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General


Miners on cyclone watch

(27 January 2012)
PILBARA miners are again on cyclone watch as tropical cyclone Iggy brews off the northwest coast.  - more

Australians Overseas

New modelling boosts INCA grades

(27 January 2012)
A 20% jump in grade at the INCA deposit in Namibia has reinforced its importance to the future of Deep Yellow’s flagship Omahola uranium property but further drilling is required to fully define the extent of high-grade numbers at depth.  - more

New resource confirms Tampakan world-class status


A pint with: Chris Start


Shiyela shows potential


Namibian expands footprint


Kingsrose continues to deliver


Sabre assesses Namibian development options


Maiden resource good news for Mundo


PanAust sets its sights


Strong quarter pushes up Perilya


Black Fire slumps on DRC drama


  VIEW ALL STORIES on Australians Overseas





Dryblower

Dryblower wonders whether anyone will ever actually pay a cent in MRRT

  - more


Strictly Boardroom

Accountants still the head honchos of mineral exploration IPOs

  - more


The Metal Detective

Turf war on the Esperance waterfront

  - more

Outcrop

Miners be warned: West Papua is different

  - more


Breaking News


Stocks close up

AUSSIE stocks closed the week higher, buoyed by positive news from the US and optimism regarding the Greek debt crisis.  - more

Saracen downgrades quarterly guidance

GOLD producer Saracen Mineral Holdings has been forced to lower its quarterly production guidance due to the removal of open pit ore from Whirling Dervish and a delay in processing Red October underground ore in Western Australia.  - more

Capital Watch: Robust, Fortis and more

BASE metals explorer Robust Resources has issued 5.3 million shares at $A1.40 each to Droxford International for $7.5 million.  - more

Aquila enters 2012 upbeat on the back of strong coal sales

AQUILA Resources’ Isaac Plains mine has bounced back from long-running production interruptions triggered by disagreements with the mine’s joint venture partner Vale, with coal sales for the mine jumping to 352,780 tonnes during the December 2011 quarter.  - more

Executive Outcomes: Brockman, Sherwin and more

AQUILA Resources iron ore general manager Russell Tipper has jumped ship to join Brockman Resources as chief executive officer.  - more

New modelling boosts INCA grades

A 20% jump in grade at the INCA deposit in Namibia has reinforced its importance to the future of Deep Yellow’s flagship Omahola uranium property but further drilling is required to fully define the extent of high-grade numbers at depth.  - more

Mining Briefs: Phillips River, LionGold, Astron and more

NEW projects for Volta and extra tenements for Phillips River, a takeover extension for LionGold, a proposed redomiciliation for Astron and exploration updates for Gold Anomaly and Western Desert are the Mining Briefs highlights.  - more

Crocodile to increase output

TORONTO-based Crocodile Gold has tipped production from its Northern Territory mines to increase to 75,000-85,000 ounces of gold this year.  - more

Rocky road ahead for equipment sales

DESPITE the amount of imported mining and construction equipment surpassing pre-global financial crisis levels in the middle of 2011, Australia’s largest freight forwarder has warned industry to expect a rocky year ahead.  - more

Miners on cyclone watch

PILBARA miners are again on cyclone watch as tropical cyclone Iggy brews off the northwest coast.  - more

Buy, Sell, Hold: Western Areas, Grange and Newcrest

THIS week, brokers run the ruler over gold giant Newcrest, magnetite producer Grange and nickel miner Western Areas in the wake of quarterly production results.  - more

Gloucester feels brunt of weakened coking coal demand

GLOUCESTER Coal boosted its coal production in the December quarter but admitted its sales volumes were below expectation as a result of reduced overseas demand for semi hard coking coal.  - more

WA going strong: report

THE Western Australian resource sector is helping stabilise the economy and keep unemployment down, according to a report by the Chamber of Minerals and Energy of Western Australia.  - more

New resource confirms Tampakan world-class status

A REVISED and upgraded resource has further confirmed the status of the Tampakan project in the Philippines as one of the world’s most significant undeveloped copper-gold assets but a question mark still remains over its development pending clarification of an open pit mining ban.  - more

A pint with: Chris Start

METALLURGICAL engineer Chris Start has staked out his career in the mining industry, leaving his mark on sites around the world. Now the managing director of Kingrose Mining, Start spoke to MiningNewsPremium.net about his plans for the gold producer.  - more

Cliffs falls behind

CLEVELAND-based Cliffs Natural Resources has posted its expected full-year results, with Western Australian iron ore production lower than expected with higher costs.  - more

New twist in Anglo and Codelco dispute

THE fight for a multi-billion stake in Anglo American’s Chilean subsidiary AA Sur and its prized Los Bronces copper asset, the world’s fifth-largest copper mine, has taken a new twist.  - more

Coming up Rosie

A MAIDEN resource containing 29,800 tonnes of nickel has been defined at the Rosie deposit in Western Australia by joint venture partners Independence Group and South Boulder Mines.  - more

Bronzewing not quite cashflow positive

NAVIGATOR Resources’ Bronzewing mine underperformed in the December quarter, though a strong performance last month bodes well for the coming quarter.  - more

