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Friday
16 May 2008
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LAST WEEK'S STORIES
Wednesday, 14 May 2008
More at stake than Kodu with World Heritage map
(Wednesday, 14 May 2008)
THE Papua New Guinea Chamber of Mines and Petroleum has received a proposed World Heritage Area map that it says will impact exploration licences and applications other than Frontier Resources’ Kodu deposit near the Kokoda Track.
Full Story...
Zinc on upward spiral
(Wednesday, 14 May 2008)
THE spot price of zinc benefited from a combination of strike action in Africa and uncertainty following the fallout of the recent Chinese earthquake. Meanwhile zinc miners on the Aussie bourse reflected the upward trend.
Full Story...
Paramount to expand executive team
(Wednesday, 14 May 2008)
DIAMOND explorer Paramount Mining says it will appoint a new executive to its management team as soon as possible, after the sudden resignation of its chairman Steven Cole, announced yesterday.
Full Story...
Carrick sitting on more than 4Moz gold
(Wednesday, 14 May 2008)
PERTH-based Carrick Gold has boosted its global resources to more than 4 million ounces of contained gold with the addition of an inferred and indicated resource for the HalfWay Hill prospect within the Western Australian Kurnalpi project.
Full Story...
Polaris updates Yilgarn resource base
(Wednesday, 14 May 2008)
IRON hopeful Polaris Metals has reported an updated inferred mineral resource for its Yilgarn iron ore project in Western Australia following the resolution of a dispute with Portman Mining over ownership of the Bungalbin tenement.
Full Story...
Heron, Barrick launch $1.5m gold project farm-in
(Wednesday, 14 May 2008)
HERON Resources has teamed up with Barrick Gold’s Kalgoorlie subsidiary in a farm-in agreement to develop Heron’s Kanowna South project, north of Kalgoorlie.
Full Story...
Mt Padbury deal moves Montezuma closer to manganese sector
(Wednesday, 14 May 2008)
DIVERSIFIED explorer Montezuma Mining Company has exchanged its Mt Padbury licence manganese rights for a stake of around 12% in up-and-coming iron ore company, Auvex Metals.
Full Story...
Working the land, in more ways than one
Exclusively for Premium Subscribers
(Wednesday, 14 May 2008)
TRAINING farmers to be miners is one clever way to get more workers into the country’s key industry, reckons
Crosscut Clyde
, and getting youth involved from the early days is another key measure.
Full Story...
NT tenements for Western Desert
(Wednesday, 14 May 2008)
WESTERN Desert Resources has added a new Top End iron ore tenement to its exploration portfolio and moved to acquire a second adjoining tenement.
Full Story...
Zinc prices jump after earthquake, strikes
(Wednesday, 14 May 2008)
A STRIKE in Namibia and the Chinese earthquake have seen zinc prices rally overnight after months in the doldrums.
Full Story...
The end is nigh! Or is it?
Exclusively for Premium Subscribers
(Wednesday, 14 May 2008)
AFTER partaking of his first cup of tea for the day
Michael Pascoe
gives his views on where the boom is at.
Full Story...
Mining should gain from budget training boost
(Wednesday, 14 May 2008)
THE resources sector is expected to benefit from the expansion of vocational training places and the development of Trade Training Centers in secondary schools as part of the Rudd Government’s $A11 billion Education Investment Fund handed down in last night's Federal Budget.
Full Story...
Skilled migrant intake gets budget makeover
(Wednesday, 14 May 2008)
THE Rudd Government, in its first budget, has announced initiatives to tackle the skills shortage in Australia that include upping the intake of skilled migrants into Australia and reforming the 457 visa scheme.
Full Story...
Infrastructure gets $20b budget boost
(Wednesday, 14 May 2008)
INFRASTRUCTRE was a big winner in the Rudd Government’s first Federal Budget with an initial $A20 billion to be injected into a fund to build roads, rails, ports and a national broadband network.
