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Wednesday
28 January 2015
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   TODAY'S STORIES
 
DRYBLOWER 
Dryblower on the Goldilocks theory of iron ore pricing (not a fairy tale, a horror story)


THE meaning of life, according to the comedy classic Hitchhiker’s Guide to the Galaxy, is the number 42 but for Australia’s hard-hit iron ore mining industry Dryblower suspects that the number 56 might soon be recognised as the meaning of life.
Full Story...


MORE DRYBLOWER

Mr Dryblower goes to Zurich to see if the streets are paved with gold


Dryblower on the signals being sent by the rising gold price


Dryblower on the iron ore bounce


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PREMIUM FEATURES 
MACA ironing out the bugs


DESPITE a couple of recent setbacks and some general bad news in the sector, things are not as bad as they seem for at least one mining contractor. Supply Side by Australia’s Mining Monthly editor Noel Dyson
Full Story...


MORE PREMIUM FEATURES

A FIFO faux-pas?


Global Wrap: Goldcorp, Glencore and more


Century closure to leave a hole in zinc supply


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MINE SUPPLY TODAY 
MACA ironing out the bugs


DESPITE a couple of recent setbacks and some general bad news in the sector, things are not as bad as they seem for at least one mining contractor. Supply Side by Australia’s Mining Monthly editor Noel Dyson
Full Story...


MORE MINE SUPPLY TODAY

Mine closures force revenue cuts


Snowden extends Mt Peake relationship


Macmahon CEO Carroll quits


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PROFESSIONAL PLACEMENTS 
Global Minerals Trade Manager
  • Significant Career Opportunity
  • Compelling Incentives
  • Location - Negotiable

Full Story...



MINE PRODUCTION TODAY 
Challenging quarter for Sandfire


SANDFIRE Resources has signed off on a challenging December quarter, while at the same time making a significant boost to the mine life at its DeGrussa copper project in Western Australia.
Full Story...


Mount Gibson ups sales guidance


DESPITE the forced suspension of the Koolan Island mine, Mount Gibson Iron has increased its full-year guidance, but flagged a non-cash impairment of $A850-950 in its financial results next month.
Full Story...


Alkane production down, guidance up


GOLD production at Alkane Resources’ Tomingley operation in New South Wales was down during the December quarter, despite the company increasing its financial year production guidance.
Full Story...



MORE MINE PRODUCTION TODAY

Ravensthorpe back soon


Tough times continue for Northern Iron


More cost-cutting for Gindalbie


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MINE GEAR TODAY 
MIM reports record rebuilds at Ernest Henry


MOUNT Isa Mines says its Rebuild Workshop team recently completed three R2900 loader rebuilds for Ernest Henry Mining in record time, on budget and without injury.
Full Story...


The 6020 emerges


FOR a bit of Las Vegas (albeit by way of Arizona) razzle dazzle it is hard to go past Caterpillar and when it comes to launching a shovel four years in the making, Big Yellow certainly pulled out all the stops.
Full Story...



FINAL CALL 
Price crunch hits iron ore


ANOTHER significant drop in the spot price saw iron ore miners continue to move backwards today. Arrium extended its recent loss with a 9.7% fall to A18.5c.
Full Story...


MORE FINAL CALL

Ravensthorpe back soon


Tough times continue for Northern Iron


More cost-cutting for Gindalbie


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INVESTMENT 
Buy, Sell, Hold: Rio, Sirius, Atlas and Cradle


ANALYSTS weigh in on quarterly reports from Rio and Atlas, a discovery for Sirius and Cradle’s updated resource.
Full Story...


MORE INVESTMENT

ASIC pounces on Pluton


New nickel discovery boosts Panoramic


Mithril rockets on new drilling


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IPOs 
New support for African iron ore explorer


RESOURCES developer DGR Global has secured Japan’s Sumitomo Corporation as a cornerstone investor for African iron ore explorer IronRidge Resources.
Full Story...


MORE IPOs

Alt seeks ASX listing


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MINERAL EXPLORATION 
Kambalda delivers for Mincor


DRILLING in the Kambalda region of Western Australia continues to deliver strong results for Mincor Resources, with more high-grade nickel intersected.
Full Story...


MORE MINERAL EXPLORATION

Porphyry copper for Hot Chili


New nickel discovery boosts Panoramic


Jamaica paying off for OZ


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MERGERS & ACQUISITIONS 
Commodities crash may quash Glencore-Rio showdown


ONE of the biggest stories of 2015 was set to be whether Glencore would make another takeover offer for Rio Tinto, but a slump in commodities may have thrown a spanner in the works.
Full Story...


MORE MERGERS & ACQUISITIONS

Consolidated becomes a producer


Doray closing in on Mutiny


Base concedes defeat


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ENVIRONMENT 
Adani slams activist campaign


ADANI Australia has labelled a climate change-themed legal challenge to its vast Carmichael coal mine and rail project in the Galilee Basin as the work of “professional activists”.
Full Story...


