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For those about to merge (we salute you)


(10 March 2010)
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

Australians Overseas 2010

Adamus eyes $30.5M raising


(10 March 2010)
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


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


Tailings provide sweetener for Signature


  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

Rags to riches

  - more



Breaking News


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

Mongolian coal to stoke Hunnu fire



AUSTRALIAN-Mongolian company Hunnu Coal has its sights firmly set on developing assets in a nation rich with possibility and abundant with coal resources. By Amanda Ellis - RESOURCESTOCKS*  - more

Atlas cuts its losses



ATLAS Iron has reduced its net loss for the December half year to $A24.4 million following a considerable jump in sales revenue for the period.  - more

Mining briefs: Azumah, Proto, Venture, Galaxy and more



WEST African gold explorer Azumah Resources has reported fresh assay results from drilling at the Julie and Collette prospects at the Wa Gold Project in Ghana.  - more

Orocobre chases $21.4M raising, TSX listing



LITHIUM developer Orocobre is chasing a $C20 million ($A21.4 million) private placement and plans to list on the Toronto Stock Exchange to help develop the company’s lithium assets, after yesterday announcing a new high-grade lithium and potassium brine discovery in Argentina.  - more

Newmont deal a positive for ABM



ABM Resources is spearheading its production aspirations with properties in the Tanami region of the Northern Territory that have sat dormant on the books of Newmont Mining Corporation since 2004.   - 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

Cashmere looks to ASX listing



UNLISTED public company Cashmere Iron is looking to an ASX listing after unveiling a plus 1 billion tonne JORC-compliant resource on its namesake property in Western Australia’s Mid West.   - 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

Mexican opportunity for OZ



A DEAL with OZ Minerals will accelerate exploration on one of Azure Minerals’ key projects in Mexico – its wholly owned San Eduardo property.  - more

Noble ups gold reserve in West Africa



NOBLE Mineral Resources has posted a major increase in the JORC-compliant measured, indicated and inferred gold resources at its west African Bibiani project.  - more

Westgold seeks legal advice to clarify clawback



ANGLOGOLD Ashanti has retained its clawback on Westgold Resources’ Rover deposit in the Northern Territory following the release of a maiden resource on the property last month, but it seems some of the finer details are still to be ironed out.  - more

FIRB ticks off on Venus play



VENUS Resources will become the latest Australian mining junior to accept significant Chinese investment, after the Foreign Investment Review Board ticked off on the farm-in and joint venture agreement between Venus and HD Mining and Investment.   - more

Executive Outcomes: Conquest, Ferrum Crescent, Uranex and more



FORMER Sino Gold chief executive officer Jake Klein has been appointed executive chairman of Conquest Mining.  - more

Eastern Dragon fires up



ELDORADO Gold has reported a 47% increase in the measured and indicated resource and a 42% rise in proven and probable gold reserves for its Eastern Dragon project in China’s Heilongjiang Province.  - more

Allied continues to grow resources



WITH new resources unveiled for the Pigiput and Pigibo deposits, Allied Gold is approaching a 10 million ounce base from its properties in Papua New Guinea and the Solomon Islands.  - more

Golden Rim acquires fifth Mali licence



GOLDEN Rim Resources has expanded its holdings in Mali, acquiring a fifth exploration tenement in the west African nation.   - more

Aldershot does Strategic deal in SA



A DEAL with Strategic Minerals Corporation has given Canadian uranium explorer Aldershot Resources a foothold on potential iron ore and iron-copper-gold-uranium targets at Martins Well in South Australia.  - more

People power



IT is estimated growth in the resources sector will create 136,000 new direct and indirect jobs over the next five years. While that is great news for the industry and the growth of the nation, the most urgent issue now is finding where all the skilled workers are going to come from.  - more


Commodities


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Commodity   Current
Price
($US)
Change
($US)
Change
(%)
Previous
Price
($US)
LME Indicative          
Copper - Cash   7475.25 38.50 0.52 7436.75
Copper - 3Mth   7510.00 40.00 0.54 7470.00
Lead - Cash   2218.25 -13.50 -0.60 2231.75
Lead - 3Mth   2245.00 -12.50 -0.55 2257.50
Zinc - Cash   2346.25 4.00 0.17 2342.25
Zinc - 3Mth   2375.00 5.00 0.21 2370.00
Aluminum - Cash   2227.75 27.50 1.25 2200.25
Aluminum 3Mth   2258.00 27.00 1.21 2231.00
Nickel - Cash   22175.00 -49.00 -0.22 22224.00
Nickel - 3Mth   22250.00 -50.00 -0.22 22300.00
Tin - Cash   17479.00 257.00 1.49 17222.00
Tin - 3Mth   17550.00 250.00 1.45 17300.00
Comex          
Gold - Apr 10   1122.30 -1.70 -0.15 1124.00
Silver - May 10   17.34 0.07 0.38 17.27
Copper - May 10   341.15 0.10 0.03 341.05
Nymex          
Platinum - Apr 10   1596.90 -3.20 -0.20 1600.10
Palladium - Jun 10   469.30 -2.05 -0.43 471.35
London Metal          
Gold (AM Fix)   1120.00 -14.00 -1.23 1134.00
Gold (PM Fix)   1115.75 -10.00 -0.89 1125.75
Silver (Fix)   11.53 0.10 0.88 11.43
Energy          
WTI Spot   81.39 -0.07 -0.09 81.46
Light Crude - Apr 10   81.50 -0.37 -0.45 81.87
Currencies          
$A/$US   0.9142 0.0049 0.53 0.9093
STG/$US   1.4994 -0.0073 -0.49 1.5068
Euro/$US   1.3599 -0.0035 -0.26 1.3634
Euro/$A   1.4878 -0.0115 -0.76 1.4993
TABLE: Wednesday, March 10 2010, 12:00AM GMT

Most Popular Stories


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

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

Executive Outcomes: Conquest, Ferrum Crescent, Uranex and more



FORMER Sino Gold chief executive officer Jake Klein has been appointed executive chairman of Conquest Mining.  - more

Mexican opportunity for OZ



A DEAL with OZ Minerals will accelerate exploration on one of Azure Minerals’ key projects in Mexico – its wholly owned San Eduardo property.  - more

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    Group Geologist



    Polymetals has set an aggressive growth strategy and requires an experienced Group Geologist, with strong exploration expertise, to join the team. The Group Geologist provides strategic and technical advice, analysis and options in support of the achievement of Polymetals goals. A competitive package will reflect the candidate's credentials and experience. For more information, and to apply online, please visit http://ApplyNow.net.au/Job16522  - more

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