Full Story...
South African mining output shows power cut damage
(Wednesday, 14 May 2008)
THE effects of the South African power shortage on the nation’s mining industry are becoming clear with statistics showing a 17% drop in mining output in March due to the failing electricity supply.
Full Story...
FEASIBILITY SAFETY MANAGER - Brisbane
(Wednesday, 14 May 2008)
Highly Competitive Remuneration Package
World Leading Alumina Producer
Exciting $3 Billion – Mining / Infrastructure Project
Senior Management Appointment
Full Story...
Environment report backs Kodu mine
(Wednesday, 14 May 2008)
AN INDEPENDENT environmental assessment for a mine at Frontier Resources’ Kodu deposit in Papua New Guinea has reported minimal risks to the Kokoda Track, Port Moresby’s future water supply and the environment.
Full Story...
Trafford scores golden goal
(Wednesday, 14 May 2008)
TRAFFORD Resources was floated to explore for iron oxide, copper, gold and uranium deposits with a primary focus on gold, but its first potentially commercial discovery was iron ore, which, when in production will return gold credits to Trafford at no mining cost.
By Wally Graham – RESOURCESTOCKS*
Full Story...
Tuesday, 13 May 2008
Alumina to raise $US300m
(Tuesday, 13 May 2008)
ALUMINA says it has launched a convertible bond offering to raise around $US300 million ($A317 million) to repay existing debt and to fund Alumina’s investment in Alcoa World Alumina and Chemicals (AWAC) growth projects.
Full Story...
Copper gains
(Tuesday, 13 May 2008)
WHILE its gains were only marginal – at just below 2% – copper gave the best performance on the London Metals Exchange. However, for local plays in the copper game most action was in a downward direction.
Full Story...
Budget day blues for resource plays
(Tuesday, 13 May 2008)
WITH the Federal Budget due to be released in a matter of hours, the market hosted gains across most sectors of the Australian bourse – except in the resources camp. Perhaps it was pre-budget jitters or a case of Tuesday malaise, but players in the mining side let the team down, and not even news of BHP snaffling the remaining piece of a Canadian potash project could halt its downward doozy.
Full Story...
Capital Watch: Admiralty, AusQuest, Contact, Gryphon, Overland, Renison, Strike, West Australian Metals
(Tuesday, 13 May 2008)
MELBOURNE-based
Admiralty Resources
has boosted its coffers by some $A5 million following a share placement.
Full Story...
Strike while Peruvian iron ore is hot
(Tuesday, 13 May 2008)
PERTH-based explorer Strike Resources has topped up its war chest by $A32 million through a share placement to fund the development of its Peruvian iron ore assets.
Full Story...
Hunan makes a bid for Abra
(Tuesday, 13 May 2008)
HUNAN Nonferrous Corporation, China’s biggest zinc producer, has made good its promise to look beyond China for resource investments with the company today launching a proportional takeover play for Perth-based junior Abra Mining.
Full Story...
Maiden resource for Scotland gold explorer
(Tuesday, 13 May 2008)
JUNIOR gold play Scotgold Resources has released a maiden JORC-compliant resource for the Cononish gold and silver deposit in Scotland’s Grampian Highlands.
Full Story...
BHP picks up Canadian potash play
(Tuesday, 13 May 2008)
AS FERTILISER prices skyrocket, BHP Billiton has made a friendly play for Anglo Potash in a move that has nabbed the major miner the final 25% of a massive Canadian potash project.
Full Story...
Austindo to focus on exploration, farms out Cibaliung
(Tuesday, 13 May 2008)
AUSTINDO has entered into a binding Heads of Agreement with East Asia Minerals for a farm-out of its Cibaliung Gold Project in Indonesia, while the company plans a new strategic direction.
Full Story...
