Thursday, 2 February 2012

Training opportunities in Pilbara (Thursday, 2 February 2012) INDIGENOUS Australians in Western Australia’s Pilbara should have greater access to jobs in the resource sector through a training program set up in the region. Full Story... Red metal stocks rebound (Thursday, 2 February 2012) THE bulk of copper stocks on the Final Call watchlist did well on the Australian Securities Exchange after the red metal’s price gained almost 1.5% to $US8440 per tonne on the London Metal Exchange in overnight trading. Full Story... Back in black (Thursday, 2 February 2012) LOCAL stocks snapped a three-day losing streak in today’s session on the back of better-than-expected trade data and positive overseas leads, with resource stocks leading the charge into green territory. Full Story... Rinehart tops rich list (Thursday, 2 February 2012) MINING magnate Gina Rinehart has headed Forbes magazine’s latest Australian rich list, also taking the title of the Asia-Pacific region’s richest woman. Full Story... Quarterly Briefs: Straits, Exco and more (Thursday, 2 February 2012) GOLD production results for Exco and Polymetals, Vantage, Mintails and Castlemaine, copper and gold for Straits and platinum numbers for Sylvania in Quarterly Briefs. Full Story... WA govt to fix port management (Thursday, 2 February 2012) THE Western Australian government will merge seven of the state’s eight port authorities into four in a move to improve efficiency and cut red tape. Full Story... BC Iron has a new major shareholder (Thursday, 2 February 2012) PILBARA iron ore miner BC Iron has a new investor after China’s Henghou Industries (Hong Kong) snaffled up a 6.68% stake in the group to become its fourth largest shareholder. Full Story... Plimer joins Rinehart (Thursday, 2 February 2012) ONE of Australia’s most well-known climate change sceptics has reportedly been appointed to the boards of Gina Rinehart’s Roy Hill Holdings and Queensland Coal Investments. Full Story... Apex seeks more funds (Thursday, 2 February 2012) CASH-strapped gold miner Apex Minerals has suspended trading in its shares today pending the release of details of a planned capital raising after revealing high cash costs and a fall in tonnes mined and grade for the December quarter at its Wiluna site. Full Story... Mining Briefs: Cashmere, Beacon, Bligh and more (Thursday, 2 February 2012) A PORT access deal for Cashmere, a final sale deal for Beacon, proposed acquisitions for Bligh and Leopard Resources, a discovery for East Coast, finalisation of an earn-in for Octagonal and drilling news for Papillon are the highlights of Mining Briefs. Full Story... Shape of things to come (Thursday, 2 February 2012) WITH a new year dawning, Michael Pascoe ventures warily into the attic to blow the dust off an old family tome and find out what 2012 holds in store. Full Story... But what about the debt? Exclusively for Premium Subscribers (Thursday, 2 February 2012) EUROPE is stabilising, China is resurgent and America is in recovery mode. Great for the metals outlook, right? Sure – so long as you forget about the debt. The Outcrop by Robin Bromby. Full Story... Yara TAN plan nearer (Thursday, 2 February 2012) A PLAN to add a technical ammonium nitrate plant to an existing ammonia fertiliser factory in Western Australia’s Pilbara region has moved a step closer. Full Story... Wilcherry Hill offtake deal locked in (Thursday, 2 February 2012) EMERGING iron ore producer IronClad Mining has secured an offtake agreement with a Hong Kong-based customer for its Wilcherry Hill project in South Australia. Full Story... Rio accepts Kalahari offer (Thursday, 2 February 2012) RIO Tinto has accepted a Chinese takeover offer for its 11.1% stake in London’s Kalahari Minerals but will retain its 14.2% stake in Extract Resources for now. Full Story... BHP green-lights $856M port funding (Thursday, 2 February 2012) MINING goliath BHP Billiton has given the go-ahead to $US917 million ($A856 million) in pre-commitment funding for the development of a 100 million tonne per year outer harbour facility at Port Hedland in Western Australia. Full Story... Malaysian approval ignites Lynas shares (Thursday, 2 February 2012) RARE earths miner Lynas Corporation has been given the all clear from Malaysia’s Atomic Energy Licensing Board, receiving a two-year temporary operating licence for its rare earths plant and agreeing to pay a $US50 million ($A46 million) financial guarantee to the government. Full Story... BHP exits titanium minerals (Thursday, 2 February 2012) BHP Billiton will divest its 37% interest in Richards Bays Minerals to Rio Tinto, marking the company’s exit from the titanium minerals industry. Full Story... All that glitters is not necessarily gold (Thursday, 2 February 2012) SILVER Mines is targeting an annual three million ounces-plus from its Webbs silver project in northern New South Wales. By Mark Mentiplay - RESOURCESTOCKS* Full Story... Manufacturing leads the way (Thursday, 2 February 2012) THE Australian market is tipped to open higher today following strong manufacturing leads from the US and Europe overnight. Full Story...

