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Monday
28 July 2014
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April - 2011
Merger speculation pushes resources higher


THE local share market closed the day higher, pushed along by resources as speculation grows that Shell could sell its stake in Woodside Petroleum to BHP Billiton, while oil climbed to a 30-month high amid signs the global economic recovery is strengthening.
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Nickel rebounds


NICKEL has regained some ground and closed higher for the first time this week with prices for three-month delivery on the London Metal Exchange up $US65 to $26,095 a tonne. This set the scene for the majority of nickel stocks on the Final Call watchlist to either close higher or hold their own during today’s trade.
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Kentor makes move on Jinka


KENTOR Gold has made an off-market cash takeover bid for Australian gold and base metal group Jinka Minerals in a deal worth $A8 million.
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Another Karara contract awarded


AUSGROUP is the latest company to be awarded a contract for Gindalbie Metals and Ansteel’s Karara iron ore joint venture, being signed up to carry out $A60 million worth of early works for the plant.
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Big lithium upgrade for Orocobre


OROCOBRE has announced a four-fold increase in lithium resources for its flagship Salar de Olaroz project in Argentina.
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Resolute shuts down Syama for maintenance


WEST African gold miner Resolute will carry out a planned maintenance shutdown of its Syama operations in Mali this month to improve the plant’s reliability and achieve the nameplate rate of 2.4 million tonnes per annum.
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Big response to co-funded drilling program


COMPANIES have once again scrambled to grab a slice of the Western Australian government’s co-funded drilling program with 60 applications received in the first round of grants for 2011.
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Mining Briefs: Cape Lambert, Nimrodel and more


IN today’s Mining Briefs: Cape Lambert ties up sale of Lady Loretta stake, Nimrodel completes Walkabout purchase, Phoenix Copper updates market on Mountain of Light project, Exco receives royalty from Mt Colin deposit and Crusader expands drilling program.
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A pint with: Bruce McFadzean
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CATALPA managing director Bruce McFadzean took some time out of his busy schedule to talk to Miningnews.net about the company, future plans, challenges and his passion for the industry, as well his love of teaching.
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Uranium volatility temporary: RCR


PREPARE for heightened volatility in the uranium spot market over the coming months, Resource Capital Research has warned while also tipping the impact to be temporary with spot prices quickly bouncing back to the plus-$US70 per pound mark.
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GGG unlikely to succeed: Auzex


AUZEX Resources says the hostile takeover bid by its joint venture partner GGG Resources was a total surprise and hasn’t “got a hope in hell” of succeeding.
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Buy, Sell, Hold: BHP and Papillon
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TWO groups give BHP Billiton’s expansion plans the thumbs-up, while Papillon impresses with drilling results.
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Hoarding rumours drive price expectations


TRADERS hoarding iron ore supplies are driving market expectations that prices will be higher come May.
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Refinery timeline pushes out for Bauxite


BAUXITE Resources and its joint venture partner Yankuang Corporation expect to have “substantially commenced” construction of an alumina refinery in Western Australia’s South West within five years, two years later than its previous 2014 timeline.
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Anglo opens new nickel mine


ANGLO American is celebrating the first production from its $US1.9 billion ($A1.84 billion) Barro Alto nickel mine in Brazil, which will double production from the major’s nickel business.
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Swick order book jumps to $215M


DRILLING contractor Swick Mining Services has been awarded a number of new contracts and contract renewals, with its North American subsidiary boasting a full order book.
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Pike River up for sale


PIKE River Coal’s receivers will start seeking formal expressions of interest for the company’s assets next week. Pricewaterhouse Coopers partner John Fisk provides insights.
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Rio’s next koala-feeding operation


RIO Tinto’s giant Clermont coal mine in central Queensland is trialling water-tube tree guards as “eskies” to protect 210 Coolabah tree seedlings for future generations of hungry local koalas.
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Maiden gold pour for Indonesian mine


NEARLY a decade after acquiring the Toka Tindung gold project in Indonesia, the start of production is finally within reach for Singapore-based Archipelago Resources. By Imelda Cotton - RESOURCESTOCKS*
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Mixed leads spell flat start


A FLAT start is tipped for Australian stocks following mixed overseas leads, while commodities rebounded in overnight trade.
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Investors choose gold


THE majority of gold stocks on the Final Call watchlist closed higher in today’s trade, with investors securing safe-haven positions in the precious metal. Spot gold was trading at $US1430.95 an ounce, up $4.60 at 3.55pm (AEST).
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IOH eyes $40M


SHARES in Kerry Stokes-backed Iron Ore Holdings dipped in today’s trade following news the company is seeking to boost its bank balance by around $A40 million.
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Hunan eyes remaining slice of Abra


INVESTORS have jumped on Abra Mining today on news China’s Hunan Nonferrous Metals Corp is seeking to acquire the remaining shares in Abra that it doesn’t already own in a deal worth around $A57.5 million.
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Executive Outcomes: Anvil, Conquest and more


COPPER producer Anvil Mining has revealed the long-awaited replacement for retiring president and chief executive officer Bill Turner.
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Grange gets $67.3M on new pricing mechanism


GRANGE Resources will boost its cash balance by $US70 million ($A67.3 million) after applying an iron ore index-based pricing mechanism rather than a benchmark pricing mechanism for iron ore pellets from its Savage River operation in Tasmania.
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BHP looks to nickel deal with St George


NICKEL and gold explorer St George Mining has struck a farm-in deal with BHP Billiton Nickel West providing the major with rights to explore for nickel sulfides on the junior’s East Laverton property in Western Australia.
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India hits new copper record


INDIA Resources has posted a new quarterly production record for its flagship Surda copper mine in India.
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Lachlan Star boosts gold again


NEW gold producer Lachlan Star has announced its fourth resource upgrade this year for the CMD gold mine in Brazil, taking the metal inventory to 1.4 million ounces.
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Maiden resource beats internal estimates


WITH the maiden resource for its Kola deposit within its Sintoukola property in the Republic of Congo beating its own estimates, Elemental Minerals is continuing the feasibility study into its development.
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Mining Briefs: Energio, Bass and more


THE highlights of Mining Briefs today include a new project for Energio, more copper results for YTC, additional funding for Bass, a new joint venture for Thundelarra and Resource Star, an extension of mineralisation for Uranex and good test work for ABM.
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Positive start to the week


SHARES on the Australian Securities Exchange gained ground following positive leads from overseas markets with miners leading the gains on the back of merger and acquisition activity.
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Dryblower (again) on pay day for the Glencore boys


IS it really the beginning of the end, or is it the end of the beginning? That’s the conflicting view of the mining world for Dryblower as he absorbs the latest news about the monster Glencore float, just as we ride a fresh upward leg in coal and iron ore prices.
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Commodity price global warming to 2014
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THE commodity price climate-change forecast indicates a global warming of prices – again. This week Allan Trench looks to the 2014 commodity price rankings.
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Mount Gibson axes Extension Hill sale deal


MOUNT GIBSON Iron has ended its agreement with Shougang Concord International Enterprises Company for the sale of 80% of life-of-mine production from its Extension Hill hematite mine in Western Australia.
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Minmetals makes $6.3B play for Equinox


HONG Kong-listed Minmetals Resources has today announced a $C6.3 billion ($A6.28 billion) all-cash offer for Equinox Minerals, throwing a spanner in the works of the takeover target’s separate bid for Lundin Mining.
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Study confirms Otjo viability


SHAW River Resources has completed a scoping study on its new Otjozondu manganese project in Namibia, with low capital costs and strong operating cash flows expected.
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Atlas breaks shipping record


PILBARA iron ore miner Atlas Iron has beaten its previous monthly shipping record after churning out 547,404 wet metric tonnes of direct shipping ore for March to boost the company coffers to $A240 million.
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Kimberley on cyclone alert


A CYCLONE warning has been issued for the Kimberley region as a tropical low approaches.
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Downer bags $60M contract


ENGINEERING and infrastructure management services provider Downer EDI has been awarded a $A60 million contract to construct an iron ore beneficiation plant at Iron Baron in South Australia by OneSteel Manufacturing.
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Westgold extends Aragon bid


WITH acceptances for 66.62% of Aragon Resources’ ordinary shares as well as the unanimous support of the company’s board, takeover suitor Westgold Resources has extended its $A76 million bid by 16 days to April 27.
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Jabiru payment terms accelerated


KAMBALDA nickel miner Independence Group has now declared its takeover bid for base metal miner Jabiru Metals unconditional and free of all defeating conditions, including the minimum 90% acceptance threshold.
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Leaching technology breakthrough for Wowo Gap
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A FIVE-year pathway to production at the Wowo Gap nickel-cobalt project in Papua New Guinea, at capital costs significantly lower than previous $US772 million ($A747 million) estimates, is what Resource Mining Corporation is hoping to achieve through the use of an in-house leaching technology.
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Tenement acquisition gets messy for Macarthur


MACARTHUR Coal’s planned acquisition of mineral development licence 162 in Queensland’s Bowen Basin, which could host a promising project, is facing legal delays after a liquidator was appointed to one of the tenement owners.
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African explorer ahead of the pack


FEW new companies have as much potential as Middle Island Resources, with an experienced west African team and a flagship project in one of the region’s most prospective areas. By Blake Wilshaw - RESOURCESTOCKS*
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Upbeat start to the week expected


POSITIVE leads from the US and UK from Friday trading is expected to pave the way for a good session on the Australian market today.
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Stocks up as RBA holds rates


INVESTORS showed confidence in Australian stocks in today’s trade as the Reserve Bank of Australia opted to put a hold on interest rates.
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Copper gains ground


THE majority of copper stocks gained ground by the close of trade today. The red metal for three-month delivery was up 0.79% to $US9404 per tonne at 4.31pm AEST.
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Golden times are here ... for now