Extract ticks boxes at Rossing South
(Tuesday, 13 May 2008)
SPECTRAL logging analysis from the Rossing South project in Namibia has delivered “a number of significant uranium intersections”, according to Perth-based Extract Resources.
Full Story...
On top of the world in Queensland
Exclusively for Premium Subscribers
(Tuesday, 13 May 2008)
A YOUNG Queensland woman is leading the charge for women in the mining industry.
By Vivienne Ryan.
Full Story...
Nickel prices down, takeover talk up
Exclusively for Premium Subscribers
(Tuesday, 13 May 2008)
NICKEL prices have failed to dazzle in the past few months, but the continued grinding of the takeover rumour mill is keeping Australian producers afloat.
The Metal Detective
,
by Stephen Bell
Full Story...
Mining industry cautious about Federal Budget
(Tuesday, 13 May 2008)
WITH the economy slowing, and costs and inflation rising, today’s Federal Budget is not expected to hold much for the mining sector despite calls from the industry’s key representative bodies for tax reform, an increased focus on infrastructure, and measures to fund mineral exploration.
Full Story...
Hillgrove pounces on InterMet
(Tuesday, 13 May 2008)
MERGER and acquisition activity is trickling down to the junior end, with copper hopeful Hillgrove Resources launching a takeover play for fellow South Australia-focused junior InterMet Resources.
Full Story...
Indos, Indians unite in $700m steel-nickel venture
(Tuesday, 13 May 2008)
INDONESIAN miner PT Antam will team up with Indian steel group Jindal Stainless to establish a $US700 million nickel smelting and steel processing facility on the Indonesian island of Sulawesi.
Full Story...
Look beyond the obvious: Recruiter
(Tuesday, 13 May 2008)
RECRUITING in the mining sector could be as easy as having a MySpace page to attract school leavers or working with local schools to attract mothers for work during school hours, mining leaders were told at a conference this week.
Full Story...
Anvil slumps on quarterly income dip
(Tuesday, 13 May 2008)
COPPER and silver producer Anvil Mining’s stock dipped more than 11% in early morning trade, on a 1.4% quarter-on-quarter slip in net income to $US21.4 million ($A22.6 million) for the March quarter.
Full Story...
2008 the year of the hunt: Ernst & Young
(Tuesday, 13 May 2008)
THREE $US50 billion-plus mining deals may be on the cards before the end of 2008 as consolidation in the mining sector not only continues but could accelerate in the short to medium term, according to a new Ernst & Young global report.
Full Story...
Vulcan intersects multiple commodities at Kuhmo
(Tuesday, 13 May 2008)
EMERGING base metals developer Vulcan Resources has intersected multiple high-grade metals at the Hietaharju prospect, part of Vulcan’s 95%-owned Kuhmo nickel project in eastern Finland.
Full Story...
Reedy gets ready with drill results
(Tuesday, 13 May 2008)
WITH gold grades of up to 10.8 grams per tonne, Beadell Resources has described the latest results from the Reedy Creek project, north of Melbourne, as “extremely encouraging”.
Full Story...
Western Metals gains on Parys details
(Tuesday, 13 May 2008)
WESTERN Metals has released a historical resource estimate for its newly-acquired Parys Mountain copper-lead-zinc project in North Wales.
Full Story...
Phu Kham to produce 30,000tpa in 2008
(Tuesday, 13 May 2008)
PAN Australian’s Phu Kham copper-gold mine in Laos was officially opened last Friday, with the mine slated to produce 30,000 tonnes of copper by the end of year.
Full Story...
SENIOR EXPLORATION GEOLOGIST – Townsville
(Tuesday, 13 May 2008)
Minimal Travel – Project Close to Base
Unrivalled Career Development Offerings
Massive Budget & Resources
Multinational Miner with Junior Company Culture
Call ALEX BEUTLER +61 (0)7 3013 9504
Full Story...
Ord man river
(Tuesday, 13 May 2008)
ORD River Resources is cooperating with its strategic partner with a view to becoming a regional explorer.
