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Eldorado offer not material: Andean


(7 September 2010)
ANDEAN Resources says Eldorado Gold’s multi-billion dollar takeover offer in August was not disclosed to the market as the board “did not consider it material to the company”.   - more

Exploration 2010

High-grade galore at Wattle Dam


(6 September 2010)
HIGH-grade results continue to pour in from Ramelius Resources’ Wattle Dam gold mine in Western Australia.  - more

More zinc at Citronen


Early results bode well for Signature


Thunder Bay North upgrade boosts Magma


Deal terms to accelerate Punt Hill search


Mount Weld gets bigger


Another upgrade for Sandfire


St Barbara grows King of the Hills


Stanmore unveils maiden Mackenzie resource


Another quick boost for Bathurst


Antofagasta makes first entry into Australia


  VIEW ALL STORIES on Exploration 2010


Mining Super Tax

MRRT clarification a sticking point


(7 September 2010)
THE Chamber of Minerals and Energy of Western Australia’s senior executive will travel to Canberra next week to seek an urgent clarification on the status of Labor’s proposed Minerals Resource Rent Tax.  - more

Hiring outlook uncertain for miners


$8B MRRT shortfall: report


Rio energy chief wants certainty


The political risk of tax hikes


MRRT clouds Macmahon’s short-term outlook


Mining tax drama hits Runge result


No MRRT backdown: Gillard


Industry takes heart in Labor swing


The Green unknown


MRRT may force FMG coal plans offshore


  VIEW ALL STORIES on Mining Super Tax




Click to view all Mining Super Tax stories
Dryblower

Dryblower plots the future of Australian mining

  - more


Strictly Boardroom

The origin of the species – chairmen of the board

  - more


The Metal Detective

China and the Brazilian iron rush

  - more

Outcrop

A green challenge

  - more



Breaking News


MRRT clarification a sticking point



THE Chamber of Minerals and Energy of Western Australia’s senior executive will travel to Canberra next week to seek an urgent clarification on the status of Labor’s proposed Minerals Resource Rent Tax.  - more

Western Areas smashes production guidance



EXCEEDING its forecast by 60% for the first two months of the new financial year bodes well for Western Areas hitting its nickel production target of 25,000 tonnes per annum from its Flying Fox and Spotted Quoll deposits.   - more

And the winner is…



AUSTRALIA paused earlier today as it was finally revealed that Julia Gillard’s Labor party will form a minority government.  - more

LDO seeks a Barnett back-off



Western Australian Premier Colin Barnett is contemplating “special legislation” to block the Vasse coal project near Margaret River, while LD Operations managing director Peter Ross is calling for a fair go.   - more

Mining Briefs: Consolidated Tin, Galaxy, Dragon and more



THE award of a mineral development licence for Consolidated Tin, the launch of high-grade lithium carbonate products by Galaxy Resources and drilling updates for Dragon Mining, Iron Road, Red 5, Bass Metals, Peninsula Minerals and Crusader Resources are the main headlines in Mining Briefs today.   - more

Kvanefjeld future remains foggy



SHARES in Greenland Minerals and Energy have slumped today after the company emerged from a five-week trading halt over the Greenland Government’s zero tolerance uranium policy.   - more

Labor to form government



IN what has been a dramatic day in Canberra, Julia Gillard and Labor have formed government after independent MPs Tony Windsor and Rob Oakeshott gave the party their blessing.  - more

China and the Brazilian iron rush



THEY’VE already taken chunky bites out of Australia and Africa. Is Brazilian iron ore next on the menu for China’s voracious steel mills? The Metal Detective by Stephen Bell   - more

St Barbara flags share consolidation



ST Barbara is seeking to attract international institutional investors with the gold miner announcing plans to consolidate its share base.   - more

Eldorado offer not material: Andean



ANDEAN Resources says Eldorado Gold’s multi-billion dollar takeover offer in August was not disclosed to the market as the board “did not consider it material to the company”.   - more

Xstrata case a warning to miners



A RECENT decision has reinforced the importance of compliance with cultural heritage obligations, writes McCullough Robertson partner Dominic McGann and senior associate Lyndal Hanrahan*  - more

Executive Outcomes: Adamus, FerrAus, Mantra and more



GOLD developer Adamus Resources has appointed current executive director and chief operating officer Mark Connelly as managing director and chief executive officer.  - more

Hiring outlook uncertain for miners



HIRING optimism in Australia’s mining sector is expected to take a dip by year’s end, with uncertainty brought on by the proposed mining tax impacting hiring expectations in the sector.   - more

Intierra Spotlight: In search of the next Andean



GOLDCORP announced last week it had agreed to buy Andean Resources for $C3.6 billion ($A3.8 billion). Andean is a good Australian-made story, based on a life-of-mine cash cost of $US198, one of the top discoveries of the past decade. So, is there another Andean out there?  - more

CuDeco drops legal claim



QUEENSLAND copper company CuDeco has reportedly dropped its $A200 million legal claim against online forum HotCopper without explanation.  - more

