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Wednesday
29 April 2015
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   TODAY'S STORIES
 
DRYBLOWER 
Dryblower examines the high (and low) cost of debt for mining


IT WAS the cheapest of times, it was the most expensive of times. Dryblower apologises to Charles Dickens for twisting the opening line from his great novel A Tale Of Two Cities, but there isn’t a better way to tell the story of Fortescue Metals Group and its latest adventure in the credit market.
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MORE DRYBLOWER

Dryblower and the risks ahead for BHP and Rio as they crush business and political rivals


Dryblower and the problem with governments that want to help


Dryblower and the other crisis developing for iron ore, residential property values


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PREMIUM FEATURES 
Talga breaking new ground


TALGA Resources has its fair share of doubters and detractors. But with John Bond, Mark Creasy and Warwick Grigor onside, the company’s not having trouble finding supporters either.
Full Story...


MORE PREMIUM FEATURES

HSBC sees encouraging signs for iron ore rally


Nebo-Babel study ‘bulletproof’


Global Wrap: Vale, Anglo and more


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MINE SUPPLY TODAY 
PYBAR joins Unity at Henty


UNITY Mining has signed an agreement with mining contractor PYBAR Group which will see up to $A5 million spent on exploration at its Henty gold mine in Tasmania.
Full Story...


MORE MINE SUPPLY TODAY

Atlas discussions continue: McAleese


Cat tips upbeat profit outcomes


Viento to continue at Nullagine


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PROFESSIONAL PLACEMENTS 
Maintenance Manager
  • Expatriate Opportunity
  • Residential Africa

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MINE PRODUCTION TODAY 
Production lower at Medusa’s Co-O


THE shut down and subsequent ramp-up of a shaft at Medusa Mining’s Co-O gold mine in the Philippines is to blame for higher costs and lower production during the March quarter.
Full Story...


Barrick commits to exploration


BARRICK Gold has announced a $US150 million ($A190.7 million) copper exploration partnership, while also unveiling a new gold discovery.
Full Story...


Alacer reports solid quarter, secures credit facility


ALACER Gold has capped off a solid quarter of production at the Copler gold mine in Turkey by announcing it has secured a $US250 million ($A317 million) credit facility.
Full Story...



MORE MINE PRODUCTION TODAY

Higher costs for Regis


Straits ups guidance on production record


Costs and guidance lower at Casposo


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MINE GEAR TODAY 
Thinking pink at Telfer


EMPLOYEES at Newcrest’s Telfer operation in Western Australia have set themselves the goal of raising more than $A5000 for the National Breast Cancer Foundation.
Full Story...



FINAL CALL 
Miners take a breather


AUSSIE shares pulled back today following a strong performance yesterday.
Full Story...


MORE FINAL CALL

Gold stocks outperform


Changing FIFO fortunes


Botswana jumps on maiden resource


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INVESTMENT 
Padbury burning through cash


DESPITE being suspended from trading for the entire March quarter due to funding, Padbury Mining’s quarterly report highlighted the company’s staggering cash burn rate.
Full Story...


MORE INVESTMENT

Minemakers jumps on Senegal acquisition


Triton pens $200M Nicanda Hill deal


Atlas discussions continue: McAleese


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MINERAL EXPLORATION 
Barrick commits to exploration


BARRICK Gold has announced a $US150 million ($A190.7 million) copper exploration partnership, while also unveiling a new gold discovery.
Full Story...


MORE MINERAL EXPLORATION

Exploration breaks five-month slump


PYBAR joins Unity at Henty


Nebo-Babel study ‘bulletproof’


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MERGERS & ACQUISITIONS 
GRAM offer not fair or reasonable


PANAUST has reiterated its rejection of a takeover offer by shareholder Guangdong Rising Asset Management after an independent expert determined the offer was neither fair nor reasonable.
Full Story...


MORE MERGERS & ACQUISITIONS

Northern Star eyes 1Moz


Strandline to acquire Jacana assets


Evolution the right fit for La Mancha


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ENVIRONMENT 
Federal approval for Kintyre


FEDERAL Minister for the Environment Greg Hunt today gave the go-ahead for Cameco and Mitsubishi Development’s Kintyre uranium project in Western Australia.
Full Story...


MORE ENVIRONMENT

Enviro win for MinRes


Greens slip in NSW mine seats


Industry embraces WA rehab fund


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Miners take a breather


AUSSIE shares pulled back today following a strong performance yesterday.
Full Story...