By Lou Caruana – RESOURCESTOCKS*
Full Story...
Monday, 12 May 2008
Lacklustre session on eve of budget
(Monday, 12 May 2008)
BUDGET eve saw cautious gains for the resources camp today. While prices on the London Metal Exchange looked grim, business confidence recorded new lows and talk of major banking mergers left some sectors nervous, most companies occupying the larger end of the resources market closed the day in positive territory.
Full Story...
Small companies post big percentage gains
(Monday, 12 May 2008)
THERE was an air of caution in today’s market with most movement of the modest variety. However some resource stocks came out to play, with a number of smaller companies posting impressive percentage gains.
Full Story...
Weld Range resource jumps 12%: Midwest
(Monday, 12 May 2008)
IRON ore play Midwest Corporation has reported a 12% boost in the total mineral resource estimate at its flagship Weld Range project in Western Australia’s Mid West region.
Full Story...
New target boosts Warwick
(Monday, 12 May 2008)
SHARES in Warwick Resources jumped as much as 22% today on news of the largest iron ore target to date identified at the company’s Woggaginna project in Western Australia’s Pilbara region.
Full Story...
TECHNICAL SERVICES SUPERINTENDENT
(Monday, 12 May 2008)
Full Story...
SENIOR MINE PLANNING ENGINEER
(Monday, 12 May 2008)
Full Story...
Dryblower on mega-merger time
(Monday, 12 May 2008)
BHP Billiton is doggedly pursuing Rio Tinto. Vale is thinking about a second crack at Xstrata, and Rusal wants to merge with Norilsk. Three possible deals that are enough to convince
Dryblower
that big changes are underway, and that the mining world is in danger of becoming more like the oil world.
Full Story...
PNG landowners get behind Panguna
(Monday, 12 May 2008)
LOCAL groups in Papua New Guinea have called for Bougainville Copper to return to the island after the reopening of the massive Panguna copper mine was mooted for the first time in two decades.
Full Story...
Didipio project costs double
(Monday, 12 May 2008)
OCEANAGOLD has slapped a revised $US320 million ($A340 million) price tag on its Didipio gold-copper project in the Philippines, more than doubling its previous capital cost estimate of $155 million.
Full Story...
Zinifex shareholders getting a good deal: expert
(Monday, 12 May 2008)
AN INDEPENDENT expert has found the planned Oxiana and Zinifex merger is fair to Zinifex shareholders, despite “considerable uncertainty” about both companies’ future valuations given the current market and commodity price volatility.
Full Story...
Base, bulks or precious? Which commodity sector will stay hottest for longest?
Exclusively for Premium Subscribers
(Monday, 12 May 2008)
MININGNEWS.NET
last week referred to phosphate rock as the commodity du jour – or commodity of the day for those as unskilled in the language of love as I am. So the most obvious question that stems from this statement is to identify the commodities du demain. That is, which elements have prices that will still love you tomorrow.
Allan Trench
takes his best shot at an answer – bulk commodities. Do you agree?
Full Story...
Sino Gold under attack from Chinese
(Monday, 12 May 2008)
A STATE-owned Chinese television station has lashed out at Australian mining company Sino Gold over its Jinfeng mine, China’s second-largest gold mine, according to reports.
Full Story...
Rio launches live-in research
Exclusively for Premium Subscribers
(Monday, 12 May 2008)
EMPLOYERS facing a shortage of skilled staff in the Mackay region are facing another challenge, encouraging people who relocate to stay long term.
Alex Forrest reports
Full Story...
FerrAus adds to war chest for Pilbara work
(Monday, 12 May 2008)
IRON ore hopeful FerrAus has raised $A7.8 million via a share placement to fund exploration in the Pilbara, a week after a major Chinese mining company took a 10% stake in the Adelaide-based play.
Full Story...
