Wednesday, 10 March 2010

GR to return to Solomon Islands (Wednesday, 10 March 2010) ALLIED Gold has provided GR Engineering Services with a letter of intent to award it the engineering, procurement and construction contract for the Gold Ridge project in the Solomon Islands. Full Story... Mixed bag for nickel (Wednesday, 10 March 2010) NICKEL had a quiet night on the London Metal Exchange closing $50 lower at $22,250 per tonne overnight. Nickel stocks on the Final Call watchlist had a mixed day on the Australian Securities Exchange. Full Story... Mining Briefs: Cudeco, PlatAust, Silver Lake and more (Wednesday, 10 March 2010) SHARES in copper hopeful Cudeco jumped 15% today on news the company is in China and in discussion with parties over its flagship Rocklands project. Full Story... Karratha next on upgrade list (Wednesday, 10 March 2010) AS part of its Pilbara Cities vision, the Western Australian State Government has today released the draft Karratha Revitalisation Plan and announced a new workers’ camp will be built in the town to ease the high demand for accommodation. Full Story... Melrose grows for Korab (Wednesday, 10 March 2010) KORAB Resources has delivered a 29% increase in the inferred resource at its Bungarra deposit, part of its Melrose gold project in Western Australia’s Eastern Goldfields region. Full Story... Drilling extends Hera (Wednesday, 10 March 2010) NEW high-grade results from the Hera gold and base metals deposit in New South Wales have the potential to significantly grow resources, YTC Resources chief executive Rimas Kairaitis says. Full Story... Balmoral receives environmental approval (Wednesday, 10 March 2010) ONLY days after responding to concerns about its funding arrangements, Australasian Resources has received final state government environmental approval for its Balmoral South iron ore project in the Pilbara. Full Story... Harley progresses offtake talks in London (Wednesday, 10 March 2010) GUNSON Resources managing director David Harley has met with potential funding and offtake partners in London as he advances the company’s namesake project in South Australia towards a 2012 start-up. Full Story... Deposit taking shape for Kimberley Metals (Wednesday, 10 March 2010) NEW South Wales explorer Kimberley Metals is gearing up programs to confirm the viability of a mine development at the Pearse deposit and justify re-commissioning the Mineral Hill processing plant after reporting a series of high-grade hits. Full Story... For those about to merge (we salute you) (Wednesday, 10 March 2010) JUST months after merging with Warwick Resources, Pilbara miner Atlas Iron and magnetite hopeful Aurox Resources have agreed to a friendly merger, with the deal being sealed over a beer before the AC/DC concert in Perth on Saturday night. Full Story... Back on the hunt: exploration spend grows (Wednesday, 10 March 2010) EXPLORATION spending by Australian resource companies is back on the rise, in another sign of growing confidence in the local mining sector. New Australian Bureau of Statistics figures show that total exploration spending is rising, particularly in greenfield areas. Full Story... The quarterly pricing regime Exclusively for Premium Subscribers (Wednesday, 10 March 2010) IRON ore is tipped to settle on a quarterly basis as BHP Billiton avoids annual contracts for coking coal. Mine Life senior resources analyst Gavin Wendt and Patersons Securities coal analyst Andrew Harrington look into the ramifications. Full Story... Centurion’s new base Exclusively for Premium Subscribers (Wednesday, 10 March 2010) CENTURION Transport, which draws a huge part of its business from the resources sector, has officially opened its new $A40 million supply base. Supply Side by Noel Dyson Full Story... Adamus eyes $30.5M raising (Wednesday, 10 March 2010) GOLD hopeful Adamus Resources is seeking to boost its coffers by up to $A30.5 million through a capital raising to accelerate exploration at its flagship Southern Ashanti project in Ghana. Full Story... Equinox closes $US400M loan deal (Wednesday, 10 March 2010) EQUINOX Minerals has cleared the existing debt facilities hanging over the Lumwana copper mine in Zambia, having achieved financial close of its new $US400 million ($A437.4 million) corporate loan facility. Full Story... Gold by year’s end for Golden West (Wednesday, 10 March 2010) GOLDEN West says it could be producing gold from its Wiluna West project by the end of the year, after upgrading resource estimates at the project today. Full Story... Mongolian coal to stoke Hunnu fire (Wednesday, 10 March 2010) AUSTRALIAN-Mongolian company Hunnu Coal has its sights firmly set on developing assets in a nation rich with possibility and abundant with coal resources. By Amanda Ellis - RESOURCESTOCKS* Full Story...

