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Thursday
27 November 2014
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June - 2009
Base metal rally buoys resources


THE mining heavyweights led the Australian market into positive territory for the first day of winter following stronger base metal prices and a bullish lead from Wall Street on Friday.
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Gold hits three-month high


SPOT gold climbed 0.5% to a three-month high of $US983.75 an ounce at 2:56pm AEST. The bulk of precious metal stocks on the Final Call watchlist gained ground today with Newcrest Mining closing 2.4% higher, Lihir Gold up 1.2%, however Sino Gold Mining fell 1%.
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Riding the radio wave


AT the grand old age of 50, Codan is still living the high-frequency life.
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Keeping handy


Keeping an eye on service and equipment health has helped a hire specialist carve a niche in the mining game. By Wally Graham.
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Dwyka in talks with UK explorer


DUAL-listed Dwyka Resources is in talks with United Kingdom-based explorer Minerva Resources for a possible takeover offer of the company.
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Executive Outcomes: Ramelius, Mineral Deposits, A-Cap, Excalibur, Hawthorn, Thor


RAMELIUS Resources founding managing director Joe Houldsworth has announced his retirement from an executive role after six years at the helm.
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Kangaroo to jump into Indo coal exploration


KANGAROO Metals has the option to enter into a joint venture with private Australian company Alexis Minerals for the development of two coal projects in East Kalimantan, Indonesia.
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Forte Energy to beef up war chest


URANIUM play Forte Energy is seeking to raise $A10 million to progress its projects in west Africa.
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Copper Range to purchase Icon Gold


COPPER Range has entered into a binding agreement to acquire all of the issued shares in unlisted company Icon Gold, as well as restructure its board and conduct a capital raising.
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Ampella ramps up raising


AFTER raising around $A4.7 million since the start of this year, Ampella Mining has announced it will raise a further $4 million via a placement.
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Dryblower on who’s buying


BARGAIN-basement shopping to build a stockpile of metals, or genuine buying for consumption in its factories, that is the trillion-dollar question which has Dryblower, and the rest of the world, looking at China with an increasing sense of anxiety.
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One for the mining entrepreneurs – Keep at it
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MANY junior companies are still doing it tough when it comes to raising capital, despite the improved activity of recent weeks – and many mining professionals remain out of work too. So this week Allan Trench shares the inspirational story of one of history’s great men, Abraham Lincoln. It is a story that epitomises the pay-offs from persistence.
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A lesson in retrenchment
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THE skills shortage taught companies about the perils of retrenching staff in an economic downturn. This time around many companies are taking a different approach to cost cutting. Angela Kean reports.
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Macarthur sticks with Sedgman


SEDGMAN has won an $A80 million contract extension to operate the two key coal-handling and preparation plants of Macarthur Coal’s Coppabella and Moorvale mines in Queensland’s Bowen Basin.
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Trading suspended as BC Iron works out FMG deal


IRON ore junior BC Iron has requested a voluntary trading suspension as it finalises its in-principle deal with Fortescue Metals Group over rail haulage and port services for its Nullagine iron ore project in the Pilbara.
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Talbot to buy Robust stake


SHARES in Robust Resources have jumped almost 14% this morning on news Talbot Group Investments, the investment arm of Talbot Group Holdings, will take a 15% stake in the company.
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Resource upgrade boosts Territory


IRON ore miner Territory Resources has delivered a 112% upgrade in resources at its flagship Helene 6/7 deposit, part of its Frances Creek iron ore project in the Northern Territory.
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Finders signs deal to buy plant


FINDERS Resources has entered into a legally binding heads of agreement with Straits Resources, giving Finders the right to acquire Straits’ Whim Creek solvent extraction-electrowinning (SX-EW) plant.
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FMG reports $US1.2B profit


AUSTRALIA’S third-largest iron ore producer Fortescue Metals Group has posted a $US1.18 billion ($A1.5 billion) net profit for the nine months to March 31, up from a net loss of $767.6 million in the previous corresponding period.
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Man injured at Lihir’s Ballarat mine: report


A WORKER from Lihir Gold’s Ballarat mine in Victoria has reportedly been hospitalised after being injured in a blast incident.
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Yarwun funding deadline delayed again


RIO Tinto has again extended the deadline for Chinalco to confirm its participation in funding the Yarwun 2 refinery expansion in Queensland.
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Worker killed at Sino Iron project


A 34-year-old worker was killed on Saturday at CITIC Pacific Mining’s Sino Iron magnetite project at Cape Preston, near Karratha in Western Australia.
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Reject Union offer: Bonaparte


TAKEOVER target Bonaparte Diamond Mines has backed Minemakers’ sweetened all-scrip offer, while rejecting Union Resources’ rival bid.
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Industrea bags BMA collision avoidance contract


INDUSTREA has won a $A5.4 million contract to supply its CAS-CAM/RF collision avoidance system to BHP Billiton Mitsubishi Alliance.
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Copper plays lift as metals rally


IT was copper’s day to shine with the metal continuing its impressive rally, and lifting Australian copper plays along with it.
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ET starts staffing


FRESH ideas from a new perspective will likely lead to considerable expansion at an underground equipment hire and sales specialist.
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Into a brave new world


DRILLING specialist Ausdrill has taken a big step into the drilling consumable space with the opening of its Manufacturing Division premises in Canning Vale, Western Australia.
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Future looking bright


DESPITE the global slowdown, mid-sized mining service providers believe this is no time to be gloomy about the future. By Owen Jacques
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Heeding a coal calling


After taking a beating in the mining downturn, a drilling and mining services contractor is fighting back.
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The best day in half a year


WITH metals prices reaching their highest levels in months, most mining equities were basking in the sunlight today.
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Amayapampa similar to Victoria: Republic Gold


REPUBLIC Gold said its Amayapampa gold project in Bolivia has similar geology to central Victoria, another famous gold region.
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Synergy buoyed by Glen Wills upgrade


SYNERGY Metals has reported a 39% boost in the resource potential of its Glen Wills gold project in Victoria’s historic east Gippsland mining region.
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ABM, Ochre deal moving forward


PROJECT finance and advisory group Ochre Holdings will go ahead with its proposed ABM Resources deal after wrapping up a due diligence review of the company.
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EPA approves part of Midwest’s mining plan


CHINESE-backed Sinosteel Midwest Corporation has won environmental approvals for mining at the Koolanooka Hills project, but only half the proposed Blue Hills project, with an area at Mungada East decreed unsuitable for mining by the Western Australian environmental approval agency.
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Batavia investment boosts West Australian Metals


SHARES in West Australian Metals have soared more than 16% today after fellow junior explorer Batavia Mining confirmed it had invested $A2.1 million in the company.
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Cameco on cusp of Kintyre drilling
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NEXT month Canada’s Cameco Corp is due to start drilling the first holes into its Kintyre uranium project. The $A9 million program will give another leg-up to Western Australia’s mini uranium boom – but don’t expect yellowcake production anytime soon. The Metal Detective, by Stephen Bell
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Dominion preparing for expansion


DOMINION Mining is adding the finishing touches to detailed design and construction plans for the plant expansion at its Challenger gold mine, but has warned production for the June quarter will be slightly lower as a result of increased mine development.
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Hercules pays dividends for IronClad


IRONCLAD Mining says it has identified direct shipping ore at the Hercules magnetite iron ore project, only 15km from its Wilcherry Hill project in South Australia.
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Colombian contract win for GRD Minproc


ENGINEERING firm GRD Minproc has been awarded the contract to complete a definitive feasibility study at the massive Angostura gold-silver project in Colombia.
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High-grade zinc at Myrtle


ROX Resources has identified a higher-grade zinc resource within the existing resource estimate at its Myrtle deposit in the Northern Territory.
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Jabiru puts Bentley on the fast track


JABIRU Metals aims to raise $A11.5 million through the issue of up to 46 million shares to fast-track development of the Bentley project, south of its Jaguar mine near Leonora in Western Australia.
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Chalice loans cash to Sub-Sahara


CHALICE Gold Mines has loaned Sub-Sahara Resources $A450,000 ahead of the proposed merger between the two gold juniors.
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The rise and rise of copper


THE red metal has hit its highest price in eight months, soaring over $US5000 per tonne last night in European trading and taking Australian copper plays higher with it.
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Gold’s safe-haven status will stay: RCR


GOLD will maintain its safe-haven investment status relative to most asset classes, according to Resource Capital Research analysts who have tipped the price of the precious metal to trade at $US900-1000 an ounce over the next six months.
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China iron talks continue: Rio


RIO Tinto has settled iron ore prices with more Asian customers, but talks are continuing with Chinese steel mills.
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Silver Lake kicks off second mine


GOLD producer Silver Lake Resources is about to start mining the Christmas Flats deposit, which will be the second mine at the company’s Mount Monger operation in Western Australia’s Goldfields region.
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Better mining through Norwegian tunnelling
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IMPROVING mine productivity is important at the best of times and is even more vital now – so could the example of Norwegian tunnelling help Australian underground operations achieve better development rates?
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Runge shares soar on contract win


A MAJOR contract win for mining technology services group Runge, which will contribute about $A2 million in licence fee revenue, has sent shares soaring.
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A1 Minerals inches closer to production


JUNIOR gold explorer A1 Minerals says refurbishment and construction of its BrightStar gold treatment plant in Western Australia’s Goldfields is 25% complete with production on track for December.
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Recession avoided, for now


AUSTRALIA’S narrow escape from a technical recession received a positive response on the local bourse, with the benchmark index breaking through the 4000 point level and miners generally following the upward trend, despite a marginal fall in base metals overnight.
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Golden shine


A WEAKENED US dollar has boosted the appeal of gold with many Australian gold plays swept up in the lift.
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Esperance errors


A SERIES of oversights and errors involving four parties – the environmental authority, the port authority, and Magellan Metals and its contractor – led to Esperance’s lead issues.
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Extract responds to boardroom stoush


EXTRACT Resources has responded to major shareholder Kalahari Minerals’ demands to oust managing director Peter McIntyre, saying the hiring and firing of executive management remains the responsibility of the Extract board.
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Kagara in suspension over raising


KAGARA’S shares have been suspended as the company rattles the tin to pay down debt and ratify a deal with Western Areas over the Lounge Lizard deposit.
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Miners act fast to keep economic bust at bay


WHILE the market capitalisation of the 40 largest mining companies in the world declined by 62% in 2008, the industry has reacted quickly in the face of the bust, according to a report from PriceWaterhouseCoopers.
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Macarthur to exceed expectations


MACARTHUR Coal says it will beat its full-year production target of 3.9 million tonnes of coal as work progresses on several developments, including the Moorvale continuous miner project.
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Underground results buoy Citadel


CITADEL Resource Group says results from the first hole in its underground drilling program at its flagship Jabal Sayid project in Saudi Arabia show mineralisation extends at least 60m below the current resource shell.
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Best results to date for Phosphate Aust


JUNIOR explorer Phosphate Australia has reported the best results yet from drilling at its wholly owned Highland Plains project in the Northern Territory.
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Terramin’s Chinese deals to go ahead