Wednesday, 1 February 2012

Moore calls it quits (Wednesday, 1 February 2012) WESTERN Australian Mines and Petroleum Minister Norman Moore will retire from state parliament in May next year after deciding to not seek pre-selection for the next state election. Full Story... Gina wins more time (Wednesday, 1 February 2012) GINA Rinehart has once again succeeded in extending the time by one month to keep details of her family trust battle secret. Full Story... Principal Project Generation Geologist (Wednesday, 1 February 2012) Asia/Pacific Focus East Coast Australia Base With Regional Travel Newly Created, Critical Role. Full Story... Murchison warns shareholders of ATO delay (Wednesday, 1 February 2012) MURCHISON Metals says it may take up to six months before shareholders receive cash from the $A325 million sale of its stake in the seriously ill Oakajee port and rail project and Jack Hills mine in Western Australia’s Mid West. Full Story... Chinese activity fails to lift market (Wednesday, 1 February 2012) A SURPRISE escalation in Chinese manufacturing activity has provided some optimism but failed to lift the local market which remained in the red, driven by the performance of the miners. Full Story... BHP the latest casualty of low prices and strong dollar (Wednesday, 1 February 2012) BHP Billiton’s nickel division could be cutting its workforce by up to 155 personnel to combat lower nickel prices and the impacts of the strong Australian dollar. Full Story... Executive Outcomes: Ironbark, Volta and more (Wednesday, 1 February 2012) FORMER Jabiru Metals managing director Gary Comb has joined the board of Ironbark Zinc as a non-executive director. Full Story... Kula hits 2Moz (Wednesday, 1 February 2012) KULA Gold has hit the 2 million ounces of gold mark for its Woodlark Island project in Papua New Guinea after drilling the new Kulumadau East discovery in late 2011. Full Story... Cohiba keeps head above water (Wednesday, 1 February 2012) PERTH-based Cohiba Minerals has debuted on the Australian Securities Exchange at a 10% premium to its A20c issue price. Full Story... Gold holds its own (Wednesday, 1 February 2012) GOLD has managed to hold onto gains since the start of the week when the US Federal Reserve announced it would keep interest rates near zero through 2014. At 4.15pm (AEDT) the spot price of the precious metal was $US1737.85 an ounce. Full Story... IMX puts up $20M to give Chinese partner breathing space (Wednesday, 1 February 2012) IRON ore miner IMX Resources and its Chinese joint venture partner and biggest shareholder seem to have buried the hatchet after IMX agreed to provide a $A20 million short-term loan, secured against its Cairn Hill magnetite asset in South Australia, to the JV. Full Story... Long beats production target (Wednesday, 1 February 2012) KAMBALDA nickel miner Independence Group continues its steady production performance from its flagship Long underground mine with production exceeding budget for the December quarter. Full Story... Mining Briefs: Cerro, Alkane and more (Wednesday, 1 February 2012) SOME drilling results for Doray and Alkane, project progress on two fronts for Cerro and a partner update for Uranex made Mining Briefs today. Full Story... Higher costs hit Metals X (Wednesday, 1 February 2012) LOWER mined grades and production from the Renison tin project have impacted on Metals X’s cash operating costs for the December quarter resulting