GOLD is tipped to average around $US1450 per ounce for the rest of 2011, just don’t expect the precious metal’s safe-haven appeal to linger beyond this year, Resource Capital Research has warned.
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ASX-SGX merger not in national interest: Swan


THE proposed $A8.4 billion merger of the Australian Stock Exchange by the Singapore Exchange has been rejected by Federal Treasurer Wayne Swan.
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Positive result for OPR partners


SHARES in Murchison Metals have gained ground today on news the Western Australian government has officially signed off on a nine-month extension to the state development agreement for the Oakajee port and rail infrastructure development in the state’s Mid West.
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Replacement nominated for Vale CEO


THE Brazilian government has successfully ended the reign of Vale chief executive officer Roger Agnelli, as controlling shareholders of the mining giant nominate Vale veteran Murilo Ferreira as his replacement.
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No international bidder: Exco


MINMETALS Resources’ surprise bid for Equinox Minerals has put the spotlight on copper companies, with Exco Resources today denying reports it has received a takeover approach from an international bidder.
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Maiden 1.22Moz reserve for Beadell


BEADELL Resources has released a maiden ore reserve for its Tucano gold project in Brazil ahead of the release of its definitive feasibility study.
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Nullagine back on track


AFTER heavy rains forced BC Iron and Fortescue Metals Group to downgrade the guidance for the Nullagine project, the joint venture is now expecting to have shipped 2.5 million tonnes of iron ore by the end of the year.
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Tiger adds to copper resources


EMERGING producer Tiger Resources has unveiled a maiden 200,000 tonne copper resource for the Sase Central deposit, part of the Lupoto copper project in the Democratic Republic of Congo.
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Golder buys mining consultants


ENGINEERING and environmental consulting company Golder Associates has purchased the Marston Group, a mining consultancy that specialises in mine planning and geologic services for open pit and underground coal and metals.
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Mining Briefs: Southern Cross, Bassari, Corazon and more


DRILLING updates for Southern Cross Goldfields, Bassari Resources, Corazon Mining and Terramin Australia and a farm-in deal for Augur Resources made Mining Briefs today.
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China’s empty cities
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MINMETALS’ $A6.3 billion bid for Equinox Resources is more proof of China’s craving for minerals. But are those raw materials used to make cities for no-one? The Metal Detective by Stephen Bell
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Foreign assessment
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A SECURITY and emergency management firm is expanding its services to Australian organisations with international mining operations, to offer its expertise to companies worldwide. By Brooke Showers
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Husab capital cost hits $1.43B **UPDATED**


WITH the price tag to develop its world-class Husab uranium property in Namibia pushed out to $US1.48 billion ($A1.43 billion), Extract Resources is reviewing its finance options and continues partnership discussions with Rio Tinto.
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Healthy quarter for Gold One


SOUTH Africa-focused Gold One International says it has beaten gold production guidance of 25,000 ounces of gold for the March quarter.
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Equinox postpones Lundin takeover vote


PREDATOR and takeover target Equinox Minerals has pushed back the timing of its shareholder vote on the proposed $C4.8 billion ($A4.8 billion) buy-up of Lundin Mining by two weeks and has extended the closing date of its offer, following Hong Kong-listed Minmetals Resources’ $6.3 billion bid for Equinox.
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Intierra Spotlight: Looking to buy or joint venture?


THIS week Spotlight looks at the properties in its database that have been publicly announced for sale or joint venture, though many of these projects have stalled. The database also tracks inactivity on a property, which often suggests a sale.
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China Yunnan raises $13.1M


CHINA Yunnan Copper Australia has entered into agreements to raise $A13.12 million to fund exploration and development in Queensland and overseas.
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Wah Nam requests confirmation on Brockman-FMG deal


WAH Nam International has urged its takeover target Brockman Resources to put any proposed infrastructure and marketing agreement with Fortescue Metals Group to shareholders before it is entered into, as it may affect financing for the Marillana project.
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Another positive session in the US


US stocks made gains overnight with merger and acquisition news offsetting declines in technology stocks.
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Gold Dazzles


GOLD stocks glittered on the back of news the price of the precious metal had hit a new record high. The safe-haven allure of gold at a time of geopolitical unrest in Libya and economic uncertainty has seen its spot price hit a record high of $US1457.75 an ounce, before dropping to $1454.95/oz in late afternoon trade.
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Tough days for Magellan


MAGELLAN Metals strongly believes it can comply with stringent conditions for its controversial lead mine in Western Australia, despite the company coming under further scrutiny over new fears of lead contamination.
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BC bid rides on financing


REGENT Pacific Group has emerged from a trading halt in Hong Kong this afternoon and said although its takeover of BC Iron was back on, it was still dependent on financing.
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Brightstar fades for A1


PUNTERS have been left with more questions than answers when it comes to the future of A1 Minerals’ Brightstar project near Laverton in Western Australia after a significant downgrade to resources and a reduction in grades.
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Leighton scoops up BMA development contract


LEIGHTON Contractors has won a $A148 million contract from BHP Billiton Mitsubishi Alliance and civil engineering giant Bechtel to extend an existing open cut near the Broadmeadow underground coal mine in Queensland, allowing access for planned underground works.
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Azumah hits bonanza gold grades


AZUMAH Resources says infill drilling at its flagship Wa gold project in Ghana has returned an intercept grading 170 grams per tonne gold, with the results paving the way for a resource upgrade.
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Focus eyes $39.3M raising


FOCUS Minerals is seeking to boost its coffers by up to $A39.3 million to lift gold production to 130,000 ounces from its Western Australian operations in 2012 and accelerate exploration.
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Cerro Negro reserves double


GOLDCORP has released an upgraded resource and the results of an updated feasibility study for the Cerro Negro gold-silver project it picked up in last year’s acquisition of Australia’s Andean Resources.
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Silver Lake gains on Lakewood expansion


SHARES in Silver Lake Resources shot higher today on news of a progressive upgrade of the Lakewood gold processing facility to 1 million tonnes per annum.
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Mining Briefs: Integra, Murchison, Gippsland and more


COMMERCIAL production for Integra, an environmental update for Murchison Metals, the start of trial mining for Gippsland, an acquisition for Genesis Minerals and exploration updates for Crescent Gold, Cortona Resources and Intermin Resources made Mining Briefs today.
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Investors choose gold


STOCKS on the Australian Securities Exchange rebounded in late afternoon trade, bucking weak leads from overseas markets. Gold stocks glittered on the back of news the price of the precious metal had hit a record high.
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Cutting down training time
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CREATING a tunnel beneath an educational institution in the heart of a city and turning it into a simulated mine was clever. Using it to reduce the time needed to get workers up to speed onsite was cleverer still. Supply Side by Noel Dyson
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Sundance looks to end of year construction start


SUNDANCE Resources’ Mbalam iron ore project in West Africa has been slapped with a net present value of more than $US4 billion ($A3.8 billion) with capital payback expected in three years following the delivery of studies for stages one and two.
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Ausdrill flags $149M capital raising


DRILLING contractor Ausdrill will conduct a $A129.5 million placement and $20 million share purchase plan to funds its growth plans and facilitate further acquisitions.
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New lead scare halts Magellan mine


THE bad news keeps coming for embattled Magellan Metals with the lead miner suspending all operations at its namesake mine in Western Australia on fresh fears of lead contamination.
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Panel backs BC Iron


THE Takeovers Panel has made a declaration of unacceptable circumstances over Regent Pacific’s canned takeover bid for BC Iron.
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Chinese technology makes inroads in Oz
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A RELATIVE newcomer to the Australian resources scene and one based on Chinese technology is starting to make inroads in the country as companies look to upgrade iron ore fines and lower costs.
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Allied raises $93.8M for Simberi


PACIFIC Rim producer Allied Gold has completed a $A93.8 million placement to repay debt and get its Simberi gold mine in Papua New Guinea back on track.
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Copper to hit new highs: GFMS


COPPER is tipped to soar to record highs during the second half of 2011 as demand outpaces production of the red metal, according to London-based metals consultancy GFMS.
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Capital Watch: Voyager, US Nickel, Tectonic and more


VOYAGER Resources is seeking to raise $A10.4 million via a proposed placement and underwritten renounceable rights issue.
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Costs limit Pike’s involvement in inquiry


PIKE River Coal lacks the funds to fully participate in the Royal Commission’s inquiry into the mining disaster last year, while the New Zealand Police are pursuing a “massive” homicide investigation.
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Online forum to combat skills shortage


A RECRUITMENT company has launched an online forum aimed at addressing the skills shortage facing the Australian resources sector.
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Diversified explorer fires up the rigs


WITH so many irons in the exploration fire, this company believes it’s got a good chance of cracking the “big time”. BY Samantha Cairns - RESOURCESTOCKS*
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Local market without solid leads


OVERSEAS stocks had a flat session of trading overnight, as concerns remain over the state of the US economy and its continued recovery.
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Stocks see red


DESPITE better-than-expected jobs figures and positive leads from Wall Street, Australian stocks closed today’s session in the red.
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Nickel makes gains


NICKEL was the pick of the crop on the London Metal Exchange after soaring more than 4% in overnight trade and gaining a further 1.1% to $US26,730 per tonne in today’s trade. The bulk of nickel stocks on the Final Call watchlist followed the nickel price higher.
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BC puts Regent on notice


BC Iron has hit back at suitor Regent Pacific Group and put the group on notice that it must consult with the Pilbara iron ore miner in good faith to determine whether the scheme of arrangement can proceed.
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More coal fears in Margaret River


CELEBRITY chef Ian Parmenter of Consuming Passions fame is getting ready to fight off another possible coal project near Margaret River after two exploration licences were awarded to Western Coal last month.
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Wah Nam extends FerrAus bid again


HONG Kong-based Wah Nam International has extended its off-market all-scrip takeover bid for FerrAus for the third time to Monday, May 16.
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Juniors make a splash on debut


MERIDIEN Resources and Credo Resources have started listed life on the ASX today, with both debuting at a premium to their A20c issue prices.
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Value of WA resource stocks soars


THERE is further evidence Western Australia’s resource sector is going gangbusters with the value of mining companies based in the state soaring 40% in the six months to February this year thanks to strong global commodity demand.
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Azure inks $12.4M JV in Mexico


AZURE Minerals has signed a $US13 million ($A12.4 million) farm-in and joint venture agreement with the Japan Oil, Gas and Metals National Corporation covering its El Tecolote copper-zinc-silver mine in Mexico.
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Mining Briefs: Mincor, Integra, Middle Island and more


EXPLORATION updates for Mincor, Integra, Middle Island and Perseus, an expansion of holdings for Sheffield Resources, a production update for Northern Star and plant recommissioning for Mount Magnet South made Mining Briefs today.
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Future shock may await gold
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WHAT if a sudden surge in demand from one country puts further pressure on gold supplies? We may be seeing the first signs. The Outcrop by Robin Bromby.
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Iron ore contract prices set to ease: RCR


IRON ore contract prices are tipped to fall by 5% during the September quarter to around $US162 per tonne free-on-board unless the market picks up in the next couple of months, according to Resource Capital Research.
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MRRT changes: a move towards domestic transfer pricing?


