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Saturday
19 May 2012
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   TODAY'S STORIES
 
DRYBLOWER 

Dryblower on the great conversion of BHP Billiton


NOT since the conversion of St Paul on the road to Damascus has Dryblower heard of a more dramatic transformation than BHP Billiton’s revelation that it is not so much a mining company as a business focused on shareholder returns.
Full Story...


MORE DRYBLOWER

Dryblower on the investor exodus ahead of the tax attack


Dryblower on the new world of Andrew Forrest


Dryblower on the clash of money and politics


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PREMIUM FEATURES 
Australia attracting more foreign investment


AUSTRALIA’S strong economy has made it one of the top 10 destinations for foreign direct investment with figures showing a rise of 6.6% last year to a record $A507 billion.
Full Story...


MORE PREMIUM FEATURES

Economic traps PNG needs to avoid


Graphite takes centre stage for Talga


Get ahead, hunter


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MINE SUPPLY TODAY 
Project delays weigh on GR


PERTH-based GR Engineering Services has blamed continuing project delays for its full-year revenue forecast being on the low side of expectations at $A150-155 million.
Full Story...


MORE MINE SUPPLY TODAY

Rig utilisation on the up for Swick


Getting the mud to stick (where it’s needed)


GE offers $470M for Industrea


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PROFESSIONAL PLACEMENTS 
Corporate Development Manager

  • TSX & ASX Listed Organisation
  • Perth Office Location

Full Story...


Senior Geologist


  • Exciting exploration & project development role
  • Unique lifestyle – Sydney based – projects within 3 hour drive
  • Development-stage projects through to greenfields exploration
  • Excellent remuneration package with additional benefits

  • Full Story...


    Geology Manager - Indonesia

  • Significant World-class Porphyry Project
  • FIFO Australasia or In-country Based
  • Idyllic Tropical Coastal Location

  • Full Story...



    MORE PROFESSIONAL PLACEMENTS

    Project Director


    Alternate Underground Manager


    Mining Manager


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    MINE PRODUCTION TODAY 
    Alacer ups cost guidance


    LIKE the rest of the market, shares in Alacer Gold have taken a hit this morning, despite the company’s solid first quarter financial results, though its cash cost guidance for the full-year has been revised up.
    Full Story...


    AngloGold commits funds for growth


    SOUTH African major AngloGold Ashanti has approved an investment of $US1.9 billion ($A1.88 billion) for three major growth projects to boost annual production by around half a million ounces of gold.
    Full Story...


    Glencore posts solid performance


    AS THE clock ticks down to July shareholder meetings to approve the $A84 billion merger between commodities trader Glencore and Xstrata – the largest tie-up deal in the mining game since 2007 – Glencore has posted a strong first quarter performance.
    Full Story...



    MORE MINE PRODUCTION TODAY

    Strong first quarter puts Endeavour on the guidance track


    Quarterly Briefs: Norilsk, Kagara and more


    Solid result for Eldorado


    VIEW ALL STORIES

    FINAL CALL 
    Horror week continues with stock slump


    INVESTORS will no doubt be hoping to wake up on Monday morning to find this week was all just a terrible nightmare after the market slumped to its lowest point this year.
    Full Story...


    MORE FINAL CALL

    Gold the only shining light


    Mongolia to cap foreign ownership


    Executive outcomes: AngloGold, Anglo American and more


    VIEW ALL STORIES

    INVESTMENT 
    Buy, Sell, Hold: Independence Group and Blackham Resources


    TOUGH times are over for Independence Group and Blackham Resources gets the thumbs up.
    Full Story...


    MORE INVESTMENT

    Government defers Oakajee funding


    Swan to encourage Olympic Dam expansion


    WA future fund set to hit $4.7B


    VIEW ALL STORIES

    IPOs 
    Quiet start for Bora Bora


    ON A mostly negative day for resource stocks, newcomer Bora Bora Resources has finished its first day of trade in positive territory.
    Full Story...


    MORE IPOs

    Estrella debuts underwater


    Strong start for Mongolia-focused IPO


    Merah stays afloat


    VIEW ALL STORIES

    MINERAL EXPLORATION 
    Mining Briefs: Paladin, Peel, Eastern Iron and more


    PALADIN resumes production, new ground for Peel, a maiden resource for Eastern Iron, Wah Nam extends its offer for Brockman, a recovery upgrade for PanAust and exploration updates for Tanami, Brumby, Broken Hill, Bullabulling and Elementos are the Mining Briefs highlights.
    Full Story...


    MORE MINERAL EXPLORATION

    Mining Briefs: Tiger, Quintessential, Dragon and more


    Chesser posts maiden Kestanelik resource


    Moonlight shines bright


    VIEW ALL STORIES

    MERGERS & ACQUISITIONS 
    UCL returns fire


    TAKEOVER target UCL Resources has launched a counter-bid for its joint venture partner Minemakers.
    Full Story...


    MORE MERGERS & ACQUISITIONS

    Mining Briefs: Paladin, Peel, Eastern Iron and more


    IMX takes Continental


    Pluton and Chinese partner agree on $70M package


    VIEW ALL STORIES

    ENVIRONMENT 
    Greens call for reassessment of Wagerup expansion


    THE Greens have been quick to respond to news US metals giant Alcoa has been granted a five-year extension to expand its Wagerup alumina refinery in Western Australia by calling for the decision to be re-assessed.
    Full Story...


