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Friday
30 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 
Global Wrap: Anglo, Cliffs and more


IN THIS week’s Global Wrap: Anglo flags impairment; Cliffs seeks creditor protection for subsidiary; Amplats’ profit warning; Ivanhoe’s price slump; and new copper mine finally starts production.
Full Story...


MORE PREMIUM FEATURES

Back to mining’s basics


MACA ironing out the bugs


A FIFO faux-pas?


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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

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MINE PRODUCTION TODAY 
Another strong quarter for Metals X


METALS X has beaten its quarterly gold guidance and posted a new tin production record, capping off another strong period for the company.
Full Story...


Record iron ore shipments for MinRes


THE ramp-up of the Iron Valley mine has helped Mineral Resources achieve record iron ore shipments, while the operation has been reconfigured to maximise higher received prices.
Full Story...


OM quarterly production lower


OM HOLDINGS’ manganese production at its Bootu Creek mine in the Northern Territory was down quarter-on-quarter during the final three months of 2014 as result of a shift in mining.
Full Story...



MORE MINE PRODUCTION TODAY

Aussie mines drive Newcrest


BC Iron back on track


Tiger plunges on December figures


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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 
Strong end to the week


MINING stocks were some of the best performers in what was another good session for the local market today.
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MORE FINAL CALL

Slow day for zinc


Another strong quarter for Metals X


New takeover offer for Black Range


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INVESTMENT 
New takeover offer for Black Range


BLACK Range Minerals is set to be swallowed up by Canada-based Western Uranium Corporation in a scrip deal valuing it at $A18.5 million.
Full Story...


MORE INVESTMENT

Chesser proposes further return of capital


Buy, Sell, Hold: Arrium, Panoramic and Gold Road


Ratings agencies downgrade Atlas


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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 
Duketon doubles nickel resources


DUKETON Mining has more than doubled the nickel at its namesake project in Western Australia on the back of a maiden resource for the C2 deposit.
Full Story...


MORE MINERAL EXPLORATION

Kambalda delivers for Mincor


Porphyry copper for Hot Chili


New nickel discovery boosts Panoramic


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MERGERS & ACQUISITIONS 
New takeover offer for Black Range


BLACK Range Minerals is set to be swallowed up by Canada-based Western Uranium Corporation in a scrip deal valuing it at $A18.5 million.
Full Story...


MORE MERGERS & ACQUISITIONS

Commodities crash may quash Glencore-Rio showdown


Consolidated becomes a producer


Doray closing in on Mutiny


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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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Another strong quarter for Metals X


METALS X has beaten its quarterly gold guidance and posted a new tin production record, capping off another strong period for the company.
Full Story...


Strong end to the week


MINING stocks were some of the best performers in what was another good session for the local market today.
Full Story...


Mining Briefs: Kingsrose, Minbos and more


TODAY in Mining Briefs: Kingsrose restructures a loan; Minbos enlists Angolan services; ABM contracts out Old Pirate; Mintails secures new facility; and drilling results from Royal, Echo and Chinalco.
Full Story...

   CURRENT FOCUS FEATURES

FUNDING

Doray refinances to grab Andy Well’s cash

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


  VIEW ALL STORIES on FUNDING



   TODAY'S STORIES CONTINUED


Record iron ore shipments for MinRes


THE ramp-up of the Iron Valley mine has helped Mineral Resources achieve record iron ore shipments, while the operation has been reconfigured to maximise higher received prices.
Full Story...


ActivEX releases maiden resource


ACTIVEX has released a maiden inferred mineral resource for the Florence Bore north and south deposits within its Cloncurry copper and gold project in Queensland.
Full Story...


New takeover offer for Black Range


BLACK Range Minerals is set to be swallowed up by Canada-based Western Uranium Corporation in a scrip deal valuing it at $A18.5 million.
Full Story...


Chesser proposes further return of capital


CHESSER Resources is planning to return more cash to shareholders after struggling to find project acquisition opportunities.
Full Story...


OM quarterly production lower


OM HOLDINGS’ manganese production at its Bootu Creek mine in the Northern Territory was down quarter-on-quarter during the final three months of 2014 as result of a shift in mining.
Full Story...


Global Wrap: Anglo, Cliffs and more
Exclusively for Premium Subscribers


IN THIS week’s Global Wrap: Anglo flags impairment; Cliffs seeks creditor protection for subsidiary; Amplats’ profit warning; Ivanhoe’s price slump; and new copper mine finally starts production.
Full Story...


Aussie mines drive Newcrest


NEWCREST Mining has raised its full-year gold and copper guidance and lowered its cost guidance due to outperformance at the Telfer and Cadia mines in Australia, though Lihir in Papua New Guinea continues to be the black sheep.
Full Story...


Buy, Sell, Hold: Arrium, Panoramic and Gold Road
Exclusively for Premium Subscribers


ANALYSTS praised Arrium, Panoramic and Gold Road after recent news, though price targets for all three were lowered.
Full Story...


BC Iron back on track


BC IRON has lowered its cost guidance for the rest of the financial year and says it’s in a good position to ride out a slump in the iron ore price.
Full Story...


Explorer relief crucial: SACOME


THE federal parliament has no time to waste on implementing legislation which would assist Australia’s struggling mineral sector, according to the South Australian Chamber of Mines and Energy.
Full Story...


Ratings agencies downgrade Atlas


MOODY’S Investors Service and Standard & Poor’s have downgraded Atlas Iron’s credit ratings after the iron ore price continued to weaken.
Full Story...


Tiger plunges on December figures


SHARES in Tiger Resources plunged almost 65% this morning after its December quarter figures showed negative cash flows and production just short of guidance.
Full Story...


Women in Resources WA finalists announced


THE Chamber of Minerals and Energy of Western Australia has announced the finalists for the 2015 Women in Resources Awards.
Full Story...


Commodities sink


PRECIOUS and base metals took a hit overnight while oil and iron ore stabilised.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Carnegie Asset Management believes resource supercycle is over; Orica promises to reward shareholders in tough times; and Goldman Sachs, Barclays predict oil's recovery to be a way off.
Full Story...


Gains keep coming


THE local market staged another comeback today after a sharp drop at the beginning of trading.
Full Story...


FMG not considering asset sales


DESPITE ongoing weakness in the iron ore price, Fortescue Metals Group says it is not considering selling assets to pay down debt.
Full Story...


Mining Briefs: Altona, Kingsgate and more


TODAY in Mining Briefs: Altona to share dividends; Assays from Kingsgate and Taruga; Hot Chili’s MoU; Windward’s conductive find; and Padbury sets up subsidiary.
Full Story...




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