THE federal government’s decision to accept all of the Policy Transition Group’s recommendations regarding the Mineral Resource Rent Tax and mineral and petroleum exploration incentives has moved the resources sector one step closer to the introduction of domestic transfer pricing and has provided some mixed news for explorers. By BDO partner Larras Moore
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Copper scrap demand to continue: expert


A LEADING metals expert has dismissed speculation of large hidden copper scrap inventories in the global economy, with extended bull markets pushing most available resources into the system. Matthew Ogg reports from the CRU World Copper Conference in Santiago, Chile
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Indochine raises cash for new project


INDOCHINE Mining has raised $A16 million via an oversubscribed placement which will fund a bankable feasibility study at its new Mt Kare gold-silver project in Papua New Guinea’s highlands.
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Executive Outcomes: Ausdrill, Barrick and more


FORMER Leighton Holdings chief executive officer Wal King has joined the board of Ausdrill as a non-executive director and deputy chairman.
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FIRB backs Lynas’ Japanese deal


AN OFFTAKE and investment deal between Australia’s Lynas Corporation and Japan’s Sojitz Corporation has received the green light from the Foreign Investment Review Board.
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Rio takes 49% Riversdale slice, ups offer


RIO Tinto has increased its offer price for Riversdale Mining to $A16.50 per share after upping its stake in the takeover target above 47%.
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Simberi production resumes


GOLD miner Allied Gold expects to quickly return to steady state production at its Simberi operation in Papua New Guinea after receiving government approval to resume operations.
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Copper in Chile


FROM hospital and subway disinfectants to hybrid cars, Chile has turned its attention to alternative sources of copper demand amid plans to boost production capacity. Matthew Ogg reports from CRU’s Copper Conference in Santiago
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LME metals soar


IT was an all-round positive night on overseas markets, while base metals jumped and gold hit a fresh record.
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Stocks rebound


STOCKS on the Australian Securities Exchange have rebounded in late afternoon trade, bucking weak overseas leads and news of another earthquake that hit Japan overnight.
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Copper closes higher


COPPER for three-month delivery was up 1.41% to $US9806 per tonne in late afternoon trade. The majority of copper stocks on the Australian Securities Exchange gained ground at the close of trade today.
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Boddington the top priority


NEWMONT Mining says improving production at its Boddington mine in Western Australia remains its top priority and has outlined a number of optimisations to boost gold and copper output.
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FMG legal stoush flares up


A LAW firm has accused iron ore miner Fortescue Metals Group of hostile tactics in an attempt to divide and conquer the Yindjibarndi Aboriginal community as negotiations over native title access rights break down in the Pilbara.
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A close shave for Flanagan


ATLAS Iron managing director David Flanagan had his blond locks shaved this morning at his West Perth office to support the Leukaemia Foundation’s World’s Greatest Shave.
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EMA wins High Court victory


THE High Court of Australia has upheld a decision to refuse an application by Yarri Mining to appeal a previous decision by the Western Australian Court of Appeal in a long running legal battle with Energy and Minerals Australia.
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Rio gains control of tier one coking coal assets


RIO Tinto has finally acquired more than 50% of African coking coal miner Riversdale through its ongoing $16.50 per share cash takeover offer which will remain open at least until April 20.
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Western Areas grows Spotted Quoll exploration target


NICKEL miner Western Areas has set a new exploration target of up to 60,000 tonnes of contained metal for the stage two extension at its Spotted Quoll project in Western Australia.
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Mullaquana grows for UraniumSA


URANIUMSA has boosted its resource inventory to over 42 million pounds of uranium oxide within its Mullaquana uranium project in South Australia after announcing a resource estimate for the Plumbush deposit.
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Mirabela sells $377M in senior notes


MIRABELA Nickel has sold $US395 million ($A377 million) in senior unsecured notes, up from the previously announced offering of $375 million.
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Wolf continues to progress Hemerdon DFS


MARKETING a 40% tin concentrate by-product at volumes of 500 tonnes per annum, along with a 65% wolframite concentrate at rates of 350,000tpa from its Hemerdon project in the UK, Wolf Minerals is confident it can replicate the recoveries of previous owner AMAX.
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Mining Briefs: Centamin Egypt, Pluton and Blackthorn


IN today’s Mining Briefs: First quarter results for Centamin Egypt’s Sukari project, Irvine Island indicated resource for Pluton and assay results for Blackthorn.
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Buy, Sell, Hold: Equinox, Newcrest and Shaw River
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EQUINOX is “in play” and a bid of about $C8 per share could be coming, Newcrest’s Hidden Valley gold mine is impressive and a manganese scoping study boosts Shaw River, according to the experts.
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ASX-SGX merger axed


THE proposed $A8.4 billion tie-up of the Australian Stock Exchange by the Singapore Exchange has been axed following Federal Treasurer Wayne Swan formal rejection of the bid today.
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Newmont to spend $6.8B on growth


GOLD giant Newmont Mining has outlined plans to increase annual gold production to 7 million ounces by 2017 in an investment tipped to cost around $US7 billion ($A6.8 billion).
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A pint with: Campbell Baird
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FOCUS Minerals is living proof that there is still life yet in one of Western Australia’s oldest warhorses – the Coolgardie goldfield. Transforming from a low base with a single-mine focus into a 130,000 ounce per annum producer with three operations in two years is something its chief executive Campbell Baird gets a kick out of, especially when it comes to the former naysayers who said it could never be done. He recently spoke with Tania Winter.
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Magellan starts redundancy talks


THE troubled Magellan lead mine in Western Australia may close indefinitely after its Canadian owner Ivernia started redundancy talks with employees and some contractors who were told not to return to site.
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Equinox lashes out at ‘lowball’ bid


EQUINOX Minerals has lashed out at would-be suitor Minmetals Resources over its informal $A6.3 billion offer, describing it as “opportunistic” and “lowball” while also questioning the timing as Equinox progresses its own bid for Lundin Mining Corporation.
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Rio approves $227M Bingham Canyon investment


RIO Tinto has given the nod to a $US238 million ($A227 million) investment to advance a feasibility study and purchase long-lead items to extend the life of its Bingham Canyon copper mine out to 2028.
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Red metal to rise


COPPER prices could rise 15% by 2015 with permanently higher production costs and supply shortfalls, says CRU non-ferrous metals group manager Paul Robinson. By Matthew Ogg
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Dual-listed junior ramps up exploration


IF it wasn’t before, New South Wales explorer Broken Hill Prospecting is certainly making a name for itself on the world stage. By Samantha Cairns - RESOURCESTOCKS*
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Stocks tipped to retreat


AUSSIE stocks are set to cap off the working week with a flat start in today’s trade following weak overseas leads after another earthquake hit Japan.
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BHP leads gains on takeover talk


SPECULATION about BHP Billiton’s acquisition plans has sent the major miner to an all-time high today and helped the Australian market shake off negative US leads to start the week in positive territory.
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Slow start for Navaho


D’AGUILAR Gold spin-off Navaho Gold has debuted on the Australian Securities Exchange at a 5% discount to its A20c issue price, following a $9 million IPO.
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Copper continues to rise


COPPER for three-month delivery gained another 2.1%, or $US205, to $9875 per tonne on the London Metal Exchange, and Shanghai copper was last trading 1% higher. However, the gain had mixed results for local red metal miners.
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BHP rubbishes Woodside takeover talk


BHP Billiton has played down speculation the company is planning to launch a takeover bid for Western Australia-based oil and gas producer Woodside Petroleum.
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Catalpa takes a hit after guidance downgrade


INVESTORS frowned on Catalpa Resources today on news it has downgraded its production guidance and increased its cash cost guidance for the 2011 financial year due to issues impacting its Edna May project in Western Australia.
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Italian contractor wins more Rio work


ITALIAN contracting group Ansaldo STS has been awarded a $A96 million railway signalling and communications contract with Rio Tinto Iron Ore.
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Murrin’s guidance unchanged despite flooding


NICKEL miner Minara Resources has recorded higher production volumes and lower costs in the March quarter, while ore from Murrin Murrin East is set to lift the autoclave feed grade from the second half.
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Executive Outcomes: Minara, Range River and more


PETER Coates AO has resigned as chairman of nickel producer Minara Resources after three years in the top job.
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Mundo gets all clear on national park proposal


MUNDO Minerals can get on with the job of developing its new Crista open pit near the existing Engenho gold project in Brazil after being advised its tenement did fall outside a proposed national park site.
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Mining Briefs: Aragon, Aditya Birla and more


