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Monday
20 May 2013
Make MNN my HomePage
TODAY'S STORIES
DRYBLOWER
Dryblower on the weird world of Julia in Wonderland
(Monday, 20 May 2013)
IF Lewis Carroll had not already written the story of Alice in Wonderland,
Dryblower
would not be surprised if someone else created a similar tale using Australia as the weird Wonderland while casting the Prime Minister, Julia Gillard, as Alice.
Full Story...
MORE DRYBLOWER
Dryblower on the return of the boom (perhaps)
Dryblower explores the link which puts Forrest and Palmer in the same boat
Dryblower and the power in the “oilman’s lament”
VIEW ALL STORIES
PREMIUM FEATURES
Global Wrap: General Moly, Lonmin and more
(Friday, 17 May 2013)
IN
Global Wrap
this week: Hanlong calls off another deal; more strike action for Lonmin; Anglo Platinum provides restructuring update; new mine for Cameco; and a record quarter for Centamin.
Full Story...
MORE PREMIUM FEATURES
Island of the green giant
Productivity pain
Dieback, alumina and forests
VIEW ALL STORIES
MINE SUPPLY TODAY
Viento scores $15.4M FMG contract
(Monday, 20 May 2013)
FORTESCUE Metals Group has awarded a $A15.4 million contract to Viento Group for its Solomon tailings storage facility in the Pilbara.
Full Story...
MORE
MINE SUPPLY TODAY
Forge wins Dugald River work
Worley faces earnings freeze
Mining downturn leads to contractor downgrades
VIEW ALL STORIES
Jobs from MiningNewsJobs
MINE PRODUCTION TODAY
Growth quarter for Crocodile
(Thursday, 16 May 2013)
CANADA’S Crocodile Gold Corporation has announced an operating cash flow of $US17.6 million ($A17.7 million) for the three months to March 31.
Full Story...
Slimmer margin for Endeavour on lower gold price
(Wednesday, 15 May 2013)
ENDEAVOUR Mining has flagged a profit margin plunge of more than 20% this year due to the fall in gold price.
Full Story...
AngloGold boosts earnings sixfold
(Tuesday, 14 May 2013)
ANGLOGOLD Ashanti has bounced back from last year’s crippling strike action in South Africa to post a strong March quarter of production, costs and earnings.
Full Story...
MORE
MINE PRODUCTION TODAY
Copper production higher for Glencore Xstrata
IMX sets full year forecast
First Quantum lowers Ravensthorpe costs
VIEW ALL STORIES
MINE GEAR TODAY
Sandvik’s next shot
(Monday, 20 May 2013)
THE next shot in the arms race to build the bigger, better underground hauler has been fired, with Sandvik putting its 63-tonne capacity TH663 underground hard rock mining truck on trial in Australia.
Full Story...
Rio moves 100Mt with driverless trucks
(Wednesday, 24 April 2013)
RIO Tinto marked a milestone in its high-tech Mine of the Future program, after moving 100 million tonnes of material using autonomous haul trucks in Western Australia’s Pilbara region.
Full Story...
Howard backs new trucks
(Thursday, 7 March 2013)
FORMER Australian prime minister John Howard was on hand to help Belarusian Autoworks (BelAZ) launch its mining dump trucks in Australia recently.
Vetti Kakulas
was in New South Wales for the arrival.
Full Story...
FINAL CALL
Market extends gains
(Monday, 20 May 2013)
AUSTRALIAN stocks followed in Wall Street’s footsteps to close in the black as the miners continued to post gains.
Full Story...
MORE FINAL CALL
Gold continues slide
Apex slides on dumped Wiluna sale
Intrepid shareholders confident of win
VIEW ALL STORIES
INVESTMENT
Apex slides on dumped Wiluna sale
(Monday, 20 May 2013)
JUST days after Apex Minerals announced the $A50 million sale of its Wiluna gold mine was progressing, the company has called off the transaction with Everprosperity Investment Co after the suitor failed to cough up a required payment.
Full Story...