Tuesday, 9 March 2010

Atlas cuts its losses (Tuesday, 9 March 2010) ATLAS Iron has reduced its net loss for the December half year to $A24.4 million following a considerable jump in sales revenue for the period. Full Story... Tuesday trudges in (Tuesday, 9 March 2010) SLUGGISH leads from overseas and mixed metal prices meant a slow session for Australian resource stocks today. Full Story... Copper cools (Tuesday, 9 March 2010) LOCAL copper plays had a less than positive day, with copper for three-month delivery down $US75, or 1%, to $7470 per tonne. The downward shift has raised questions about buying momentum for the red metal, with suggestions that copper prices could come under pressure from liquidation in the near future. Full Story... Mining briefs: Azumah, Proto, Venture, Galaxy and more (Tuesday, 9 March 2010) WEST African gold explorer Azumah Resources has reported fresh assay results from drilling at the Julie and Collette prospects at the Wa Gold Project in Ghana. Full Story... Orocobre chases $21.4M raising, TSX listing (Tuesday, 9 March 2010) LITHIUM developer Orocobre is chasing a $C20 million ($A21.4 million) private placement and plans to list on the Toronto Stock Exchange to help develop the company’s lithium assets, after yesterday announcing a new high-grade lithium and potassium brine discovery in Argentina. Full Story... Wright children win court battle (Tuesday, 9 March 2010) AFTER nine years of litigation, Hancock Prospecting has lost its share of the Rhodes Ridge iron ore deposit in the Pilbara, with the Western Australian Supreme Court ruling in favour of the children of late minerals prospector Peter Wright. Full Story... Newmont deal a positive for ABM (Tuesday, 9 March 2010) ABM Resources is spearheading its production aspirations with properties in the Tanami region of the Northern Territory that have sat dormant on the books of Newmont Mining Corporation since 2004. Full Story... Cashmere looks to ASX listing (Tuesday, 9 March 2010) UNLISTED public company Cashmere Iron is looking to an ASX listing after unveiling a plus 1 billion tonne JORC-compliant resource on its namesake property in Western Australia’s Mid West. Full Story... Magnetite at a premium Exclusively for Premium Subscribers (Tuesday, 9 March 2010) AMID the death spasms of the iron ore benchmark system, a surprise package has emerged – premium-priced Australian magnetite. What is a tonne of magnetite concentrate worth? The Metal Detective, By Stephen Bell Full Story... Mexican opportunity for OZ (Tuesday, 9 March 2010) A DEAL with OZ Minerals will accelerate exploration on one of Azure Minerals’ key projects in Mexico – its wholly owned San Eduardo property. Full Story... Noble ups gold reserve in West Africa (Tuesday, 9 March 2010) NOBLE Mineral Resources has posted a major increase in the JORC-compliant measured, indicated and inferred gold resources at its west African Bibiani project. Full Story... Westgold seeks legal advice to clarify clawback (Tuesday, 9 March 2010) ANGLOGOLD Ashanti has retained its clawback on Westgold Resources’ Rover deposit in the Northern Territory following the release of a maiden resource on the property last month, but it seems some of the finer details are still to be ironed out. Full Story... FIRB ticks off on Venus play (Tuesday, 9 March 2010) VENUS Resources will become the latest Australian mining junior to accept significant Chinese investment, after the Foreign Investment Review Board ticked off on the farm-in and joint venture agreement between Venus and HD Mining and Investment. Full Story... Executive Outcomes: Conquest, Ferrum Crescent, Uranex and more (Tuesday, 9 March 2010) FORMER Sino Gold chief executive officer Jake Klein has been appointed executive chairman of Conquest Mining. Full Story... Eastern Dragon fires up (Tuesday, 9 March 2010) ELDORADO Gold has reported a 47% increase in the measured and indicated resource and a 42% rise in proven and probable gold reserves for its Eastern Dragon project in China’s Heilongjiang Province. Full Story... Allied continues to grow resources (Tuesday, 9 March 2010) WITH new resources unveiled for the Pigiput and Pigibo deposits, Allied Gold is approaching a 10 million ounce base from its properties in Papua New Guinea and the Solomon Islands. Full Story... Golden Rim acquires fifth Mali licence (Tuesday, 9 March 2010) GOLDEN Rim Resources has expanded its holdings in Mali, acquiring a fifth exploration tenement in the west African nation. Full Story... Aldershot does Strategic deal in SA (Tuesday, 9 March 2010) A DEAL with Strategic Minerals Corporation has given Canadian uranium explorer Aldershot Resources a foothold on potential iron ore and iron-copper-gold-uranium targets at Martins Well in South Australia. Full Story... People power Exclusively for Premium Subscribers (Tuesday, 9 March 2010) IT is estimated growth in the resources sector will create 136,000 new direct and indirect jobs over the next five years. While that is great news for the industry and the growth of the nation, the most urgent issue now is finding where all the skilled workers are going to come from. Full Story... Discovery, Transamine enter alliance (Tuesday, 9 March 2010) DISCOVERY Metals has inked an initial five-year offtake deal with Swiss-based non-ferrous raw materials trading company Transamine for all the copper concentrate from its Boseto project in Botswana. Full Story...