ZINC miner Terramin Australia has won approvals for a $A10 million Chinese share placement deal as part of a $46 million funding package which will help the company develop its Tala Hamza project in Algeria.
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OZ deal ticks regulatory boxes


CHINA Minmetals’ proposed $US1.2 billion ($A1.5 billion) bid for the bulk of OZ Minerals’ assets has now received all regulatory approvals, OZ announced today.
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Sinosteel warns EPA findings may threaten Mid West development


SINOSTEEL Midwest Corporation says the Environmental Protection Authority’s decision to not give full approval for its Blue Hills mining plan means the project may no longer be economically viable.
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Safety laws to go national
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AUSTRALIA will move to a national occupational health and safety system after state and territory governments recently agreed to “harmonise” their laws. But the trade unions are condemning the change as a death sentence for safety in the mining industry.
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EMA faces another round over Mulga Rock


DESPITE winning a Supreme Court case in May over its Mulga Rocks project, Energy and Minerals Australia is now facing an appeal from the original claimant over the disputed exploration licenses.
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Robust results in Indonesia


INVESTORS have responded positively to news from junior explorer Robust Resources that its Romang Island project in Indonesia will have average recovery rates of 94% for gold and 95% for silver.
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Savannah on the rise


A DRILLING program at Panoramic Resources’ Savannah project in Western Australia’s Kimberley region has boosted the deposit’s mineral resource to more than 98,500 tonnes contained nickel.
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Doing business with China: the need for reforms
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ONE discomforting aspect of banking regulation in China is the degree of embezzlement that exists. By Ron Berryman.
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Queensland coal assets up for sale


HAVING lost its AAA credit rating, the Queensland government aims to reduce state debt by up to $A15 billion through asset sales, including Queensland Rail’s coal haulage business and the Abbot Point Coal Terminal.
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Uranio, Manhattan to tie the knot


JUNIOR uranium explorer Uranio has announced plans to merge via a scrip deal with Alan Eggers-led private uranium play Manhattan Resources.
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CuDeco plans $52.5M raising


COPPER play CuDeco says it has finalised plans to raise up to $A52.5 million via a share placement and share purchase plan.
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FerrAus firms up resources


IRON ore hopeful FerrAus has firmed up iron ore tonnes at its Davidson Creek project, raising its total resources in the East Pilbara to 166.6 million tonnes.
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Lion Selection director faces insider trading charges


A FORMER director of mining investment group Lion Selection has appeared in a Melbourne magistrate’s court to answer charges of insider trading and breaches of director’s duties.
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Reality check as market sees red


THE market was a sea of red today as it retreated from yesterday’s gains on the back of heavy losses in the resources sector.
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Copper loses some shine


THE red metal’s recent high came to a grinding halt today as it stumbled back under the $US5000 barrier, as base metals followed the majority of mining equities on their journey south.
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FIRB approves Bauxite’s Chinese investment


THE Foreign Investment Review Board has given the green light to Bauxite Resources’ $A9.85 million share placement to Shandong Provincial Bureau of Geology and Mineral Resources, which will hand the Chinese government agency a 13% stake in the junior bauxite explorer.
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Where to now?


THE mining industry is at a loss as to what it does now that the flow-through shares scheme has failed to materialise. Robin Bromby explains.
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Share schemes shaken and resources players stirred


I HAVE a birthday this month which, until Wayne Swan announced his recent budget, would have taken me a step closer to retirement. By Wally Graham
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Records tumble at Avoca


GOLD production at the Trident underground mine at Avoca Resources’ Higginsville operations in Western Australia has hit a monthly record, the gold play announced today.
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Manas joins the cap raising queue


GOLD explorer Manas Resources is raising $A6 million to fund its work in Kyrgyzstan, where the company has already delineated over 800,000 ounces of gold.
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Getting set in resources
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BUT there is one puzzle: why no new floats? The Outcrop by Robin Bromby.
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Moly Mines sets its sights on iron ore


MOLY Mines says first iron ore production could be achieved within 3-6 months at its Spinifex Ridge project in Western Australia’s Pilbara region after reporting the maiden iron ore resource estimate for the project.
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Mining pay goes flat, but WA still the best paid state


IT should come as no surprise to anyone in the mining industry that salaries have stopped their rocket-like ascendancy of the boom years with the latest Hays salary survey confirming resources and mining salaries have flattened out. However, the figures show mine workers in Western Australia can still expect to earn more than workers in other states.
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Sino Gold, Gold Fields alter alliance


SINO Gold Mining and Gold Fields have agreed to modify their exploration alliance after Gold Fields opted to sell its 19.8% stake in Sino Gold to Canada’s Eldorado Gold Corporation for around $US282 million ($A343 million).
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Gujarat launches Rey takeover


NEW South Wales coking coal producer Gujarat NRE Minerals has made a takeover bid for Rey Resources in an attempt to gain exposure to the thermal coal market.
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Maiden resource for Xenolith


LOW-profile junior explorer Xenolith Resources has reported an initial coal resource for the Hinton coal project in Alberta, Canada.
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Golden Rim extends Sepola


GOLD play Golden Rim Resources has acquired an additional licence which extends the Sepola gold project in Mali by 32 square kilometers.
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Aquila gives Washpool the thumbs up


AQUILA Resources says its Washpool hard coking coal project in Queensland’s Bowen Basin has shown robust economics with no fatal flaws and could be producing 1.6 million tonnes per annum in 2012.
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Soda ash supply locked in: Galaxy


EMERGING lithium producer Galaxy Resources has secured a supply of soda ash for its proposed lithium carbonate plant in Jiangsu Province, China.
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Metals X secures sulfur for Wingellina


METALS X has entered into an agreement with Syngas to purchase 15% of the sulfur needed for the proposed massive Wingellina nickel laterite project in Western Australia.
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OZ says no eleventh hour deal


A $A1.5 billion alternative to the Minmetals deal is being presented to OZ Minerals today, according to news reports, but the company said this morning it had not received a “superior proposal”.
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Australia’s new generation of gold mines


WITH the gold price near an all-time high, gold hopefuls are clamouring to bring projects into production to take full advantage. MiningNews.net takes a look at some projects that are in the running to be Australia’s next batch of underground gold mines.
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Oropa hits accelerator


OROPA says technical consultants have been engaged to accelerate pre-feasibility activities at the Sihayo and Sambung prospects at the Pungkut gold project in Indonesia.
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Iron ore stocks surge


NEWS that Rio Tinto and BHP Billiton were looking to combine their Pilbara operations to create a massive iron ore business saw the bulk of iron ore stocks on the Final Call watchlist finish the week in positive territory.
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No place like Homestead for Norton


NORTON Gold Fields' share price jumped more than 12% today after the company announced the official opening of its $A13 million Homestead underground mine near Kalgoorlie.
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OZ says new deal hasn’t arrived


OZ Minerals says a reportedly eleventh-hour recapitalisation deal has yet to materialise, adding that it had turned down previous offers it considered inferior to its $A1.2 billion deal with Minmetals.
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Deal won’t change price talks, growth plans: BHP


THE possibility of a negative Chinese reaction to the BHP Billiton and Rio Tinto iron ore joint venture was not one BHP chief Marius Kloppers was prepared to discuss today as he talked up the benefits of the marriage to journalists.
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Fast waterworks fix


A FIXED Activated Sludge Treatment system is processing wastewater at Anglo Coal’s Lake Lindsay open cut coal mine in Queensland’s Bowen Basin.
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Gloucester contracts discounted 60%


GLOUCESTER Coal has settled coking coal contracts with Japanese buyers at 60% lower than last year’s prices.
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Game, set and match to BHP


BHP Billiton boss Marius Kloppers was the cat that ate the canary after signing an epochal deal with Rio Tinto today over the two companies’ Pilbara iron ore operations – but he would not rule out the company making another takeover bid for its new joint venture partner.
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Executive Outcomes: Rio Tinto, Cauldron, Sinosteel Midwest, Ord River, Sino Gold


RIO Tinto Iron Ore chief executive Sam Walsh will join the miner’s board and head the massive iron ore joint venture with BHP Billiton that will combine the two companies’ operations in the Pilbara.
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Mount Gibson settles Koolan agreement


MOUNT Gibson Iron has finalised a heritage and protection agreement with the Dambimangari Native Title Group for iron ore exploration on the western side of Koolan Island.
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Rock Stocks: juniors benefit from growing optimism
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A SENSE of optimism, a healthier lead from Wall Street and some movement in global commodity prices has helped local juniors. By Ron Berryman.
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Rio and BHP tie the knot in the Pilbara, but what about China?


WITH Rio Tinto and BHP Billiton looking to combine their Pilbara operations to create an immense iron ore business, where does this leave China?
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Angas ramping up


TERRAMIN Australia’s Angas zinc mine was commissioned at a time when most other zinc mines were closing due to declining metal prices. Thanks to low cash costs, Angas is a profitable operation and well positioned to take advantage of any rise in the price of zinc. Kristie Batten reports.
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Supply deal boosts Globe


SHARES in Globe Metals and Mining have soared as much as 30% today after signing another agreement for the supply of niobium from its Kanyika project in Malawi.
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Polo to take 12% of WA Metals


WEST Australian Metals has secured Polo Resources as a cornerstone investor in its previously announced $A9.9 million share placement, with the Alternative Investment Market-listed group to take a 12% stake in the uranium junior.
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Red tape strangling NSW miners


FIVE hundred and seventy two pieces of legislation, regulation, guideline and code are entangling the New South Wales coal industry into a mess of duplication and delays. The NSW Minerals Council says it’s time for a change.
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BC Iron, FMG ink JV deal


INVESTORS smiled on BC Iron and Fortescue Metals Group today following an announcement that the iron ore plays have entered into a joint venture deal to develop BC Iron's Nullagine project in Western Australia’s Pilbara region.
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Aquila wins court battle


AQUILA Resources has won the Supreme Court case against its Australian Premium Iron Joint Venture partner, AMCI, over the development of a port at Anketell Point in Western Australia’s Pilbara.
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Rio to raise $US15.2B, calls off Chinalco deal


THE Chinalco deal is now officially over with Rio Tinto launching a fully underwritten $US15.2 billion ($A18.9 billion) raising and a massive iron ore marriage with BHP Billiton in the Pilbara.
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First resource at Oban


JUNIOR uranium explorer Curnamona Energy has announced a modest inferred resource at its Oban project in South Australia, where the company hopes to have in situ mining up and running by late 2010.
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More high-grade results from Iron Valley


IRON Ore Holdings has released another batch of drilling results from its Iron Valley direct shipping ore project in Western Australia’s Pilbara region.
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BHP to pay Rio $5.8B to create massive iron ore JV


MAJOR miner Rio Tinto and BHP Billiton have this morning announced a massive iron ore joint venture combining the two companies’ operations in the Pilbara, with Rio scrapping its deal with Chinese company Chinalco in the wake of the unprecedented move.
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CME raises tax review concerns


THE Western Australian Chamber of Minerals and Energy has raised concerns over the introduction of a federal resources tax and has called for a fair allocation of tax revenue to the resource-rich state in the wake of the WA government’s submission to the Henry Tax Review.
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Polo on the uranium hunt