in the cash operating margin from the project taking a dive. Full Story... Zambian project gets a boost (Wednesday, 1 February 2012) A FRESH resource on Luiri Gold’s namesake project in Zambia has the company regarding early development opportunities. Full Story... Real simulated growth Exclusively for Premium Subscribers (Wednesday, 1 February 2012) BROADER service offerings are the order of the day for the world’s mining equipment training simulator makers. Full Story... Capital Watch: Rico, Mindoro and more (Wednesday, 1 February 2012) IRON ore producer Rico Resources is seeking to raise up to $A5.5 million to fund development at the Wonmunna iron ore project in the Pilbara and to conduct a formal strategic review to help advance the project. Full Story... Finns fly in Exclusively for Premium Subscribers (Wednesday, 1 February 2012) WHY has a Finnish delegation come to Australia to enquire about mining technology, given their fine pedigree in this area? Supply Side’s Noel Dyson endeavours to find out. Full Story... Troubles continue for Aditya (Wednesday, 1 February 2012) TECHNICAL issues in underground development at Nifty in Western Australia and an “underperforming” mining contractor and supply challenges at Mount Gordon in Queensland continue to plague Indian-owned copper miner Aditya Birla Minerals. Full Story... Wet weather hits ERA’s bottom line (Wednesday, 1 February 2012) EMBATTLED uranium producer Energy Resources of Australia has delivered a net loss after tax for the 2011 calendar year of $A154 million after its Northern Territory operations were suspended due to a worse than usual wet season. Full Story... UK investors keen on Cape Lambert (Wednesday, 1 February 2012) UK INSTITUTIONS have snapped up a 9.4% stake in Tony Sage’s Cape Lambert Resources for $A36.4 million, in a deal facilitated by the company. Full Story... Teranga looks to better year (Wednesday, 1 February 2012) TORONTO-based and dual-listed gold miner Teranga Corporation is hoping to put a troubled quarter behind it as it looks to ramp up production and reduce costs following a mill upgrade from its Sabodala operation in Senegal. Full Story... Panoramic ups guidance (Wednesday, 1 February 2012) NICKEL play Panoramic Resources has revised its full year production target after reporting a quarter-on-quarter boost in production and reduced cash costs for the December quarter. Full Story... Tanami investigates high-grade Groundrush option (Wednesday, 1 February 2012) GOLD producer Tanami Gold expects to complete a prefeasibility study on its Central Tanami project in the Northern Territory this month which will assess a potential small cutback of the exciting Groundrush deposit to access higher grade ore. Full Story... Vale halts Sudbury after death (Wednesday, 1 February 2012) VALE has temporarily suspended its nickel operations in Canada’s Sudbury Basin after a worker was killed on Sunday. Full Story... Coal up, copper down for Xstrata (Wednesday, 1 February 2012) SWISS mining giant Xstrata has reported record annual production from its Australian thermal coal operations, with output rising 12% to 49.8 million tonnes, while copper production was down. Full Story... Stocks to go either way (Wednesday, 1 February 2012) AUSTRALIAN stocks could go either way at the opening bell on the back of news that US stocks stalled overnight and of possible solutions to the eurozone debt crisis. Full Story...