Shiyela shows potential

DEEP Yellow’s Shiyela iron ore project in Namibia is shaping up as a viable development opportunity after the company revealed the results of a scoping study.  - more

Metals soar as US stocks drop

AFTER a positive session on Wednesday, Wall Street stocks fell overnight after the release of some weak economic data, while base metals in London surged.  - more

Stocks see the light

LOCAL stocks shrugged off the news of the Greek debt crisis on the back of positive leads out of the US.   - more

Labour shortages bite Mt Gibson

MOUNT Gibson Iron says it will focus on local training and employment initiatives after skilled labour shortages hampered shipments in the December quarter.  - more

Mining Briefs: Chalice, Alloy, BC and more

A REVISION of sale terms for Chalice, a potential purchase for the Bullabulling joint venture partners, a sale for West Wits and exploration updates for Alloy, BC, IMX, Brockman and Rox are the Mining Briefs highlights.  - more

Copper hits drive sentiment

SHARES in explorer Horseshoe Metals climbed as much as 15% today after it returned high-grade copper hits from its wholly-owned Kumarina property, which is in the same neighbourhood as Sandfire Resources’ DeGrussa mine in Western Australia.  - more


Commodities


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Commodity   Current Price ($US) Change ($US) Change (%) Previous Price ($US)
LME Indicative          
Copper - Cash   8577.00 206.00 2.46 8371.00
Copper - 3Mth   8590.00 206.00 2.46 8384.00
Lead - Cash   2300.50 44.00 1.95 2256.25
Lead - 3Mth   2325.00 43.00 1.88 2282.00
Zinc - Cash   2189.25 30.75 1.42 2158.50
Zinc - 3Mth   2205.00 30.00 1.38 2175.00
Nickel - Cash   21535.00 659.00 3.16 20876.00
Nickel - 3Mth   21600.00 675.00 3.23 20925.00
Tin - Cash   23954.00 1557.00 6.95 22397.00
Tin - 3Mth   24005.00 1555.00 6.93 22450.00
Aluminium - Cash   2244.75 27.00 1.22 2217.75
Aluminium - 3Mth   2277.00 25.00 1.11 2252.00
Comex          
Gold - Feb 12   1721.60 21.50 1.26 1700.10
Silver - Mar12   33.44 0.32 0.96 33.12
Copper - Mar12   388.65 5.70 1.49 382.95
Nymex          
Platinum - Jan 12   1613.80 36.40 2.31 1577.40
Palladium - Mar 12   692.50 -0.85 -0.12 693.35
London Metal          
Gold (AM Fix)   1713.00 54.00 3.25 1659.00
Silver (Fix)   33.35 1.68 5.30 31.67
Energy          
WTI   99.70 0.57 0.58 99.13
U308 Spot   52.25 -0.50 -0.95 52.75
Currencies          
$A/$US   1.0621 0.0024 0.2265 1.0597
STG / $US   1.5689 0.0031 0.1980 1.5658
Euro / $US   1.3104 -0.0002 -0.0153 1.3106
Euro / $A   1.2338 -0.0029 0.2383 1.2368
TABLE: Friday, January 27, 2012, 12:00am GMT


Most Popular Stories


A pay wall to climb

THE mining industry has long been concerned about skills shortages; perhaps it should also worry about how mining companies are going to afford hiring the skilled workers that are available. By Robin Bromby  - more

Dryblower wonders whether anyone will ever actually pay a cent in MRRT

WILL anyone ever pay Australia’s new Minerals Resource Rent Tax? That’s a question which might sound a bit odd, as the tax is planned to start on July 1.  - more

BHP outer harbour green-lighted

WESTERN Australia’s Environmental Protection Authority has recommended the approval of BHP Billiton Iron Ore’s outer harbour development at Port Hedland.  - more

Mining Briefs: Altona, Alara, WPG and more

FIRST high-grade Kylylahti ore for Altona, environmental approval for Alara, a milestone for Avalon, a deal for WPG and AMMG and exploration updates for Navarre, Alcyone, Stratum, Quintessential and Greenland Minerals are the Mining Briefs highlights.  - more

Another one bites the dust

THAT music is starting again. From out of nowhere comes that familiar bass riff and drum beat as another Australian company falls. Supply Side by Noel Dyson.  - more

Professional Placements


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    Mining Services - Project Manager


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    Our client is one of Australia’s leading and most diverse national contractors, with over 50 years of experience delivering works in building, roads, rail, water, mining services, tunnels, bridges, energy and telecommunications. On the behalf of their Mining Services Division we are currently seeking expressions of interest from suitably qualified and experienced Mining Engineers for the role of Project Manager for their Open Pit Iron Ore mining contracts in South Australia  - more

    Geospatial Officer (GIS), Mid-Tier Miner – Queensland


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    Environmental and Heritage Coordinator


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    Minerals explorer, Doray Minerals Limited (ASX: DRM) listed on the ASX in February 2010 with the aim of acquiring and developing highly prospective mineral properties.
    Doray was one of Australia’s best performing IPOs in 2010, based on the high grade gold found at the Wilber Lode within the Andy Well gold project, in the Murchison region of WA.
    Doray was awarded Gold Explorer of the Year for 2011 by Gold Mining Journal.
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