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Dryblower


Dryblower on the tyranny of rising costs


(8 February 2010)
FALLING stock markets are one side of the challenge facing the industry in the early weeks of 2010. The other, which Dryblower saw first-hand at last week’s Mining Indaba conference in Cape Town, is rising costs, especially government taxes, royalties and other charges.  - more

The Chinese Dragon

Aurox, MCC ink Balla Balla deal


(8 February 2010)
AUROX Resources says an engineering deal it has inked with China’s leading mining engineering services provider could slash $A233 million in capital costs off the development of its Balla Balla iron ore-vanadium-titanium project in the Pilbara.  - more

Resourcehouse secures Australia’s largest coal export


Testwork buoys Emergent


Chinese back away from Ausmelt


Waratah reaches 7.4Bt


Matsa secures Chinese backing


  VIEW ALL STORIES on The Chinese Dragon




Dryblower

Dryblower on the tyranny of rising costs

  - more


Strictly Boardroom

India: Just a BRIC or the next Great Wall?

  - more


The Metal Detective

OZ Minerals: Future still hazy

  - more


Outcrop

Is resources confidence starting to crack?

  - more



Breaking News


Migration reforms to deliver skills to Australia



THE federal government’s new business migration strategy for Western Australia has been welcomed by leading business industry bodies.  - more

Aurox, MCC ink Balla Balla deal



AUROX Resources says an engineering deal it has inked with China’s leading mining engineering services provider could slash $A233 million in capital costs off the development of its Balla Balla iron ore-vanadium-titanium project in the Pilbara.  - more

Doray trades at a discount on first day



JUNIOR explorer Doray Minerals has joined the ranks of ASX-listed metals companies, finishing its first day on the big board slightly underwater at 19.5c – 0.5c under the company’s IPO price of 20c.  - more

Off to a good start



RENEWED positivity in the US helped to bolster the Australian market today, with miners gaining in spite of a drop in commodity and metal prices.  - more

Barrick pounces on Tusker



LESS than eight weeks after listing on the Australian Securities Exchange, Indago Resources spin-off Tusker Gold has become the target of a takeover by its joint venture partner and the world’s largest gold producer, Barrick Gold Corporation.  - more

Sirius refines Polar Bear nickel search



THE immediate task for Sirius Resources at its recently acquired Polar Bear project in Western Australia is to confirm and define the extent of an ultramafic gossan on the property in a bid to hopefully define nickel sulfide at depth.  - more

Santa delivers for Integra



INTEGRA Mining has reported high-grade gold results for holes drilled below the historic Santa open pit at its Randalls gold project in the Goldfields.  - more

EXCLUSIVE: Gold refinery in govt hands after AGR Matthey wind-up



AUSTRALIA’S only significant gold refinery will shortly be back in Western Australian state government hands, after the partners in AGR Matthey decided to wind up their joint venture agreement late last month.  - more

Dryblower on the tyranny of rising costs



FALLING stock markets are one side of the challenge facing the industry in the early weeks of 2010. The other, which Dryblower saw first-hand at last week’s Mining Indaba conference in Cape Town, is rising costs, especially government taxes, royalties and other charges.  - more

Higginsville comes into its own for Avoca



GOLD miner Avoca Resources has released a $A40.5 million maiden profit for the six months to the end of December 2009 on the back of an exceptional performance from its Higginsville operation in Western Australia.  - more

India: Just a BRIC or the next Great Wall?



THIS week, Strictly Boardroom has been asking questions about the outlook for Indian metals consumption – and for metals production too for good measure. Here are some snapshot projections that paint a rosy outlook for India’s future contribution to the global metals scene. Allan Trench reveals some vital statistics.  - more

Oakajee: 10 years later



A PORT, rail, mine and steel mill at Oakajee. A decade ago it almost came off. As fresh plans are unveiled, Noel Dyson looks at what happened with the old version.  - more

Nickel prices lift Western Areas’ earnings



STRONGER nickel prices and rising production should see Western Areas chalk up a dividend payment this month on the back of $A107.3 million in half-year revenue.  - more

Drilling hints at what is to come for Sandfire



A NEW volcanic massive sulfide copper-gold province in a previously unloved area of Western Australia is fast revealing itself at Sandfire Resources’ Doolgunna property.  - more

Capital Watch: Mundo, Platina, Elemental and more



MUNDO Minerals is seeking to raise up to $A15.8 million to fund the development of its Brazilian Crista gold deposit and to repay debts.  - more

Campbell to head BHP iron ore business



BHP Billiton has welcomed Chris Campbell as president of its iron ore business, replacing Ian Ashby who will become the chief executive officer of the Pilbara iron ore joint venture with Rio Tinto.  - more

IOH adds another 26Mt



JUNIOR explorer Iron Ore Holdings has boosted its total iron ore inventory to 328 million tonnes after delivering an inferred mineral resource estimate for its Boundary prospect in Western Australia’s Pilbara.  - more

Resourcehouse secures Australia’s largest coal export



CLIVE Palmer’s burgeoning mining group, Resourcehouse, has secured Australia’s biggest export contract with a $US60 billion deal for its proposed China First coal mine and infrastructure project in the Galilee Basin in central Queensland.  - more