Mount Lindsay shows more magnetite
(Monday, 12 May 2008)
NEW assay results have strengthened the iron ore potential of Venture Minerals’ flagship Mount Lindsay magnetite-tin project in North West Tasmania with grades of up to 42.9% magnetite iron.
Full Story...
Higginsville plant kicks off
(Monday, 12 May 2008)
AVOCA Resources has begun commissioning of its Higginsville treatment plant in Western Australia’s goldfields region.
Full Story...
Crescent pays out loans to mine new areas
(Monday, 12 May 2008)
CRESCENT Gold has paid out a $A21.5 million project loan facility, leaving the company with the freedom to mine and process ore that was not part of its previous mine plan.
Full Story...
Gryphon to accelerate exploration at Banfora
(Monday, 12 May 2008)
GRYPHON Minerals has boosted its coffers to the tune of $A10 million to accelerate exploration at its Banfora gold project in Burkina Faso, West Africa.
Full Story...
Universal to bag new uranium tenements
(Monday, 12 May 2008)
UNIVERSAL Resources has bolstered its Queensland uranium potential with plans to acquire a new Mt Isa-area tenement from mining major Newcrest, for an undisclosed sum.
Full Story...
Managing Director
(Monday, 12 May 2008)
An ASX listed base metals producer and explorer
100% ownership of its current producing mine and main tenements
Additional base and precious metals exploration projects with prospects and plans for production
Full Story...
NT focus for gold explorer
(Monday, 12 May 2008)
THE Northern Territory’s modern era gold potential is being significantly enhanced by the on-the-ground exploration and drilling impetus of Adelaide-based and ASX-listed Australasia Gold.
By Imelda Cotton – RESOURCESTOCKS*
Full Story...
Friday, 9 May 2008
Coates teams up with Minara
(Friday, 9 May 2008)
MINARA Resources, Australia’s second-largest nickel producer, has appointed Xstrata Australia chair Peter Coates as its new chairman.
Full Story...
South Boulder Mines ‘disrespectful’: indigenous group
(Friday, 9 May 2008)
ASPIRING potash miner South Boulder Mines has come under fire from an organisation representing a group of indigenous landowners, over statements it made in relation to a recently signed exploration access agreement.
Full Story...
Resources help lift market again
(Friday, 9 May 2008)
EQUITIES are starting to emerge from the rubble of the sub-prime crisis and the resultant credit crunch, with some hardy souls even venturing to suggest the market has bottomed out.
Full Story...
Nickel down below key marker
(Friday, 9 May 2008)
AFTER spot nickel posted a 3.5% fall on the London Metal Exchange, below the $US28,000 per tonne trend line to $27,275/t, most nickel plays on the Australian Securities Exchange did the same. Western Areas, meanwhile, continues to buck the trend, rising to a new all-time high closing price of $10.45.
Full Story...
Gleneagle sets sights on Mozambique tenements
(Friday, 9 May 2008)
GLENEAGLE Gold has moved closer to bagging six exploration tenements in Mozambique.
Full Story...
2007 a golden year for silver
(Friday, 9 May 2008)
SILVER posted a solid performance in 2007 with the annual price for the white metal averaging $US13.38 an ounce – a 16% rise on 2006 – thanks to strong investor and industrial applications demand, according to a report by the Silver Institute and Gold Fields Mineral Services.
Full Story...
Diatreme fast-tracks potentially lucrative heavy minerals project
(Friday, 9 May 2008)
BRISBANE-based explorer Diatreme Resources is bullish about its heavy mineral sands projects in the Eucla Basin with a 73,500m air core drilling program due to start soon.
Full Story...
Chinese Republic
(Friday, 9 May 2008)
CLEARLY China is the new black. Anyone who’s anyone these days in the resources arena is either doing business or making plans to do business with the Chinese, so news of Republic Gold’s recent jaunt to the Asian nation should come as little surprise.
Full Story...
