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Thursday
17 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 
Economic traps PNG needs to avoid


ECONOMIST Matthew Morris offered some interesting tips yesterday to prevent Papua New Guinea falling into the economic cesspool that has enveloped resource-rich countries like Nigeria and Angola.
Full Story...


MORE PREMIUM FEATURES

Graphite takes centre stage for Talga


Get ahead, hunter


A titanic task


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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 
Geology Manager - Indonesia

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

  • Full Story...


    Project Director

    • Infrastructure Focus
    • Perth Based
    • Executive Salary & Benefits Package

    Full Story...


    Alternate Underground Manager

    Northern Star Resources Ltd is a successful gold producer and exploration company operating in highly prospective regions of the Ashburton and the Murchison, in Western Australia.
    Full Story...



    MORE PROFESSIONAL PLACEMENTS

    Mining Manager


    Feasibility Study Manager - Mindax Limited


    Chief Executive Officer - Mindax Limited


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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 
    Gold loses safe haven appeal


    FOR a third straight month, investors are continuing to reduce their holdings in gold, opting instead to sink their funds into the US dollar as they seek haven from the ongoing European debt crisis. In early afternoon trade the spot price of the precious metal was down 0.6% or $US9.30 to $1534.80 an ounce, a movement mirrored in the share price performance of companies on the Final Call watch list.
    Full Story...


    MORE FINAL CALL

    Gold oversold: Foster


    Project delays weigh on GR


    Skills, economy worrying workers


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    INVESTMENT 
    Pluton and Chinese partner agree on $70M package


    KEY commercial terms have been agreed for a proposed $A70 million funding package and equal joint venture with Chinese investor group Timeone Holdings over Pluton Resources’ proposed Cockatoo Island iron ore project in Western Australia.
    Full Story...


    MORE INVESTMENT

    Gold oversold: Foster


    Alacer ups cost guidance


    GE offers $470M for Industrea


    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 
    Chesser posts maiden Kestanelik resource


    GOLD and base metals explorer Chesser Resources has released a maiden resource approaching half a million ounces at its flagship Kestanelik epithermal gold project in western Turkey.
    Full Story...


    MORE MINERAL EXPLORATION

    Moonlight shines bright


    First numbers for Charley Creek


    Mining Briefs: Phoenix, Discovery and more


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    MERGERS & ACQUISITIONS 
    Pluton and Chinese partner agree on $70M package


    KEY commercial terms have been agreed for a proposed $A70 million funding package and equal joint venture with Chinese investor group Timeone Holdings over Pluton Resources’ proposed Cockatoo Island iron ore project in Western Australia.
    Full Story...


    MORE MERGERS & ACQUISITIONS

    IMX takes Continental


    GE offers $470M for Industrea


    Clancy increases Genesis bid


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    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



     


    Japan shows the way on rare earths
    Exclusively for Premium Subscribers


    JAPANESE companies are showing considerable grit in obtaining rare earths. They have to if their industry is to survive. The Outcrop by Robin Bromby.
    Full Story...


    Paladin building dreams: Borshoff


    AS ITS hunt for strategic partners ramps up, Paladin Energy boss John Borshoff says he doesn’t blame parties for wanting to be involved with his company as it continues to “turn dreams into reality”.
    Full Story...


    IMX takes Continental


    IMX Resources says its takeover of joint venture partner Continental Nickel will streamline ownership and development of the Nachingwea nickel project in Tanzania.
    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


    Pluton and Chinese partner agree on $70M package


    KEY commercial terms have been agreed for a proposed $A70 million funding package and equal joint venture with Chinese investor group Timeone Holdings over Pluton Resources’ proposed Cockatoo Island iron ore project in Western Australia.
    Full Story...


    Diesel rebate cut never on the cards: Swan


    AUSTRALIAN Treasurer and Deputy Prime Minister Wayne Swan has slammed rumours of a cut to the diesel fuel rebate in last week’s federal budget as “malicious” but stopped short of ruling out any further taxes on the mining industry.
    Full Story...


    Revolving door costs mining $140M: report


    THE high turnover of workers employed in Queensland’s booming mining sector is taking its toll, with a new report putting the cost at $A140 million per year.
    Full Story...


    Chesser posts maiden Kestanelik resource


    GOLD and base metals explorer Chesser Resources has released a maiden resource approaching half a million ounces at its flagship Kestanelik epithermal gold project in western Turkey.
    Full Story...


    WA govt boosts mineral research coffers


    THE Western Australian mining industry has applauded a state government move to inject $A7.5 million over three years to support ongoing mineral research in the state.
    Full Story...


    Skills, economy worrying workers


    GROWING skills shortages plus the widening gap in Australia’s two-speed economy are top concerns for a majority of workers employed in the mining, industrial and manufacturing sectors, a survey has revealed.
    Full Story...


    Moonlight shines bright


    TRI-listed iron ore developer Ferrum Crescent has released a new JORC-compliant resource for the Moonlight deposit in the Limpopo province of South Africa, noting a jump in tonnages but a slight drop in grade.
    Full Story...


    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...


    Rig utilisation on the up for Swick


    SWICK Mining Services expects its fleet utilisation rate to reach 86% by the end of next month and its global underground diamond drilling rig fleet to hit 67 by December with the commissioning of six rigs.
    Full Story...


    Aphrodite grows resources at namesake play


    GOLD junior Aphrodite Gold has updated resources on its namesake property in Western Australia, pushing a large portion of the potential open pit material into the higher confidence indicated category.
    Full Story...


    Paladin moves to resolve Kayelekera pay dispute


    THERE is a good chance workers at Paladin Energy’s Kayelekera mine in northern Malawi will agree to drop demands for a 66% salary increase after the company moved to settle the dispute and restore full production at the mine.
    Full Story...


    Gold oversold: Foster


    GOLD has fallen below $US1600 an ounce and continues to weaken but Foster Stockbroking says gold is oversold and has highlighted its top stock picks among producers.
    Full Story...


    Mining Briefs: Mineral Commodities, Carpentaria and more


    A LOAN for Mineral Commodities, termination of a joint venture for Carpentaria, a government grant for Golden Cross, Germany beckons Proto and exploration updates for Horseshoe, Robust, Mining Group, Toro and Padbury are the Mining Briefs highlights.
    Full Story...


    Getting the mud to stick (where it’s needed)
    Exclusively for Premium Subscribers


    IN THIS game Supply Side has seen his fair share of mud slung. Never slung any myself you understand. Would never do that. But there are times when getting the mud to stick where it is needed is vital. By Noel Dyson
    Full Story...


    Tiger lifts output at Kipoi plant


    TIGER Resources continues to see impressive results from its Kipoi project in the Democratic Republic of Congo after producing 203 tonnes of copper concentrate in one day last week, 200% above the plant’s nameplate capacity.
    Full Story...


    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...


    GE offers $470M for Industrea


    AMERICAN industrial giant General Electric is proposing to buy Industrea through a scheme of arrangement that values the Australian underground mining equipment manufacturer at $A470 million.
    Full Story...


    VDM bags $38M in new contracts


    MINING and civil contractor VDM Group continues to strengthen its balance sheet after scoring a handful of contracts, including a $A15 million deal to undertake work at CITIC Pacific’s Sino Iron project in the Pilbara region of Western Australia.
    Full Story...





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