trending Market Intelligence /marketintelligence/en/news-insights/trending/JiyOINKU_2Mol_NOKOAENw2 content esgSubNav
In This List

Eastern Goldfields seeks withdrawal of A$8.7M performance bonds request

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Essential Metals & Mining Insights - October 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond


Eastern Goldfields seeks withdrawal of A$8.7M performance bonds request

Eastern GoldfieldsLtd. said April 11 that it expects Western Australia's Department ofMines and Petroleum to withdraw the request for approximately A$8.7 million in unconditionalperformance bonds.

The company said it has completed a capital raise of more thanA$25 million and its securities have been reinstated to trade on the ASX.

Responding to media speculation regarding the potential impositionof performance bonds upon company unit Carnegie Gold Pty. Ltd., Eastern Goldfieldssaid it has been in discussions with the DMP regarding the withdrawal of the request.

The company noted that it is in compliance with its levy paymentobligations under the Mining Rehabilitation Fund.