FRESH from its placement to uranium junior West Australian Metals, Alternative Investment Market-listed mining and investment group Polo Resources is now looking to snap up a 19.9% stake in another uranium play, Impact Minerals.
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EPA’s Sinosteel decision may cost jobs: GIOA


THE Environmental Protection Authority’s decision to approve only part of Sinosteel Midwest Corporation’s Koolanooka/Blue Hills direct shipping ore project could be at a cost to the Mid West economy, the Geraldton Iron Ore Alliance has warned.
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Dryblower on revolting shareholders


THERE is a whiff of revolt in the air. We saw it three weeks ago at the big oil company, Royal Dutch Shell. This was followed last week at Rio Tinto and, unless Dryblower is misreading his tea leaves, we’ll see it again next Thursday at OZ Minerals.
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Worst is over, but recovery slow: NAB


AFTER what has been a dramatic plunge since mid-2008, base metals prices appear to have bottomed. However, don’t expect a quick recovery, analysts at National Australia Bank have warned.
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Mining figures win Queen’s Birthday honours


A PROMINENT Western Australian geologist and a leading coal mining figure have been recognised as part of the Queen’s Birthday honours list.
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Gold four years on
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CAST your mind back to 2005. Speculation was rife that the yellow metal would hit $US500 an ounce – and a Melbourne Cup field of Australian gold juniors all looked poised for success. So this week Allan Trench looks back on the class of ’05 – and finds some big winners – and others already long gone.
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Alternative OZ bid snubbed: report


A GROUP of around 20 investors led by RFC Corporate Finance and RBC Capital Markets have had their $US1.2 billion ($A1.5 billion) recapitalisation proposal for OZ Minerals knocked back in favour of the company’s proposed deal with China Minmetals.
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Juniors call for rail action after Rio-BHP marriage


THE proposed BHP Billiton and Rio Tinto Pilbara tie-up will make third-party rail access for iron ore juniors even more important, according to the North West Iron Ore Alliance.
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Immersive underground
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AFTER a decade of making its name simulating surface mining equipment, Immersive Technologies is close to releasing its first underground simulator. By Noel Dyson.
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Explorers chasing gold with govt grant


THE Western Australian state government’s $A20.5 million industry drilling program has already had hundreds of applications, with gold the most popular target mineral.
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Rowley sells FMG shares


FORTESCUE Metals Group executive director Graeme Rowley has offloaded $A2.36 million worth of shares in the iron ore powerhouse.
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Dealings in nickel


NICKEL was the hot topic of the day with speculation confirmed that failed gold play Croesus Mining will be resurrected as nickel explorer Sirius Resources, following a deal between Western Australian mining veteran Mark Creasy and gold miner Apex Minerals. However, the news did little to raise investor interest in most nickel plays.
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IGC, Nkwe merger called off


THE proposed $A60 million tie-up of junior explorers International Goldfields and Nkwe Platinum has been scrapped in favour of an asset sale.
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Iron grove


MOBILITY and a high lift capacity were the key reasons behind BHP Billiton Iron Ore’s decision to buy a Grove GMK7450 all terrain crane.
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BHP shelves Indonesian trial mine


BHP Billiton has cancelled plans to develop the Haju trial mine at its Maruwai Coal Project in Kalimantan, Indonesia.
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Yukon viable: Overland


OVERLAND Resources says there is potential to economically develop a mining operation at its $US94 million ($A119 million) Yukon base metal project in Canada.
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Bumper uranium hit for Deep Yellow


CASHED-up uranium explorer Deep Yellow has returned an “exceptional” high-grade drilling intercept from its Namibian projects, where the company is targeting resources that could support a uranium operation of 1000 tonnes per annum.
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Toro bows out of Warrior


URANIUM explorer Toro Energy has announced its withdrawal from farm-in agreements at the Warrior uranium project in South Australia following its review of the project area.
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Rover brings goods to Westgold


WESTGOLD Resources says two new mineralised zones, hosting copper, gold, cobalt and bismuth, have been discovered at the Rover 1 project in the Northern Territory.
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Beyondie results boost Emergent


SHARES in junior explorer Emergent Resources jumped more than 14% today on strong results from the second-phase drilling program at its flagship Beyondie magnetite project in Western Australia’s Mid West region.
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Ramu on track: Highlands Pacific


HIGHLANDS Pacific says the construction of the massive $US1.37 billion ($A1.73 billion) Ramu nickel-cobalt project in Papua New Guinea is on time and on budget with commissioning on track for later this year.
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China’s second prize vanadium?
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CHINA may have missed out on first prize, namely Rio Tinto, but the dragon is still casting its eye over plenty of smaller Australian projects that could feed its steel-making sector. The latest is Windimurra Vanadium. The Metal Detective, by Stephen Bell
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Apex, Creasy in nickel spin-off deal


IN a move to focus primarily on its flagship Wiluna gold operation, Apex Minerals will spin off its nickel assets in a deal with well-known prospector Mark Creasy.
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Norton heads underground
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THE newly opened Homestead underground mine, a major part of Norton Gold Fields’ growth plans in the Goldfields region, is expected to significantly boost production at the Paddington gold operation. Wally Graham reports.
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Cape Lambert turns to Takeovers Panel


CAPE Lambert Iron Ore has requested the Takeovers Panel to review a decision by the Australian Securities and Investment Commission over its acquisition of failed miner CopperCo.
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OZ’s fate in shareholders hands


AS shareholders get ready to vote on OZ Minerals’ Chinese deal, the company has again rejected alternative recapitalisation proposals as inferior to the Minmetals deal. Now, the future of the company hinges on whether its shareholders back China or the new eleventh-hour plan.
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Consuming passions


DRILLING specialist Ausdrill has taken a big step into the drilling consumable space with the opening of its Manufacturing Division premises in Perth.
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Capital Watch: Chesser, Peak, East Coast, Bannerman, Beaconsfield


GOLD explorer Chesser Resources says it has bolstered its coffers by $A2.3 million via share placements and a shareholder purchase plan.
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Navigator a step closer to gaining Bronzewing


NAVIGATOR Resources is a step closer to gaining control of the Bronzewing gold mine after Western Australian mining veteran Mark Creasy passed on his pre-emptive rights over the asset.
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Hold stance makes glum job prospects


MINING job seekers face an uncertain future as hiring managers put their decisions to hire new employees on hold, according to a survey released today.
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Atlas to rattle the tin


SMALL-scale iron ore miner Atlas Iron has entered a trading halt ahead of a capital raising.
Full Story...

Luiri Gold to list on ASX


AN investment agreement will see Lachlan Star inject $A3 million into Canada-listed resource company Luiri Gold and the dual listing of Luiri Gold on the Australian stock exchange.
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Contract signed on Watermark


THE anticipated contract between coal giant China Shenhua Energy and Every Day Mine Services has been signed today, signalling drilling at the Watermark exploration project near Gunnedah, New South Wales, will soon start.
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Coffey expects earnings to lift


ENGINEERING consultants Coffey International is expecting a profit of up to $A57 million for the full year to June, despite a significant drop in revenue in the third quarter.
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Iron plays lift


THERE were some heady gainers in the iron ore sector although there was no one factor that helped explain the rises – was it rumours that Brazilian major Vale has settled its prices with smaller Chinese mills, or just optimism about the market?
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It’s all in the numbers


THE iron ore price has fallen. Michael Pascoe puts this and other important numbers into perspective.
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Void in the market


THE recent addition of a hire and rental arm to Measurement Devices Limited’s offering has allowed its customers more freedom of access to its laser scanning solutions.
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Power sells up Cape Lambert stake


HONG Kong-based Power United has offloaded its major shareholding in iron ore hopeful Cape Lambert Iron Ore.
Full Story...

Lower Zone pays dividends for Panoramic


INVESTORS smiled on Panoramic Resources today after it announced mineralisation had been intersected below the Lower Zone resource at its Savannah project in Western Australia’s Kimberley region.
Full Story...

Sylvania sweetens Great Australian bid


DUAL-listed Sylvania Resources has upped its takeover offer for Great Australian Resources with shares in both the target and would-be suitor soaring on the news.
Full Story...

Oklo applies to expand Mali targets


THE news Oklo Uranium has applied for 15 exploration licences over uranium targets at its Kidal project in northeast Mali, west Africa, sparked investor interest in the junior today.
Full Story...

Executive Outcomes: White Canyon, Marathon and Calibre


FORMER Bannerman Resources managing director Peter Batten has been nabbed by another yellowcake hopeful, White Canyon Uranium.
Full Story...

Uranium mining on the fast track


THE United States Nuclear Regulatory Commission has announced a revised permitting policy for in-situ uranium recovery mining operations in its western states ahead of an expected influx of licence applications next year.
Full Story...

BHP takes coking coal price cut


BHP Billiton has settled its metallurgical contracts for 2009 at 58% below last year’s levels.
Full Story...

Toro’s Centipede grows


TORO Energy has reported a 26% and 6% jump in the average grade and contained uranium respectively at its Centipede uranium resource in Western Australia.
Full Story...

Contractors lose with Rio-BHP marriage: reports


BHP Billiton could be moving to owner mining and ditching its contract miners under its Pilbara tie-up with Rio Tinto.
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Adamus gets green light for gold project


GOLD explorer Adamus Resources has been granted a green light to mine its Southern Ashanti gold project in Ghana.
Full Story...

Doing business with China: a lesson from Willie Sutton
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UNITED States bank robber William “Willie” Sutton once answered reporter Mitch Ohnstad, who had asked why he robbed banks: “Because that's where the money is”. Ron Berryman completes his series on doing business with China.
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Cerro Negro grows for Andean


ANDEAN Resources says its flagship Cerro Negro project in Argentina is close to hitting a 3 million ounce gold equivalent resource following an upgrade at its Eureka West deposit.
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BDI goes up, then down – will iron ore prices follow?


THE Baltic Dry Index has yo-yoed as freight rates for capesize vessels soared, but in the past few days it has fallen back almost as sharply, suggesting iron ore demand is likely to wane once more.
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Atlas to boost output with $100M raising


IRON ore junior Atlas Iron is reportedly looking to bolster its coffers by around $A100 million.
Full Story...

Resurrection possible for Albidon


COLLAPSED nickel miner Albidon could be reborn with its $US28 million ($A34.8 million) recapitalisation deal with Chinese company Jinchuan moving closer to fruition.
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Kagara unveils equity raising, Chinese buy-in


COPPER miner Kagara is hoping to raise up to $A262 million to pay down its debts, and intends to enter a potentially lucrative deal with Western Areas over the Lounge Lizard nickel deposit, with a major part of the funding to come from a Chinese company.
Full Story...