MORE INVESTMENT
Intrepid shareholders confident of win
Galaxy appeals to shareholders
Apex seals the deal, but at a lower price
VIEW ALL STORIES
IPOs
Austral float falls short
(Friday, 3 May 2013)
MADAGASCAR-focused zircon hopeful Austral Resources has withdrawn its initial public offer, citing adverse market conditions in a failure to raise a minimum subscription of $A3.5 million.
Full Story...
MORE IPOs
Laramide completes ASX listing
VIEW ALL STORIES
MINERAL EXPLORATION
Initial resource for Potash Minerals
(Monday, 20 May 2013)
EXPLORER Potash Minerals has defined a maiden resource for its 90%-owned Hatch Point project in the United States.
Full Story...
MORE MINERAL EXPLORATION
Sandfire boosts DeGrussa
OZ heads to Canada
Beament calls for gold reinvention
VIEW ALL STORIES
MERGERS & ACQUISITIONS
Ausenco acquires Aussie company
(Tuesday, 14 May 2013)
ENGINEERING firm Ausenco says is ready to meet the changing market – through its acquisition of The Rylson Group – as the resources and energy industry shifts focus from capital-intensive greenfield projects to getting the most out of existing operations.
Full Story...
MORE MERGERS & ACQUISITIONS
M&As activity retreats as sentiment rebounds
Jaguar up on Colombian deal
Stonewall surges on potential sale
VIEW ALL STORIES
ENVIRONMENT
IOH port gets EPA backing
(Monday, 20 May 2013)
THE development of a multi-user iron ore port in the Pilbara has been recommended for approval by Western Australia’s Environmental Protection Authority.
Full Story...
MORE ENVIRONMENT
Barrick signs on as CEEC sponsor
Warkworth could lead country to ruin
Friedland invests in Clean TeQ
VIEW ALL STORIES
Market extends gains
(Monday, 20 May 2013)
AUSTRALIAN stocks followed in Wall Street’s footsteps to close in the black as the miners continued to post gains.
Full Story...
Leaders mull the big picture in Broken Hill
(Monday, 20 May 2013)
OPENING volleys at the Resources and Energy Investment Symposium in Broken Hill, New South Wales, covered issues ranging from the fallout of the recent federal budget, evolving public sentiment on mining and new views on sustainable growth.
Full Story...
CBH checks in with NSW progress report
(Monday, 20 May 2013)
JAPANESE-controlled CBH Resources said it was experiencing a strong ramp-up in its New South Wales zinc-silver-lead operations as it weighed growth plans with cost-cutting rethinks.
Full Story...
CURRENT FOCUS FEATURES
SOUTH AND LATIN AMERICA 2013
Azure advances Promontorio
Barrick renegotiates Pueblo Viejo agreement
Bonanza hit for Orinoco
Explorer takes Bolivian government to court over nationalisation
Jaguar up on Colombian deal
Admirality outlines Mariposa feasibility
BC Iron, Cleveland ink first Brazilian deal
SKM wins Collahuasi work
High-grade hits at Duckhead
TODAY'S STORIES CONTINUED
Mining Briefs: Gascoyne, Great Western and more
(Monday, 20 May 2013)
IN
Mining Briefs
today: drilling results for Gascoyne and TNG; Great Western signs deal with Glencore Xstrata; JV for Clancy; Breakaway sells WA project; Orinoco reviews Cascavel; and BCD completes sale of copper assets.
Full Story...
Galaxy appeals to shareholders
(Monday, 20 May 2013)
TROUBLED Galaxy Resources has asked for shareholder support as it embarks on a cut-price $A47 million capital raising.
Full Story...
IOH port gets EPA backing
(Monday, 20 May 2013)
THE development of a multi-user iron ore port in the Pilbara has been recommended for approval by Western Australia’s Environmental Protection Authority.
Full Story...
Intrepid shareholders confident of win
(Monday, 20 May 2013)
QUANTUM Pacific Capital says it is in regular contact with the Indonesian title holders of the Tujuh Bukit project and is confident it can secure a stake in the property in 6-9 months.
Full Story...