    MORE ENVIRONMENT

    Qld will not challenge carbon tax


    Scrapping the diesel rebate: the winners


    $200M water upgrades in Pilbara


    VIEW ALL STORIES



     


    Executive outcomes: AngloGold, Anglo American and more


    SOUTH African major AngloGold Ashanti has welcomed the appointment of Michael Kirkwood who will join the board as a non-executive director, effective from June 1.
    Full Story...


    Mid West awarded $443M infrastructure boost


    THE Karara iron ore project in Western Australia’s Mid West region will be just one of the up and coming developments in the area tipped to benefit from a state government cash injection to the value of $A443 million, which will see the construction of a transmission line.
    Full Story...


    Horror week continues with stock slump


    INVESTORS will no doubt be hoping to wake up on Monday morning to find this week was all just a terrible nightmare after the market slumped to its lowest point this year.
    Full Story...

       CURRENT FOCUS FEATURES

    Gold

    Aphrodite grows resources at namesake play

    Gold oversold: Foster

    Alacer ups cost guidance

    ABM scopes out $27M stand-alone option

    Predictive goes for gold in the Ivory Coast

    Merger proposal to give Health Corporation a new focus

    Results provide scope of more ore for Crocodile

    AngloGold commits funds for growth

    Maiden shipment for Noble at Bibiani

    Marda comes in with $51M price tag


      VIEW ALL STORIES on Gold



       TODAY'S STORIES CONTINUED


    Mongolia to cap foreign ownership


    THE Parliament of Mongolia has approved a law that caps foreign direct investment into a number of key strategic sectors which includes mineral resources.
    Full Story...


    UCL returns fire


    TAKEOVER target UCL Resources has launched a counter-bid for its joint venture partner Minemakers.
    Full Story...


    Mining Briefs: Paladin, Peel, Eastern Iron and more


    PALADIN resumes production, new ground for Peel, a maiden resource for Eastern Iron, Wah Nam extends its offer for Brockman, a recovery upgrade for PanAust and exploration updates for Tanami, Brumby, Broken Hill, Bullabulling and Elementos are the Mining Briefs highlights.
    Full Story...


    Wannabe worker bees honour Newcrest


    AUSTRALIA’S largest gold mining company Newcrest Mining has been named the country’s most attractive employer.
    Full Story...


    Global Wrap: African Minerals, Zincore and more
    Exclusively for Premium Subscribers


    IN THIS week’s Global Wrap: African Minerals secures Chinese funding, an investment for First Quantum, Antofagasta reports its financial results, African Barrick reaches a royalty agreement and a junior hits high-grade gold.
    Full Story...


    Buy, Sell, Hold: Independence Group and Blackham Resources
    Exclusively for Premium Subscribers


    TOUGH times are over for Independence Group and Blackham Resources gets the thumbs up.
    Full Story...


    Government defers Oakajee funding


    THE troubled Oakajee port and rail project in Western Australia’s Mid West remains in limbo and is just one of 30 projects deferred as part of a restructure of the state government’s capital budget requirements.
    Full Story...


    Xstrata launches Virgin Brisbane-Mt Isa route


    FOR the first time in more than a decade, Qantas will face competition in servicing Queensland’s Mount Isa community, after Swiss mining giant Xstrata inked a deal with Virgin Australia to operate flights between the northwest town and Brisbane.
    Full Story...


    Finders revises Wetar capital costs


    EMERGING copper miner Finders Resources has used the backdrop of a revised bankable feasibility study on its Wetar heap leach project in Indonesia to reiterate that a review of the country’s regulation laws will not hinder the proposed development.
    Full Story...


    Training, infrastructure top priority in budget


    WESTERN Australian Treasurer Christian Porter has announced plans to inject $A77.6 million into an initiative that aims to alleviate the state’s growing skills shortage.
    Full Story...


    Swan to encourage Olympic Dam expansion


    AUSTRALIAN Deputy Prime Minister and Treasurer Wayne Swan says he will do everything he can to encourage mining giant BHP Billiton to proceed with its $A20 billion Olympic Dam expansion in South Australia.
    Full Story...


    WA future fund set to hit $4.7B


    A ROYALTY-fuelled future fund which is set to grow to $A4.7 billion over the next two decades along with the prospect of higher royalties as part of a planned revamp, are the big ticket items for miners from this year’s Western Australian budget.
    Full Story...


    Polishing a sizeable Pilbara business


    A GROWING ground position, cash flow this year, experienced operators and a dozen gold deposits ensure a profitable future for this project developer. By Susan Bower - RESOURCESTOCKS*
    Full Story...


    BMA poll results today as strikes loom


    BHP Billiton Mitsubishi Alliance is bracing for an escalation of industrial action by three key unions next week across its seven mines in Queensland’s Bowen coal region after the results of a ballot for 4000 of its employees on its proposed enterprise agreement are revealed today.
    Full Story...


    News Wrap


    IN THIS morning’s wrap: BHP wants to be free of unions; fund manager welcomes BHP's capex pullback; WA future fund tipped to grow to $A4.7B; and warning on Indonesia's rising economic nationalism.
    Full Story...


    Double whammy for markets


    A LACK of progress in the US jobs market, coupled with trailing manufacturing projections for the world’s largest economy and continuing European woes, only this time heightened by worries in Spain, has driven down global equities.
    Full Story...


    Better day but stocks still down


    STOCKS closed slightly lower today after recouping earlier losses and for the first time this week miners actually lifted the market.
    Full Story...


    Capital Watch: KBL, Boss and more


    IN Capital Watch today: KBL and Boss find support for placements, Marmota, Pegasus and Genesis complete rights issues and Winmar and Admiralty finalise raisings.
    Full Story...





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