Mining

Australian mining billionaire and philanthropist Andrew Forrest has acquired an additional 22 million shares in iron ore giant Fortescue Metals Group, taking his personal ownership in the company he founded to 35.3%. Forrest paid AUS$243 million for the shares and now owns over 1.112 billion shares...

ASX-listed NTM Gold has intersected 'outstanding' high-grade gold during shallow drilling at a prospect within its Redcliffe gold project near Leonora in Western Australia. The reverse circulation drilling programme tested Northern and Southern extensions at the Hub prospect, with notable results including: 15 metres at 8.5...