Monday, 8 March 2010

Alliance progresses Pilbara port study (Monday, 8 March 2010) THE North West Iron Ore Alliance (NWIOA) has achieved another milestone in its push to become the next generation of iron ore producers, with a prefeasibility study (PFS) finding the group’s $A2.1 billion Pilbara port project able to meet its shareholders’ commercial objectives. Full Story... Hear iron roar (Monday, 8 March 2010) IRON ore stocks showed their strength today, surging forward on the back of positive overseas leads, while NSL Consolidated and Atlas Iron both entered trading halts pending significant announcements. Full Story... Week starts on a high (Monday, 8 March 2010) AUSTRALIAN stocks had a good start to the week, with the market led higher by strength in the resource sector. Full Story... CBH returns high grades at Rasp (Monday, 8 March 2010) CBH Resources has filed excellent results from its reverse circulation drilling program at the Rasp mine in Broken Hill. Full Story... Kagara to up resource at Lounge Lizard (Monday, 8 March 2010) KAGARA plans to increase the resource figures at its Lounge Lizard nickel sulfide project in April, with the company announcing assay results from the three massive and matrix sulfide intersections revealed by its drilling program in February. Full Story... Lithium story grows for Orocobre (Monday, 8 March 2010) WHILE still early days, Orocobre plans to further evaluate the Salinas Grandes discovery in Argentina as either a stand-alone lithium development or one tied in with its more advanced Olaroz play. Full Story... Deloitte WA index back on the up (Monday, 8 March 2010) THE Deloitte index of Western Australian stocks is back up, after January’s fall – the first fall on the local index in 12 months, according to Deloitte. Full Story... Mining Briefs: Reed, Western Areas, Doray, Axiom (Monday, 8 March 2010) A HEADS of agreement between Reed Resources and Western Areas has been terminated due to Western Areas not meeting the minimum expenditure on the Mt Finnerty nickel project. Full Story... Strongest nickel hit yet at Rosie (Monday, 8 March 2010) JOINT venture partners Independence Group and South Boulder Mines have hit the strongest nickel values yet from drilling at the Rosie prospect in Western Australia. Full Story... Potential new find for Integra (Monday, 8 March 2010) EARLY indications from drilling seem to have uncovered a new gold discovery at the Randalls precious metals project in Western Australia for partners Integra Mining and Newcrest Mining. Full Story... Aurox, Atlas in halt over deal (Monday, 8 March 2010) AUROX Resources and Atlas Iron have both entered trading halts pending a potential material transaction. Full Story... Dryblower on how the great tax caper could hit mining (Monday, 8 March 2010) TAX and banking seem remote topics when it comes to discussing mining. They’re not, as Dryblower will explain as he explores a curious phenomena known as “tax arbitrage”, an unfair financial advantage to be gained by setting up shop in Switzerland. Full Story... Capital Watch: Acclaim, Matilda, A1 and more (Monday, 8 March 2010) ACCLAIM Exploration will raise $A9.2 million to fund the company’s recent acquisition spree, announcing Raptor Capital will underwrite and manage a private placement and associated rights issue. Full Story... New nickel sulfide discovery for Sandstone JV (Monday, 8 March 2010) DIAMOND drilling at Western Areas and Troy Resources’ Sandstone joint venture has intersected a zone of nickel sulfide mineralisation, which the companies describe as “potentially significant”. Full Story... Uranium returns Exclusively for Premium Subscribers (Monday, 8 March 2010) IN recent weeks Strictly Boardroom has revealed annualised shareholder returns for ASX-listed copper, gold, nickel and zinc companies. You guessed the subject for this week. Here comes a comparable analysis for uranium. Allan Trench lists the top-performing uranium juniors ranked by share price gain over the past year. Full Story... Find offers parallel appeal for Silver Lake (Monday, 