NCZ
Director Trades
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Company News
Sibanye-Stillwater makes off-market takeover bid for ailing New Century Resources
Ailing base metals producer New Century Resources (ASX: NCZ) has been approached by major shareholder Sibanye-Stillwater with an off-market takeover proposal designed to bail the company out of its financial woes. According to Sibanye, New Century’s balance sheet is under strain due to amortisation requirements of an environmental bond facility for the Century zinc mine […]
New Century Resources exercises option over historic Mt Lyell copper mine
Tailings and mine rehabilitation specialist New Century Resources (ASX: NCZ) has, under a new option deal, two years to study the acquisition of the mothballed Mt Lyell copper mine in Tasmania. Located near Queenstown on the island state’s west coast, Mt Lyell was first mined in 1893 by the Mount Lyell Mining and Railway Company, […]
Strong copper demand underpins New Century’s Mt Lyell plan
The past and the present are colliding at Mt Lyell – a once great Australian copper mine, which is in the process of being brought back to life by a small company which could be significantly undervalued. New Century Resources (ASX: NCZ), which has failed to impress with its restoration effort at another old mine, […]
Zinc begins to shine again after a decade in the doghouse
Every dog has its day, even in the metals world where zinc has emerged from a decade in the doghouse to become the focus of a series of corporate deals followed by an all-time price high of US$4,507 a tonne this week – double its price of two years ago. The spark for zinc’s revival […]
Hot copper: what’s driving the latest charge?
Three potentially significant discoveries over the past week have returned copper to the radar screens of investors, with the bonus being that demand for the metal appears to be outstripping supply, which can only mean a higher future price. Recharge Metals (ASX: REC), Tempest Minerals (ASX: TEM) and Culpeo Minerals (ASX: CPO) have all enjoyed […]
New Century Resources reports record financial performance for December quarter
Tailings and mine rehabilitation specialist New Century Resources (ASX: NCZ) has, in its latest quarterly report, outlined what it terms strong operational and financial performances. In the three months to 31 December, the company achieved its highest quarterly recovery with a tailings rate of 50.7%. Also, New Century delivered its largest ever shipment, more than […]
New Century Resources completes $116.7m equity raise
Zinc producer New Century Resources (ASX: NCZ) has announced the completion of a $116.7 million equity raising which effectively welcomes global precious metals mining company Sibayne-Stillwater as a major shareholder. The placement forms part of New Century’s transformational strategy to grow into a world-leading environmental, social and governance (ESG) focused tailings management and economic rehabilitation […]
New Century Resources refinances Century mine environmental bond facility
Zinc producer New Century Resources (ASX: NCZ) has announced the successful refinancing of the environmental bond at its Century mine in Queensland. In late October, the company revealed it had entered into a binding terms sheet for an environmental bond facility with Argonaut Insurance Company and Macquarie Bank to replace the existing environmental bond at […]
New Century Resources finalises second hedging deal for product from Century zinc mine
New Century Resources (ASX: NCZ) has executed a second long-term zinc hedging transaction with Macquarie Bank over output from its flagship Century zinc mine in Queensland. The tranche consists of fixed price, Australian dollar swaps for a total of 90,000 tonnes of payable zinc metal, spread in equal monthly volumes of 3,750t over two years from […]
New Century Resources partners with Sibanye-Stillwater to drive tailings management and economic rehabilitation plans
Zinc producer New Century Resources (ASX: NCZ) has entered a strategic partnership with global precious metals mining company Sibanye-Stillwater to drive its aspirations of becoming a world-leading environmental, social, governance (ESG) focused tailings management and economic rehabilitation company. Under the partnership, Sibanye-Stillwater (NSYE: SBSW) has subscribed for 139.6 million New Century shares for US$16.3 million […]