GOLD results were the order of the day in Mining Briefs, with updates coming from Aragon, Renaissance and Uramet, a production update for Aditya Birla and a possible dual listing for supplier AusGroup.
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“Death by Dollar”, a Dryblower mystery


“DEATH by Dollar” is not an unpublished Agatha Christie manuscript discovered over the weekend by Dryblower. It is a true story about what is happening to the mining world right now, and it doesn’t have a happy ending.
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Hands off Woodside, Barnett warns


WESTERN Australian Premier Colin Barnett has again vowed to keep Woodside Petroleum an independent Australian company, telling the APPEA conference this morning to keep “hands off” the company.
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Base metals win by a nose
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SOME further analysis of the commodity price climate-change forecast for 2014 sees Allan Trench rank base metals as the hottest sector of the periodic table – by a nose.
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Leighton’s $900M backflip


LEIGHTON Holdings said today it intends to raise $A757 million to strengthen its balance sheet after announcing a $900 million downgrade in its 2010-11 earnings forecast.
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GGG committed to Australia
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UK-based GGG Resources says putting the Bullabulling gold project under the one umbrella will make it easier to get financing and ensure the project remains on track for first production in 2013.
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Didipio advances for OceanaGold


DEVELOPMENT of OceanaGold Corporation’s Didipio project in the Philippines is gearing up with construction set to start by mid-year.
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Record copper margins for Kagara


COPPER was the star for base metals miner Kagara in the March quarter, with output up 29% and cash operating margins hitting a record.
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Chinese double down on Spinifex Ridge


CHINA Development Bank has approved a $US500 million ($A473 million) finance facility for the development of Moly Mines Spinifex Ridge molybdenum-copper project in Western Australia.
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Barminco snares $60M contract


A $A60 million three-year contract at Western Areas’ Spotted Quoll mine development in Western Australia, as well as the purchase of new equipment for its African arm, continues the growth story for contractor Barminco.
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BHP boosts share buyback


BHP Billiton has upped its off-market buyback of shares from $A5 billion to $6 billion, allowing the world’s biggest miner to buy back 147 million shares, or around 4.4% of its issued share capital.
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Griffin hunting season almost over


JAPANESE conglomerate Sumitomo Corp and Kansai Electric Power will reportedly acquire the Bluewaters coal-fired power station in Collie from the administrators of the failed Griffin Group.
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Market should shrug off soft start


A SLIGHT drop on Wall Street on Friday should set the scene when the local market opens today, but the soft start may not last long given higher commodity prices and stronger signals from Europe and Asia.
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Resources weigh on market


MINERS were hit hard in trading today amid heightened fears of a nuclear catastrophe in Japan, as well as renewed concerns over the health of the US and Japanese economies.
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Gold stocks hammered


DESPITE the gold price shedding just $US6, or 0.4%, to $1468.10 per ounce, precious metal miners tumbled as investors reaped the benefits of yesterday’s record gold price.
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Globe investment gets thumbs-up


SHAREHOLDERS have approved a $A47.85 million investment in Globe Metals & Mining by East China Mineral Exploration and Development Bureau.
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Cerro wraps up Mexican study


CERRO Resources has received positive results for a feasibility study on the first stage of operations at the Cerro Del Gallo gold-silver project in Mexico, as well as a positive preliminary assessment for the larger second stage.
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Capital Watch: Promesa, Vantage, ActivEX and more


PROMESA is seeking to raise $A12 million to fund a drill program to test several new high-priority targets at the Cerro Curunday gold project.
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Straits assesses Mt Muro expansion options


A NEAR doubling of reserves at Straits Resources’ Mt Muro gold mine in Indonesia bodes well for a production ramp-up beyond rates of 100,000 ounces of gold equivalent per annum.
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New tungsten vehicle targets third quarter listing


TUNGSTEN miner Heemskirk Consolidated and New York-based private equity firm Almonty Partners are targeting a third quarter listing on the TSX Venture Exchange for a new tungsten vehicle if shareholders agree to the deal next month.
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Mining Briefs: Stonehenge, Castlemaine, Venture and more


A NEW discovery for Stonehenge Metals, exploration updates for Castlemaine Goldfields and Venture Minerals, confirmation of reserves for Albidon, completion of an earn-in deal for Argent Minerals and an operational update for Kingsrose Mining made today’s Mining Briefs.
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Slow start for big laterites
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THE start of Ravensthorpe’s commissioning may only be weeks away but analysts are not expecting miracles from the reborn nickel laterite operation. The Metal Detective by Stephen Bell
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Rains hit FMG results


HEAVY rainfall across the Pilbara during the March quarter has impacted on Fortescue Metals Group’s production results for the period, with the iron ore miner today reporting a 15% quarter-on-quarter dip in shipping volumes.
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Garden Well smelling like daisies


RESULTS keep coming for Regis Resources at its Garden Well discovery in Western Australia with a reserve update in June to coincide with completion of a definitive feasibility study based on a 4 million tonne per annum operation.
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Iluka posts revenue jump


AUSTRALIA’S largest mineral sands miner, Iluka Resources, has reported a more than 51% jump in sales revenue from its products in the March 2011 quarter thanks to an increase in demand and higher prices.
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Good grades offset disruptions at Gwalia


GOLD producer St Barbara has reported higher March quarter production, despite its Gwalia mine being suspended for 10 days in February.
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Aussie satellite to improve remote coverage
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AUSTRALIA’S first independently owned commercial satellite, set to be launched in 2013, will benefit the resources sector by unlocking bandwidth capacity and coverage that is unavailable today.
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Intierra Spotlight: So who is in Peru?


THIS week the Spotlight shines on Peru, a country that will soon be one of the world’s largest copper producers and where up to 40 mines may come on line in the next five years.
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Norton grows high-grade numbers


NORTON Gold Fields is one step closer to securing a long-term high-grade underground ore supply to its hungry Paddington mill in Western Australia after boosting resources at the Homestead deposit by 25,000 ounces to 201,000oz.
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Cortona locks in underground contractor


EMERGING gold miner Cortona Resources has struck a deal with Perth-based specialist underground mining services group GBF Mining and Industrial Services to mine its high-grade Dargues Reef gold deposit in New South Wales.
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Production milestone in Turkey for Alacer


COMMERCIAL production has started at Alacer Gold Corp’s Cöpler heap leach gold mine in Turkey, already surpassing the company’s average life-of-mine plans.
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Strong quarter for Alcoa


HIGHER prices and an upsurge in global demand for aluminium products has witnessed a 20% quarter-on-quarter increase in Alcoa’s net income for the March quarter.
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Dominos lined up for Thunderball explorer


Thundelarra Exploration is one of the most active juniors in Australia. With the $A10 million spent in 2010 to be matched this year, the company is moving closer to uranium and base metals production. By Blake Wilshaw - RESOURCESTOCKS*
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Low start tipped for local stocks


THE local share market will struggle to shrug off negative leads from overseas markets when it opens today, despite the majority of commodities gaining ground.
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Market reverses losses


IT LOOKED to be another grim session for stocks after overseas losses and a slump in base and precious metals overnight. However, after a weak start, local shares shrugged off the negativity in favour of a positive finish.
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Red metal slips


COPPER dropped 2.4% overnight to $US9603.75 per tonne on fears the Chinese government might soon tighten monetary policy. However, some analysts are still tipping China’s copper demand to grow by more than 10% this year. “The longer-term prospects for copper haven’t changed, and we remain optimistic that demand will continue to grow, putting the market in a deficit this year,” Bloomberg quoted Orient Futures Co analyst Ying Haoliang as saying.
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Rio output hit by bad weather


MINING major Rio Tinto is counting the cost of extreme weather which impacted its two primary Australian cash cows – its iron operations in the Pilbara and coal mines in Queensland – with a 6% drop in iron ore sales recorded in the March quarter.
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Kingsgate downgrades production guidance


GOLD miner Kingsgate Consolidated has downgraded its production guidance for the year after delays accessing higher grade ore at its flagship Chatree mine in Thailand.
Full Story...

Equinox ‘hypocritical’: Lundin


THE war of words between takeover target Lundin Mining Corporation and would-be suitor Equinox Minerals has heated up with Lundin calling Equinox’s reaction to Minmetals’ informal bid for its shares “hypocritical”.
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Punters favour coal over biotech


SHARES of Xceed Resources, a rebadged former biotech company, closed up 945.5% to 20.8c today as it relisted after a $9 million capital raising to advance its thermal coal projects in South Africa.
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Lycopodium secures $105M Rio contract


TWO months after announcing a $US933 million ($A893 million) investment in the Pilbara to extend the life of its Marandoo iron ore mine by another 16 years to 2030, Rio Tinto has awarded the $A105 million plant upgrade contract to Lycopodium.
Full Story...

Regis places orders for next mine


GOLD producer Regis Resources has started purchasing key long lead capital items for the Garden Well gold project, ahead of the completion of the definitive feasibility study.
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Electric option pleases miners


AN ELECTRONIC lodgement system for mining tenement applications has been launched to speed-up the Western Australian governments’ approvals process and ensure the long-term sustainability of the state’s resources sector.
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Mining Briefs: Catalpa, Metals X, Rox and more


IN today’s Mining Briefs: More Edna May results for Catalpa, Metals X ups shareholding in Alamar, Rox granted two exploration licences and IMX completes drilling at Snaefell.
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Big months for Sedgman
Exclusively for Premium Subscribers


IT has been a very busy couple of months for the Queensland-based mineral processing plant constructor.
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Gekko scurries further afield
Exclusively for Premium Subscribers


A MINERAL processing equipment maker has added an assaying string to its bow. Supply Side by Noel Dyson
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ERA blames it on the rain


NEAR-record rainfall has hit Energy Resources of Australia’s bottom line with the embattled uranium miner today flagging a 2011 first-half loss of between $A30 million and $50 million after extending the shutdown of its processing plant operations at the Ranger mine in the Northern Territory.
Full Story...

