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Cash backing: who can ride out the storm?
Friday, 5 December 2008 Kate Haycock
THE good news is that some juniors still have money – the question is, how long can they make it last while still exploring and developing projects?
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(5 December 2008)
EVERY Day Mine Services has been forced to reduce its workforce and cash costs as its mining customers scale back or suspend operations. - more
(4 December 2008)
IN A bid to quell concerns over its ability to refinance debt, embattled diversified miner OZ Minerals says it is not in payment default or in arrears under any of its financing facilities. - more
(4 December 2008)
PANAUST has signed spot sales contracts with a leading metals trader to deliver 110,000 dry metric tonnes of concentrate containing more than 27,000 tonnes of copper and nearly 30,000 ounces of gold. - more
(3 December 2008)
MAJOR mining services group Boart Longyear says it has revised down its revenue growth guidance for 2008 with total revenue now expected to be 18% higher than revenue for 2007, while 500 jobs have so far been cut across its operations. - more
(3 December 2008)
FOLLOWING the decision last month to suspend the stage 1 development of the Marillana iron ore project and proceed to stage 2, Brockman Resources has signed up engineering firm Ausenco as consultants for the pre-feasibility study. - more
(3 December 2008)
FOLLOWING a shortfall of shares in Minara Resources’ $A210 million capital raising, Swiss trading giant Glencore International will increase its stake to more than 70% in the Perth firm. - more
(5 January 2009)
NORWAY-focused junior Northern Iron has inked an offtake agreement with a Tata Steel subsidiary over ore from its Sydvaranger iron project. - more
(3 March 2009)
BOTSWANA Metals has completed an initial corporate and operating review in order to reduce spending. - more
(12 March 2009)
WITH the gold price still at record highs, the pace of gold de-hedging has remained high, and precious metals consultancy GFMS says gold miners will continue to get out of the hedging game as the practice remains on the nose with investors. - more
(6 November 2009)
JUNIOR explorer Emu Nickel says diamond drilling by its Emu Lake joint venture partner, Xstrata Nickel, has resulted in a new nickel sulfide zone at the Binti South prospect. - more
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