Apex slides on dumped Wiluna sale
(Monday, 20 May 2013)
JUST days after Apex Minerals announced the $A50 million sale of its Wiluna gold mine was progressing, the company has called off the transaction with Everprosperity Investment Co after the suitor failed to cough up a required payment.
Full Story...
Capital Watch: Waratah, Uranium Equities and more
(Monday, 20 May 2013)
IN
Capital Watch
today: Waratah secures funds for exploration campaign; Uranium rights issues closes fully subscribed; Bulletin announces placement and entitlement offer; East Africa chases working capital; and Truscott launches share purchase plan.
Full Story...
Barrick signs on as CEEC sponsor
(Monday, 20 May 2013)
MAJOR miner Barrick Gold has signed a two-year sponsorship with the Coalition for Eco-Efficient Comminution, a not-for-profit group with the patronage of Gold Fields boss Nick Holland and G-Resources vice-chairman Owen Hegarty.
Full Story...
Dryblower on the weird world of Julia in Wonderland
(Monday, 20 May 2013)
IF Lewis Carroll had not already written the story of Alice in Wonderland,
Dryblower
would not be surprised if someone else created a similar tale using Australia as the weird Wonderland while casting the Prime Minister, Julia Gillard, as Alice.
Full Story...
Light ahead in the commodity price tunnel
Exclusively for Premium Subscribers
(Monday, 20 May 2013)
ALLAN Trench
checks out the latest CRU Group update on relative 2017 commodity price rankings – finding some familiar winners and a few surprises.
Full Story...
Grasberg death toll rises
(Monday, 20 May 2013)
THE death toll from the Big Gossan collapse at Grasberg has risen to 11, with rescuers unable to detect any signs of life among the 17 workers still buried in the rubble.
Full Story...
Viento scores $15.4M FMG contract
(Monday, 20 May 2013)
FORTESCUE Metals Group has awarded a $A15.4 million contract to Viento Group for its Solomon tailings storage facility in the Pilbara.
Full Story...
Sandvik’s next shot
Exclusively for Premium Subscribers
(Monday, 20 May 2013)
THE next shot in the arms race to build the bigger, better underground hauler has been fired, with Sandvik putting its 63-tonne capacity TH663 underground hard rock mining truck on trial in Australia.
Full Story...
Initial resource for Potash Minerals
(Monday, 20 May 2013)
EXPLORER Potash Minerals has defined a maiden resource for its 90%-owned Hatch Point project in the United States.
Full Story...
Marengo explores project costs
(Monday, 20 May 2013)
MARENGO Mining’s long-awaited feasibility study for its world-class Yandera copper-gold-molybdenum project in Papua New Guinea will be subject to more delays as further investigations are made into power supply sources, tailings management and mine optimisation.
Full Story...
Pluton on course at Cockatoo
(Monday, 20 May 2013)
PLUTON Resources says it is in its strongest financial position of the year, as it increases the shipping rate at its Cockatoo Island iron ore operation in Western Australia and predicts improved cash costs at the mine in the near term.
Full Story...
Stocks surge
(Monday, 20 May 2013)
FRIDAY was a strong session for stocks and most metals, but iron ore and gold capped off a negative week with more losses.
Full Story...
News Wrap
(Monday, 20 May 2013)
IN THIS morning’s
News Wrap:
Coal mines in fight for survival; Leighton focuses on cost cutting as contracting sector deteriorates; and union men bury axe to take Rio.
Full Story...
Miners firm up
(Friday, 17 May 2013)
A MINERS’ rebound led Australian stocks higher today as the Australian dollar continued its fall and commodity prices warbled.
Full Story...
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IF Lewis Carroll had not already written the story of Alice in Wonderland, Dryblower would not be surprised if someone else created a similar tale using Australia as the weird Wonderland while casting the Prime Minister, Julia Gillard, as Alice.
IN Global Wrap this week: Hanlong calls off another deal; more strike action for Lonmin; Anglo Platinum provides restructuring update; new mine for Cameco; and a record quarter for Centamin.
THE next shot in the arms race to build the bigger, better underground hauler has been fired, with Sandvik putting its 63-tonne capacity TH663 underground hard rock mining truck on trial in Australia.