Tuesday, 31 January 2012

Galaxy meets goal (Tuesday, 31 January 2012) LITHIUM producer Galaxy Resources has met its expectations for the December quarter, mining 210,499 tonnes of ore at its Mt Cattlin operation near Ravensthorpe. Full Story... Market fades (Tuesday, 31 January 2012) GROWTH in Japan and the glimmer of progress on Greece’s debt-swap talks did little to help the local market claw back earlier losses. Full Story... Nickel the biggest loser (Tuesday, 31 January 2012) NICKEL led the falls for base metals on the London Metal Exchange overnight, with its price for three-month delivery down 1.82% or $US395 to $21,305 a tonne. It was a mixed result when it came to the share price performance of companies on the Final Call watchlist. Full Story... Dragon continues underground transition (Tuesday, 31 January 2012) NORDIC gold miner Dragon Mining expects to produce 63,000 ounces from its operations this calendar year as it transitions into underground mining at its Svartliden mine in Sweden and ramps up volumes at its Vammala production centre in Finland. Full Story... Xstrata expands NT mine (Tuesday, 31 January 2012) MCARTHUR River Mining has submitted a draft environmental impact statement to the Northern Territory Government as part of a $A270 million expansion of its zinc mine. Full Story... Deal moves Cortona closer to development (Tuesday, 31 January 2012) ANOTHER obstacle has been cleared for Cortona Resources when it comes to the development of its $A42 million Dargues Reef gold mine in New South Wales but the final decision rests on an outcome next week by the Land and Environment Court. Full Story... Mining Briefs: Poseidon, Central Asia and more (Tuesday, 31 January 2012) A POTENTIAL orebody for Poseidon, exploration updates for Central Asia and Beadell and a joint venture for Crucible are the Mining Briefs highlights. Full Story... Ivanhoe steps up partner search (Tuesday, 31 January 2012) IVANHOE Australia has appointed UBS Investment Bank to assist it with finding a suitable partner for its Cloncurry projects. Full Story... Focus costs creep up (Tuesday, 31 January 2012) FOCUS Minerals’ December quarter production was in line with the previous quarter, though costs at its two Western Australian gold mines were above $A1000 an ounce. Full Story... Ramp-up continues at Lake Johnston (Tuesday, 31 January 2012) NORILSK Nickel’s restarted Lake Johnston mine in Western Australia is continuing its ramp-up but has fallen behind targets set by the Russian company. Full Story... Mining CEOs on the move Exclusively for Premium Subscribers (Tuesday, 31 January 2012) THE game of musical chairs for Western Australia’s mining chief executive officers continues apace. Dealing with increased Chinese influence and finding sensible acquisitions are just some of the challenges faced by the new blokes. The Metal Detective By Stephen Bell Full Story... Ampella tackles metallurgy enigma (Tuesday, 31 January 2012) QUESTIONS as to why Ampella Mining’s stocks were hit hard yesterday after releasing metallurgical results from its 3.1 million ounce Konkera resource at its Batie West property in Burkina Faso came back to perceptions and an overall base case recovery rate of 84%. Full Story... China First suing QRN for $8B (Tuesday, 31 January 2012) CLIVE Palmer’s China First has launched an $A8 billion lawsuit against QR National and QR Limited for competing with its plans to build a 500km coal carrying railway. Full Story... Strong quarter for Kingsgate (Tuesday, 31 January 2012) DECEMBER was a stellar quarter for gold producer Kingsgate Consolidated with production jumping 62% and costs dropping 25%. Full Story... Chinese export rules challenged (Tuesday, 31 January 2012) THE World Trade Organisation has ruled China must amend its export taxes and quotas for nine minerals due to breaches. Full Story... Endeavour hits post-merger target (Tuesday, 31 January 2012) THE new-look Endeavour Mining Corporation has exceeded its full-year production target from its two west African gold operations and has set its sights on production of 170,000-190,000 ounces of gold this year. Full Story... CGA puts milling issues behind it (Tuesday, 31 January 2012) MILLING issues are now but a distant memory for Philippine gold miner CGA Mining after it recorded higher production and lower costs from its flagship Masbate gold operation in the latest quarter. Full Story... Their guess is as good as any Exclusively for Premium Subscribers (Tuesday, 31 January 2012) MINING executives are optimists by nature but their gold price predictions are still worth noting, says Ian Campbell. Full Story... Broker downgrades Alacer, questions Higginsville targets (Tuesday, 31 January 2012) SHARES in Alacer Gold have taken a hit, dropping by nearly $A2 to close last Friday on $8.87, with Goldman Sachs one of the first broking houses to downgrade its 12-month price target on the back of the continued underperformance of Alacer’s Western Australian assets. Full Story... A bumper year (Tuesday, 31 January 2012) IRON ore producer Moly Mines has churned out 1 million tonnes of ore at its Spinifex Ridge iron ore project, exceeding budget expectations for 2011. Full Story... Medusa in development mode (Tuesday, 31 January 2012) MEDUSA Mining’s flagship Co-O gold mine in the Philippines is operating in development mode as the company focuses on the $US70 million ($A217.2 million) phase three expansion to 200,000 ounces of gold per annum. Full Story... Project Director (Tuesday, 31 January 2012) Overseas Opportunity Full Story... Shares to fall (Tuesday, 31 January 2012) AUSTRALIAN stocks are tipped to flatten this morning on the back of disappointing economic data out of the US and ongoing debate in Europe over Greece. Full Story...