Mining Briefs: Moreton, Red River and more


IN Mining Briefs today: Moreton aims for Bass assets; Red River enters JV; Drilling from Blackham and Axiom; Norton share offer increased; Western Mining’s offtake agreement; and Latin explores AIM.
Full Story...


Changing FIFO fortunes


FLY-in, fly-out workers are under pressure from three fronts because of the industry downturn, cutbacks and separate FIFO inquiries in Western Australia and Queensland.
Full Story...

   CURRENT FOCUS FEATURES

IRON ORE

Padbury burning through cash

HSBC sees encouraging signs for iron ore rally

Atlas discussions continue: McAleese

Mount Gibson transition continues

Enviro win for MinRes

Hockey applauds BHP iron ore stance

Viento to continue at Nullagine

BC rockets on March quarterly

FMG surges on $2.3B note issue

BHP pushes back 290Mtpa target


  VIEW ALL STORIES on IRON ORE



   TODAY'S STORIES CONTINUED


Production lower at Medusa’s Co-O


THE shut down and subsequent ramp-up of a shaft at Medusa Mining’s Co-O gold mine in the Philippines is to blame for higher costs and lower production during the March quarter.
Full Story...


BHP funds maths boost plan


BHP Billiton might be defending its tax practices to the Australian Senate, but the company is also keen to highlight its charitable work, through its support of the Australian Mathematical Sciences Institute to increase the representation of women in the field of mathematics.
Full Story...


Botswana jumps on maiden resource


BOTSWANA Metals has posted a maiden resource for the Maibele North polymetallic project in Botswana, outlining strong potential for further extensions.
Full Story...


Capital Watch: South Boulder, A1 Consolidated and more


IN Capital Watch today: South Boulder raises Eritrea funds; A1 Consolidated’s convertible notes; placements by TNG and Zenith; and Navarre issues part of shortfall.
Full Story...


BHP’s one-up in the Pilbara
Exclusively for Premium Subscribers


IT IS a slightly juvenile game of one-upmanship that has been played in the Pilbara for many years, but BHP Billiton’s audacious use of the “d” word last week could force Rio Tinto to roll the dice on its iron ore strategy. The Metal Detective, by Stephen Bell
Full Story...


Barrick commits to exploration


BARRICK Gold has announced a $US150 million ($A190.7 million) copper exploration partnership, while also unveiling a new gold discovery.
Full Story...


Talga breaking new ground
Exclusively for Premium Subscribers


TALGA Resources has its fair share of doubters and detractors. But with John Bond, Mark Creasy and Warwick Grigor onside, the company’s not having trouble finding supporters either.
Full Story...


Alacer reports solid quarter, secures credit facility


ALACER Gold has capped off a solid quarter of production at the Copler gold mine in Turkey by announcing it has secured a $US250 million ($A317 million) credit facility.
Full Story...


Higher costs for Regis


LOWER production and higher cash costs marred Regis Resources’ March quarter, but the company remains confident it can still meet full-year guidance.
Full Story...


Aditya cuts copper resources


ADITYA Birla Minerals has posted a new resource for the Nifty mine in Western Australia, with a sinkhole last year wiping out about 6.6 million tonnes of material at 2.49% copper.
Full Story...


Exploration breaks five-month slump


FOLLOWING five months of decline, mining exploration improved last month according to SNL Metals & Mining’s Pipeline Activity Index.
Full Story...


Padbury burning through cash


DESPITE being suspended from trading for the entire March quarter due to funding, Padbury Mining’s quarterly report highlighted the company’s staggering cash burn rate.
Full Story...


Metals continue rally


IRON ore and nickel rose again overnight, while precious metals also joined in.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Baird meets with ICAC; Adani executive answers questions in court; and Greens propose deep post-2020 carbon emissions cuts.
Full Story...


Iron ore drives market gains


THE rising iron ore price was a key driver of the Australian stock market today, with materials the best performing sector as the market drew closer to the illusive 6000-point mark.
Full Story...


Mining Briefs: Phosphate Australia, Windward and more


MAKING Mining Briefs today: Phosphate Australia applies to Takeovers Panel; Fraser Range updates from Windward and Ram; Hillgrove receives waiver; and final approvals for Southern Gold.
Full Story...


Nossal leaves MMG for Newcrest


MMG executive general manager – business development Michael Nossal will leave the company in July to take up a role with gold producer Newcrest Mining.
Full Story...


BHP contesting $522M tax bill


MINING giant BHP Billiton is facing a $A522 million tax bill in Australia for its Singapore marketing hub.
Full Story...




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