8 March 2010) THE discovery of a new deposit at Genesis has highlighted the potential for further near-surface mineralisation parallel to the Tuckabianna shear zone for gold producer Silver Lake Resources. Full Story... London Stockpile: Banks and miners boot the FTSE Exclusively for Premium Subscribers (Monday, 8 March 2010) LONDON-listed blue-chip miners all finished in positive territory last week, lifting the market into one of its best positions in a year. By the Mining Journal’s Ben Creagh Full Story... BHP goes quarterly for coking coal (Monday, 8 March 2010) BHP Billiton has signed onto a three-month coking coal contract with Japanese steelmaker JFE Holdings at $US200 a tonne – a 55% premium on the last annual benchmark, according to various reports. Full Story... Sulfide promise lures Castle (Monday, 8 March 2010) AN intersection of primary gold mineralisation at its Wa project high in Ghana has pointed to a potential sulfide lode for Australian junior Castle Minerals. Full Story... Dourado to spin off subsidiary (Monday, 8 March 2010) DOURADO Resources is planning to spin off its subsidiary – just three months after listing itself – with the new company to gain Northern Territory uranium assets from Dourado and Cauldron Energy. Full Story... Beacon’s future shining bright (Monday, 8 March 2010) THE phrase “Happy New Year” holds special meaning for this Western Australia-based gold explorer and its flagship Barlee gold project. By Wally Graham - RESOURCESTOCKS* Full Story...

Friday, 5 March 2010

Speewah quadruples in size (Friday, 5 March 2010) NIPLATS Australia has unveiled a new mineral resource estimate for its flagship Speewah vanadium deposit, confirming it as Australia’s largest. Full Story... Heron offloads Kalgoorlie gold assets (Friday, 5 March 2010) HERON Resources has divested its Kalgoorlie gold assets by entering into an option agreement with Metaliko Resources. Full Story... Group Geologist (Friday, 5 March 2010) Polymetals has set an aggressive growth strategy and requires an experienced Group Geologist, with strong exploration expertise, to join the team. The Group Geologist provides strategic and technical advice, analysis and options in support of the achievement of Polymetals goals. A competitive package will reflect the candidate's credentials and experience. For more information, and to apply online, please visit http://ApplyNow.net.au/Job16522 Full Story... BHP, Rio move on up (Friday, 5 March 2010) SHARES on the Australian Securities Exchange ended the working week on a high note following bullish leads from Wall Street overnight while the mining heavyweights continued their upward trajectory. Full Story... BHP, Rio move on up (Friday, 5 March 2010) SHARES on the Australian Securities Exchange ended the working week on a high note following bullish leads from Wall Street overnight while the mining heavyweights continued their upward trajectory. Full Story... Aftershock lifts red metal (Friday, 5 March 2010) A 6.3-magnitude aftershock close to Antofagasta in northern Chile helped lift the copper price to $US7455 per tonne, up $57.50. Despite the rise, copper stocks on the Final Call watchlist were mixed. Full Story... Wild Acre lists on the ASX (Friday, 5 March 2010) GOLDFIELDS-focused explorer Wild Acre Metals listed on the Australian Securities Exchange this afternoon at a modest 5% premium to its A20c issue price. Full Story... Revolution in precious metals processing (Friday, 5 March 2010) A NEW $A60 million extraction method developed by Haoma Mining and Elazac Mining at Bamboo Creek in the Pilbara could have major ramifications for other precious metal players in the region. Full Story... Mining Briefs: Range River, Ethan, Excalibur, AWH (Friday, 5 March 2010) RANGE River Resources chairman Dr Kevin Tuckwell has formally opened the Mt Morgans gold operations in the Eastern Goldfields. Full Story... Tailings provide sweetener for Signature (Friday, 5 March 2010) WEST African gold explorer Signature Metals has released a JORC resource for the old Konongo tailings dam