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Lady Annie sale for Cape Lambert


(11 March 2010)
CAPE Lambert Resources has ditched the proposed listing of Lady Annie spin-off Q Copper in favour of selling the Queensland project to a potential Asian buyer for around $A150 million.  - more

Australians Overseas 2010

Equinox flags throughput increase


(11 March 2010)
DUAL-listed Equinox Resources has initiated studies to increase the throughput rate at its Lumwana copper operation in Zambia to more than 30 million tonnes per annum and is continuing offtake and financial talks on a possible uranium stream.   - more

Adamus eyes $30.5M raising


Equinox closes $US400M loan deal


Mongolian coal to stoke Hunnu fire


Orocobre chases $21.4M raising, TSX listing


Mexican opportunity for OZ


Noble ups gold reserve in West Africa


Golden Rim acquires fifth Mali licence


Discovery, Transamine enter alliance


Lithium story grows for Orocobre


Sulfide promise lures Castle


  VIEW ALL STORIES on Australians Overseas 2010




Dryblower

Dryblower on how the great tax caper could hit mining

  - more


Strictly Boardroom

Uranium returns

  - more


The Metal Detective

Magnetite at a premium

  - more

Outcrop

Gold in Australia – a rethink

  - more



Breaking News


Gold in Australia – a rethink



PERHAPS we’ve been blinded by the high-grade glister abroad. The Outcrop by Robin Bromby  - more

Lady Annie sale for Cape Lambert



CAPE Lambert Resources has ditched the proposed listing of Lady Annie spin-off Q Copper in favour of selling the Queensland project to a potential Asian buyer for around $A150 million.  - more

PDAC president slams C-300



IN his introduction to the Prospectors and Developers Association of Canada convention, PDAC president Jon Baird ramped up the organisation's opposition to the C-300 bill that is being considered in Canada's Parliament. By Mining Journal’s Dominic Mercer  - more

Equinox flags throughput increase



DUAL-listed Equinox Resources has initiated studies to increase the throughput rate at its Lumwana copper operation in Zambia to more than 30 million tonnes per annum and is continuing offtake and financial talks on a possible uranium stream.   - more

Juno resources to shrink



EXCALIBUR Mining Corporation says preliminary findings of an independent review of resources at its Juno deposit at Tennant Creek have pointed to a likely substantial downgrade in indicated resources.  - more

Iron ore and coal exports at record high



STRONG demand from Asia, including Japan, the Republic of Korea and China, pushed Australia’s exports of iron ore and coal to record levels in the December 2009 quarter.   - more

St Barbara is King of the Hill



ST Barbara is looking to production of up to 275,000 ounces from its expanded Leonora Operations from 2011 after approving development of the King of the Hills underground project.   - more

CITIC Pacific secures workforce transport



CITIC Pacific Mining has signed an agreement with Skywest Airlines for a scheduled airline service between Perth and Karratha for workers at the massive Sino Iron project at Cape Preston.   - more

Arafura goes to Washington



AUSTRALIA’S rare earth element-focused Arafura Resources is heading off to the United States next week.  - more

GR to return to Solomon Islands



ALLIED Gold has provided GR Engineering Services with a letter of intent to award it the engineering, procurement and construction contract for the Gold Ridge project in the Solomon Islands.  - more

Flat as a tack



AFTER eight sessions of gains, the local market closed flat today thanks to weaker-than-expected economic data and a sell-off among the major miners.  - more

Mining Briefs: Cudeco, PlatAust, Silver Lake and more



SHARES in copper hopeful Cudeco jumped 15% today on news the company is in China and in discussion with parties over its flagship Rocklands project.  - more

Karratha next on upgrade list



AS part of its Pilbara Cities vision, the Western Australian State Government has today released the draft Karratha Revitalisation Plan and announced a new workers’ camp will be built in the town to ease the high demand for accommodation.   - more

Drilling extends Hera



NEW high-grade results from the Hera gold and base metals deposit in New South Wales have the potential to significantly grow resources, YTC Resources chief executive Rimas Kairaitis says.   - more

Melrose grows for Korab



KORAB Resources has delivered a 29% increase in the inferred resource at its Bungarra deposit, part of its Melrose gold project in Western Australia’s Eastern Goldfields region.   - more

Deposit taking shape for Kimberley Metals



NEW South Wales explorer Kimberley Metals is gearing up programs to confirm the viability of a mine development at the Pearse deposit and justify re-commissioning the Mineral Hill processing plant after reporting a series of high-grade hits.   - more

Harley progresses offtake talks in London



GUNSON Resources managing director David Harley has met with potential funding and offtake partners in London as he advances the company’s namesake project in South Australia towards a 2012 start-up.  - more

Balmoral receives environmental approval



ONLY days after responding to concerns about its funding arrangements, Australasian Resources has received final state government environmental approval for its Balmoral South iron ore project in the Pilbara.   - more

For those about to merge (we salute you)



