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Sunday
21 December 2014
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   TODAY'S STORIES
 
DRYBLOWER 
Dryblower on time for Rio Tinto to start fighting fire with fire


FIGHTING fire with fire is always a good move in a war, and it’s a tactic that Dryblower reckons Rio Tinto should adopt soon, before Glencore steals an unassailable position in the minds of institutional investors about the wisdom of its merger proposal.
Full Story...


MORE DRYBLOWER

Dryblower spends a week listening to optimistic London money men


Dryblower on Orica’s vote of confidence in mining


Dryblower and the forces driving gold higher


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PREMIUM FEATURES 
Global Wrap: Rio, Vale, Turquoise Hill and more


IN TODAY’S Global Wrap: court rejects Vale bid to dismiss Rio lawsuit; Turquoise Hill class action chucked out; Teck restarts zinc mine; Coeur makes takeover bid; Glencore project slowed; Strateco sues Canadian government; and B2Gold achieves first production in Namibia.
Full Story...


MORE PREMIUM FEATURES

Iron ore’s annus horribilis


Recent greenfield success weighs on the great debate


Mining mitigation


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MINE SUPPLY TODAY 
Australia drags down Liebherr profit


GERMAN equipment supplier Liebherr is feeling the pinch of the economic downturn, with its overall turnover expected to be $A13.6 billion for the financial year, down 1% due to a lack of demand in the construction and mining sectors.
Full Story...


MORE MINE SUPPLY TODAY

Shares surge on Resource Equipment merger offer


Monadelphous in coal dispute


Boart jumps as recapitalisation moves ahead


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

Full Story...


General Manager (Operations) – Qld Gold Project
  • Brownfields Gold Development Project
  • TSV / Cairns / Charters Towers Based
  • Great Conditions; New Mining Company

Full Story...


PROJECT MANAGER
CIEMAS GOLD PROJECT. INDONESIA
Full Story...



MORE PROFESSIONAL PLACEMENTS

General Manager - Operations


Superintendent Mine Geologist


General Manager – Aspermont Australia, Perth


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MINE PRODUCTION TODAY 
Anglo won’t increase iron ore output: Cutifani


ANGLO American CEO Mark Cutifani said the company would not look to grow iron ore production in the current market, but stopped short of criticising its competitors.
Full Story...


Mount Gibson slumps on Koolan Island news


SHARES in Mount Gibson Iron halved this morning after the company announced it would put Koolan Island on care and maintenance, cut jobs and guidance and flagged impairments.
Full Story...


Vale says $90/t iron ore price needed


VALE predicts that if the iron ore price remains at $US70 per tonne next year, 220 million tonnes of global capacity will become uncompetitive.
Full Story...



MORE MINE PRODUCTION TODAY

Gold sector steady, despite price drop


News not good for Mount Gibson


Glencore to idle Australian coal mines for three weeks


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MINE GEAR TODAY 
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...


Safer way to handle pipes, casings


A DRILLING and well servicer has partnered with an engineering house to develop a piece of drilling technology that could reduce the risk associated with handling drill pipe and casing.
Full Story...


Honey, I shrunk the wheel loader


MOST construction and mining workers love their big toys, be it a 400 tonne truck or a large construction wheel loader. So what happens when Lego decides to make a toy version of one of those toys?
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MORE MINE GEAR TODAY

Blow this


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FINAL CALL 
ASX jumps on buying frenzy


STOCKS surged into positive ground today, shrugging off the weakness seen earlier this week.
Full Story...


MORE FINAL CALL

Good day for zinc


Barrick to suspend Lumwana


Executive Outcomes: Millennium, Lynas and more


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INVESTMENT 
MNN’s Best of the Best 2014


THERE have been few winners among the doom and gloom of 2014, but MiningNews.net editor Kristie Batten picks some of the standout companies of the year.
Full Story...


MORE INVESTMENT

Buy, Sell, Hold: Newcrest, Sirius and Duketon


Barminco buys back bonds


Echo to focus on Julius


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IPOs 
Jacana pulls IPO


SYRAH Resources spin-off Jacana Minerals has been forced to scrap its $A10 million initial public offering due to weak market conditions.
Full Story...


MORE IPOs

Vale considering base metals spin-off


Gold consolidation drives Aussie mining deals


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MINERAL EXPLORATION 
Vimy boosts Mulga Rock uranium


VIMY Resources, formerly Energy and Minerals Australia, has posted a 60% boost to the Princess resource at its Mulga Rock uranium project in Western Australia.
Full Story...


MORE MINERAL EXPLORATION

Babel boosts Cassini


Dingo pushes up Pioneer shares


WCB on the money with Misima results


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MERGERS & ACQUISITIONS 
IMX sells down nickel project


IMX Resources has agreed to sell a majority interest in its Ntaka Hill nickel project in Tanzania to private equity group Fig Tree Resources Fund for $US5.88 million ($A7.1 million) cash.
Full Story...


MORE MERGERS & ACQUISITIONS

Doray gains control of Mutiny


Mitsui clinches Mozambique deal with Vale


M&A holding pattern to continue, EY says


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ENVIRONMENT 
PAC approves Glencore’s Bulga extension


THE New South Wales’s Planning Assessment Commission has given final environmental approval for Glencore’s plans to extend mining at its Bulga open cut operations to the end of 2035.
Full Story...