Nickel up 70% this year


RALLIES in the nickel price speak of heavy Chinese commodities buying in recent weeks, the best news for the commodity in a long time.
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Mooiplaats plant ready but mining has hiccups


COAL of Africa has commissioned the first module of the Coal Handling and Preparation Plant (CHPP) for its Mooiplaats colliery in South Africa, but tough geological conditions have forced the company to revise the mine layout and tonnage schedule.
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Fox ends hunt for Hannans


DESPITE enticing several Hannans Reward shareholders, base metals explorer Fox Resources says it will allow its takeover bid to lapse and will instead focus on its own projects.
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Resources push market into the green


THE mining heavyweights gained further ground today, with Fortescue Metals Group leading the charge, while OZ Minerals’ $US1.39 billion asset sale to China Minmetals received a resounding thumbs up from OZ shareholders.
Full Story...

Flat day for gold stocks


A stronger US dollar saw spot gold slip slightly overnight to $US953.65 an ounce. It was a pretty flat day for Australia-listed gold stocks. Newcrest Mining closed 0.6% higher, Lihir Gold fell 2% and Sino Gold Mining fell 0.17%.
Full Story...

OZ bid wins approval


OZ Minerals shareholders have resoundingly given the thumbs up to China Minmetals’ $US1.39 billion ($A1.7 billion) bid for a suite of its assets.
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BHP shakes off safety scepticism


SAFETY concerns are again growing around BHP Billiton following yesterday’s rock fall at the Perseverance underground nickel mine near Leinster that trapped a worker for several hours, adding to already woeful figures.
Full Story...

FMG shares soar, ASX queries


SHARES in iron ore miner Fortescue Metals Group have jumped almost 21% today and the company says it has no idea why.
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One deal, two winners


PICKING a winner from a deal is not always easy, as a recent transaction between Intrepid Mines and Troy Resources demonstrates. This is a deal with more than a touch of the past, present and future to it.
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Engine output up


ISUZU plans to launch a 50 model range of industrial engines in Australia, spreading from 14hp (10.4 kilowatts) to 530hp (395kW).
Full Story...

Gold attracts Breakaway’s attention


BREAKAWAY Resources is shifting its focus and embarking on a new gold exploration initiative at two projects in Western Australia, but claims this will not change its long-term objective to establish a high-quality nickel resource base.
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Iron Valley results boost IOH


SHARES in Iron Ore Holdings have shot up more than 23% today on the release of further high-grade iron ore intersections from its Iron Valley direct shipping ore project in Western Australia’s Pilbara region.
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Croesus gets its cash


CROESUS Mining has raised the $A7 million needed to go ahead with its resurrection as a nickel exploration play.
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Green shoots for explorers?
Exclusively for Premium Subscribers


LOOK to the juniors, not Canberra, if you want to see money well spent. The Outcrop by Robin Bromby.
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Costs decline at Chirundu


COST reductions in mining and processing techniques has seen the release of a revised operating cost estimate for African Energy and Albidon’s joint venture, the Chirundu uranium project in Zambia.
Full Story...

Mineral export earnings dip 18%


AUSTRALIA’S mineral export earnings plunged 18% on-quarter to $A38.7 billion in the March quarter on the back of lower export volumes and prices for most commodities, the latest round of statistics have revealed.
Full Story...

Pepinnini teams up with Rio


PEPINNINI Minerals and Rio Tinto Exploration have teamed up in a farm-in and joint venture agreement to explore three tenement areas in the Musgrave Province, South Australia, in the hunt for nickel-copper-sulfide mineralisation.
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On the hunt


NOT so long ago a person could walk out of school and into a mining job. Times have changed and even miners with years of experience are having difficulty finding work. So now what? Angie Kean reports.
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Vale inks iron contracts with non-Chinese mills


BRAZILIAN major mining house Vale has settled its 2009 contract iron ore prices with Japanese steelmaker Nippon Steel and Korean company POSCO, but there is no word on where the major stands with the Chinese steel industry.
Full Story...

Northern to raise more funds


NORTHERN Energy plans to raise $A12 million to continue work on its Maryborough and Elimatta coal projects in Queensland.
Full Story...

AMEC makes takeover bid for GRD


MINING services company GRD has received a $A106 million takeover bid from United Kingdom-based consultancy, engineering and project management services firm AMEC.
Full Story...

BHP worker freed after underground rock fall


A ROCK fall at BHP Billiton’s Perseverance underground nickel mine yesterday trapped a worker for several hours in a refuge chamber, until he was freed unharmed early this morning.
Full Story...

Minmetals ups OZ bid ahead of AGM


WOULD-be suitor China Minmetals has put a nail in the coffin of competing bids for OZ Minerals assets ahead of today’s all-important annual general meeting after sweetening its offer by $US180 million ($A225 million), or 15%, to $1.39 billion.
Full Story...

Nex buys up Kookynie


JUNIOR explorer Nex Metals Exploration has purchased the Kookynie gold project near Kalgoorlie in Western Australia.
Full Story...

Alchemy soars on gold hits


JUNIOR explorer Alchemy Resources’ share price soared by more than 200% today after the company announced a new zone of high-grade gold results at its Hermes gold prospect.
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Rally keeps on going


IT was a solid end to the working week for the bulk of resource stocks on the Australian bourse following a rally in base metals overnight, while the local market closed at a fresh high for 2009.
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Red metal stocks surge


COPPER for three-month delivery on the London Metal Exchange jumped almost 4% overnight to close the session at $US5376 per tonne. The bulk of red metal stocks on the Final Call watchlist followed suit.
Full Story...

Adamus boosts bank balance by $3.5M


ADAMUS Resources has raised $A3.5 million via a private placement to Straits Mineral Investments, a wholly owned subsidiary of Straits Resources.
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Switched to remote


DATEK has been providing engineering technological solutions to the European market for nearly four decades from its headquarters in Stockholm.
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Green shoots for WA economy


THINGS may be looking up, according to Western Australian businesses surveyed by the Chamber of Commerce and Industry, while the Deloitte WA Index has recorded another month of growth.
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DMC inks Congo port agreement


IRON ore explorer DMC Mining has signed an agreement with the Pointe Noire port authority over the potential export of iron ore through the port.
Full Story...

SA Metals backs Sylvania bid


THE board of takeover target SA Metals has thrown its weight behind Sylvania Resources’ all-scrip bid which values the company at around $A25 million.
Full Story...

Golden Grove mill out of action


OZ Minerals will shut down the mill at its Golden Grove copper and zinc operations in Western Australia following a failure at the mill.
Full Story...

Rock Stocks: Giant iron ore JV inspires the market
Exclusively for Premium Subscribers


THE second week of June was dominated by the Rio Tinto-BHP Billiton iron ore joint venture in Western Australia’s Pilbara, but there was also a surge by some of the smaller explorers. By Ron Berryman.
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Wiluna pays dividends for Toro


FRESH from announcing an increase in the resource grade at the Centipede deposit, Toro Energy has reported a similar grade increase at the Lake Way uranium resource at the company’s flagship Wiluna project in Western Australia.
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BHP-Rio deal: winners and losers


ANALYSTS like the look of the Rio Tinto and BHP Billiton tie-up, but there will be losers from the deal too: contractors, and potentially the wider iron ore industry.
Full Story...

Austral boosts Chilean gold resources


SOUTH America-focused explorer Austral Gold has reported a significant increase in gold resources at its flagship Guanaco project in Chile.
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Jabiru restructures OZ concentrate deal


JABIRU Metals has restructured the OZ Minerals Golden Grove copper-zinc concentrate sales agreements over its Jaguar mine in Western Australia, turning the deal into a marketing agency agreement.
Full Story...

Warwick jumps on Jimblebar Range upgrade


INVESTORS have smiled on Warwick Resources after the junior reported an 8% increase in the inferred mineral resource at its Jimblebar Range iron ore project in Western Australia’s Pilbara region.
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Maiden resource for Argonaut


ARGONAUT Resources has reported an initial resource estimate at its Kroombit zinc-copper deposit in central Queensland.
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Poseidon offloads gold rights


POSEIDON Nickel will sell the gold rights at its Western Australian projects to unlisted Perth-based explorer Triton Gold.
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Exco rattles tin for White Dam


COPPER and gold hopeful Exco Resources has joined the rush of capital raisings with a $A7.2 million share placement.
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Miners weaken as commodities fall


A DROP in commodity prices on Friday night saw resource stocks become the worst performing sector today, ending a three-day rally on the local bourse.
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Suppliers outshine the miners


WHILE the major miners struggled today, mining suppliers had a much better day, led by drilling giant Boart Longyear. Sedgman increased after announcing it has been chosen as the preferred contractor for Gunson Resources’ Coburn zircon project, while Industrea also made good gains.
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Still floating high


THIS year marks the 20th anniversary of the Jameson Cell, the Australian invention that removed the need for compressors or blowers in the flotation process.
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Executive Outcomes: FMG, Toro, G-Resources, Queensland Ores, Carbine, Tri Origin


AS part of Hunan Valin Iron and Steel Group’s investment in Fortescue Metals Group, chairman Li Xiaowei has been appointed to FMG’s board as a director.
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Allied hits 1Moz of reserves at Simberi


ALLIED Gold has upgraded the ore reserve at its Simberi gold project on Simberi Island, Papua New Guinea, reaching more than1 million ounces of gold and adding two more years to the life of mine.
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Dryblower on the most important question facing Australia


NOW that the OZ Minerals debacle has been settled, and Rio Tinto has rushed into the arms of BHP Billiton, Dryblower reckons it’s time for Australia to have a serious debate with itself about what to do with China.
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The importance of planning
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MINE planning firms believe despite the depressed market there are opportunities as miners focus on the bottom line. By Christine Feary.
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Union attacks Rio in court


THE Construction, Forestry, Mining and Energy Union has launched a court case in the Federal Court against major miner Rio Tinto.
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Four pointers to the top resource stocks of 2010
Exclusively for Premium Subscribers


IF a brick weighs two-thirds, plus half a brick, how much does a brick weigh? Some mathematical problems such as this can be answered precisely. Other problems, such as the true value of company shares, cannot. This week Allan Trench discusses how to identify resource stocks capable of rising in price – with accuracy, if not with precision.
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Crescent hoping for Laverton restart this year


JUNIOR gold play Crescent Gold has tidied up a deal with major gold play Barrick Gold over its Laverton Gold project, meaning production could restart in the fourth quarter.
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Drilling success at Tomingley


ALKANE Resources has reported high-grade gold results from pit infill drilling at its Tomingley gold project in New South Wales.
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VDM warns on operating loss


CONSULTING and engineering firm VDM Group has warned the market it is likely to report an operating loss for this financial year.
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Funds for expansion: Atlas


ATLAS Iron will use $A116.7 million proceeds from its share placement scheme to fund further growth in the Pilbara.
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First gold from Syama sulfide circuit


RESOLUTE Mining has reached another milestone in the development of its Syama gold mine in Mali, with the first production of gold from the sulfide ore processing circuit.
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Copper discovery boosts Proto


SHARES in Proto Resources jumped more than 250% this morning after the company announced a new 15m wide zone of visible copper mineralisation at its Lindeman’s Bore project in the Northern Territory.
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Saracen secures power for Carosue Dam


WESTERN Power has formally notified gold hopeful Saracen Mineral Holdings that mains power will be made available to the Carosue Dam gold operation, south of Laverton in Western Australia.
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Asciano unveils $2B capital raising


