed CZR Resources. That bid was ultimately overtaken by the deeper-pocketed Rio Tinto, but speaks to Gold Valley's ambitious nature. 'We are pleased to have secured the full underwriting support of Gold Valley, which recognised the opportunity and committed without hesitation.' Macarthur Minerals executive chairman Cameron McCall Macarthur and Gold Valley signed a joint venture agreement in June last year granting Gold Valley the right to mine hematite iron ore from Macarthur's Lake Giles Ularring prospect in WA. That broader Lake Giles project has more than 1.2 billion tonnes in magnetite iron ore resources, including a hefty 272 million tonnes of defined reserves in WA's Yilgarn region. The Ularring hematite deposit, which is the subject of a royalty deal with Gold Valley, includes 54.5Mt grading 47.2 per cent iron in indicated resources and 26Mt at 45.4 per cent iron in the inferred category. The deal includes a milestone $5M payment upon Gold Valley mining and selling 1M tonnes of hematite and a further $5M payment for the next 1M tonnes of ore. Beyond the initial tonnages, Macarthur will receive a $1 per tonne royalty for all additional tonnes for the life of the mine.
Sydney Morning Herald
25-05-2025
- Business
- Sydney Morning Herald
Macarthur JV partner steps up in $2M raise
Macarthur Minerals' $2 million capital raise could open the door for joint venture partner and mining contractor Gold Valley Yilgarn to become a cornerstone shareholder in Macarthur, with Gold Valley agreeing to underwrite Macarthur's rights issue. The new entitlement offer will help fund Macarthur's general expenses until a Western Australian hematite royalty starts rolling in. Macarthur announced the pro rata non-renounceable offer on Friday, which entitles eligible shareholders to subscribe for one new share at 2 cents a share for every two existing shares held. The company has sweetened the offer with a free option attaching to every two new shares subscribed for, with a 3c a share strike and a two-year horizon. Gold Valley is a private, Perth-based exploration and mining development company with big ambitions. It is owned and chaired by savvy Perth-based iron ore player Yuzheng Xie and earlier this year lobbed a $73M takeover bid over the fence at the Mark Creasy-backed CZR Resources. That bid was ultimately overtaken by the deeper-pocketed Rio Tinto, but speaks to Gold Valley's ambitious nature. 'We are pleased to have secured the full underwriting support of Gold Valley, which recognised the opportunity and committed without hesitation.' Macarthur Minerals executive chairman Cameron McCall Macarthur and Gold Valley signed a joint venture agreement in June last year granting Gold Valley the right to mine hematite iron ore from Macarthur's Lake Giles Ularring prospect in WA. That broader Lake Giles project has more than 1.2 billion tonnes in magnetite iron ore resources, including a hefty 272 million tonnes of defined reserves in WA's Yilgarn region. The Ularring hematite deposit, which is the subject of a royalty deal with Gold Valley, includes 54.5Mt grading 47.2 per cent iron in indicated resources and 26Mt at 45.4 per cent iron in the inferred category. The deal includes a milestone $5M payment upon Gold Valley mining and selling 1M tonnes of hematite and a further $5M payment for the next 1M tonnes of ore. Beyond the initial tonnages, Macarthur will receive a $1 per tonne royalty for all additional tonnes for the life of the mine.