Executive Outcomes: FMG, Ivanhoe and more


FORTESCUE Metals Group executive director, commercial Russell Scrimshaw will retire from his executive duties at the end of June.
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Bendigo on last rites if exploration fails


UNITY Mining may divest its troubled Kangaroo Flat – formerly Bendigo – project in Victoria if exploration fails to deliver results.
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Legend gets go-ahead to mine Paradise


QUEENSLAND Premier Anna Bligh has granted Legend International Holdings a mining lease for the $US4.8 billion ($A4.6 billion) Paradise phosphate project near Mount Isa.
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Ferro-vanadium plant offers value-add for TNG


TNG is assessing the possibility of constructing a $A43.8 million ferro-vanadium plant as part of the prefeasibility study into development of its Mount Peake project in the Northern Territory after independent analysis confirmed it could double cash flows.
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Leighton boss to play it safe


LEIGHTON Holdings chief executive David Stewart says the company will consider tendering for fewer projects as it pursues a risk-averse approach after forecasting its first full-year loss since 1986.
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Missing link to Margaret River


CONTRARY to reports in the mainstream media, Canada’s Western Coal appears to have no interest in coal exploration near the Western Australian town of Margaret River.
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Cautious days ahead for commodity prices: UBS


A TOUGH three months is looming for base metals and miners according to UBS Investment Research, which expects a 5% fall across the base metals complex during the current quarter.
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Wider search nets top-shelf projects


RE-BRANDING exercises can act as a breath of fresh air for a company and Queensland-based junior Investigator Resources is no exception to that rule. By Samantha Cairns - RESOURCESTOCKS*
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Tide pulls out for local stocks


A SEA of red across global markets as Japan continues to battle radiation leaks after raising the severity rating of its nuclear crisis to the highest level, coupled with a drop in oil and commodities, has set the scene for a down day for local stocks today.
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Strong debut for Forte


FORTE Consolidated, featuring former directors of Conquest Mining, has debuted on the ASX at a 20% premium to its A20c listing price, following a $4 million IPO.
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Gold glitters some more


SPOT gold was trading $US5.80 higher at $1463 an ounce after speculation inflation pressures could continue to build, driving gold’s demand as a safe-haven investment. Gold stocks on the Final Call watchlist were mixed in today’s trade.
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NRW breaks into Qld with $780M mining contract


NRW Holdings has won a five-year mining services contract for the Macarthur Coal-led Middlemount open cut project in Queensland’s Bowen Basin, which will kick off in July.
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Big labour top-up needed for resources


WITH $A200 billion worth of projects in the pipeline, Western Australia’s resource sector needs to secure an additional 33,000 skilled workers by the end of next year to avoid time and budget blowouts.
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Emergent on the joint venture hunt


EMERGENT Resources is currently in preliminary and confidential discussions with a number of parties on its flagship Beyondie iron ore project in the Mid West about the development of a sizeable hematite resource.
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Capital Watch: NRW, Magma, Bass and more


MINING and civil industries contractor NRW Holdings is seeking to boost its bank balance by the tune of $A80 million via a share placement and share purchase plan.
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Cyclone’s value gets $30M boost


SURGING zircon prices have boosted the outlook on Diatreme Resources’ Cyclone deposit, with brokers valuing the Eucla Basin project in Western Australia at $A172 million, $30 million more than a previous independent estimate.
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Steady quarter for Jabiru


IN WHAT will be its last quarterly report before being swallowed by Independence Group, Jabiru Metals has delivered a solid March quarter with zinc cash costs at negative US47c/pound (after credits).
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Enterprise quite the prize for Albidon


AFRICA-focused Albidon has announced a revised life of mine study for its Enterprise nickel deposit at Munali, Zambia, which highlights potential for strong cash flows for the project.
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Mindax upgrades magnetite numbers


RECORDING a 41% jump in magnetite resources at its Mt Forrest iron ore project in Western Australia and confirmation of potentially more DSO material on the property, Mindax expects to finalise further numbers as part of its scoping study in the next few weeks.
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Mining Briefs: Investigator, Argonaut, Catalyst and more


EXPLORATION updates for Investigator, Argonaut, Catalyst Metals, Legacy Iron and Aviva Corporation, testwork progress for Avonlea Minerals, a dual listing for Azimuth and the grant of a mining lease for Beacon Minerals made Mining Briefs today.
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Miners lead stocks lower


AUSSIE stocks bucked the positive leads from overseas markets to close today’s session in the red with the major miners leading the losses.
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Poseidon signs deal with Chinese


SHARES in Poseidon Nickel have gained ground today on news it has signed a non-binding financing and construction agreement with one of China’s major construction and engineering groups for a nickel sulfide concentrator and associated infrastructure.
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Unique training mine gains international attention


THE Cut, a simulated underground mine beneath the Perth central business district, has drawn interest from as far afield as Chile.
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Alara hits capital raising target


ALARA Resources has boosted its coffers by $A30.24 million for the development, exploration and evaluation of projects in the Middle East and South America.
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Uranium skies darken further
Exclusively for Premium Subscribers


RATIONALITY doesn’t matter any more – because we never really loved nuclear anyway. That’s bad news for uranium hopefuls. The Outcrop by Robin Bromby
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OZ delivers Carrapateena maiden resource


OZ Minerals has been quick to bed down its $US250 million ($A238 million) Carrapateena acquisition in South Australia after declaring a maiden resource on the back of steady-state production from its flagship Prominent Hill copper-gold mine in the March quarter and record metal prices.
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Gold to surpass $US1600/oz


DON’T be surprised if gold breaks through the $US1600 an ounce mark before year end, consultancy GFMS says, thanks to further growth in investment demand.
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Rio halts Argyle expansion work **UPDATED**


DEVELOPMENT of the underground expansion at Rio Tinto’s Argyle diamond mine in the east Kimberley region of Western Australia has been halted due to flooding.
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Regis production guidance on track


WITH its first full maiden quarter delivering 22,005 ounces of gold at cash costs of $A599/oz from its Moolart Well gold mine in Western Australia, Regis Resources remains on track to produce up to a further 50,000oz by the end of the year.
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Galaxy wraps up $120M raising


INVESTORS have frowned on Galaxy Resources this morning after the emerging lithium producer announced a $A120 million capital raising via an equity placement.
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Future of mining in deep-sea development


A WHOLE new world of mineral production is on the verge of being opened up by deep sea development company Nautilus Minerals. By Blake Wilshaw - RESOURCESTOCKS*
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Offshore leads should bolster local market


WITH global markets on the rebound, led by the US after President Barack Obama vowed to cut $US4 trillion ($A3.81 trillion) in cumulative deficits in 12 years, the local market should be in for a soft, but good, start to the day.
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Loss caps off poor week for stocks


LOCAL stocks finished off the week with another loss, as Chinese inflation concerns weighed on the Asia Pacific region.
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Nickel falls again


NICKEL opened the week at $US27,700 per tonne and a rough few days saw it close at $25,799/t overnight. Western Areas dropped despite record nickel sales for the March quarter. Metallica bucked the trend and was a standout, despite no news out, while Segue Resources jumped after the initial public offering of its spin-off Red October Resources closed oversubscribed.
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Paladin downgrades guidance


URANIUM miner Paladin Energy is the latest group hit by weather during the March quarter, with its flagship Langer Heinrich mine in Namibia feeling the full impact and leading to a downgrade of its production guidance for the 2011 financial year.
Full Story...

Glencore kicks off touted float


GLENCORE International, the largest supplier of seaborne thermal coal and a 34% stakeholder of Xstrata, has announced its widely anticipated intention to float on the London and Hong Kong stock exchanges.
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Mt Magnet gets green light


THE development of Ramelius Resources’ $A28 million Mount Magnet gold project has been given the go-ahead by the company’s board.
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Wesfarmers starts Premier sell-off


WESFARMERS Resources has reportedly kicked off the sales process for its Premier open cut thermal coal mine near Collie in Western Australia, with several Indian and Chinese bidders in the running.
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Plymouth roars onto the bourse


GREENLAND-focused Plymouth Minerals has made one of the strongest ASX debuts so far this year, with shares almost doubling during the session.
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AMMA disappointed with unions over EMA


THE Australian Mines and Metals Association says it is disappointed that resource unions were opposing the federal government’s proposed reform package to the Enterprise Migration Agreement in the forthcoming federal budget, despite the possibility of a 36,000 skilled worker shortage by 2015.
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Mining Briefs: Frontier, A1, Golden Rim and more


IN today’s Mining Briefs: Frontier granted exploration licences in PNG, Alpha ore now contributing to A1 mill, high-grade gold for Golden Rim and Gulf Industrial increases Namekara mining lease.
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Norseman set to post loss


NORSEMAN Gold has downgraded its full-year production guidance and expects to post a loss due to the slow ramp-up of its new mines and the underperformance of existing operations.
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Karara on target


GINDALBIE Metals says $A855.1 million has so far been forked out for the development of the Karara project in Western Australia’s Mid West by the end of March, while a review of construction and operating costs and commissioning schedule is expected mid-year.
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Buy, Sell, Hold: Rio, YTC and Canyon
Exclusively for Premium Subscribers


RIO has reached its price target and investors are urged to sell, YTC is sitting on a tier one asset and Canyon is a good early-stage investment.
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FMG eyes HK magnetite listing: report


IN a bid to attract much-needed capital for its developments in the Pilbara, Fortescue Metals Group is reportedly eyeing the listing of its magnetite resources on the Hong Kong Stock Exchange.
Full Story...

Shaw River eyes $25M


SHAW River Resources is seeking to bolster its war chest by $A25 million to fund the development of its manganese assets in Namibia, Australia and Ghana.
Full Story...