PORT and rail operator Asciano has gone into a trading halt and announced an ambitious capital raising program to bring in minimum gross proceeds of $A2 billion.
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Resources drag market lower


PROFIT-takers were out in force today with resource stocks slipping into negative territory following steep falls in base metal prices while the local bourse followed a weak lead from Wall Street to close further in the red.
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Zinc plays get that zincing feeling


ZINC for three-month delivery on the London Metal Exchange plunged 6.8% overnight to $US1575 per tonne. The metal has slipped more than 8% from an eight-month high of $1720/t last Thursday. The bulk of zinc stocks on the Final Call watchlist followed the metal price lower.
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Mount Bevan comes up trumps: Hawthorn


JUNIOR explorer Hawthorn Resources says new results from its ongoing drilling program at the Mount Bevan iron ore project, in Western Australia, have extended the orebody, making it the largest haematite mineralised body identified in the Central Yilgarn area.
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MagnaGear range gets magnified


BALDOR Electric Company has expanded the range of its Dodge MagnaGear XTR reducer.
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Liquid resistance starters flow to the market


NHP has released a range of fixed and moving liquid resistance starters for use with low and medium voltage round motors from 200 kilowatts to 12.4 megawatts.
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Mincor eyeing ‘N10’ orebody


MINCOR Resources is hopeful that bumper nickel results from its Mariners project point to a new orebody below the existing mine.
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Mining studies buoy Terrain


GOLD junior Terrain Minerals says preliminary mining studies have added a further 67,000 ounces of gold to the company’s potential mining operations.
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First Santa Rita output due September


MIRABELA Nickel now expects first production at its massive Santa Rita nickel mine in Brazil to take place in September after initially targeting first production from Santa Rita in mid-2009.
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Dioro out of touch with reality: Avoca


AVOCA Resources has once again hit back at takeover target Dioro Exploration, urging Dioro shareholders to critically examine its target statement and arguments made by independent expert KPMG over its valuation of Dioro’s share price.
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The new OZ: Why brokers aren’t excited
Exclusively for Premium Subscribers


OZ Minerals may have won a reprieve last Thursday, when desperate shareholders embraced China Minmetals’ $A1.7 billion bailout. But the cashed-up remnant still listed in Australia is yet to win over the hearts and minds of stockbroking analysts. The Metal Detective, By Stephen Bell.
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Taking refuge – the case for safety chambers
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MINEARC’S safety refuge chamber was put to the test last week at BHP Billiton’s Perseverance nickel mine after a rock fall trapped a worker for 16 hours – with the company saying the incident highlights the value of refuge chambers.
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Engineering group rattles tin for Chilean buy


MINING services group Austin Engineering is cashing up on the equity markets to acquire a Chilean dump truck business.
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Penrice facing board challenge


SODA ash producer Penrice is facing a board challenge from a major shareholder.
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Reality check sees Barminco cut costs, boost efficiency
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UNDERGROUND specialist Barminco is looking offshore for more opportunities. By Kate Haycock.
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Metals tumble


THE rally in base metal prices came to an abrupt halt overnight on the back of a stronger US dollar and worse than expected economic data out of the United States which led to a commodities sell-off.
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Lihir on target despite Ballarat scale-back


LIHIR Gold says it remains on track to produce 1.04-1.20 million ounces of gold from its operations in 2009, despite revising down production from its embattled Ballarat gold mine in Victoria.
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Chesser finds golden glitter in Turkey


CHESSER Resources says a solid beginning has been laid out for the Sisorta deposit in Turkey with a maiden resource of more than 300,000 ounces of gold.
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Sedgman wins Gunson contract


MINING engineer Sedgman has been named the preferred contractor for Gunson Resources’ Coburn zircon project in Western Australia, effectively scrapping plans to construct the mine’s processing plant in China.
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Shadow of gloom


THERE was little to smile about today as investors repositioned themselves, with hopes of a swift economic recovery fading, and resource stocks continued their downward decent into negative territory on the back of weaker metals.
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Majors set the tone


MINING giants BHP Billiton and Rio Tinto set the tone of the iron ore sector in a mainly downward trend today.
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Rio’s robots rolling


WITH a five-truck automated fleet working its way towards its 31 million tonne goal, Rio Tinto managing director Tom Albanese is already talking about the next phase.
Full Story...

Boosting the coal flow


EFFICIENCY, environmental benefits and an effective support network on the ground have won a drive specialist a key Newcastle coal handling contract.
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Rey rejects Gujarat takeover


REY Resources has rejected a takeover bid from New South Wales coking coal producer Gujarat NRE Minerals, opting instead for a rights issue to raise $A2.75 million.
Full Story...

Allied reaches milestone at PNG


PAPUA New Guinea gold miner Allied Gold has produced its 100,000th ounce of gold and says it should produce more than 70,000oz next year.
Full Story...

Iron Ore nabs big intersect


IRON Ore Holdings says all results are in from a recently completed drilling program at the Iron Valley direct shipping ore project in Western Australia’s Pilbara region, including the biggest intersection to date.
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Sandfire soars on sulfide discovery


GOLD and copper explorer Sandfire Resources rocketed up the bourse today on the back of a new massive sulfide discovery at its Doolgunna gold project in Western Australia.
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Mantra says Mjuku will make money


URANIUM hopeful Mantra Resources has crunched the numbers on the Mjuku River project in Tanzania, envisioning cash margins of $US80 million ($A101 million) from production of 2.5 million pounds a year.
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Woggaginna exploration target boosts Warwick


WARWICK Resources plans to bring forward resource drilling after identifying a large direct shipping ore exploration target on its flagship Woggaginna iron ore project near Newman, in Western Australia’s Pilbara region.
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Rogue trading – how do they do it?
Exclusively for Premium Subscribers


HOW do rogue traders get away with it? It’s increasingly hard to get past the iris recognition system into the bank’s gym, but still possible, apparently, to hack into the guts of the computer system. Lesley Campbell considers the tactics.
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McIntyre to step down


EXTRACT Resources managing director Peter McIntyre will step down from his position, only weeks after the company's major shareholder Kalahari Minerals called for his ousting.
Full Story...

BHP, Rio warn on risk


THERE were reminders today that BHP Billiton and Rio Tinto’s iron ore joint venture in the Pilbara is far from a done deal.
Full Story...

Gloucester board rejigged as Noble bid closes


COMMODITIES trader Noble Group’s takeover play for Gloucester Coal has closed just shy of 90% stake required to trigger a complete takeover of the Australian miner.
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Forte on target


WEST Africa-focused Forte Energy says all assay results have been received from drilling at the Firawa uranium project and an initial resource will be finalised in the coming weeks.
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Skills still in demand
Exclusively for Premium Subscribers


IS the skills shortage really over? Tracey Cook investigates.
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Heap leach tests deliver for Fox


FOX Resources says heap leach tests undertaken at its Whundo and Radio Hill projects have delivered high grades of nickel and copper recovery from stockpiled material.
Full Story...

Iron ore juniors in halt on capital raisings


BC Iron and Territory Resources were both placed in a trading halt this morning as they finalise proposed capital raisings.
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Paladio name change to Decmil Group


SHAREHOLDERS of Perth-based engineering and construction company Paladio Group have voted in favour of a name change to Decmil Group, as company focus shifts to the mining, oil and gas and infrastructure sectors.
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Gindalbie still eyeing Karara start this year


GINDALBIE Metals Group is still hoping to begin work at Karara in the December quarter, even after environmental approval delays forced the company to shed staff.
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Minmetals deal wrapped up, OZ cashed up


OZ Minerals says it has repayed its bank loan facilities in full and has a $US575 million ($A723 million) cash balance after settling the deal with China Minmetals for a suite of its assets.
Full Story...

Queensland budget hit by falling coal


QUEENSLAND’S new budget promises to create 127,000 jobs through a $A18.2 billion infrastructure program, but falling coal royalties have chopped off $1 billion from revenue.
Full Story...

Panel backs ASIC’s Cape Lambert verdict


THE Takeovers Panel has supported a decision by the Australian Securities and Investments Commission relating to Cape Lambert Iron Ore’s purchase of failed miner CopperCo.
Full Story...

Capital Watch: Copper Range, Liberty, Southern Gold, Clancy, Gulf, Stonehenge, PepinNini


JUNIOR explorer Copper Range is planning to raise up to $1.7 million by way of a renounceable entitlement issue of two shares for every one held by shareholders.
Full Story...

Dirty day for miners


IT was another dark session on the Australian bourse for resource stocks with the likes of Rio Tinto and BHP Billiton leading the march into the red as the local market dipped lower for the fourth consecutive session.
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Red metal stocks see red


LME copper for 3-month delivery has slipped 7.9% since hitting its 2009 peak of $US5388 per tonne last Thursday to close last night at $4960/t. The bulk of red metal stocks on the Final Call watchlist went down with the price drop.
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A long time ago ...


BUSINESS books are often dry and boring and, in all honesty, can only really be understood by a particular personality type.
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Having eyes wide shut


THERE is a surreal aspect to the current debate about the accuracy of short to mid-term economic growth forecasts contained in the recent budget.
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Panoramic finds possible extensions to Savannah


NICKEL producer Panoramic Resources has intersected a continuous electro-magnetic response below the Lower Zone resource at its Savannah underground nickel mine in the Kimberley region of Western Australia.
Full Story...

Fenner Dunlop: latest plant in July


REPRESENTING the largest single investment in the company’s 100-year manufacturing history, conveyor belt producer Fenner Dunlop will officially open its manufacturing facility in Kwinana, Western Australia, on July 2.
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Hazelwood chooses engineer to advance Big Hill


HAZELWOOD Resources has appointed GR Engineering Services to work on the prefeasibility study at the Big Hill tungsten project in the Pilbara region.
Full Story...

Promising copper intersection boosts Silver Swan


JUNIOR explorer Silver Swan Group has reported a high-grade copper intersection at its Austin base metals discovery near Meekatharra, Western Australia.
Full Story...

Citigold tops up coffers with SPP


QUEENSLAND gold miner Citigold Corporation has raised $A9.5 million from a heavily oversubscribed share purchase plan.
Full Story...

Greenland ups Kvanefjeld resource


GREENLAND Minerals & Energy has announced a substantial increase in resources at its Kvanefjeld project in Greenland, with rare earth oxide resources boosted by 88%.
Full Story...

Redstone’s potash and phosphate sale


REDSTONE Resources says it has entered into an option for a sale and joint venture agreement with a private Canadian company over its Aneba potash deposit and Apui phosphate project, both in Brazil’s Amazon state.
Full Story...

Indago facing investor-led takeover play


INDAGO Resources – formerly known as Western Metals – is facing a board spill and a provisional takeover offer from investment fund Goldlink IncomePlus.
Full Story...

Enough of this optimism!


A NEW study shows the outlook for the “real” economy is dreadful – and that should worry metal producers. The Outlook by Robin Bromby.
Full Story...