MORE ENVIRONMENT

EPA vetoes MinRes mine


BHP applies for Olympic Dam tailings expansion


Storm damage at Paladin mine


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MACA ironing out the bugs
Exclusively for Premium Subscribers


DESPITE a couple of recent setbacks and some general bad news in the sector, things are not as bad as they seem for at least one mining contractor. Supply Side by Australia’s Mining Monthly editor Noel Dyson
Full Story...


Another iron ore mine suspended


THE Frances Creek iron ore mine in the Northern Territory has reportedly been suspended following a review of operations.
Full Story...


Kambalda delivers for Mincor


DRILLING in the Kambalda region of Western Australia continues to deliver strong results for Mincor Resources, with more high-grade nickel intersected.
Full Story...

   CURRENT FOCUS FEATURES

FUNDING

Triton secures Mozambique funding

Global financings a bright spot in December

Lucapa secures upgrade finance

Beadell restructures $60M loan

New support for African iron ore explorer

Amex terminates Mba Delta contract

Iluka continues Kenmare takeover talks

Coal junior to enter VA

Centaurus inches closer to construction

Alt seeks ASX listing


  VIEW ALL STORIES on FUNDING



   TODAY'S STORIES CONTINUED


Challenging quarter for Sandfire


SANDFIRE Resources has signed off on a challenging December quarter, while at the same time making a significant boost to the mine life at its DeGrussa copper project in Western Australia.
Full Story...


Mount Gibson ups sales guidance


DESPITE the forced suspension of the Koolan Island mine, Mount Gibson Iron has increased its full-year guidance, but flagged a non-cash impairment of $A850-950 in its financial results next month.
Full Story...


Alkane production down, guidance up


GOLD production at Alkane Resources’ Tomingley operation in New South Wales was down during the December quarter, despite the company increasing its financial year production guidance.
Full Story...


Mining Briefs: BHP Billiton, Cape Lambert and more


TODAY in Mining Briefs: BHP funds water park; Cape Lambert receives royalties; Orbis shareholders face choice; Cardinal’s golden intersection; Nicolsons gets final approval; Scotgold extends hours; Carpentaria powers up; and Cobre to explore.
Full Story...


Ravensthorpe back soon


PRODUCTION and sales from First Quantum Minerals’ Ravensthorpe nickel mine in Western Australia dropped in 2014 after a tank failure last month, but production is expected to restart soon.
Full Story...


More cost-cutting for Gindalbie


GINDALBIE Metals is reviewing its strategy and investment options after revealing it had cash reserves of only $A1.39 million at the end of December.
Full Story...


Quarterly Briefs: Ramelius, Mineral Deposits and more


IN Quarterly Briefs today: Ramelius costs down; Mineral Deposits ramps up; higher costs for Discovery; and Alacer’s Copler output lower.
Full Story...


Tough times continue for Northern Iron


STRUGGLING iron ore producer Northern Iron has signed off on a healthy production boost for 2014, but weak market conditions have continued to put pressure on its bottom line.
Full Story...


Aussies recognised for services to mining


THREE Australians were acknowledged yesterday in the Australia Day 2015 Honours List for services to the mining industry.
Full Story...


Executive Outcomes: ERA, St Barbara and more


ATLAS Iron director Dr David Smith has joined the board of uranium producer Energy Resources of Australia.
Full Story...


Dryblower on the Goldilocks theory of iron ore pricing (not a fairy tale, a horror story)


THE meaning of life, according to the comedy classic Hitchhiker’s Guide to the Galaxy, is the number 42 but for Australia’s hard-hit iron ore mining industry Dryblower suspects that the number 56 might soon be recognised as the meaning of life.
Full Story...


Not yet worth a nickel
Exclusively for Premium Subscribers


THIS week Allan Trench looks at the latest in nickel markets – and awaits an upturn in the second quarter.
Full Story...


Silver Lake cuts guidance


SHARES in Silver Lake Resources were down 20% this morning after its new quarterly report outlined lower production and sales along with rising costs.
Full Story...


Lynas forecast prompts share fall


LYNAS Corporation has revealed it does not expect to achieve positive operating cash flow during the current quarter, prompting a share price fall of more than 10% this morning.
Full Story...


Sirius cuts Nova capex


SIRIUS Resources yesterday celebrated the start of mining at the Nova nickel project, while cutting capital costs for the development by $A30 million.
Full Story...


A FIFO faux-pas?
Exclusively for Premium Subscribers


QUEENSLAND Opposition Leader Annastacia Palaszczuk’s calls for an end to 100% fly-in, fly-out rostering at the state’s mines has drawn a predictable reaction from the mining industry.
Full Story...


Crocodile strikes record quarter


CANADIAN miner Crocodile Gold posted record annual cashflow of $US74.2 million ($A93.7 million) in 2014 on the back of strong production from its Australian gold mines during the December quarter.
Full Story...


Gold Road’s Gruyere moves ahead


GOLD Road Resources has posted a scoping study for its Gruyere gold project in Western Australia, estimating pre-production costs of $A360 million for the 3.84 million ounce deposit.
Full Story...




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