of 1.75 million tonnes grading 1.09 grams per tonne for 61,150 ounces. Full Story... Directors’ Interests: Paladin Energy, Whitehaven Coal, RCR Tomlinson and more (Friday, 5 March 2010) PALADIN Energy’s managing director and chief executive officer John Borshoff and chairman Rick Crabb have upped their shareholdings in the uranium miner. Full Story... Silver Lake’s low-cost upgrade complete (Friday, 5 March 2010) JUNIOR gold producer Silver Lake Resources has wrapped up commissioning of the upgraded circuit at its Lakewood gold processing facility near Kalgoorlie. Full Story... Rock Stocks: New deals help drive prices higher Exclusively for Premium Subscribers (Friday, 5 March 2010) WITH the half-yearly reporting season over, the markets dithered this week as junior companies concentrated on locking in deals and establishing a strong capital base to ensure a strong finish to the financial year. By Ron Berryman, editor of RESOURCESTOCKS magazine. Full Story... February IPOs stagnate Exclusively for Premium Subscribers (Friday, 5 March 2010) WITH just six new listings on the boards of the Australian Securities Exchange in February it can be said the pre-Christmas frenzy that saw 17 December IPO listings has eased off somewhat.Wally Graham reports. Full Story... Lihir gets out of Ballarat (Friday, 5 March 2010) LIHIR Gold has entered a sales agreement with Castlemaine Goldfields to offload its costly Ballarat mine in Victoria, which will close down today as both parties iron out the deal. Full Story... FMG flags Solomon rail line (Friday, 5 March 2010) FORTESCUE Metals Group says it may eventually look to build a rail line from its massive Solomon project to the proposed port facilities at Anketell Point in Western Australia’s Pilbara if talks for access to existing rail lines fall through. Full Story... New contract to keep Mt Weld costs on track (Friday, 5 March 2010) LYNAS Corporation’s Mt Weld rare earths project in Western Australia is moving ahead with Abesque Engineering being awarded a new $A36.2 million lump-sum contract to construct the concentration plant. Full Story... Lessening the impact of skills shortages (Friday, 5 March 2010) THE future impact of skills shortages can be reduced now if employers invest in recruiting and training entry-level candidates, recruiter Hays Resources & Mining says. Full Story... Gold flowing at BrightStar (Friday, 5 March 2010) A1 Minerals is celebrating after completing the first gold pour at its $A10 million BrightStar project near Laverton in Western Australia’s Goldfields. Full Story... Galaxy hits the ground running (Friday, 5 March 2010) EMERGING lithium producer Galaxy Resources has started prestrip mining at its Mt Cattlin spodumene project in Western Australia ahead of schedule. Full Story... Dragon grows Jokisivu resources (Friday, 5 March 2010) A NEW mineral resource has seen a 25% jump in tonnes and 20% rise in contained gold at Dragon Mining’s Kujankallio deposit at Jokisivu in southern Finland. Full Story... Anglo chips in for quake relief (Friday, 5 March 2010) ANGLO American will donate $US10 million ($A11.1 million) towards reconstruction efforts in Chile, following the massive earthquake which rocked the country on Saturday, killing more than 800 people. Full Story... ACCC backs Pilbara iron ore juniors (Friday, 5 March 2010) IRON ore juniors in the Pilbara have had a win with Australia’s competition watchdog looking to grant North West Iron Ore Alliance members the right to collectively bargain for railway access and rail haulage services. Full Story... Global Commodity Leader – Nickel & PGEs (Friday, 5 March 2010) Brazil Based: Belo Horizonte Exciting Newly Created Appointment Manage Greenfields Nickel & PGE Portfolio Key Strategic & Technical Focus Contact Alex Beutler +61 7 3295 7414 Full Story... Iron ore project a Wilcherry thrill (Friday, 5 March 2010) AN Australian company about to join the ranks of iron ore producers is another example of how the junior mining sector can overcome setbacks. By Ron Berryman - RESOURCESTOCKS* Full Story...