YTC buys up CBH’s Hera tenements


JUNIOR explorer YTC Resources has extended its footprint in New South Wales with the purchase of CBH Resources’ interests in the Hera and Nymagee tenements for $A12 million.
Full Story...

All eyes on copper


AS a bellwether metal, resource stocks have been buoyed by the rise of copper and by long-term predictions of a looming deficit in the metal. The short-term picture is more complex, however.
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Better markets a boon for cash-raising Macarthur


MACARTHUR Coal expects to make more than $A155 million in profits this financial year, and today unveiled a $A190 million share placement plan to fund future growth.
Full Story...

Saracen launches $20M placement


GOLD developer Saracen Mineral Holdings has announced it is in the process of completing a placement to sophisticated and institutional investors, which will raise at least $A20 million.
Full Story...

Legend ups offer for North Australian Diamonds


PHOSPHATE explorer Legend International Holdings has increased its offer for unwilling takeover target North Australian Diamonds by 25%.
Full Story...

CopperCo shares worthless: administrators


SHAREHOLDERS in failed miner CopperCo will get nothing for their shares in the company, the administrators have warned.
Full Story...

$2.35B underwritten for Asciano


DEBT-laden Asciano is set to keep a firm grasp on its port and rail assets after increasing its total underwritten share issue from $A2 billion to $2.35 billion.
Full Story...

Golden Cross bags $2M from shareholder


JUNIOR explorer Golden Cross Resources has received $A2 million in funding from HQ Mining Resources, after the two parties entered into a strategic alliance in December.
Full Story...

Perseus wraps up $58M placement issue


PERSEUS Mining has completed the $A58 million placement component of its $75 million capital raising after receiving shareholder approval.
Full Story...

Relief rally runs out of steam


AFTER four consecutive sessions of losses, the Australian market closed slightly higher on Friday, while iron ore stocks led the gains among the miners and Rio Tinto fell further.
Full Story...

Iron ore stocks rally


THE bulk of listed iron ore plays closed higher today with broad gains from the likes of Fortescue Metals Group, Aquila Resources, Mount Gibson Iron and Murchison Metals.
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Pro flow meter helps monitor water in tricky situations


ENDRESS+HAUSER has a new range of flow meters on the market to reliably record water flow in pipelines where flow meter weight and size are important design considerations.
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Terrain secures $5M funding facility


TERRAIN Minerals has secured a three-year $A5 million funding facility with Fortrend Securities that will be used to advance its Eastern Goldfields projects.
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Mid West to rise on back of Rio deal failure


OAKAJEE Port and Rail chief executive Chris Eves predicts there will be extended and renewed interest in the Mid West region as a result of the failure of the Rio Tinto-Chinalco deal.
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Positive results keep on coming for Atlas


IRON ore producer Atlas Iron has announced high-grade direct shipping ore results from three of its north Pilbara projects, as part of ongoing aggressive exploration in the region.
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Executive Outcomes: BHP, Cape Lambert, Golden West, Galaxy, Wolf, Blina, Thor


BHP Billiton has welcomed former Newmont Mining Corporation chairman Wayne Murdy to the board as a non-executive director.
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Venturex to swallow CMG


VENTUREX Resources will switch its exploration focus to gold in Brazil as it wraps up the acquisition of unlisted Australian company CMG Gold.
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Minemakers close to wooing Bonaparte


INDEPENDENT directors of takeover target Bonaparte Diamond Mines have thrown their support behind a sweetened bid from Minemakers, as the would-be suitor’s shareholding in Bonaparte creeps closer to the 90% threshold.
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Trafford keen to up stake in Robust


FOLLOWING the success of recent drilling by Robust Resources, shareholder Trafford Resources plans to exercise 3.6 million options in the company to increase its stake to 22.19%.
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Aquarius on the way to Ridge acquisition


MULTI-listed producer Aquarius Platinum’s acquisition of fellow South African-focused company Ridge Mining is a step closer to completion, with all preconditions of the purchase being met.
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BC Iron reveals $22M capital raising


IRON ore junior BC Iron is seeking to boost its coffers to the tune of $A22 million via a share placement and underwritten entitlements issue, and has welcomed Hong Kong-listed Regent Pacific Group as a cornerstone investor.
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Rock Stocks: Investors show confidence in juniors
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RIO Tinto and BHP Billiton again dominated the Australian market, though it was for the wrong reasons, with Rio down 15% for the week and BHP down about 8%. However, many juniors shrugged off what had been an ordinary week with excellent gains. By Ron Berryman, editor of RESOURCESTOCKS magazine.
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Warwick expands Pilbara footprint


WARWICK Resources has inked a deal to acquire the iron rights to the Jigalong project in Western Australia's Pilbara region from Hannans Reward.
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Planning for the short term
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GREAT emphasis is placed on the long-term goals of a mining operation, but in order to reach production targets operational staff must plan for today, tomorrow and the next shift, and battle the dynamic nature of short-term scheduling. A new tool released by Runge has been designed to meet the interim needs of all mineral deposits using any type of mining method.
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Shareholder representatives to join Extract board


FOLLOWING the resignation of managing director Peter McIntyre earlier this week, Extract Resources has confirmed it will expand its board to include representatives from major shareholders Polo Resources, Rio Tinto and Kalahari Uranium.
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Chrome picks up PNG gold play


CHROME Corporation has announced it will acquire Papua New Guinea gold explorer Pacific Nuigini Minerals in an all-scrip transaction.
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Uranium stocks rebound


URANIUM plays appear to be weathering the storm, with the market valuation of Australian-listed companies holding one or more uranium projects up 15% over the past month and up 104% over the quarter, according to latest research.
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Takoradi facing uncertain future


STRUGGLING copper play Takoradi will reject Metminco’s offer for its 27.5% stake in private company Hampton Mining, despite being in desperate need of funding.
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Einasleigh study results buoy Copper Strike


COPPER Strike shares were up 15% at the close of trade yesterday after the company announced revised feasibility study results for the Einasleigh Project in North Queensland, including reduced capital costs.
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Gujarat hits back at Rey directors


DESPITE the wishes of Rey Resources’ directors, underground coal producer Gujarat NRE Minerals will continue efforts to take over the junior, with a bidding statement expected on June 29.
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Mixed messages but miners mostly moving up


THE mining industry did its best today to pick itself up and dust itself off, starting the new week a little higher thanks to improved commodity prices, but with some negativity still hanging about.
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Copper regains ground


AFTER falling last week, copper climbed back above $US5000 per tonne, but analysts and investors worried that its bull run could be over. Copper stocks presented a mixed bunch in response.
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Small-scale mining restarts at Burbanks


GOLD junior Barra Resources says mining has restarted at its Burbanks project in Western Australia.
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A soft start


LOWER current needs on start-up and reduced stress on complex gear components are leading to increased demand for soft starters.
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Dryblower sees the dead hand of government descending


IS this the beginning of a fresh round of global mining industry consolidation, or the end? That’s a question which Dryblower and a few seasoned observers are asking as investors contemplate the possible merger of Xstrata and Anglo American.
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Mill failure stops PanAust ball rolling


OPERATIONS at PanAust’s Phu Kham copper-gold mine in Laos ground to a halt on Friday after the failure of one of the two 6.5-megawatt motors that drive its SAG mill.
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What cost copper 2009?
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COPPER prices have surprised to the upside in recent months after crashing along with all other metals late last year. Further good news for producers is a lowering of the industry cost-base in 2009. This week Allan Trench discusses copper costs – with a little help from his friends.
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Swick cashes up, wins Canadian job


SWICK Mining Services is hoping to raise $A14.5 million from a share issue, and is also starting its first underground drilling trial in the large Canadian mining market.
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Xstrata reveals Anglo plans


SWISS mining major Xstrata revealed last night it has proposed a “merger of equals” with South African house Anglo American.
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Proto faces grilling from ASX


IN the wake of its announcement last week about the Lindeman’s Bore copper discovery, junior explorer Proto Resources has faced heavy questioning from the Australian Securities Exchange.
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Vale and ArcelorMittal agree on iron prices


WHILE the Chinese steel industry continues its hard-nosed negotiations with the world’s big three iron ore miners, Vale has inked a pricing deal with Indo-European steelmaker ArcelorMittal.
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Mega to mine Lake Maitland in 2011


MEGA Uranium has closed a deal to sell 35% of the Lake Maitland uranium project in Western Australian to a group of Japanese investors, with the project due to start production in 2011.
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WDS sails through downturn


WALTER Diversified Services has maintained its previous net profit after tax guidance of $A21-23 million for the financial year, up to $5 million higher than last year’s realised net profit, despite the downturn.
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Miners plunge deep into the red


IT was a dire day for the Australian market and miners in particular after the Dow Jones dropped 200 points overnight and base metals copped a severe hammering.
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Coal miners unable to escape carnage


WHILE today’s market massacre made it difficult to find any standout performers in terms of losses or gains, the market’s largest coal miners, Riversdale Mining and Centennial Coal, suffered some heavy losses. Lignite hopeful Blackham Resources was the loan gainer, after inking a memorandum of understanding with the Esperance Port Authority.
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Australian assembled


A NEW family of locally assembled gear units has rolled out of the SEW-Eurodrive factory in Australia.
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ABARE sees commodity recovery in 2010


THE Australian Bureau of Agricultural and Resource Economics is predicting the low point for metals and commodities will be felt in the next financial year, with prices dropping from the highs of the boom. But, the organisation is still forecasting a recovery in 2010.
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Stirling comes to the rescue of Monarch


AS previously flagged, Stirling Resources today announced it has reached agreement with Monarch Gold Mining’s administrators to recapitalise the failed miner.
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Cazaly, Rhodes Ridge and Plan B
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CAZALY Resources is still months away from finding out whether its “smoky” – Rio Tinto’s Rhodes Ridge iron ore deposit – will fall into its hands. In the meantime, Cazaly managing director Nathan McMahon is beefing up his Plan B: the Parker Range iron ore project in Western Australia’s Yilgarn. The Metal Detective, by Stephen Bell.
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Anglo rejects Xstrata


ANGLO American has rejected Xstrata’s merger offer, saying the terms of the proposal were “totally unacceptable”. Analysts believe shareholders may force the issue, however.
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The bears are back in town


A SHARP slide in United States’ equities has prompted a big sell-off in the Australian market, with resource plays taking heavy hits after base metals also fell overnight.
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IR changes and what they mean for miners
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FROM July 1 the industrial relations landscape is going to change. Wally Graham looks at what these changes are likely to mean for mining-related business.
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Aquila, FMG band together over Anketell development


IRON ore hopeful Aquila Resources has inked an agreement with Fortescue Metals Group that could see the two jointly develop the Anketell Point port facilities in the Pilbara.
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Adamus bumps up landholding in Ghana


GOLD hopeful Adamus Resources has increased its landholding in Ghana after securing an option to acquire the Asheba prospecting license.
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Bass upgrades Hellyer tailings resource


FOLLOWING the acquisition of the Hellyer mill and mining lease from Intec, Bass Metals has upgraded the Hellyer tailings resource.
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OZ cuts stake in Toro


