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11 September 2010

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[ 18382 Results - Showing Results 1 to 30 ]

Miners mixed as market hits four-week high
(Friday, 10 September 2010)

LOCAL stocks hit a fresh four-week high today but were unable to hold onto gains, posting an overall loss for the session.
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The weekend beckons after a frenzied week
Exclusively for Premium Subscribers
(Friday, 10 September 2010)

MONDAY kicked the week off fine with the Australian share market recording gains across the board despite the best attempts of the Millionaire Factory of Macquarie Bank to drag it all down. By RESOURCESTOCKS editor Wally Graham.
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M&A sweeps Aussie gold sector
(Friday, 10 September 2010)

AUSTRALIA’S gold sector is alive with the sound of consolidation, with merger and acquisition activity showing no signs of waning, according to analysis from Citi, as junior gold stocks clamber over each other in a bid to fill the void created by the departure of Lihir Gold.
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Exploring for unfashionable metals
Exclusively for Premium Subscribers
(Friday, 10 September 2010)

THEY aren’t sexy metals, bulk commodities, or particularly well understood by the market, but rare and minor metals have been in the spotlight over the past year as China flexes its considerable muscle in the high-tech space. Nick Evans looks at the prospects for companies exploring for unfashionable metals.
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Rail infrastructure bid collapses
(Friday, 10 September 2010)

THE Queensland Coal Industry Rail Group has abandoned its $A5.1 billion bid for Queensland Rail National’s rail infrastructure as coal company members fail to stick to their financial commitments – paving the way for a public float of QRN in the coming months.
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Ampella tops up kitty
(Friday, 10 September 2010)

AMPELLA Mining’s share price soared in morning trade after the Africa-focused gold play announced a $A41.9 million boost to its bank balance to help fund exploration programs at its Batie West project in Burkina Faso.
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Decision ignites Greenland Minerals
(Friday, 10 September 2010)

A DECISION by the Greenland government to partially change a 20-year ban on uranium mining in the country has cleared the way for Greenland Minerals and Energy to develop a mine plan for its world-class Kvanefjeld project and set a blowtorch to its share price.
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Mitsui keen to make a deal with Cockatoo
(Friday, 10 September 2010)

JAPANESE trading house Mitsui is preparing to bid for some or all of Cockatoo Coal’s assets in Queensland’s Surat Basin after inking an exclusivity agreement with the coal company.
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Sage asked to please explain
(Thursday, 9 September 2010)

CAPE Lambert Resources has found itself having to explain statements made by its colourful executive chairman Tony Sage after the company was queried by the Australian Securities Exchange.
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Resources climb on stronger metals
(Thursday, 9 September 2010)

THE local market started strong today, hitting a 30-day high in early trade on better-than-expected jobs data, while stronger metal prices saw most miners finish in positive territory.
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Eurogold buys rest of Brinkley
(Thursday, 9 September 2010)

EUROGOLD will buy up the rest of London-listed investment company Brinkley Mining for around £4.07 million ($A6.8 million).
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Swan sticks with mining tax
(Wednesday, 8 September 2010)

THE proposed tax summit, one of the carrots to help lure the independent MP’s Labor vote, has come under scrutiny after Treasurer Wayne Swan said the controversial mining tax would not be included on the summit’s agenda.
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European debt woes drag down market
(Wednesday, 8 September 2010)

THE mining and banking sectors dragged down the local share market today with the S&P-ASX 200 hitting a three-day low as concerns about European sovereign debt continued to weigh on offshore equities.
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Mbalam deal boosts Sundance
(Wednesday, 8 September 2010)

INVESTORS have smiled on Sundance Resources today on news it has inked a deal with CRCC China-Africa Construction for its Mbalam project in west Africa.
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Briber beware
Exclusively for Premium Subscribers
(Wednesday, 8 September 2010)