Dispute with Portman over as Polaris gets Bungalbin rights
(Friday, 9 May 2008)
THE dispute between Polaris Metals and Portman over the Bungalbin tenements has finally been settled, with Polaris assuming rights over three iron ore tenements in Western Australia.
Full Story...
WA’s key business still needs more support: CME, AMEC, CCI
(Friday, 9 May 2008)
WESTERN Australia’s mining and business representative bodies have welcomed some measures in the 2008 State Budget but underlying this was the message that both state and federal governments must do more to support Australia’s key industry.
Full Story...
Chirundi viable at 1.3Mlb production a year
(Friday, 9 May 2008)
HOT on the heels of yesterday’s upgraded resource figures, Albidon and its joint venture partner African Energy Resources have released the details of a pre-feasibility study into the Chirundi uranium project in Zambia.
Full Story...
Kalkaroo copper buoys Havilah
(Friday, 9 May 2008)
DIVERSIFIED metals explorer Havilah Resources has beefed up its copper credentials – and its share price – with further infill drilling results from the Kalkaroo project in South Australia.
Full Story...
Austin bolsters Bowen capacity
Exclusively for Premium Subscribers
(Friday, 9 May 2008)
A MAJOR aftermarket dump truck body supplier this week used the BBY Mining Conference in Sydney to herald the recent $A4 million expansion of its Mackay workshop – one of numerous capacity upgrades it has carried out in a bid to meet the needs of a constantly expanding client base.
Alex Forrest reports
Full Story...
Miner-backed vaccine trial ready to go
Exclusively for Premium Subscribers
(Friday, 9 May 2008)
A BIOPHARMACEUTICALS company backed by the mining industry is waiting for the green light to proceed with a trial for an HIV/AIDS therapeutic vaccine in Southern Africa.
By Kellie Guest
Full Story...
Maximus soars on Canegrass target
(Friday, 9 May 2008)
SHARES in junior explorer Maximus Resources have shot up to an intraday high of A27.5c in morning trade on news of an exploration target of between 1.7 and 3 billion tonnes of iron ore discovered at its wholly-owned Canegrass iron ore-vanadium project near Windimurra in Western Australia.
Full Story...
Challenge and opportunity: Mining in Mozambique
Exclusively for Premium Subscribers
(Friday, 9 May 2008)
WITH massive social challenges including widespread poverty and unrest, mining in Mozambique is unlikely to be everyone’s cup of tea. However a handful of Australian and other international mining companies are answering the Mozambican Government’s call for increased foreign investment activity.
By Charlotte Dudley
Full Story...
Midwest nominates Yilgarn for port on deadline
(Friday, 9 May 2008)
MIDWEST Corporation has finally made an 11th hour nomination of Yilgarn Infrastructure for the Oakajee port tender.
Full Story...
Baal Gammon gets green light
(Friday, 9 May 2008)
NORTH Queensland Metals has given its Baal Gammon copper-tin-silver-indium project in far north Queensland the thumbs up after a mine feasibility study confirmed the project was robust.
Full Story...
WA bucks downward labour demand trend
(Friday, 9 May 2008)
DESPITE evidence of a softening labour market, new employment figures show mining boom state Western Australia is leading the demand for jobs growth, with a 2.7% increase in job ads for the month of April.
Full Story...
Image hones its heavy mineral booty
(Friday, 9 May 2008)
MINERAL explorer Image Resources has announced a maiden heavy mineral resource of more than 260 million tonnes at 87% heavy mineral content.
Full Story...
General Manager Exploration and Project Development
(Friday, 9 May 2008)
Leading International Uranium Explorer
Perth office location
Attractive package with options
Full Story...
Citadel strengthens Saudi resource
(Friday, 9 May 2008)
CITADEL Resources has raised its profile as well as the resource at its Jabal Sayid copper-gold project in Saudi Arabia.
By Wally Graham – RESOURCESTOCKS*
Full Story...
