|     |      

Extract grows Rossing South again


(2 July 2009)
EXTRACT Resources has increased the resources at its flagship high-grade Rossing South project by 34% to 145 million pounds of uranium, firming the deposit’s position as one of the biggest new uranium discoveries in the world.  - more

Cost Control

Simpler conveying leads to savings


(3 July 2009)
OVER-complicated designs for conveyor systems are forcing many companies to fritter away valuable capital, a materials handling specialist has warned.  - more

Mining camps powered by the sun


Particle size analyser a first in iron ore


  VIEW ALL STORIES on Cost Control


MNP Audio


Dryblower

Dryblower on the return of the bankers

  - more


Strictly Boardroom

Not so quiet on the drilling front

  - more


The Metal Detective

Xstrata: two out of three ain’t bad

  - more

Outcrop

What’s Chinese for Achilles heel?

  - more



Breaking News


Simpler conveying leads to savings



OVER-complicated designs for conveyor systems are forcing many companies to fritter away valuable capital, a materials handling specialist has warned.  - more

Emergent inks Chinese JV deal



EMERGENT Resources has entered into a joint venture deal with China Metallurgical Investment for the development of its flagship Beyondie iron project in Western Australia’s Mid West region, with investors welcoming the news.  - more

Territory wins extra time for debt deals



SMALL-scale iron ore miner Territory Resources is still locked in a suspension as it seeks to restructure its debt, with the deadline for this restructure now pushed out to August.  - more

Timing is key in resources



TIMING is everything in the markets, as shown by the Intersuisse resources index, which has plunged by 27.2% since December 2007, but moved up by 45.3% in the past three months.  - more

Polo picks up bigger slice of Berkeley



AIM-listed Polo Resources has bought $A5.3 million worth of shares in Berkeley Resources, increasing its stake in the Spain-focused company to over 15%.  - more

Xstrata to the rescue



XSTRATA Coal has pitched in $A3 million to help Queensland’s Department of Environment and Resource Management establish a second colony of the endangered northern hairy-nosed wombat in Epping Forest National Park, near Clermont.  - more

Explosives makers still booming



WHILE explosives maker Incitec Pivot subsidiary Dyno Nobel is more exposed to falling US coal production, rival Orica Mining Services is continuing to perform well during the downturn, according to Macquarie Private Wealth.  - more

More records fall at Panoramic



INVESTORS smiled on Panoramic Resources today after it reported a 26% year-on-year jump in contained nickel production.  - more

Stocks edge higher thanks to miners



LOCAL stocks closed the session slightly higher today following a positive lead from Wall Street with the bulk of Australia-listed miners posting a good day on the bourse on stronger base metals.  - more

Emerson Stewart signed up for Ayanfuri



GOLD hopeful Perseus Mining has appointed Emerson Stewart to provide project management and engineering assistance at the Ayanfuri gold project in Ghana.  - more

BHP, Mithril withdraw from nickel-gold JV



FERRAUS has gained full ownership of the Silver Swan North project near Kalgoorlie in Western Australia after BHP Billiton Nickel West and Mithril Resources pulled out of the joint venture.  - more

Trade deficit deepens as commodities fall



FALLS in the value of iron ore and coal exports are being blamed as major contributors to Australia’s ballooning trade deficit which reached $A556 million in May – its biggest shortfall in 10 months.  - more

Cape Alumina boosts Pisolite Hills by 30%



CAPE Alumina has announced a 30% increase in bauxite resources for its Pisolite Hills project at Cape York, Queensland.  - more

What’s Chinese for Achilles heel?



A NOTED economic expert on China explains the ramifications of the Chinalco fiasco. The Outcrop by Robin Bromby.  - more

Extract grows Rossing South again



EXTRACT Resources has increased the resources at its flagship high-grade Rossing South project by 34% to 145 million pounds of uranium, firming the deposit’s position as one of the biggest new uranium discoveries in the world.  - more

Warm response to Rio’s UK rights issue



RIO Tinto has announced that the United Kingdom portion of its $US15.2 billion ($A18.8 billion) rights issue closed yesterday with 96.97% of eligible shareholders participating.  - more

Raising inches Four Mile closer to production



ALLIANCE Resources says it is now fully funded to move towards production at the Four Mile uranium joint venture project in South Australia, having completed a shortfall placement of shares not taken up in the recent rights issue.  - more

Mining camps powered by the sun



REDUCING emissions is a growing concern for miners with the impending introduction of a Carbon Pollution Reduction Scheme. One Perth company believes it has devised a system that will reduce pollution while cutting energy costs.  - more

Minemakers buys into Union



MINEMAKERS has snapped up a 9.64% shareholding in failed rival bidder for Bonaparte Diamond Mines, Union Resources.  - more

Creditors approve Stirling’s Monarch buy



MICHAEL Kiernan’s Stirling Resources has won control of the Davyhurst and Mt Ida gold assets after the creditors of failed gold miner Monarch Gold agreed to Stirling’s recapitalisation proposal.  - more

Share placement complete: Gindalbie



ALL the Is have been dotted and the Ts crossed, marking the completion of Gindalbie Metals’ $A162.06 million share placement to Ansteel.  - more

Gold One offloads Twin Hills



GOLD One International has sold its Twin Hills project in Queensland to the Pajingo joint venture for $A1.75 million.  - more

Not so happy new year



IT was a lacklustre session as the market followed the lead of the United States, where investors were anxious about the loss of consumer confidence. With metals down and nothing positive to go on, miners saw in the new financial year with a grimace.  - more