Environmental approval for Riviera in Brazil



EMERGING South American iron ore producer Riviera Resources has achieved a key milestone in Brazil after receiving state environmental approval for an installation and operational license over its Ponte Verde property.  - more

$8B MRRT shortfall: report



THE Gillard government’s proposed Minerals Resource Rent Tax is reportedly expected to deliver around $A8 billion less than initially forecast.  - more

Letters to the editor: Dryblower plots the future of Australian mining



YESTERDAY’S Dryblower sparked considerable interest with several readers responding to the column.  - more

Surat Basin energy powerhouse emerges



EFFICIENT underground mining methods, underground coal gasification technology, and the coal-rich Surat Basin of Queensland position MetroCoal as a future energy producer and supplier. By Lou Caruana - RESOURCESTOCKS*  - more

Mining briefs: Norton Gold Fields, Northern Star and more



NORTON Gold Fields now “unhedged”, record month at Paulsens for Northern Star, molybdenum results for Zamia Gold Mines and strong gold-silver intercepts for Arc Exploration all in today’s Mining Briefs.  - more

Stocks get into the groove



THE All Ordinaries neared a four-week high today, as the local market was again boosted by offshore leads.  - more

Rio energy chief wants certainty



WHILE the final outcome of the recent federal election is expected this week, Rio Tinto energy chief executive Doug Ritchie was more than willing to unload both barrels on our elected representatives.   - more

Chalice to go it alone, for now



EMERGING gold producer Chalice Gold Mines has pulled out of a planned regional joint venture with Newmont Mining Corporation in Eritrea.   - more

Early results bode well for Signature



INVESTORS have smiled on Signature Metals today with it shares up 15% after results from an internal scoping study indicated production at the Konongo gold play in Ghana can be lifted to 60,000 ounces for a modest capital cost of $US3-4 million ($A3.3-4.3 million).   - more

High-grade galore at Wattle Dam



HIGH-grade results continue to pour in from Ramelius Resources’ Wattle Dam gold mine in Western Australia.  - more


Commodities


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Commodity   Current Price ($US) Change ($US) Change (%) Previous Price ($US)
LME Indicative          
Copper - Cash   7693.50 60.25 0.79 7633.25
Copper - 3Mth   7709.00 63.00 0.82 7646.00
Lead - Cash   2168.25 27.25 1.27 2141.00
Lead - 3Mth   2196.00 28.00 1.29 2168.00
Zinc - Cash   2166.25 44.50 2.10 2121.75
Zinc - 3Mth   2196.00 45.00 2.09 2151.00
Aluminum - Cash   2165.00 44.00 2.07 2121.00
Aluminum 3Mth   2193.00 46.00 2.14 2147.00
Nickel - Cash   22105.00 553.00 2.57 21552.00
Nickel - 3Mth   22150.00 550.00 2.55 21600.00
Tin - Cash   20825.00 -370.00 -1.75 21195.00
Tin - 3Mth   20850.00 -350.00 -1.65 21200.00
Comex          
Gold - Dec 10   1251.10 -2.30 -0.18 1253.40
Silver - Dec 10   19.95 0.28 1.41 19.67
Copper - Dec 10   350.00 0.45 0.13 349.55
Nymex          
Platinum - Oct 10   1561.10 9.60 0.62 1551.50
Palladium - Dec 10   531.45 6.20 1.18 525.25
London Metal          
Gold (AM Fix)   1249.50 -2.50 -0.20 1252.00
Gold (PM Fix)   1249.00 8.50 0.69 1240.50
Silver (Fix)   12.93 0.11 0.87 12.82
Energy          
WTI - Oct 10   74.60 -0.42 -0.56 75.02
Currencies          
$A/$US   0.92 0.00 0.22 0.92
STG/$US   1.54 0.00 -0.25 1.54
Euro/$US   1.29 0.00 -0.11 1.29
Euro/$A   1.40 0.00 -0.34 1.41
TABLE: Tuesday, September 7, 2010, 12:00AM GMT

Most Popular Stories


Xstrata case a warning to miners



A RECENT decision has reinforced the importance of compliance with cultural heritage obligations, writes McCullough Robertson partner Dominic McGann and senior associate Lyndal Hanrahan*  - more

Dryblower plots the future of Australian mining



AFRICA’S gold boom was on full display in Australia last week at the Africa Downunder conference in Perth, and as Dryblower wandered around the event he had a curious thought. At what point will Australian goldminers produce more gold in Africa than Australia?  - more

Eldorado offer not material: Andean



ANDEAN Resources says Eldorado Gold’s multi-billion dollar takeover offer in August was not disclosed to the market as the board “did not consider it material to the company”.   - more

Letters to the editor: Dryblower plots the future of Australian mining



YESTERDAY’S Dryblower sparked considerable interest with several readers responding to the column.  - more

$8B MRRT shortfall: report



THE Gillard government’s proposed Minerals Resource Rent Tax is reportedly expected to deliver around $A8 billion less than initially forecast.  - more

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