Thursday, 8 May 2008
Pilbara benefits from budget
(Thursday, 8 May 2008)
THE Western Australian resources sector received some welcome news in the Carpenter Government’s 2008-09 budget, especially for those miners operating in the iron ore-rich Pilbara region.
Full Story...
Fertile ground for phosphate hopefuls
(Thursday, 8 May 2008)
AFTER a bruising start to the session, the market slowly clawed back some ground but miners were left at rather a loss. Livening up the day, however, was some exciting phosphate action.
Full Story...
Another mixed session for yellowcake plays
(Thursday, 8 May 2008)
THIS year has not been kind to uranium stocks, and today was no exception. A broker’s report from Goldman Sachs JBWere today said the metal is due to dip and perceptions of a shortfall in the future may be wrong, but another analyst from Merrill Lynch pointed out the uranium upside. Either way, uranium stocks followed the market with an ordinary to average session, with one or two performers.
Full Story...
Chirundu JV partners buoyed by resource increase
(Thursday, 8 May 2008)
JOINT venture partners in the Chirundu project, Albidon and African Energy Resources, have reported a partial conversion of inferred resources to indicated status at the Njame and Gwabe uranium deposits which has increased total uranium resources at the Zambian project by 5%.
Full Story...
Yilgarn waits as deadline looms
(Thursday, 8 May 2008)
WITH one day left until the deadline, Yilgarn Infrastructure has yet to receive its Oakajee Port nomination from iron ore miner Midwest Corporation.
Full Story...
Phosphate news puts a rocket under Uramet
(Thursday, 8 May 2008)
SHARES in junior explorer Uramet have soared by 250% on news that it has found phosphate rock samples of up to 32% at its tenements in the Georgina Basin in the Northern Territory and Queensland.
Full Story...
Canberra, step up to the plate
Exclusively for Premium Subscribers
(Thursday, 8 May 2008)
JUST how much of Australia’s mineral wealth is China going to end up owning? Keeping it for Australia’s future might be something for Canberra to think about.
The Outcrop
by
Robin Bromby
Full Story...
GME has 200 suppliers locked in
(Thursday, 8 May 2008)
DESPITE it being almost six months away, the 2008 Goldfields Mining Expo has already signed up more than 200 exhibitors.
Full Story...
‘Growth opportunities’ as Zinifex snaffles Jinchuan’s Allegiance stake
(Thursday, 8 May 2008)
WITH news that Chinese nickel producer Jinchuan Group has agreed to release its 10.4% stake in Allegiance Mining, Zinifex is now poised to take full control of Allegiance.
Full Story...
BHP talks up petroleum as next takeover step looms
(Thursday, 8 May 2008)
BHP Billiton’s petroleum division is anything but a liability, according to company chief executive Marius Kloppers. Rather, oil and gas is a key platform for the company’s future growth as it moves to formalise the offer for Rio Tinto with a submission to European regulators.
Full Story...
Haoning Group takes stake in Jupiter
(Thursday, 8 May 2008)
IRON ore and metallurgical company Haoning Group has become the latest Chinese group to adopt the strategy of seizing shareholdings in Australian iron ore plays after securing a 9.55% stake in Jupiter Mines.
Full Story...
Intec in the pink
(Thursday, 8 May 2008)
MINERAL processing technology group Intec has become the sixth Australian company to join the United States-based OTCQX market.
Full Story...
Topical purchase
(Thursday, 8 May 2008)
MAJOR Western Australian resources and remote site catering company Topic Caterers has been acquired by ISS Facility Services for an undisclosed sum.
Full Story...
Capital Watch: Platina, Windy Knob, Polaris, Central Asia
(Thursday, 8 May 2008)
PLATINA Resources
is looking to raise up to $A3.3 million via a renounceable rights issue to help fund pre-feasibility studies on the Skaergaard platinum group metals project in East Greenland.
Full Story...