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Saturday
4 February 2012
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   TODAY'S STORIES
 
DRYBLOWER 

Dryblower sifts the copper/gold paradox and finds a false signal


CAN the price of copper and the price of gold rise at the same time? The answer is yes because that’s what has been happening since the start of the year, though it’s not something Dryblower reckons can continue.
Full Story...


MORE DRYBLOWER

Dryblower wonders whether anyone will ever actually pay a cent in MRRT


Dryblower discovers black cygnets before they become black swans


Dryblower and the importance of learning to live with change


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PREMIUM FEATURES 
Buy, Sell, Hold: Western Areas, Grange and Newcrest


THIS week, brokers run the ruler over gold giant Newcrest, magnetite producer Grange and nickel miner Western Areas in the wake of quarterly production results.
Full Story...


MORE PREMIUM FEATURES

The world is not enough


An absolute shipload


Motor manager


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MINE SUPPLY TODAY 
Coretrack’s Strange problem


CORETRACK will sell off subsidiary Globe Drill’s assets ahead of a legal fight with GT3000 rig licensor Strange Investments after it terminated the intellectual property licence agreement.
Full Story...


MORE MINE SUPPLY TODAY

Swick maintains guidance


Decmil expands footprint


Monadelphous expands order book


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PROFESSIONAL PLACEMENTS 
Principal Contracts & Procurement Specialist

  • Perth based management role
  • Leading global resources company
  • Oversee procurement for capital development projects in Western Australia

  • Full Story...


    Principal Project Generation Geologist

  • Asia/Pacific Focus
  • East Coast Australia Base With Regional Travel
  • Newly Created, Critical Role.

  • Full Story...


    Project Director

    Overseas Opportunity
    Full Story...



    MORE PROFESSIONAL PLACEMENTS

    BUSINESS DEVELOPMENT MANAGER
    Perth


    Senior Mine Geologist– FIFO 8/6 Perth


    Business Development Manager


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    MINE PRODUCTION TODAY 
    IMX puts up $20M to give Chinese partner breathing space


    IRON ore miner IMX Resources and its Chinese joint venture partner and biggest shareholder seem to have buried the hatchet after IMX agreed to provide a $A20 million short-term loan, secured against its Cairn Hill magnetite asset in South Australia, to the JV.
    Full Story...


    Long beats production target


    KAMBALDA nickel miner Independence Group continues its steady production performance from its flagship Long underground mine with production exceeding budget for the December quarter.
    Full Story...


    Higher costs hit Metals X


    LOWER mined grades and production from the Renison tin project have impacted on Metals X’s cash operating costs for the December quarter resulting in the cash operating margin from the project taking a dive.
    Full Story...



    MORE MINE PRODUCTION TODAY

    Troubles continue for Aditya


    Wet weather hits ERA’s bottom line


    Teranga looks to better year


    VIEW ALL STORIES

    MINE GEAR TODAY 
    Rocky road ahead for equipment sales


    DESPITE the amount of imported mining and construction equipment surpassing pre-global financial crisis levels in the middle of 2011, Australia’s largest freight forwarder has warned industry to expect a rocky year ahead.
    Full Story...


    Mining, flood rebuilding drives equipment sales


    THE Australian mining and construction equipment market grew strongly last year driven by demand from the mining sector and the natural disasters in the early part of 2011 and is expected to show further solid gains during 2012, according to an industry group.
    Full Story...



    FINAL CALL 
    Market ends week with a whimper


    A MUTED last day of trade has capped off a lacklustre week for the local market with mixed leads from Wall Street ahead of a jobs report, coupled with a drop in Asian stocks after disappointing earnings reports from Japan and South Korea.
    Full Story...


    MORE FINAL CALL

    Zinc continues to head south


    Sayers charged with tax fraud


    Condor not yet ripe for the picking


    VIEW ALL STORIES

    INVESTMENT 
    Condor not yet ripe for the picking


    AS IT dresses as a potential takeover target with its copper-gold and precious metal portfolio in Chile, making the most of dwindling cash reserves will no doubt become increasingly important for junior Condor Blanco Mines.
    Full Story...


    MORE INVESTMENT

    Extract halts shares ahead of bid


    Xanadu courting coal interest


    Capital Watch: Golden Rim, Bannerman and more


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    IPOs 
    Cohiba keeps head above water


    PERTH-based Cohiba Minerals has debuted on the Australian Securities Exchange at a 10% premium to its A20c issue price.
    Full Story...


    MORE IPOs

    IPOs face tough times


    Cashed-up Taruga ready to chase African gold


    Garrison connection boosts Highfield IPO


    VIEW ALL STORIES

    MINERAL EXPLORATION 
    A pint with: Humphrey Hale


    WOLF Minerals managing director Humphrey Hale has built his career working as a geologist in the mining and oil industry around the world. UK-born Hale spoke to MiningNewsPremium.net about that career and about the company’s tungsten project in England.
    Full Story...


    MORE MINERAL EXPLORATION

    Kula hits 2Moz


    Mining Briefs: Poseidon, Central Asia and more


    Molyhil resource boosted by 25%


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    MERGERS & ACQUISITIONS 
    Condor not yet ripe for the picking


    AS IT dresses as a potential takeover target with its copper-gold and precious metal portfolio in Chile, making the most of dwindling cash reserves will no doubt become increasingly important for junior Condor Blanco Mines.
    Full Story...


