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No deal: Beadell forced to can Cracow plans


(4 July 2008)
BEADELL Resources’ plans to acquire the Cracow gold mine have died in the water, a victim of “prevailing market conditions”.  - more

Recruitment, education & training

Call to Govt to provide VET training


(4 July 2008)
INDUSTRY groups say that the mining sector’s strong commitment to training and education programs needs to be matched at state and federal government levels.  - more

Visa reforms bring added costs


WASM cuts classes at Kalgoorlie campus


Indigenous companies helping the boom along


  VIEW ALL STORIES on Recruitment, education & training


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The Metal Detective

Perilya and CBH: life after divorce

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Strictly Boardroom

Metals demand in Europe: go east

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Supply Side

Sandvik’s computer-controlled triple boomer

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Uranium: rethinking the rethink

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On Location

IMX approaching producer status

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Breaking News


BHP settles iron ore price with Baosteel



THE world’s largest miner BHP Billiton has announced that it has negotiated iron ore price increases with China’s Baosteel.  - more

Garnaut hands down draft carbon report



THE handing down of the draft Garnaut report into climate change today signals the beginning of serious efforts by Australia to curb carbon emissions, which has recommended a broad emissions trading scheme across industries.  - more

Back in black



THE local bourse got loose from the noose today, regaining ground after a week-long losing streak.  - more

Production ok but costs up: Minara



MINARA Resources has released its first post-Varanus production report and despite the interruption to its gas supply the nickel miner has managed to produce some 7268 tonnes of nickel in the three months to June, a drop of only 4.3% from the previous quarter.  - more

Capital Watch: Mawson West, Empire, Hazelwood, Silver Swan, Buka Gold, Galaxy, Cougar



DIVERSIFIED explorer Mawson West has boosted its coffers to the tune of $A7 million to fund ongoing drilling of the Kapulo project on the border of Zambia and the Democratic Republic of Congo.  - more

No deal: Beadell forced to can Cracow plans



BEADELL Resources’ plans to acquire the Cracow gold mine have died in the water, a victim of “prevailing market conditions”.  - more

Mining magnate to launch major new resource group



GOLD Coast billionaire Clive Palmer plans to create a major Australian diversified resources group and will list the new company on the Hong Kong and Australian stock exchanges later this year.   - more

Love in the time of a mining boom



ALMOST 300 people have signed up online for the chance to meet a mining man. Kellie Guest reports on the latest innovation in FIFO dating and the social effects of the long-distance lifestyle.  - more

Aussies safe from price slump



AUSTRALIAN coal producers' close ties to Asian customers and Australia’s proximity to the region will save it from a major slump in coal prices, according to industry observers, despite yesterday's drop in the Newcastle thermal coal spot price on the back of a 20% fall in spot prices in Europe.  - more

Offer for Midwest still best value: Murchison



MURCHISON Metals still says its merger with Midwest Corporation will deliver more value to shareholders than Sinosteel’s rival takeover bid – despite Murchison’s share price slipping from $A4.43 to below $3 since details of the merger plan were revealed.  - more

Conference puts spotlight on resource security



A FIVE-day geoscience conference will be held in Perth later this month and measures to combat oil and mineral shortages now and in the future will be a key issue under discussion.  - more

NAB: boom will continue to 2010 – for some



NATIONAL Australia Bank has predicted some resources – iron ore, copper and aluminium – will continue to command record prices until at least 2010.   - more

BHP overcomes US anti-trust hurdle



BHP Billiton has overcome an American anti-trust regulatory hurdle, further easing its takeover bid for Rio Tinto.  - more

Call to Govt to provide VET training



INDUSTRY groups say that the mining sector’s strong commitment to training and education programs needs to be matched at state and federal government levels.  - more

Red Hill rides high on iron



PERTH junior Red Hill Iron, which listed on the Australian Stock Exchange only in February, 2006, is successfully mixing it with the big boys as a significant partner in the latest multi-billion dollar iron ore project. By Charles Amery - RESOURCESTOCKS*   - more

Poseidon stays afloat on drilling hits



POSEIDON Nickel’s share price, like the rest of the resources sector, has had two difficult sessions but the company was still trading at a healthy $A1.125 this morning after releasing some solid nickel hits from the Denny Bore prospect.  - more

FMG goes with Rio’s iron price, no word on spin-off



FORTESCUE Metals Group is selling iron ore to customers at Rio Tinto’s contract prices but the miner is staying mum on media reports about a potential asset spin-off.  - more

Frontier seeking Kodu reparations, Australian Govt help



FRONTIER Resources says it will look at an out-of-court settlement with the PNG Government for not renewing its exploration licence over the Kodu deposit, but the company has appealed to the Australian Government for help over the issue of compensation.  - more