OZ Minerals has reduced its stake in Toro Energy to below 50%, after a recent rights issue boosted the company’s interest in the uranium junior to 51.7%.
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India expecting to recover Monarch loan


INDIA Resources says it will be returned 100% of an outstanding loan to the now-defunct Monarch Gold Mining Company under a proposed deal to recapitalise the company.
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Gindalbie gets final nod for Ansteel


GINDALBIE Metals says it has received final approval from the Chinese government for a $A162.06 million share placement to its joint venture partner, Ansteel.
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Gold discovery boosts Alchemy


SHARES in Alchemy Resources were bolstered some 40% today after the junior explorer announced the discovery of shallow high-grade gold mineralisation at the Hermes project in Western Australia’s Gascoyne district.
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Force majeure declared at Laos: PanAust


FORCE majeure has been declared on all copper and gold sale contracts at PanAust’s Phu Kham mine in Laos after a mill failure last week.
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Work kicks off at Malcolm Creek


FIELD work has started on the Malcolm Creek joint venture gold project between junior Queensland Gold and Minerals and Newmont Exploration, in North Queensland.
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High-grade extensions at Co-O


MEDUSA Mining has intersected high-grade extensions to the east of its operating Co-O gold mine in the Philippines.
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Gujarat seeks interim order from Takeovers Panel


GUJARAT Resources has made an application to the Takeovers Panel after Rey Resources directors snubbed the coal producer’s takeover offer and instead launched a non renounceable 1 for 5 rights issue.
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Aussie shares fall flat


IT was going to be a tough ask for the market to recover the 3% lost yesterday, especially with weak offshore leads and a quiet day expected.
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Iron ore mixed, despite China rumours


RUMOURS of a massive 3 billion tonne iron ore discovery in China had a mixed effect on local miners. Analysts suggest the timing of the discovery may have a significant impact on the ongoing iron ore pricing negotiations between producers and Chinese steel mills.
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Catalpa, Lion Selection to join forces


GOLD explorer Catalpa Resources and mining investment group Lion Selection have agreed to tie the knot to create an Australian mid-tier gold play with expected output of some 130,000 ounces per annum.
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Piping hot opportunity


THERE is money in slurry. At least that is OSD Pipelines founder and managing director Brian O’Sullivan’s belief.
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Centaurus takes JV partner to court


BRAZIL-focused iron ore play Centaurus Resources has launched legal action against its joint venture partner Mineracao Marsil over breach of contract at the Liberdade iron ore project.
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Aragon signs another JV


EXPLORER Aragon Resources has finalised an agreement to farm-out a number of its Lake Violet non-core gold tenements in the Yandal Belt of Western Australia to Tharsis Mining.
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Rex ramps up drilling


JUNIOR explorer Rex Minerals has extended an agreement for two drilling rigs as part of accelerated exploration efforts in South Australia and New South Wales following a successful capital raising.
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Norseman Gold to list on Thursday


AIM-listed Norseman Gold plc, operators of the Norseman operations previously owned by Croesus Mining, will list on the Australian Securities Exchange on Thursday, June 25, after raising $A9 million.
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Gold One seeks cash after first gold pour


IT has been a busy day for Gold One International, with the new entity announcing its first gold pour and unveiling a $A37.5 million capital raising.
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Flying Fox shows more potential: Western Areas


WESTERN Areas believes its Flying Fox nickel mine has not yet reached its full potential after reporting a batch of “outstanding” intersections from a new area of the mine that has previously had minimal drilling.
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Online effort to fix approvals process


A NEW online system allowing resource companies to track environmental assessments of their projects has been launched by the Western Australian government in an effort to improve the state’s approvals process.
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Iron Ore Holdings inks native title deal in WA


IRON Ore Holdings has signed a key land access agreement covering its iron ore projects in the central Pilbara region of Western Australia.
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Funders emerge
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TRADITIONAL financiers have withdrawn but new sources have emerged, as merger and acquisition activity accelerates. By Noel Dyson
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Wattle Dam underground on target


DEVELOPMENT of Ramelius Resources’ Wattle Dam underground mine is on target, as the company prepares to wrap up the milling of open pit ore.
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Mount Magnet South in JV deal with Hong Kong miner


GOLD junior Mount Magnet South has achieved its goal of attracting a joint venture partner, with the company signing a heads of agreement with a Hong Kong-based company over the Kirkalocka project in Western Australia.
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Drill testing pays off for Ampella


AMPELLA Mining has discovered four new gold prospects at its flagship Batie West project in Burkina Faso after testing six previously undrilled targets.
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Yanzhou back to Felix negotiations: report


YANZHOU Coal Mining representatives are back in Australia and have reportedly taken another look into Felix Resources, with the Chinese coal major rumoured to have been in takeover negotiations for the coal producer last year.
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Rights issue raises $14M for Apex


APEX Minerals has closed its $A14 million rights issue which, along with last month’s share placement, boosts the company’s coffers by some $28 million to help bed down operations at its Wiluna gold project.
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Africa-focused juniors to join


DWYKA Resources has made a formal takeover bid for Alternative Investment Market-listed Minerva Resources, with Minerva directors recommending the offer.
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Anglo takeover won’t be easy


WHILE Anglo American’s board has dismissed Xstrata’s merger proposal, Patersons Securities coal analyst Andrew Harrington weighs in on the prospects of a hostile takeover.
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Vale Inco withdraws from Oroya JV


OROYA Mining says the Australian exploration arm of Vale Inco has withdrawn from its Roe Hills nickel project joint venture in Western Australia, leaving Oroya with full ownership.
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Rio leads resource stocks up


THE big miners led the Australian market higher today, buoyed by a jump in base metal prices on the London Metal Exchange overnight.
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Zinc plays struggle despite price rise


IT seems not even a 6% bounce in the zinc price could help Australian miners today with most finishing in the red. Perilya was a standout performer, while a handful of other companies made modest gains.
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New high-grade extension for United


UNITED Minerals says assay results from its Railway iron ore deposit in Western Australia's Pilbara region have established a new high-grade extension.
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Xstrata trumpets Anglo merger benefits


WHILE Anglo American’s board has rejected a possible merger, Xstrata has released the proposal letter from its chief executive Mick Davis, revealing his view that a combined company could save $US1 billion ($A1.3 billion) a year and improve access to equity markets.
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Havilah updates Portia


AS part of mine planning studies, Havilah Resources has prepared a new resource estimate for the Portia gold deposit in South Australia.
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Norseman Gold glitters on the bourse


AIM-listed Norseman Gold has debuted on the Australian Securities Exchange at a 38% premium this morning after raising $A9 million as part of its dual listing.
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Thundelarra jumps on uranium discovery


INVESTORS smiled on Thundelarra Exploration today after the uranium junior announced a new discovery in the Pine Creek region of the Northern Territory.
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Jervois soars on NSW nickel discovery


JERVOIS Mining has soared 80% on the Australian bourse today after announcing a new nickel-cobalt laterite discovery at Summervale near Nyngan, New South Wales.
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Citadel secures water for Jabal Sayid


CITADEL Resource Group has signed a memorandum of understanding for the supply of water to its Jabal Sayid operations in Saudi Arabia.
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Hong Kong group takes 11% stake in Brockman


HONG Kong-based investment group Wah Nam International Holdings has become a substantial shareholder of Brockman Resources after taking an 11.3% interest in the iron ore junior for around $A18 million.
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EDMS buys back Mine Mixers


HEALTHCARE company RTL Corporation will sell the Mine Mixers technology back to original owner Every Day Mine Services, less than a year after the original acquisition was settled.
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India signs diamond JV


INDIA Resources has inked a joint venture agreement for the development of its diamond projects with a private Indian diamond company.
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Rio may have done us all a favour
Exclusively for Premium Subscribers


A DASH of self-reliance – just when we needed it most. The Outcrop by Robin Bromby.
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Golden results for Pacrim


PACRIM Energy says the latest round of drilling results from its 100%-owned Redcliffe gold project near Leonora in Western Australia indicates a resource potentially amenable to open pit exploitation.
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Flexibility the key to survival: Mincor


LIFE in the world of underground nickel mining has been a tough gig lately. The collapse of nickel prices late last year and the demise of several big name projects had many investors running scared. But Mincor Resources kept a steady head and, as the base metal claws its way back into positive territory, the company is reaping the rewards and making new discoveries along the way.
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Gold glitter entices investors to Corvette


GOLD junior Corvette Resources’ latest round of drilling results from its flagship Corvette prospect at the Plumridge project in Western Australia have returned high-grade gold intersections, pushing its share price into positive territory today.
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Andean to raise $97M


GOLD explorer Andean Resources plans to bolster its war chest by some $C90 million ($A97 million) to fund the exploration and development of its flagship Cerro Negro project in Argentina.
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Sylvania becomes a target


PLATINUM producer Sylvania Resources confirmed this morning it has received an approach from a third party that may lead to a takeover offer being made for the company.
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Four Mile resource jumps 90%


ALLIANCE Resources has unveiled a new resource estimate for the Four Mile uranium joint venture project in South Australia that is set to become Australia’s next uranium mine.
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Base metals bounce back


BASE metals dusted themselves off and got back on their feet overnight, with the bulk of metals on the London Metal Exchange posting strong gains following an unexpected increase in US durable goods data.
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Works approval for Mt Cattlin: Galaxy


GALAXY Resources has secured the works approval and licence to operate for the minerals processing plant at its Mt Cattlin lithium project near Ravensthorpe, Western Australia.
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New record for China’s coal imports


MACQUARIE analysts have noted that China continued to build its strategic commodity stockpiles through May, while coal imports have increased by more than 7000% for the year so far.
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Bauxite clears final hurdle in $A9.85M investment


BAUXITE Resources has received final Chinese regulatory approval for its $A9.85 million share placement to Shandong Provincial Bureau of Geology and Mineral Resources, with the Chinese government agency set to receive a 13% stake in the junior bauxite explorer.
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Capital Watch: Perseus, Flinders, Uranex, U3O8, Hill End, Terrain, Beacon, Tasman


GOLD explorer Perseus Mining has wrapped up the $A17 million non-renounceable rights issue component of its $75 million capital raising.
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Miners lag despite improving confidence


STRONG offshore leads ensured the Australian market finished in positive territory today, while the shock death of the king of pop, Michael Jackson, overshadowed all other news.
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Gold miners retain their shine


AT 4:30pm EST, spot gold was trading at $US942.50 per ounce after remaining fairly steady all week. While there were a few laggers, the majority of Australian gold miners made gains today.
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Making leaks visible thanks to the use of the naked dye


A PRODUCT developed by Russell Fraser Sales enables operators to locate elusive leaks in oil-based lubrication and hydraulic systems.
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Remote interest


WESTERN Australian company Minewest specialises in the service, manufacture and repair of automotive electrical products and machine systems within the mining and heavy industrial sectors.
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Gold proves popular in WA drilling program


GOLD explorers have dominated the list of successful applicants to receive the first round of grants under the Western Australian government’s co-funded industry drilling program.
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Wonmunna could be economical: Talisman