OM’s listing plans come under fire


A STOUSH is unfolding between manganese miner OM Holdings and its major shareholder, Consolidated Minerals, after the Gennadiy Bogolyubov-backed group refused to back OM’s dual-listing plans in Hong Kong unless it can participate in the book-build on a pro rata basis.
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Record nickel sales for Western Areas


WESTERN Areas took advantage of higher nickel prices during the March quarter, posting a new record for metal sales and keeping cash costs well below guidance.
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BC bid is back baby!


THE $A345 million bid for BC Iron is back on track after its Hong Kong-listed suitor Regent Pacific resecured debt finance for the acquisition.
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A pint with: Greg Hall
Exclusively for Premium Subscribers


TORO Energy managing director Greg Hall has been a vocal advocate for the Australian uranium sector. In a two-part chat, he spoke to MiningNewsPremium.net about the challenges involved with working in the uranium industry and the future of the commodity.
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One down, two to go for Peninsula


PENINSULA Energy has received the first of three licences it requires before it can start mining operations at the Lance uranium in-situ uranium recovery project in the US state of Wyoming.
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Double discoveries for smart explorer


THEY say that history never repeats itself, but try telling that to base metals junior Great Western Exploration as it sits on the cusp of a second major grassroots discovery in Western Australia. By Imelda Cotton - RESOURCESTOCKS*
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Back in black


LOCAL stocks began the working week on a slightly positive note with the Australian Securities Exchange rebounding from earlier losses to finish higher after strong overseas leads on Friday. Meantime, gold hit a fresh record.
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Cobar to boost cash balance by $28M


COBAR Consolidated Resources is seeking to raise $A28 million via a private placement and entitlement offer.
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On an all-time high


SPOT gold hit a fresh new record of $US1488.50 an ounce today before easing to $1484.29/oz. Gold stocks on the Final Call watchlist for the most part lost ground in today’s trade.
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OMH versus ConsMins continues


THE brouhaha between OM Holdings and major shareholder Consolidated Minerals has intensified, with OM rejecting claims it failed to provide shareholders with key information over its planned dual listing on the Hong Kong Stock Exchange.
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BHP seeks approval for environmental proposal


MINING giant BHP Billiton is seeking federal and Western Australian state government approvals for its draft environmental documents for the proposed Port Hedland Outer Harbour development in WA, released today.
Full Story...

Papillon plunges on Medinandi upgrade


INVESTORS have frowned on Papillon Resources despite the company reporting a 26% upgrade to its initial resource estimate for the Medinandi gold project in Mali, West Africa.
Full Story...

Wattle Dam mine life extended


RAMELIUS Resources says the latest mine plan has extended the life of its Wattle Dam underground gold mine in Western Australia’s eastern goldfields to the end of 2013.
Full Story...

Funds in, anomalies found


THAT is the tale of Global Nickel, which entered into an agreement with Zulu Capital to arrange $A22.5 million of capital. The first $12.5 million of staged equity already has been contracted.
Full Story...

Mining Briefs: Avalon, Adamus, Atlantic and more


IN today’s Mining Briefs: Good grades for Avalon, licences granted for Adamus, Atlantic reports encouraging results at Windimurra and Emergent progresses exploration at Glengarry.
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Dryblower explores the great skills shortage


A SHORTAGE of trade and professionals skills is not the only human resource obstacle confronting the mining industry, with Dryblower noting that we also seem to be running short of company directors.
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Kronos agreement means time for plant


MINERAL processing technology company Austpac Resources has signed definitive agreements with Kronos International to raise $A12.5 million through a share placement and technology licence.
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CFOs to take more risks


A MAJORITY of chief financial officers believe it is a good time to take additional risk onto their balance sheets for the first time in 12 months, according to the Deloitte Quarterly CFO survey.
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Red storm rising
Exclusively for Premium Subscribers


UNIONS are starting to ramp up efforts to get back into parts of mining they have long been absent from. The question is, what can they offer? Noel Dyson investigates
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Canyon expands Burkina Faso footprint


CANYON Resources has entered into an agreement to acquire the Derosa gold project in Burkina Faso.
Full Story...

BrightStar over Tanzania


GOLD hunter BrightStar Resources has struck an agreement with UK-based African Eagle Resources to earn 75% of its Miyabi Gold Project by sole funding exploration and completing a feasibility study.
Full Story...

Forget the greenies, here come the brownies
Exclusively for Premium Subscribers


ALLAN Trench profiles a new third force in Australian politics – not the Greens, but a mining-focused party. Meet the Brownies, the Brown Dirt Party.
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Four Mile gets higher price tag


ALLIANCE Resources has flagged a 25% increase in the capital cost for its Four Mine uranium plant in South Australia after receiving the final optimisation study for the project.
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ERA mulls over Ranger expansion


EMBATTLED Energy Resources of Australia is reportedly considering an expansion of its Ranger mine operations in the Northern Territory after last week announcing an extension to the shutdown of the mine’s processing plant.
Full Story...

Output up, costs down for Conquest


CONQUEST Mining has posted a strong March quarter with improved production from its Pajingo gold mine and lower cash costs for the period, with investors welcoming the news.
Full Story...

Stocks set for a boost


LOCAL stocks are expected to open the working week higher after positive leads from overseas markets on Friday.
Full Story...

Copper-moly-gold in Peru propels growth


THIS explorer has logged a significant greenfields find and prioritised three other promising grass roots ventures in the Americas, all the while spending 75% of its operating budget on exploration. By Susan Bower - RESOURCESTOCKS*
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Aussie market gets the jitters


IT was a pretty gloomy session on the Australian Securities Exchange following poor leads from overseas markets on worries over US and European debt woes.
Full Story...

Musgrave secures $20M funding


MUSGRAVE Minerals is set to make its debut on the Australian Securities Exchange at the end of the month, following an over-subscribed $A20 million initial public offering.
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Alara buys into Saudi gold


ALARA Resources has acquired a 50% stake in the Saudi-based Marjan project through the formation of a joint venture company with United Arabian Mining.
Full Story...

Zinc sinks


ZINC, along with all the other base metals on the LME, took a tumble in overnight trade, with the three-month delivery price shedding 3.04% to $US2325 per tonne. Zinc stocks on the Final Call watchlist followed suit.
Full Story...

Weaker quarter for Mincor


NICKEL producer Mincor Resources has delivered a 24% quarter-on-quarter fall in production due to shutdown of its operations at Otter Juan and underperformance at its Miitel operations.
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OM in halt over court action


SHARES in OM Holdings have entered a trading halt today after major shareholder Consolidated Minerals applied to the Federal Court over resolutions to be considered at OM’s annual general meeting tomorrow.
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GR hits the board


GR Engineering Services has debuted on the Australian Securities Exchange this afternoon at an impressive 90% premium to its $A1 issue price.
Full Story...

Argent snaps up all of Kempfield


ARGENT Minerals has struck a deal with Golden Cross Resources to acquire the remaining 30% stake in the Kempfield silver project in New South Wales.
Full Story...

Anchor eyes other opportunities


TAKEOVER target Anchor Resources says it is looking at other potential transactions as it steps up its attack against would-be suitor China Shandong Jinshunda Group’s $A11.2 million offer.
Full Story...

Webbs looking good


SILVER Mines has received positive results from a scoping study at its Webbs silver project in New South Wales and will ramp up activities at the project.
Full Story...

Mining Briefs: Independence, Tanami and more


IN Mining Briefs today: Independence moves to compulsory acquisition of Jabiru, business returns to normal for Tanami, Black Ridge to assess a new project and drilling updates for Alkane and Augur.
Full Story...

OZ Minerals’ $2B Carrapateena plan
Exclusively for Premium Subscribers


OZ Minerals has received a mixed report card from analysts over its long-term plan to build a $A2 billion copper-gold mine at Carrapateena in South Australia. The Metal Detective by Stephen Bell
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Too much, too little rainfall hits Newcrest


AUSTRALIA’S largest locally owned gold miner Newcrest Mining has cut its full year gold production guidance after reporting a 16% quarter-on quarter drop in gold output and an increase in cash costs for the March quarter due to extreme weather conditions at its operations.
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Diamonds are for Leighton


LEIGHTON Holdings and joint venture partners Basil Read Mining and Bothakga Burrow of Botswana have been awarded a $US586 million ($A558.7 million) mining contract for the Debswana diamond mine in Botswana – Leighton’s first contract in Africa.
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Analyse this
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A SOFTWARE application designed for geologists by geologists has become a benchmark in the mining and resources industry for geological data analysis.
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Focus hits capital raising target


FOCUS Minerals has boosted its coffers by $A32.3 million as part of its plans to accelerate exploration and increase production at its projects in the Western Australian goldfields.
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S&P upgrades Rio’s rating


INTERNATIONAL credit rating agency Standard & Poor’s has raised its long-term corporate credit rating on Rio Tinto to A- from BBB+.
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Dampier hits half a million ounces


DAMPIER Gold has updated the resource estimates for the K1, K2 and K3 deposits, further boosting the gold inventory at its flagship Plutonic Dome project in Western Australia.
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Gold One boosts revenue


HIGHER gold output in the March quarter has generated revenue of $US35.42 million ($A33.77 million) for South African producer Gold One International.
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A top target with some prime assets


AFRICAN Metals could sit back and let the offers for its ore (or the entire company) roll in, but far from being complacent, the company is progressing its own production plans. By Blake Wilshaw - RESOURCESTOCKS*
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Weak leads spell bad news for Aussie stocks


LOCAL stocks are set to open sharply lower in today’s session following negative leads from overseas markets while base metals plunged.
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Resources lift market


AFTER a tough session yesterday a combination of positive offshore leads, rises in commodity prices and the Australian dollar and BHP Billiton’s production results ensured that local stocks finished in the green.
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Red metal miners soar