Monday, 30 January 2012

Ferro takes a weathered hit (Monday, 30 January 2012) IRON ore producer South American Ferro Metals has posted a 13% dip in production at its Ponto Verde project in Brazil due to fallout from heavy rains in the region. Full Story... BUSINESS DEVELOPMENT MANAGER Perth (Monday, 30 January 2012) Lycopodium Minerals is one of Australia’s most innovative engineering, procurement and construction management groups in the minerals industry. To assist us in the continued growth and diversification of our business, an exciting opportunity exists for an experienced individual to join our Perth based team. Full Story... Argonaut turns on SA (Monday, 30 January 2012) WHILE the South Australian government is seeking High Court relief for Argonaut Resources, the explorer reckons there is a far easier way to solve the problem. Full Story... Monadelphous expands order book (Monday, 30 January 2012) ENGINEERING firm Monadelphous has won water and transmission pipeline contracts in Western Australia worth a combined $A180 million. Full Story... Molyhil resource boosted by 25% (Monday, 30 January 2012) THOR Mining is updating the mine plan and has upgraded the resource at its Molyhil tungsten and molybdenum project in the Northern Territory. Full Story... Global worries drag down market (Monday, 30 January 2012) GLOBAL concerns have been at the front of investors’ minds today with stocks retreating on the back of disappointing news from the US late last week and despite a glimmer of optimism that Greece is closer to agreeing to a bailout deal. Full Story... Chinese whispers weigh down copper (Monday, 30 January 2012) COPPER has continued its downward spiral for the second day on concerns that demand in China, the world’s largest consumer, may weaken after recent price gains. The price of the metal for three-month delivery was down $US70.75 in afternoon trade in Singapore to $8454.25 a tonne. Full Story... Arc loses Indonesian rights (Monday, 30 January 2012) JUNIOR gold explorer Arc Exploration has had the exploration licence for its embattled project on the Indonesian island of Sumbawa revoked. Full Story... Casposo continues to deliver for Troy (Monday, 30 January 2012) GOLD miner Troy Resources is on track to release a new production schedule and mining reserve in the June quarter at its Casposo operation in Argentina as it taps into high-grade underground ore by early next year. Full Story... Maiden cobalt resource for Dragon (Monday, 30 January 2012) JUNIOR gold producer Dragon Mining can add cobalt to its inventory at the Juomasuo deposit in Finland with the announcement of a maiden resource. Full Story... Mining Briefs: Australian Bauxite, Papillon and more (Monday, 30 January 2012) IN A jam-packed Mining Briefs today, the highlights are drilling updates from Vital, Papillon, Globe, Frontier, Australian Bauxite, Hot Chili and Thundelarra, as well as a maiden resource for Malachite and an AIM delisting for Discovery. Full Story... Smooth quarter for Regis (Monday, 30 January 2012) REGIS Resources has reported another solid quarter of production from its Moolart Well gold mine, while its second Western Australian mine remains on track for first output later this year. Full Story... Safety rule fears at Pike River delay sale (Monday, 30 January 2012) CONCERNS the Pike River mine in New Zealand could be hit with renewed safety regulations following an inquiry into the deaths of 29 men has given buyers cold feet. Full Story... Berkeley takes Salamanca to the next stage (Monday, 30 January 2012) WITH capital numbers of 62.5 million euros ($A77.84 million) and a further €83.7 million to be invested over 10 years from its initial Salamanca uranium development in Spain, Berkeley Resources continues to progress the project. Full Story... Dryblower sifts the copper/gold paradox and finds a false signal (Monday, 30 January 2012) CAN the price of copper and the price of gold rise at the same time? The answer is yes because that’s what has been happening since the