TALISMAN Mining has received the results of a scoping study carried out at its Wonmunna iron ore project in the Pilbara, which indicate the project is potentially economic.
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Murchison moves Rocklea to scoping study


IRON ore junior Murchison Metals has begun scoping study work over its Rocklea iron ore project in Western Australia’s Pilbara region.
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Tampakan study gets green light


JOINT venture partners Indophil Resources and Swiss giant Xstrata have given the formal go-ahead to the Tampakan copper-gold project’s final feasibility study.
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Bauxite jumps into second Chinese agreement


JUST days after receiving the final regulatory approvals for a placement to a Chinese company, Bauxite Resources has announced it has signed a memorandum of understanding with Yankuang Corporation.
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Shairzal calls in administrators


AFTER a tumultuous year, mine safety refuge chamber-maker Shairzal has called in the administrators.
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Aura flags 10% jump in uranium grades


SHARES in Aura Energy have gained 9% this morning on news that check assays have indicated a possible 10% increase in actual uranium grades for the company’s Storsjon project in Sweden.
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Rock Stocks: Some good gains despite caution
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THE past week has not been a good one for most junior stocks with an air of caution on the back of mixed leads from Wall Street, however a rise last night gave traders hope for a brighter Friday. By Ron Berryman, editor of RESOURCESTOCKS magazine.
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Ban Houayxai paying dividends for PanAust


LAOS-focused PanAust expects total annual gold production to jump almost three-fold on the 2009 forecast if it commits to the development of the Ban Houayxai gold-silver project.
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Executive Outcomes: Emeco, Warwick, Oropa, Northern Iron, Yellow Rock, Brierty, Centaurus, Goldminex


EQUIPMENT provider Emeco Holdings has announced its chief executive officer Laurie Freedman will step down.
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Silver Swan boosts bank balance by $7M


JUNIOR explorer Silver Swan Group has completed a placement to sophisticated and institutional investors, raising more than $A7 million.
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Mintails mulls over South African bid


SHARES in Mintails have been suspended from trading today as the Australia-listed tailings processor considers a proposed acquisition of its South African assets from a JSE-listed gold producing company.
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Finders puts finishing touches on Wetar plant design


FINDERS Resources has declared the trial leaching and production from the Wetar demonstration plant a success, with detailed design parameters now being finalised for the full-scale plant at the Indonesian project.
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Martabe sale gets the nod


SHAREHOLDERS of Hong Kong-listed China Sci-Tech Holdings have approved the $A296.2 million purchase of the Martabe gold-silver project in Indonesia from OZ Minerals.
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Intra-day rally gives way to afternoon malaise


AFTER a fairly feeble mid-session rally, resource stocks fell back today on lower commodity prices as news from China suggested commodity buying might be set to slow.
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Nickel higher but plays down


THE nickel price was the only metal not down overnight on the London Metal Exchange, with the metal staying strong at over $US15,000 per tonne. Nickel plays presented no clear direction, despite the strength of the metal – with a few exceptions, such as low-cost miner Western Areas.
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No Marenica sale talks: WA Metals


WEST Australian Metals has denied it was in talks with international nuclear power company Areva and mining heavyweight Rio Tinto over the sale of its Marenica uranium project in Namibia.
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Rapid response


US-BASED commercial research and development specialist NanoScale Corporation has developed a rapid response safety kit for laboratories.
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Discrete transmission


TWO new discrete-input transmitters have been added to Honeywell Process Solutions’ family of XYR 6000 wireless transmitters.
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Iron Mountain’s bid for Terrain fails


IRON Mountain Mining has pulled out of its off-market bid for gold junior Terrain Minerals after attracting acceptances from only 15.4% of Terrain’s shares on issue.
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Passabem coming up trumps for Centaurus


CENTAURUS Resources says its Passabem iron ore project in Brazil is showing potential following the release of positive results from its initial drilling and trenching program.
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Macarthur launches shareholder plan


AFTER taking in $A190 million from institutional investors, Macarthur Coal is preparing to launch its share purchase plan for retail shareholders at $6 a share.
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Pilbara tenements to get the Midas touch


MIDAS Resources has set its sights on the iron ore sector after inking a deal to purchase a number of iron ore tenements in Western Australia’s Pilbara region.
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Southern Gold to offload stake in Southern Uranium


SOUTHERN Gold has announced it will dispose of its majority stake in its yellowcake spin-off, Southern Uranium, after reaching agreement with the company’s other shareholders.
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Dryblower on the return of the bankers


WARNING: hungry investment bankers seen in this area, lock up your share certificates! Dryblower is exaggerating, but not excessively, as indicated by the freshly published lists of perfect corporate marriage partners.
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Higginsville output upgrade boosts Avoca


AVOCA Resources’ flagship Higginsville gold operations continues to hit its straps after the miner flagged a ramp-up in forecast gold production to more than 190,000 ounces in 2010.
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Not so quiet on the drilling front
Exclusively for Premium Subscribers


MINERAL exploration companies that do well are those that never forget their reason for being – to discover mineral resources and advance them towards production. This week Allan Trench offers a reminder of how to do this: by drilling. Deals are aplenty behind the scenes among junior explorers at present – and rightly so.
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NQM still weighing up Dotswood


NORTH Queensland Metals has received some positive results from the evaluation of the Dotswood prospect, over which it has an option agreement.
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Going for gold
Exclusively for Premium Subscribers


A LIFEBOAT full of gold could prove to be the saviour of a battered zinc and copper miner. By Stephen Bell
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MMG board, management strong with former OZ staffers


AFTER securing the assets bought from OZ Minerals, Minmetals has unveiled the board of MMG, the Melbourne-based company that will be running operations like Century in Queensland, Rosebery in Tasmania and Sepon in Laos.
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Centamin’s Sukari pours first modern day gold in Egypt


CENTAMIN Egypt’s flagship Sukari gold mine in Egypt has officially entered production following its first gold pour on Friday.
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New project proving its worth for Azumah


AZUMAH Resources has announced results from initial drilling at its recently acquired Wa project in Ghana, with shallow high-grade gold being encountered.
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Spitfire eyeing manganese resource by September


SPITFIRE Resources’ Tally-Ho prospect has been confirmed as a near-surface manganese deposit with potential for higher-grade areas, according to the junior explorer.
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Centennial seeking more acreage


CENTENNIAL Coal will apply for three new exploration licences over a 95-square-kilometre area in the Western Coalfield of New South Wales, near its Airly and Charbon operations.
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Production at Kangaroo Flat up by 25%


BENDIGO Mining expects June quarter production from its flagship Kangaroo Flat gold mine to be 25% higher than the previous quarter.
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Black Ridge, Quest ink Chinese deals


BLACK Ridge Mining and Quest Minerals have signed agreements with Chinese coal producer Donghui Group over their magnetite prospects in Western Australia’s Mid West region.
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Iron ore prices – no end in sight?


AS the last day of the financial year drew to a close, BHP Billiton and Rio Tinto seemed no closer to settling iron ore benchmark prices, though they didn’t seem to be suffering from the lack of resolution.
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Near future still fuzzy for iron


THE lack of clarity on benchmark prices with steel mills in China – now the world’s biggest and only growing consumer of iron ore – won’t affect most of the iron plays on Final Call’s watchlist, as most of these companies are yet to become producers. Nevertheless, there were some gainers, despite the uncertainty, and some losers, despite the pull of the wider, rising market.
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Second cave-in traps miner at BHP nickel mine


A miner was trapped for around two hours last night after another rock fall at BHP Billiton’s Perseverance underground nickel mine.
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Langer Heinrich expansion gets the nod


PALADIN Energy has approved the stage 3 expansion of its flagship Langer Heinrich uranium mine in Namibia.
Full Story...

Cut slick


BOC Gases has released its most powerful handheld plasma cutting machine, the BOC Smoothcut 160.
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Gold records tumble at Focus


FOCUS Minerals has reported record gold production from its recently completed 45-day milling campaign.
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Highlands hopeful on Frieda River results


LATEST drilling results from Highlands Pacific and Xstrata’s Frieda River project in Papua New Guinea suggest just why the Swiss major is spending $US36 million ($A44.4 million) on exploration at the project this year.
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Macquarie sees risk in Riversdale


MACQUARIE Private Wealth has set an “underperform” rating to Riversdale Mining because of concerns about significant infrastructure hurdles in Mozambique and future funding needs for the Benga open cut project.
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Ampella extends Konkera gold


AMPELLA Mining says all 23 drillholes in a recent drilling program at its Konkera Main prospect in Burkina Faso show intercepts above 0.5 grams per tonne gold, extending the known gold mineralisation to over 1km in strike.
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Coates departs from Xstrata


COAL mining figure Peter Coates will be retiring from his position as the non-executive chairman of Xstrata Australia on July 3.
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Xstrata: two out of three ain’t bad
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XSTRATA boss Mick Davis is back into his favourite activity – the corporate mating game. But the jury is still out on whether his Anglo American play is well timed in terms of the commodities cycle. The Metal Detective, by Stephen Bell
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Indago stacks up its Goldlink defence


UNDER attack explorer Indago Resources has released a scoping study over its Nyanzaga gold project, along with the newly-acquired Kitongo project, beefing up its defence against investment fund Goldlink.
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Rock never rests


TWENTY three of the mines in last year’s Australia’s Mining Monthly Underground Mines survey have closed or have been placed into care and maintenance, according to the latest version of the highly anticipated survey.
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$700M potential for Mt Lindsay


VENTURE Minerals says the first independent scoping study at its flagship Mount Lindsay magnetite-tin-tungsten deposit in northwest Tasmania has confirmed the project’s potential to deliver a seven-year mine life and over $A700 million in net cash.
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IOH sitting on valuable real estate after resource upgrade


IRON Ore Holdings has unveiled an updated resource at its Iron Valley project including a large, high-grade direct shipping ore resource that could potentially support a 10 million tonne export operation.
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Rare Scottish gold set to shine
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WHILE Scotland may not be the most obvious destination to explore for mineral resources, Scotgold Resources is forging ahead with its plan to establish the country’s only operating mineral mine and the first modern day gold mining operation. Kristie Batten reports
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Kentor set to take 80% stake in Kyrgyz project


KENTOR Gold has negotiated a three-month option to purchase an 80% interest in the Andash gold-copper project in central Asia’s Kyrgyz Republic.
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Sylvania, Ruukki to tie the knot


DUAL-listed platinum producer Sylvania Resources and Finland-based Ruukki Group are planning to merge to create an integrated, platinum group metals and ferrochrome business.
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PanAust investor gets FIRB green light


THE Foreign Investment Review Board has given approval for Chinese investment group Guangdong Rising Assets Management Company to take a 19.9% stake in PanAust.
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Leighton lands $350M contract for Duralie


GLOUCESTER Coal has awarded a $A350 million, seven-year mining contract to Leighton Mining for the extension of mining at its Duralie open cut operation.
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Cape Lambert wraps up CopperCo deal


CAPE Lambert Iron Ore has finally completed the acquisition of assets in failed miner CopperCo following a restructure to make sure Cape Lambert did not acquire more than 20% of any of CopperCo’s listed investments.
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