BOARDS of Australia-listed mining and exploration companies need to be increasingly aware of the risks of bribery and corruption in their business practises, according to a new report from global accounting firm Ernst & Young, as regulators worldwide subject the industry to ever greater scrutiny.
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Fundraising to step up Centaurus growth plans
(Wednesday, 8 September 2010)

EMERGING iron ore producer Centaurus Metals is looking to raise up to $A18 million to accelerate growth at its Brazilian projects and move closer to a production start-up by 2013.
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Citadel to buy out JV partners
(Wednesday, 8 September 2010)

CITADEL Resource Group will pay $US112.5 million ($A123.3 million) to buy out its joint venture partners and move to 100% ownership of its flagship Jabal Sayid copper-gold project in Saudi Arabia.
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IronClad boosts Wilcherry Hill
(Wednesday, 8 September 2010)

IRONCLAD Mining’s development plans have been boosted with the upgrade of resources at its flagship Wilcherry Hill iron ore project on South Australia’s Eyre Peninsula.
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Sage plays hardball over Chinese delaying tactic
(Wednesday, 8 September 2010)

THE Supreme Court will now decide the fate of the final $A80 million payment due to Cape Lambert Resources from Chinese group Metallurgical Corporation of China (MCC) after it reneged on its deal and talks between the parties to resolve the matter broke down.
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Eldorado pulls Andean bid
(Wednesday, 8 September 2010)

INVESTOR hopes of a bidding war for Andean Resources were dashed overnight after would-be suitor Eldorado Gold Corporation pulled its $C3.4 billion ($A3.8 billion) offer for the gold play, resulting in Andean shares slumping in today’s trade.
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Mirabela seeking $199M
(Wednesday, 8 September 2010)

MIRABELA Nickel has launched an institutional equity raising chasing up to $US165 million ($A180.9 million), plus a $7 million placement and $10 million share purchase plan as the company is hit by a slower than expected ramp-up at its flagship Santa Rita operation in Brazil.
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MRRT clarification a sticking point
(Tuesday, 7 September 2010)

THE Chamber of Minerals and Energy of Western Australia’s senior executive will travel to Canberra next week to seek an urgent clarification on the status of Labor’s proposed Minerals Resource Rent Tax.
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And the winner is…
(Tuesday, 7 September 2010)

AUSTRALIA paused earlier today as it was finally revealed that Julia Gillard’s Labor party will form a minority government.
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St Barbara flags share consolidation
(Tuesday, 7 September 2010)

ST Barbara is seeking to attract international institutional investors with the gold miner announcing plans to consolidate its share base.
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China and the Brazilian iron rush
Exclusively for Premium Subscribers
(Tuesday, 7 September 2010)

THEY’VE already taken chunky bites out of Australia and Africa. Is Brazilian iron ore next on the menu for China’s voracious steel mills? The Metal Detective by Stephen Bell
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Eldorado offer not material: Andean
(Tuesday, 7 September 2010)

ANDEAN Resources says Eldorado Gold’s multi-billion dollar takeover offer in August was not disclosed to the market as the board “did not consider it material to the company”.
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Intierra Spotlight: In search of the next Andean
(Tuesday, 7 September 2010)

GOLDCORP announced last week it had agreed to buy Andean Resources for $C3.6 billion ($A3.8 billion). Andean is a good Australian-made story, based on a life-of-mine cash cost of $US198, one of the top discoveries of the past decade. So, is there another Andean out there?
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Hiring outlook uncertain for miners
(Tuesday, 7 September 2010)

HIRING optimism in Australia’s mining sector is expected to take a dip by year’s end, with uncertainty brought on by the proposed mining tax impacting hiring expectations in the sector.
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Chalice to go it alone, for now
(Monday, 6 September 2010)

EMERGING gold producer Chalice Gold Mines has pulled out of a planned regional joint venture with Newmont Mining Corporation in Eritrea.
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Rio energy chief wants certainty
(Monday, 6 September 2010)

WHILE the final outcome of the recent federal election is expected this week, Rio Tinto energy chief executive Doug Ritchie was more than willing to unload both barrels on our elected representatives.
Full Story...

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