start of the year, though it’s not something Dryblower reckons can continue. Full Story... Top 10 mining sector predictions for 2012 Exclusively for Premium Subscribers (Monday, 30 January 2012) ALLAN Trench pulls out the crystal ball and ventures some forward-looking statements on the minerals sector for the year ahead – with some statements no doubt more obvious than others. Full Story... Plant woes impact Tiger’s costs (Monday, 30 January 2012) A RELATIVE newcomer to the copper producers club, Tiger Resources has delivered first volumes from its Kipoi heavy media separation operations in the Democratic Republic of the Congo with the production of 5502 tonnes of copper in concentrate. Full Story... IPOs face tough times Exclusively for Premium Subscribers (Monday, 30 January 2012) DWINDLING numbers in the December quarter don’t bode well for initial public offerings this year, with fewer companies likely to make it to the board as capital markets tighten but the success of listing could be all about the prospectus, according to HLB Mann Judd. Full Story... Excelsior regards underground options (Monday, 30 January 2012) EXCELSIOR Gold is investigating underground and open pit options for its Zoroastrian deposit and has widened the feasibility study for its potential Kalgoorlie North project development. Full Story... Norton targets guidance of 150,000oz (Monday, 30 January 2012) RESERVES at Norton Gold Fields’ flagship Paddington operation in Western Australia have been maintained at one million ounces but the company is keen to grow its inventory and is set to spend $A37 million on its search efforts over the next two years. Full Story... Legacy gets funding boost (Monday, 30 January 2012) IRON ore and gold explorer Legacy Iron Ore plans to secure a $A200 million line of credit to expand its mine development and future acquisitions. Full Story... Iggy running out of puff (Monday, 30 January 2012) OPERATORS on Western Australia’s northwest coast will be breathing a little bit easier this morning as tropical cyclone Iggy weakened over the weekend. Full Story... Market support for ABM (Monday, 30 January 2012) JUNIOR gold explorer ABM Resources has raised $A15.12 million which will allow it to continue work on its projects in the Tanami Desert. Full Story... Tinkler’s Newcastle port ambitions thwarted (Monday, 30 January 2012) MINING magnate Nathan Tinkler has branded a decision by the New South Wales government to block his proposed $A2.5 billion coal port development at Newcastle as “socially irresponsible”. Full Story... Board, not Rio, to appoint management: Ivanhoe (Monday, 30 January 2012) IVANHOE Mines says it expects to retain a majority of independent directors and the board, not majority owner Rio Tinto, will be responsible for any senior management changes. Full Story... Senior Mine Geologist– FIFO 8/6 Perth (Monday, 30 January 2012) Opencut Gold Project Great Roster; Outstanding Lifestyle Respected & Expanding Mid-tier Miner Full Story... World first for Australian explorer (Monday, 30 January 2012) DESPITE a market ill-informed about the African country of Eritrea, an Australian company is pushing hard to bring its multi-million dollar Colluli open pit potash project into production. By Mark Mentiplay - RESOURCESTOCKS Full Story... Stocks backed to rise (Monday, 30 January 2012) AUSTRALIAN stocks are tipped to open higher this morning on the back of renewed optimism out of Greece. Full Story...

Friday, 27 January 2012

Global demand sends Caterpillar soaring (Friday, 27 January 2012) AS IT looks ahead to another year of growth in 2012, equipment producer Caterpillar said it closed the books on 2011 with record sales and profit for both the fourth quarter and the year amid higher demand. Full Story... Stocks close up (Friday, 27 January 2012) AUSSIE stocks closed the week higher, buoyed by positive news from the US and optimism regarding the Greek debt crisis. Full Story...

Click here to read today's news stories.

Click here to read our complete archive.