16
Feb
03:28
Malabar raises fund for Maxwell coal project
Australian miner Malabar Resources has announced an AUD 160 million ($104m) proposed equity raise for its Maxwell coal project, Kallanish notes.
The firm says it has launched an institutional placement of ordinary shares at a price of AUD 1.80 per share.
The proposed equity raise is expected to close on or around 23 February.
As announced in November 2023, Malabar is committed to developing the Maxwell project as a 300m longwall – versus 145m longwall &nd…
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