JUST months after merging with Warwick Resources, Pilbara miner Atlas Iron and magnetite hopeful Aurox Resources have agreed to a friendly merger, with the deal being sealed over a beer before the AC/DC concert in Perth on Saturday night.  - more

Back on the hunt: exploration spend grows



EXPLORATION spending by Australian resource companies is back on the rise, in another sign of growing confidence in the local mining sector. New Australian Bureau of Statistics figures show that total exploration spending is rising, particularly in greenfield areas.  - more

The quarterly pricing regime



IRON ore is tipped to settle on a quarterly basis as BHP Billiton avoids annual contracts for coking coal. Mine Life senior resources analyst Gavin Wendt and Patersons Securities coal analyst Andrew Harrington look into the ramifications.  - more

Centurion’s new base



CENTURION Transport, which draws a huge part of its business from the resources sector, has officially opened its new $A40 million supply base. Supply Side by Noel Dyson  - more

Adamus eyes $30.5M raising



GOLD hopeful Adamus Resources is seeking to boost its coffers by up to $A30.5 million through a capital raising to accelerate exploration at its flagship Southern Ashanti project in Ghana.  - more

Equinox closes $US400M loan deal



EQUINOX Minerals has cleared the existing debt facilities hanging over the Lumwana copper mine in Zambia, having achieved financial close of its new $US400 million ($A437.4 million) corporate loan facility.  - more

Gold by year’s end for Golden West



GOLDEN West says it could be producing gold from its Wiluna West project by the end of the year, after upgrading resource estimates at the project today.  - more


Commodities


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Commodity   Current
Price
($US)
Change
($US)
Change
(%)
Previous
Price
($US)
LME Indicative          
Copper - Cash   7406.25 -69.00 -0.92 7475.25
Copper - 3Mth   7440.00 -70.00 -0.93 7510.00
Lead - Cash   2262.75 44.50 2.01 2218.25
Lead - 3Mth   2289.00 44.00 1.96 2245.00
Zinc - Cash   2347.75 1.50 0.06 2346.25
Zinc - 3Mth   2376.00 1.00 0.04 2375.00
Aluminum - Cash   2201.90 -25.85 -1.16 2227.75
Aluminum 3Mth   2232.00 -26.00 -1.15 2258.00
Nickel - Cash   21445.00 -730.00 -3.29 22175.00
Nickel - 3Mth   21520.00 -730.00 -3.28 22250.00
Tin - Cash   17675.00 196.00 1.12 17479.00
Tin - 3Mth   17750.00 200.00 1.14 17550.00
Comex          
Gold - Apr 10   1108.20 -14.10 -1.26 1122.30
Silver - May 10   17.31 -0.03 -0.16 17.34
Copper - May 10   336.90 -4.25 -1.25 341.15
Nymex          
Platinum - Apr 10   1590.20 -6.70 -0.42 1596.90
Palladium - Jun 10   464.65 -4.65 -0.99 469.30
London Metal          
Gold (AM Fix)   1124.50 4.50 0.40 1120.00
Gold (PM Fix)   1120.50 4.75 0.43 1115.75
Silver (Fix)   11.35 -0.15 -1.27 11.49
Energy          
WTI Spot   82.13 0.83 1.02 81.30
Light Crude - Apr 10   82.08 0.59 0.72 81.49
Currencies          
$A/$US   0.9152 0.001 0.11 0.9142
STG/$US   1.4979 -0.0016 -0.11 1.4994
Euro/$US   1.3656 0.0057 0.42 1.3599
Euro/$A   1.4922 0.0043 0.29 1.4878
TABLE: Wednesday, March 11 2010, 12:00AM GMT

Most Popular Stories


For those about to merge (we salute you)



JUST months after merging with Warwick Resources, Pilbara miner Atlas Iron and magnetite hopeful Aurox Resources have agreed to a friendly merger, with the deal being sealed over a beer before the AC/DC concert in Perth on Saturday night.  - more

Magnetite at a premium



AMID the death spasms of the iron ore benchmark system, a surprise package has emerged – premium-priced Australian magnetite. What is a tonne of magnetite concentrate worth? The Metal Detective, By Stephen Bell  - more

Dryblower on how the great tax caper could hit mining



TAX and banking seem remote topics when it comes to discussing mining. They’re not, as Dryblower will explain as he explores a curious phenomena known as “tax arbitrage”, an unfair financial advantage to be gained by setting up shop in Switzerland.  - more

Wright children win court battle



AFTER nine years of litigation, Hancock Prospecting has lost its share of the Rhodes Ridge iron ore deposit in the Pilbara, with the Western Australian Supreme Court ruling in favour of the children of late minerals prospector Peter Wright.  - more

Uranium returns



IN recent weeks Strictly Boardroom has revealed annualised shareholder returns for ASX-listed copper, gold, nickel and zinc companies. You guessed the subject for this week. Here comes a comparable analysis for uranium. Allan Trench lists the top-performing uranium juniors ranked by share price gain over the past year.  - more

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