FIRB blocks Shougang investment



THE Foreign Investment Review Board has knocked back Chinese steel company Shougang Holding’s proposed $A4.5 million placement with Prosperity Resources.   - more

Empire signs deal with Apex to progress Yuinmery



PERTH-based Empire Resources has signed a memorandum of understanding with Apex Minerals over potential development of the Yuinmery copper-gold deposit.   - more

Market falls to lowest since 2006



THE Australian stock market today plunged to its lowest level in two years, dropping below 5000 points as the resource sector tumbled.  - more

Call to abandon Beaconsfield inquest: report



LAWYERS acting for Beaconsfield Gold have appealed for the coronial inquest into the death of Beaconsfield miner Larry Knight to be abandoned.  - more

Oxiana to sell Martabe stake to Antam



INDONESIAN company PT Antam has signed a deal with mid-tier miner Oxiana that could see the government-backed company buy 25% of Oxiana’s Martabe mine for more than $US133 million ($A138 million).   - more

Visa reforms bring added costs



THE Rudd Government’s reforms to the 457 visa program will see employers who are forced to look overseas to fill vacancies created by the chronic skills shortage face higher costs and further regulation, according to business groups.  - more

Resource increase for IGC and Nkwe



INTERNATIONAL Goldfields and partner Nkwe Platinum today reported a resource increase of more than 45% at the Tubatse platinum joint venture in South Africa.   - more


Commodities


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Commodity   Current
Price
($US)
Change
($US)
Change
(%)
Previous
Price
($US)
LME Indicative          
Copper - Cash   8826.00 -74.00 -0.83 8900.00
Copper - 3Mth   8645.00 -75.00 -0.86 8720.00
Lead - Cash   1586.00 -94.50 -5.62 1680.50
Lead - 3Mth   1610.00 -95.00 -5.57 1705.00
Zinc - Cash   1757.50 -81.00 -4.41 1838.50
Zinc - 3Mth   1783.00 -82.00 -4.40 1865.00
Aluminum - Cash   3136.25 -17.00 -0.54 3153.25
Aluminum 3Mth   3184.00 -16.00 -0.50 3200.00
Nickel - Cash   20702.00 -298.00 -1.42 21000.00
Nickel - 3Mth   20850.00 -300.00 -1.42 21150.00
Tin - Cash   22880.00 -220.00 -0.95 23100.00
Tin - 3Mth   22850.00 -250.00 -1.08 23100.00
Comex          
Gold - Aug 08   933.60 -12.90 -1.36 946.50
Silver - Jul 08   18.29 -0.05 -0.28 18.34
Copper - Sep 08   394.90 -11.45 -2.82 406.35
Nymex          
Platinum - Oct 08   2030.40 -46.60 -2.24 2077.00
Palladium - Sep 08   462.95 -7.05 -1.50 470.00
London Metal          
Gold (AM Fix)   939.75 4.50 0.48 935.25
Gold (PM Fix)   934.00 -1.25 -0.13 935.25
Silver (Fix)   9.18 -0.01 -0.09 9.18
Energy          
WTI Spot   145.31 1.57 1.09 143.74
Light Crude - Aug 08   145.29 1.72 1.20 143.57
Currencies          
$A/$US   0.9602 -0.002 -0.20 0.9621
STG/$US   1.9837 -0.009 -0.45 1.9927
Euro/$US   1.5705 -0.0176 -1.11 1.5881
Euro/$A   1.6357 -0.0152 -0.92 1.6509
TABLE: Friday, July 4 2008, 12:30AM GMT

Most Popular Stories


Love in the time of a mining boom



ALMOST 300 people have signed up online for the chance to meet a mining man. Kellie Guest reports on the latest innovation in FIFO dating and the social effects of the long-distance lifestyle.  - more

No deal: Beadell forced to can Cracow plans



BEADELL Resources’ plans to acquire the Cracow gold mine have died in the water, a victim of “prevailing market conditions”.  - more

NAB: boom will continue to 2010 – for some



NATIONAL Australia Bank has predicted some resources – iron ore, copper and aluminium – will continue to command record prices until at least 2010.   - more

Mining magnate to launch major new resource group



GOLD Coast billionaire Clive Palmer plans to create a major Australian diversified resources group and will list the new company on the Hong Kong and Australian stock exchanges later this year.   - more

Dryblower on Twiggy Corp and the close of the financial year



IF ANDREW Forrest ever listed himself on the Australian Securities Exchange he would rank 24th, bigger than Brambles and almost as big as the AMP or Macquarie Bank. And yes, Dryblower is talking about one man versus entire corporations – an interesting thought to bring the 2007-08 financial year to a close.  - more

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