MORE ENVIRONMENT

MinRes slams EPA rejection


Anglo shelves Moranbah South project


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ASX jumps on buying frenzy


STOCKS surged into positive ground today, shrugging off the weakness seen earlier this week.
Full Story...


Mining Briefs: Orbis, Norton and more


MAKING Mining Briefs this afternoon: Orbis reiterates takeover rejection; FIRB nod for Norton; Alligator-Cameco deal; Kin advances Leonora; Padbury options project; drilling from Venus, Argonaut and Tungsten; and name changes for Reed and Commissioners.
Full Story...


Barrick to suspend Lumwana


BARRICK Gold is planning to suspend its Lumwana copper mine in Zambia due to rises in the country’s royalty rate.
Full Story...

   CURRENT FOCUS FEATURES

NICKEL

Sirius completes Nova financing

IMX sells down nickel project

Poseidon posts early plans for Lake Johnston

Panoramic launches buy-back

Glencore disappointed to miss out on Nickel West

Glencore to sell Cosmos

Stellar drilling result for Independence

First Babel results for Cassini

Poseidon moves forward at Lake Johnston

Duketon’s Nariz discovery


  VIEW ALL STORIES on NICKEL



   TODAY'S STORIES CONTINUED


Alacer plans heap leach expansion


ALACER Gold is planning a 14% increase to the heap leach pad at its Copler gold mine in Turkey, an expansion which is expected to cost $US30 million ($A36.7 million).
Full Story...


Australia drags down Liebherr profit


GERMAN equipment supplier Liebherr is feeling the pinch of the economic downturn, with its overall turnover expected to be $A13.6 billion for the financial year, down 1% due to a lack of demand in the construction and mining sectors.
Full Story...


Executive Outcomes: Millennium, Lynas and more


JUNIOR gold producer Millennium Minerals has appointed mining engineer Glenn Dovaston as CEO.
Full Story...


Gold steady in 2014


THE price of gold remained stable in 2014 in the face of significant political and economic turmoil according to the ANZ’s latest gold market report.
Full Story...


MNN’s Best of the Best 2014


THERE have been few winners among the doom and gloom of 2014, but MiningNews.net editor Kristie Batten picks some of the standout companies of the year.
Full Story...


Buy, Sell, Hold: Newcrest, Sirius and Duketon
Exclusively for Premium Subscribers


ANALYSTS give their verdicts on Newcrest’s Golpu study, Sirius’ financing and Duketon’s discovery.
Full Story...


Global Wrap: Rio, Vale, Turquoise Hill and more
Exclusively for Premium Subscribers


IN TODAY’S Global Wrap: court rejects Vale bid to dismiss Rio lawsuit; Turquoise Hill class action chucked out; Teck restarts zinc mine; Coeur makes takeover bid; Glencore project slowed; Strateco sues Canadian government; and B2Gold achieves first production in Namibia.
Full Story...


Horseshoe encouraged by scoping study


HORSESHOE Metals says there is significant upside in a scoping study for its Horseshoe Lights copper-gold project, which is expected to be sub-economic in the current market conditions.
Full Story...


BC, MinRes amend Iron Valley deal


BC IRON and Mineral Resources have tweaked the Iron Valley mine agreement to evaluate improvements to ensure the operation’s viability.
Full Story...


Vimy boosts Mulga Rock uranium


VIMY Resources, formerly Energy and Minerals Australia, has posted a 60% boost to the Princess resource at its Mulga Rock uranium project in Western Australia.
Full Story...


Expatriate salaries in Africa fall


EXPATRIATE salary benchmarks in Africa have reduced by around 21% over the past 12 months, according to African-specialist HR consultancy firm Globe 24-7.
Full Story...


Jacana pulls IPO


SYRAH Resources spin-off Jacana Minerals has been forced to scrap its $A10 million initial public offering due to weak market conditions.
Full Story...


Coal prices force $1B Qld write-down


DEPRESSED coal prices have combined with drought-induced declines in agricultural output and federal disaster relief money coming earlier than expected, forcing Queensland’s state government to write down nearly $A1 billion in revenue for 2014-15 in yesterday’s “mini budget”.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Reserve Bank economists say job losses in mining industry are not a bad thing; and oil producers to feel pinch as prices slide.
Full Story...


Gains keep coming


THE local market continued its comeback today, holding on to the best part of an early rally.
Full Story...


Mining Briefs: Lucapa, Poseidon and more


TODAY in Mining Briefs: Lucapa to begin mining; Poseidon’s purchase pushed back; Altona to share cash; Medusa’s coal contracts; and drilling results from Crusader, Adelaide Resources, Pacifico and Excelsior.
Full Story...


Babel boosts Cassini


CASSINI Resources has announced the best ever result from its Babel deposit, pushing its shares up.
Full Story...


Monadelphous in coal dispute


ENGINEERING and construction firm Monadelphous has found itself embroiled in a contract dispute over the Wiggan Island Coal Export Terminal development at Gladstone in Queensland.
Full Story...




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