COPPER jumped overnight and Exco Resources was boosted by the sale of its Cloncurry copper project to Xstrata for $175 million. The news boosted Altona Mining, which owns the nearby Roseby project.
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Exco sells Cloncurry


AFTER scotching rumours of a takeover approach from an international bidder earlier this month, Exco Resources has today announced it is offloading its flagship Cloncurry copper project to Xstrata Copper for $A175 million.
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Tujuh Bukit gets $193.3M price tag


INTREPID Mines has completed a preliminary economic assessment for the oxide portion of its flagship Tujuh Bukit project in Indonesia with the board approving an immediate move to a prefeasibility study based on the positive results.
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Solid quarter for Resolute


GOLD miner Resolute Mining has reported an almost 4% quarter-on-quarter increase in gold production and a fall in cash costs for the March quarter.
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Executive Outcomes: Broken Hill, Transit and more


NEWLY listed Broken Hill Prospecting has appointed geologist Dr Ian Pringle as managing director.
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Alkane arranges Tomingley loan, hedging facility


ALKANE Resources has locked in Credit Suisse to arrange and underwrite a project loan and hedging facility for the company’s Tomingley gold project in central New South Wales.
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Antipa makes its debut


ANTIPA Minerals, formed by former LionOre International and Norilsk Nickel management, has listed on the ASX after raising the maximum $A10 million in its IPO.
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Capital Watch: Waratah, Republic, Liberty and more


EXPLORER Waratah Gold has boosted its bank balance by $A5.76 million as part of its plan to progress an exploration drilling program at its iron ore project in the Republic of Congo.
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Straits boosts copper output


MINING and exploration company Straits Resources has posted an increase in copper production for the fourth consecutive quarter.
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Mining Briefs: International Goldfields, Venus and more


THE highlights of Mining Briefs today were an acquisition for International Goldfields, iron ore results for Winmar and Venus and more high-grade uranium for Peninsula.
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‘Rivers of gold’ have dried up


FEDERAL Treasurer Wayne Swan says the “rivers of gold” which flowed into the government’s budget from the last mining boom won't be quite the same in the second phase of the mining boom.
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It’s not easy being green
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MINERS know they have to do their best to be environmentally friendly. However, Supply Side has found that it is not easy being green.
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Ribbon finally cut at Nullagine
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THE Nullagine joint venture may have already shipped 40,000 tonnes of iron ore, but Monday was a chance for the many different groups involved to celebrate the opening of the Pilbara’s newest mine.
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No surprises from PanAust


THERE were no surprises in PanAust’s March 2011 quarterly report, with copper output in line with the production schedule while cash costs beat expectations.
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BHP stands tall in tough quarter


DESPITE a slight drop in iron ore output in the March quarter, BHP Billiton’s production results have impressed analysts, given the performance of its peers.
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Court win for OMH


OM Holdings has had a win on the eve of its much talked about annual general meeting, with the Federal Court knocking back an application made by shareholder Consolidated Minerals relating to resolutions to be voted on at the AGM.
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Union prepares for BHP crusade


IN a further sign of looming industrial relations battles, several unions have formed a Single Bargaining Unit to launch a social media and press campaign against BHP Billiton.
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Metals X sells Wingellina stake


TIN producer Metals X has signed a heads of agreement with Jinchuan Group to sell the Chinese group 20% of the Wingellina nickel-cobalt project in Western Australia in a deal worth around $A50 million.
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Stocks set to bounce back


LOCAL stocks are tipped to rebound strongly from yesterday’s losses on the Australian Securities Exchange following a rebound in overseas markets and an upswing in commodity prices as gold and silver hit fresh all-time highs.
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Market heads into Easter on a high


THE biggest rally on Wall Street, coupled with the Australian dollar hitting a fresh high of $US1.07 in morning trade and stronger commodity prices, has seen the local share market close on a high note ahead of the Easter long weekend.
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Bumper quarter for Newmont


NEWMONT Mining has maintained its 2011 production forecasts for its Boddington operations in Western Australia as well as reporting strong March quarter financial results.
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Nickel the winner


NICKEL for three-month delivery on the London Metal Exchange recorded the biggest rise in commodities overnight, jumping 4.35% or $US1100 to $26,400 a tonne. The rise drove the share price performance of companies featured on the Final Call watchlist.
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Executive Outcomes: Focus, Tiger and more


JUNIOR gold producer Focus Minerals has appointed two new non-executive directors, bolstering the skills set of its board.
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Peninsula IPO up and running


ADELAIDE Resources has lodged the prospectus for the $A6 million initial public offering of its Peninsula Resources subsidiary with the Australian Securities and Investments Commission.
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Mining Briefs: TNG, Kentor, PepinNini and more


AN MoU extension for TNG, the first supplementary bidder’s statement for Kentor Gold, the grant of a tenement for PepinNini Minerals in Argentina and a trading halt for Sundance Resources made Mining Briefs today.
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Wiluna woes over?


A DEFIANT Mark Ashley is determined to put his troubled company’s difficulties behind it. By Brooke Showers
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What? Me worry?
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HIGH metal prices on one hand but grim portents on the other. A few challenges for the mining industry. The Outcrop by Robin Bromby
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UAE uranium deal in the wings


THE Australian government is close to wrapping up talks with the United Arab Emirates regarding sales of uranium, says federal Minister for Resources and Energy Martin Ferguson.
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Bitter-sweet day for OMH


IT was a bitter-sweet outcome to OM Holdings’ annual general meeting. The company received the go ahead from its shareholders over its proposed dual listing in Hong Kong, however there was a hiccup in the proceedings after one resolution relating to proposed changes to by-laws failed to get over the line.
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Flying Fox upgrade replenishes mined stocks


A REVISION of resources at Western Areas’ Flying Fox operation in Western Australia has effectively replaced ore mined from the T4 and T5 zones with new high-grade ore from the T5 zone.
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Norton once again hit with higher costs


GOLD miner Norton Gold Fields has been hit with lower production and higher cash costs at its Paddington site in Western Australia after a planned maintenance shutdown and hanging wall failures at the Homestead underground mine.
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Ivanhoe urges bigger capital return


EXCO Resources’ largest shareholder, Ivanhoe Australia, is yet to decide how it will vote on the sale of the Cloncurry copper project but says a bigger slice of the proceeds should be returned to shareholders.
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Atlas keeps costs down


JUNIOR iron ore producer Atlas Iron has posted a solid quarter of production at lower costs and is on target to ship 1.5 million tonnes in the June quarter.
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CSN gives in to Rio


RIO Tinto’s stake of African coking coal producer Riversdale Mining will shoot up from 52.6% to 72% after Brazilian steelmaker CSN accepted Rio’s $A16.50 per share takeover offer.
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Positive leads spell good news for local stocks


A LIFT in investor sentiment in overseas markets overnight from better-than-expected earnings figures should flow through to Australian stocks today, while commodities also had a good run.
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Higher dollar, but metals drag down market


WHILE the Australian dollar hit a new record amid stronger than expected consumer price index data, the local share market ended the day underwater, dragged down by lower metals prices.
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Zinc sinks and stocks follow


ZINC stocks failed to fight back against falling commodity prices, with the price of the metal for three month delivery on the London Metal Exchange recording the biggest fall, shedding 4.3% or $US99.50 to $2260.50 a tonne.
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Maiden blast signals new era for Sandfire


WITH the excavation of the box-cut to establish the portal entrance for the decline to access the underground ore bodies at Sandfire Resources’ DeGrussa copper-gold project in Western Australia, first production remains on track for the fourth quarter of 2012.
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CuDeco inks $130M Rockland deal


SHARES in copper play CuDeco skyrocketed as much as 26% in today’s trade on news it has signed an offtake deal with Hong Kong-based China Oceanwide International Holdings for the sale of mineral concentrates from its Rocklands copper project in Queensland for around $A130 million in CuDeco shares.
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Macarthur bogged down by water, mud removal


MACARTHUR Coal’s run of mine production dived 45.4% year-on-year during the March quarter while sales fell 61% with its two key mines still under force majeure as a consequence of the severe wet season in Queensland.
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Capital Watch: Castlemaine Goldfields and Sherwin Iron


CASTLEMAINE Goldfields has boosted its coffers by $A25 million for the development, production and exploration of the company’s projects.
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Output down, costs down for Ramelius


RAMELIUS Resources has delivered a 13% quarter-on-quarter dip in gold production for the March quarter after hitting record highs in the December quarter, while cash costs also took a dive.
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Another farm for Nkwe


NKWE Platinum has had another win, being awarded its second South African farm, Nooitverwacht, through the Department of Mineral Resources application process.
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Mining Briefs: China Yunnan, Azimuth, Panoramic and more


IN today’s Mining Briefs: China Yunnan Copper Australia enters Chile JV, drilling results for Azimuth Resources, Panoramic Resources and Troy Resources.
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Dryblower on value gaps, or traps, in the market


TOO many companies and not enough investors. That’s how Dryblower sees the small end of the Australian mining sector, where an interesting “disconnection” has evolved, a situation that might generate fat profits for anyone with an appetite for risk.
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A chat about rare earths
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THIS week Allan Trench discusses rare earths – the hot metals of 2011.
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Make yellowcake, not war
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A URANIUM-free charter for Western Australia has been doing the rounds on Facebook. To counter the anti-mining sentiment, The Metal Detective suggests a Go Yellowcake campaign. The Metal Detective by Stephen Bell
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Plant review won’t affect timeline: Lynas


AUSTRALIAN rare earths miner Lynas Corporation does not expect a one-month review of its planned concentration plant site in Malaysia by an independent panel of international experts to have an impact on its proposed timeline.
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Barrick thwarts Minmetals with $7.1B Equinox bid