    MORE MERGERS & ACQUISITIONS

    Xstrata, Glencore in marriage talks


    Panoramic pounces on Magma


    Silver Lake moves on Phillips River


    VIEW ALL STORIES

    ENVIRONMENT 
    BHP green-lights $856M port funding


    MINING goliath BHP Billiton has given the go-ahead to $US917 million ($A856 million) in pre-commitment funding for the development of a 100 million tonne per year outer harbour facility at Port Hedland in Western Australia.
    Full Story...


    MORE ENVIRONMENT

    BHP outer harbour green-lighted


    Ramu back in the firing line


    Hot times for solar


    VIEW ALL STORIES



     


    ElDore buys up Zimbabwean project


    JUNIOR gold explorer ElDore Mining Corporation hopes to become a producer this year after inking a deal to acquire the Lonely gold mine in Zimbabwe for $US4.4 million ($A4.1 million).
    Full Story...


    Mining Briefs: Exxaro, GBM, Hillgrove and more


    IN TODAY’S Mining Briefs: Exxaro updates the terms of its takeover offer for African Iron, Hillgrove updates shareholders on the Kanmantoo copper mine and drilling results for GBM and Anchor.
    Full Story...


    Market ends week with a whimper


    A MUTED last day of trade has capped off a lacklustre week for the local market with mixed leads from Wall Street ahead of a jobs report, coupled with a drop in Asian stocks after disappointing earnings reports from Japan and South Korea.
    Full Story...

       CURRENT FOCUS FEATURES

    AFRICA 2012

    ElDore buys up Zimbabwean project

    Extract halts shares ahead of bid

    Papillon finds cash in London

    Rio accepts Kalahari offer

    BHP exits titanium minerals

    Zambian project gets a boost

    Teranga looks to better year

    Ampella tackles metallurgy enigma

    Endeavour hits post-merger target




       TODAY'S STORIES CONTINUED


    Xanadu courting coal interest


    SHARES in Mongolia-focused explorer Xanadu Mines have jumped after the company said it was looking to sell its thermal coal assets in order to focus on its copper-gold projects and coking coal joint venture with Hong Kong’s Noble Group.
    Full Story...


    Sayers charged with tax fraud


    AUSDRILL managing director Ron Sayers says he will defend tax fraud charges.
    Full Story...


    Executive Outcomes: Avalon, Alcoa and more


    DAVID McSweeney has resigned as chairman of Avalon Minerals, effective today.
    Full Story...


    Condor not yet ripe for the picking


    AS IT dresses as a potential takeover target with its copper-gold and precious metal portfolio in Chile, making the most of dwindling cash reserves will no doubt become increasingly important for junior Condor Blanco Mines.
    Full Story...


    Extract halts shares ahead of bid


    EXTRACT Resources has entered a trading halt today ahead of the proposed $A2.2 billion downstream offer from China’s Taurus Minerals.
    Full Story...


    Coretrack’s Strange problem


    CORETRACK will sell off subsidiary Globe Drill’s assets ahead of a legal fight with GT3000 rig licensor Strange Investments after it terminated the intellectual property licence agreement.
    Full Story...


    Capital Watch: Golden Rim, Bannerman and more


    GOLD explorer Golden Rim Resources has raised $A6.9 million to fund drilling and exploration at its Balogo project in Burkina Faso and Mali.
    Full Story...


    Xstrata, Glencore in marriage talks


    XSTRATA’S largest shareholder, commodities trader Glencore International, is seeking to merge with the mining giant to create a $A77 billion colossus that would rival the likes of BHP Billiton and Rio Tinto.
    Full Story...


    Panoramic pounces on Magma


    NICKEL producer Panoramic Resources has launched an off-market scrip bid for junior explorer Magma Metals, valuing the company at nearly $A40 million and sending its shares soaring.
    Full Story...


    A pint with: Humphrey Hale
    Exclusively for Premium Subscribers


    WOLF Minerals managing director Humphrey Hale has built his career working as a geologist in the mining and oil industry around the world. UK-born Hale spoke to MiningNewsPremium.net about that career and about the company’s tungsten project in England.
    Full Story...


    Buy, Sell, Hold: BHP, Alkane and Atlas
    Exclusively for Premium Subscribers


    BHP’s fundamentals are good and analysts see massive upside in Alkane shares while Atlas moves along slowly but surely.
    Full Story...


    Papillon finds cash in London


    FRESH off the back of high-grade hits from the Fekola gold discovery, west Africa-focused explorer Papillon Resources has raised $A15.9 million in a placement to institutional investors in London.
    Full Story...


    Swick maintains guidance


    SWICK Mining Services is maintaining its full year guidance of $A130 million as it continues to eye drilling opportunities and looks to expand its underground diamond drilling capabilities.
    Full Story...


    Nationalisation threat derails Republic’s Bolivian aspirations


    REPUBLIC Gold has suspended operations and investment in Bolivia after failing to raise the $US130 million ($A121 million) in capital required to develop its 1.2 million ounce flagship Amayapampa gold project pending regulatory and policy changes.
    Full Story...


    Decmil expands footprint


    CIVIL and building construction company Decmil Australia has been awarded a $A90 million contract by BHP Billiton Mitsubishi Alliance to build an accommodation village in Queensland.
    Full Story...


    Iron ore focus back where it all began


    AS attention focuses on the fortunes of iron ore explorers in Western Australia, a South Australian project is about to become Australia’s next iron ore mine. By Ngaire McDiarmid - RESOURCESTOCKS*
    Full Story...


    Stocks to fall


    AUSTRALIAN stocks are tipped to flatten on the back of disappointing news out of the US.
    Full Story...


    Training opportunities in Pilbara


    INDIGENOUS Australians in Western Australia’s Pilbara should have greater access to jobs in the resource sector through a training program set up in the region.
    Full Story...





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