Avanco jumps on Rio Verde study



SHARES in Avanco Resources were trading higher after the company announced positive results for the scoping study on the Rio Verde copper project in Brazil, confirming low costs.  - more

Flinders upgrades Pilbara iron ore



FLINDERS Mines has upgraded the resource at its Pilbara iron ore project, with the new resource containing an indicated component for the first time.  - more

Uranium project is in a top neighbourhood



PERTH-based uranium explorer Marenica Energy has all the attributes of a newly-listed company. By Ron Berryman - RESOURCESTOCKS*  - more

South Hedland to get a facelift



THE Western Australian government is calling on developers to be involved in the revitalisation of South Hedland, under the Pilbara Cities initiative launched late last year.  - more

Shares plummet on debt fears



THE start of the weekend tomorrow will come as a relief for many market participants, after a horror day wiped millions off the value of Australian shares.  - more

Drilling boosts Cononish resource



RECENT drilling at Scotgold Resources’ Cononish project in Scotland has delivered a modest increase in gold and silver resources.  - more

Olympus begins ASX trading



SHARES in Southeast Asia-focused gold miner Olympus Pacific Minerals kicked off trading on the Australian Securities Exchange today following its merger with embattled gold junior Zedex Minerals.  - more


Commodities


sponsored by

Commodity   Current
Price
($US)
Change
($US)
Change
(%)
Previous
Price
($US)
LME Indicative          
Copper - Cash   6259.00 -108.50 -1.70 6367.50
Copper - 3Mth   6280.00 -110.00 -1.72 6390.00
Lead - Cash   1916.25 -29.25 -1.50 1945.50
Lead - 3Mth   1936.00 -28.50 -1.45 1964.50
Zinc - Cash   1924.25 -85.25 -4.24 2009.50
Zinc - 3Mth   1940.00 -81.00 -4.01 2021.00
Aluminum - Cash   1948.75 -63.50 -3.16 2012.25
Aluminum 3Mth   1980.00 -64.00 -3.13 2044.00
Nickel - Cash   16976.00 -676.00 -3.83 17652.00
Nickel - 3Mth   17050.00 -675.00 -3.81 17725.00
Tin - Cash   15391.00 -725.00 -4.50 16116.00
Tin - 3Mth   15450.00 -725.00 -4.48 16175.00
Comex          
Gold - Apr 10   1054.00 -9.00 -0.85 1063.00
Silver - Mar 10   14.88 -0.47 -3.06 15.35
Copper - Mar 10   285.75 -2.15 -0.75 287.90
Nymex          
Platinum - Apr 10   1475.10 -40.20 -2.65 1515.30
Palladium - Mar 10   398.25 -10.15 -2.49 408.40
London Metal          
Gold (AM Fix)   1052.25 -50.25 -4.56 1102.50
Gold (PM Fix)   1058.00 -25.25 -2.33 1083.25
Silver (Fix)   9.47 -0.21 -2.13 9.67
Energy          
WTI Spot   71.87 -1.41 -1.92 73.28
Light Crude - Mar 10   72.80 -0.34 -0.46 73.14
Currencies          
$A/$US   0.8684 0.0041 0.47 0.8643
STG/$US   1.5643 -0.0118 -0.75 1.5761
Euro/$US   1.3677 -0.0052 -0.38 1.3729
Euro/$A   1.5751 -0.0135 -0.85 1.5886
TABLE: Monday, February 8 2010 12:00AM GMT

Most Popular Stories


Dryblower on the tyranny of rising costs



FALLING stock markets are one side of the challenge facing the industry in the early weeks of 2010. The other, which Dryblower saw first-hand at last week’s Mining Indaba conference in Cape Town, is rising costs, especially government taxes, royalties and other charges.  - more

Drilling hints at what is to come for Sandfire



A NEW volcanic massive sulfide copper-gold province in a previously unloved area of Western Australia is fast revealing itself at Sandfire Resources’ Doolgunna property.  - more

Campbell to head BHP iron ore business



BHP Billiton has welcomed Chris Campbell as president of its iron ore business, replacing Ian Ashby who will become the chief executive officer of the Pilbara iron ore joint venture with Rio Tinto.  - more

India: Just a BRIC or the next Great Wall?



THIS week, Strictly Boardroom has been asking questions about the outlook for Indian metals consumption – and for metals production too for good measure. Here are some snapshot projections that paint a rosy outlook for India’s future contribution to the global metals scene. Allan Trench reveals some vital statistics.  - more

Oakajee: 10 years later



A PORT, rail, mine and steel mill at Oakajee. A decade ago it almost came off. As fresh plans are unveiled, Noel Dyson looks at what happened with the old version.  - more

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    Integra Mining Limited (“Integra”) is an aggressive Australian gold company with a proven discovery track record, a substantial gold resource base and a strong platform for building a significant new mid-tier Australian gold production house. The company’s flagship Randalls Gold Project, located 60 kilometres east of Kalgoorlie, is under construction and due to produce gold in the third quarter of 2010.  - more

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