MRL
Director Trades
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Company News
Market wrap: rising inflation crushes share prices and hopes of a rate cut
Stubbornly high Australian inflation pushed down Australian shares for the second day as hopes of interest rate cuts this year evaporated like morning mist. Exacerbating the damage was shares in mining heavyweight BHP (ASX: BHP) which were crunched down by 4.6% to $43.15 after it finally publicly revealed a $60 billion bid for London listed […]
Mayur Resources secures $235m from Appian for Central Lime project in Papua New Guinea
Mayur Resources (ASX: MRL) has received an offer of a combined $235 million in new funding support from London-headquartered Appian Capital Advisory and Vision Blue Resources to help complete its Central Lime Project (CLP) in Papua New Guinea. The definitive debt financing agreement with Appian, when combined with the approximately $63 million investment proposed by […]
Mayur Resources secures key investment for Orokolo Bay mineral sands project in PNG
Mayur Resources (ASX: MRL) has continued its recent run of project development and corporate success with the signing of an agreement which will go a long way to help commercialise its Orokolo Bay mineral sands project in Papua New Guinea. Mayur has signed binding agreements with Indonesia’s PT SEA First Nickel Industry (PTSFNI) to fully […]
Market wrap: Aussie market shows resilience after terrible week
The Australian share market showed a little bit of resilience after closing flat by the end of trading on Friday, offering some consolation after the worst weekly performance for almost a year. By the close of trade, the ASX 200 was just 2.1 points higher at 7148.1 points, a rise of just 0.03% as strength […]
UK investment firm injects US$40m into Mayur Resources’ PNG lime project
Mayur Resources (ASX: MRL) now has the equity financing it needs to develop its Central lime project in Papua New Guinea after a British investment company signed a term sheet to pay US$40 million for a 49% equity stake in the project. The proposed investment comes from Guernsey-registered Vision Blue Resources (VBR), headed by the […]