Thursday, 4 March 2010

Anketell wins Pilbara port race (Thursday, 4 March 2010) ANKETELL has been chosen as the site for the Pilbara’s next multi-user deepwater port and industrial precinct, and is set to come online in 2015. Full Story... Strata lodges $3 million IPO (Thursday, 4 March 2010) STRATA Minerals has lodged a prospectus with the Australian Securities and Investments Commission for a $A3 million initial public offer this week, to support the company’s plans to explore for phosphate rock in Western Australia and Queensland. Full Story... Mining Project Director (Thursday, 4 March 2010) LARGE SCALE MINING PROJECT WESTERN AUSTRALIA Attractive Roster Top Level Negotiable Salary Package Excellent Career Move Full Story... Seven miners in Forbes Australian rich 40 (Thursday, 4 March 2010) ENTREPRENEURS directly associated with the Australian mining industry make up 17.5% of the latest Forbes top 40 Australian rich list, with Fortescue Metals Group’s Andrew Forrest returning to the top of the heap this year. Full Story... New tool opens gate to collision avoidance (Thursday, 4 March 2010) AN online mine safety tool that could help reduce the number of collision incidents in open-cut mines is being developed. Full Story... Zinc shines (Thursday, 4 March 2010) WITH a gain of 2.9% to $US2320 per tonne, zinc was the metal to watch on the London Metal Exchange last night. However, despite the price jump, the bulk of zinc stocks on the Final Call watchlist dipped into negative territory. Full Story... Aquila takes Vale to court (Thursday, 4 March 2010) AQUILA Resources today began legal proceedings against Vale seeking unspecified damages for defaulting on a joint venture agreement committing to infrastructure arrangements for the Eagle Downs coal mine in Queensland. Full Story... Mining briefs: TNG, Echo, Takoradi and more (Thursday, 4 March 2010) METALLURGICAL testwork at TNG’s Mount Peake vanadium project in the Northern Territory has confirmed the ore can be upgraded via low-cost magnetic separation. Full Story... Stocks gain more ground (Thursday, 4 March 2010) AUSSIE stocks rebounded in afternoon trade after an uninspiring lead from Wall Street, while the major miners continued yesterday’s gains on stronger commodities. Full Story... Executive Outcomes: Centamin, Energia, Icon, Union, Groote and more (Thursday, 4 March 2010) FORMER Equinox Minerals chief operating officer Harry Michael has joined the board of Centamin Egypt as its new chief executive officer. Full Story... NSL looks to grow Indian iron ore footprint (Thursday, 4 March 2010) INDIAN iron ore developer NSL Consolidated has expanded its interests in the country after striking a deal to acquire a mining lease and extraction and selling rights to a project for $A12 million. Full Story... Rags to riches Exclusively for Premium Subscribers (Thursday, 4 March 2010) THE Perseus Mining story is proof that the dream lives. The Outcrop by Robin Bromby. Full Story... Monday restart for Smokey Hills (Thursday, 4 March 2010) PLATINUM Australia expects operations at the Smokey Hills mine in South Africa to restart on Monday after the majority of striking workers at the mine were given the boot. Full Story... Meridian boosts resources at Lennard Shelf (Thursday, 4 March 2010) QUEENSLAND-based Meridian Minerals has increased the mineral resource inventory on the Lennard Shelf project in the Kimberley region of Western Australia. Full Story... 2010 to be a mixed year for metals: Natixis (Thursday, 4 March 2010) BASE metal prices are set for a resurgence over the next two years, based on forecasts from Natixis Commodity Markets, while precious metals are expected to fall as investors lose interest in gold and silver. Full Story... Exco ups Cloncurry resource (Thursday, 4 March 2010) EXCO Resources has reported a 123% jump in the resource estimate for the Mt Colin deposit at its Cloncurry copper project in Queensland as the copper and gold hopeful mulls over development options. Full Story... WorkPac wins $180M Olympic Dam contract *updated* (Thursday, 4 March 2010) RECRUITING specialist WorkPac has won a major share of the personnel contract for BHP Billiton’s Olympic Dam, announcing this week it has been awarded the five-year contract to supply professional and industrial employees to the project. Full Story...

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