IN a surprise move, China’s Minmetals Resources has pulled out of its takeover bid for copper miner Equinox Resources after pure gold play Barrick Gold Corporation thwarted its attempt with a superior $C7.3 billion ($A7.1 billion) bid.
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WorleyParsons scores $250M contract


ENGINEERING firm WorleyParsons has won a $A250 million engineering, procurement and construction management services contract for the expansion of Fortescue Metals Group’s Anderson Point port facilities.
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Rio, Guinea ink Simandou deal


THE $US10 billion ($A9.25 billion) Simandou iron ore project in Guinea is one step closer to fruition after Rio Tinto was granted its mining concession on terms that could see the country’s government take an up to 35% slice of the world-class project.
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Karara gets extra funding


IRON ore miner Gindalbie Metals has signed off on debt funding to support working capital requirements and bank guarantees for its flagship Karara project in Western Australia.
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Higher open tipped for Aussie stocks


IN the first trading session since Easter, Australian stocks are expected to open stronger today thanks to some healthy leads from overseas markets.
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Sitting pretty in Sweden


WITH neighbouring iron pellet and base metals concentrate manufacturers, steel mills keen for quality product and high-capacity transport access, this copper-iron explorer seems to almost have it made. By Susan Bower - RESOURCESTOCKS*
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Dollar hits record but market closes lower


THE Australian dollar has continued its record run hitting a fresh high of $US109.32 against the greenback, yet upbeat data from the US, coupled with a record gold price, did little to lift the local share market.
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Gold extends record highs


GOLD continued its upward run today with the precious metal for June delivery hitting an intraday record of $US1527.70 an ounce on the New York Mercantile Exchange. While the price failed to set a blow torch to the share price performance of companies on the Final Call watchlist, the majority managed to hold their own in what could best be described as a down day for base metals.
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Executive Outcomes: Heron, Dart, Uranium Equities and more


HERON Resources managing director Matthew Longworth has tendered his resignation from the company’s board and will be leaving at the end of the month.
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Nomad wins FMG contract


NOMAD Building Solutions has been awarded a $A10.6 million construction contract for Fortescue Metals Group’s Solomon iron ore project in the Pilbara.
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Aditya Birla posts profit fall


INDIAN-backed copper miner Aditya Birla Minerals has delivered a 7% drop in full-year profit after tax while reporting a 3% year-on-year increase in copper production for the year.
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Weaker quarter for Catalpa


CATALPA Resources has recorded quarterly gold production of 21,959 ounces, 11.9% lower than the previous quarter, while the company’s cash costs for the March quarter increased.
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Cruickshank upgrade for Panoramic


NICKEL miner Panoramic Resources has announced a 26% increase in the mineral resource for its Cruickshank nickel sulfide deposit at the Lanfranchi project in Western Australia.
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Mining Briefs: Mutiny, GME, Spitfire and more


A MOVE to 100% ownership for Mutiny Gold at Gullewa in Western Australia and drilling updates for GME Resources, Spitfire Resources, CuDeco and Viking Ashanti made Mining Briefs today.
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A possible (rare earths) goldmine
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ALL eyes are on gold and silver, but have you seen rare earth prices lately? And have you noticed how well placed Australia is? The Outcrop by Robin Bromby.
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Kloppers shores up support in China


ACKNOWLEDGING that China is becoming increasingly frustrated with project delays in Australia, BHP Billiton chief executive Marius Kloppers believes its relationship with the Asian powerhouse remains in good stead despite changes in iron ore pricing.
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Placement looks to secure South American strategy


DUAL listed copper and gold explorer Metminco is hoping to wrap up a $A30.4 million placement next month after unveiling two deals which will lift its exposure in South America and move it closer to production.
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Indigenous JV wins $160M Rio contract


A JOINT venture between mining and civil industries contractor NRW Holdings and native title holders Eastern Guruma has been awarded a $A160 million contract for construction works on Rio Tinto Iron Ore’s operations in the Pilbara.
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Conquest accelerates Pajingo development


CONQUEST Mining has wasted little time in bedding down its Pajingo acquisition in Queensland as it looks to increase production from the high-grade underground mine to 70,000 ounces by 2011-12.
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Gold One to buy Rand Uranium


SOUTH African miner Gold One International has snapped up fellow gold producer Rand Uranium for $US250 million ($A229 million) in cash, only days after a Chinese consortium took a 17.7% stake in Gold One.
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Chinese group run ruler over Padbury


A CHINESE group is running the ruler over Padbury Mining’s Peak Hill iron ore project in Western Australia’s Mid West with plans to visit the property next month as part of its due diligence process.
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Output down for Medusa


GOLD-producer Medusa Mining has delivered a quarterly gold production of 25,114 ounces at its Co-O mine in the Philippines, 3.8% lower than the record high in the previous quarter.
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Forensic pathologist identifies Pike body: reports


VARIOUS reports from New Zealand indicate that underground video footage taken at the Pike River Coal mine in February might have captured a fully clothed body laying face down.
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Lady Annie a springboard for CST


FOR Owen Hegarty, as the vice-chairman of Hong Kong-listed CST Mining, it is a case of dé jàvu, while for others, the start of operations at the Lady Annie copper play in Queensland represents the final chapter in a long and drawn-out journey to production.
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Positive leads spell positive start


AUSSIE stocks are expected to have a good start to today’s trade on the back of another session of positive overseas leads from Wall Street and European equities markets, while base metals came off the boil and gold reached new highs.
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New Britain offers fresh frontiers


A PARTNERSHIP with a major player has positioned this multi-element explorer for almost certain near-term growth. By Susan Bower - RESOURCESTOCKS*
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Investor jitters drag market lower


INVESTOR jitters over a potential interest rate hike and a drop in the Australian dollar after a month of record highs have dragged down the local share market, despite another gold price record and a slight rebound in base metals.
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Uranium stocks take a dive


URANIUM stocks, particularly those with a presence in Namibia, have taken another beating today, only two months since the Fukushima nuclear plant disaster in Japan, following reports the Namibian government had called for exclusive rights over certain strategic minerals, including uranium.
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Quarterly Briefs: Norseman, Perilya, Navigator and more


PRODUCTION updates for Norseman Gold, Perilya, Navigator Resources and Troy Resources made Quarterly Briefs today.
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Sedgman secures $30M contract


RESOURCE industry mineral processing and infrastructure solutions company Sedgman has scored a procurement contract worth $A30 million with Maules Coal, a subsidiary of Aston Resources.
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WPG signs rail haulage deal


EMERGING iron ore producer WPG Resources has signed a rail haulage deal for the transport of ore from its Peculiar Knob high-grade direct shipping iron ore project in South Australia.
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Musgrave debuts at a discount


MUSGRAVE Minerals has made its debut on the Australian Securities Exchange today at a slight discount after successfully closing its $A20 million initial public offering earlier this month.
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Aquarius posts $23.2M profit


THE world’s fourth-largest platinum producer Aquarius Platinum has posted a net profit for the March quarter of $US25.3 million ($A23.2 million), up 9% from the previous corresponding period, thanks to higher production and prices during the three-month period.
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CMC kicks off magnesium production


CHINA Magnesium Corporation says it is the first Australian company to commercially produce pure magnesium following first production of pure magnesium from new furnaces at its production plant in northern China.
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Mining Briefs: CuDeco, Centaurus, Horseshoe and more


IN today’s Mining Briefs: CuDeco talks down rumours, drill results for Centaurus and Horseshoe, Fe divests Gympie Eldorado mine and initial resource for Metaliko.
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Buy, Sell, Hold: Rio, BHP and Medusa
Exclusively for Premium Subscribers


WEATHER impacted the big miners but they’re still a good buy and Medusa impresses with its Co-O mine in the Philippines.
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Alacer beats production target


IN its first full month as Alacer Gold the group has already beaten its annual production target of 400,000 ounces after delivering 37,040oz of gold in March and expects volumes to reach up to 95,000oz in the June quarter.
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Namibian mine rules won’t hurt us: Extract, Paladin


NAMIBIA-focused uranium companies have poured cold water on concerns a change in the country’s legislation, which would give exclusive exploration and mining rights to a state-owned company, will impact on their projects.
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Macarthur ends FM with record PCI price


MACARTHUR Coal, the largest exporter of pulverised coal injection coal, has landed a record PCI coal price of $US275 a tonne free-on-board for the June quarter as it finally lifted its force majeure declarations yesterday.
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A pint with Greg Hall – part 2
Exclusively for Premium Subscribers


IN the second part of its chat with Toro Energy managing director Greg Hall, MiningNewsPremium found out more about the company, his travels and playing guitar in a country band.
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Australia exposed to commodity price shocks: IMF


AUSTRALIA’s increasing dependence on mining makes its economy more vulnerable to falls in commodity prices, the International Monetary Fund has warned.
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OM holds it owns despite record rains


ANOTHER casualty of heavy rains caused by Cyclone Yasi, OM Holdings’ Bootu Creek manganese mine in the Northern Territory still managed to deliver record first quarter wet season production volumes.
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Underground option emerges for Perilya


BASE metal miner Perilya has deferred a development decision on its Mt Oxide copper project in Queensland until the first half of 2012 after identifying the potential for an underground mining option.
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OceanaGold revenue jumps by 87%


GOLD-producer OceanaGold’s revenue for the March quarter has increased by 87% to $US90.7 million ($A83.2 million), compared to the same period last year.
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Overnight gains to boost local stocks


AUSTRALIAN stocks are expected to gain further ground at market opening today, buoyed by positive leads from overseas markets. Meantime, gold has extended its record run as the Australian dollar opens higher.
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New technology resurrects dead mine


COPPER Mountain has yielded high-grade ore off and on for seven decades. Now it’s poised to become a major producer again. By Tony Wanless - RESOURCESTOCKS*
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