Sphere responds to Chinese rumours



SPHERE Investments is keeping mum on media speculation over Chinese interest in the $US2.2 billion ($A2.8 billion) Guelb el Aouj project in Mauritania, Africa.  - more

CBH unveils Rasp upgrade



INVESTORS swooped on CBH Resources today after the company reported a more than two-fold upgrade to the mineral resource for its Rasp zinc-lead-silver mine at Broken Hill.  - more


Commodities


sponsored by

Commodity   Current
Price
($US)
Change
($US)
Change
(%)
Previous
Price
($US)
LME Indicative          
Copper - Cash   5073.00 124.25 2.51 4948.75
Copper - 3Mth   5087.50 120.50 2.43 4967.00
Lead - Cash   1718.25 47.75 2.86 1670.50
Lead - 3Mth   1739.00 49.00 2.90 1690.00
Zinc - Cash   1568.00 45.50 2.99 1522.50
Zinc - 3Mth   1595.00 46.00 2.97 1549.00
Aluminum - Cash   1631.75 35.00 2.19 1596.75
Aluminum 3Mth   1663.00 33.00 2.02 1630.00
Nickel - Cash   16416.00 1125.00 7.36 15291.00
Nickel - 3Mth   16495.00 1120.00 7.28 15375.00
Tin - Cash   14568.00 336.00 2.36 14232.00
Tin - 3Mth   14500.00 350.00 2.47 14150.00
Comex          
Gold - Aug 09   941.30 13.90 1.50 927.40
Silver - Jul 09   13.74 0.17 1.22 13.57
Copper - Jul 09   231.50 5.70 2.52 225.80
Nymex          
Platinum - Jul 09   1196.50 19.80 1.68 1176.70
Palladium - Sep 09   254.85 3.90 1.55 250.95
London Metal          
Gold (AM Fix)   931.50 -3.00 -0.32 934.50
Gold (PM Fix)   938.25 3.75 0.40 934.50
Silver (Fix)   8.35 0.11 1.31 8.24
Energy          
WTI Spot   69.32 -0.50 -0.72 69.82
Light Crude - Aug 09   69.31 -0.58 -0.83 69.89
Currencies          
$A/$US   0.809 0.0026 0.32 0.8064
STG/$US   1.6477 0.0018 0.11 1.6459
Euro/$US   1.4144 0.0111 0.79 1.4032
Euro/$A   1.7484 0.0081 0.47 1.7403
TABLE: Thursday, July 2 2009, 12:00AM GMT

Most Popular Stories


What’s Chinese for Achilles heel?



A NOTED economic expert on China explains the ramifications of the Chinalco fiasco. The Outcrop by Robin Bromby.  - more

Mining camps powered by the sun



REDUCING emissions is a growing concern for miners with the impending introduction of a Carbon Pollution Reduction Scheme. One Perth company believes it has devised a system that will reduce pollution while cutting energy costs.  - more

Extract grows Rossing South again



EXTRACT Resources has increased the resources at its flagship high-grade Rossing South project by 34% to 145 million pounds of uranium, firming the deposit’s position as one of the biggest new uranium discoveries in the world.  - more

WA govt may force Perseverance closure



THE Western Australian government may move to shut down BHP Billiton’s Perseverance operations on growing concerns over safety at the underground nickel mine following a second rock fall in almost three weeks.  - more

Particle size analyser a first in iron ore



IN an Australian first, Rio Tinto Iron Ore has installed a new particle size analyser at its Paraburdoo operation in the Pilbara, which is designed to maximise throughput and reduce costs.  - more

Professional Placements


For the complete list of placements CLICK HERE.

SENIOR MINE PLANNING ENGINEER



sponsored by:



  • Major Mining Project Development
  • 6 Month Contract
  • Perth Suburban Base
  •   - more

    Mining Project Managers



    sponsored by:



    Leighton Mining is part of the Leighton Contractors’ Resources Division, Australia’s premier contract mining and services provider. We are unmatched in the expertise and diversity we offer the resources industry, delivering world class mining services specialising in surface and underground coal operations.  - more

    Ore Treatment Manager



    sponsored by:



  • Residential position based at Cadia, Central NSW
  • Well established and experienced team
  •   - more

    General Appointments


    For the complete list of placements CLICK HERE.

    WesTrac Apprenticeships & Traineeships 2010 - What we can offer you!



    • Caterpillar tool kit to the value of $5k
    • Trade training, books, overalls, boots and personal safety equipment
    • Job security and outstanding career opportunities
    • Opportunities to work in different workshop environments
    For more information access our website at westrac.com.au or phone our careers hotline on 1300 797 028.  - more

    Recently Discussed Companies and organisations covered during the past 30 days - more


    Company Search




    Story Search









    Advanced Search







    Backgrounders

    Brazil

      - more

    Australian iron ore

      - more

    Uranium

      - more

    1993 CATERPILLAR 994 WHEEL LOADERS/INTEGRATED TOOLCARRIERS

    - more

    1998 CATERPILLAR D10R TRACK TYPE TRACTORS

    - more

    1999 CATERPILLAR D8R TRACK TYPE TRACTOR

    - more

    2001 CATERPILLAR 740 ARTICULATED TRUCK

    - more

    Industry News

    Subscribe | Advertise
    FREE TRIAL!

     

    Subscribe | Advertise
    FREE TRIAL!