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WA’s key business still needs more support: CME, AMEC, CCI


(9 May 2008)
WESTERN Australia’s mining and business representative bodies have welcomed some measures in the 2008 State Budget but underlying this was the message that both state and federal governments must do more to support Australia’s key industry.  - more

Queensland Minerals

Austin bolsters Bowen capacity


(9 May 2008)
A MAJOR aftermarket dump truck body supplier this week used the BBY Mining Conference in Sydney to herald the recent $A4 million expansion of its Mackay workshop – one of numerous capacity upgrades it has carried out in a bid to meet the needs of a constantly expanding client base. Alex Forrest reports  - more

Qld legislates for resources action


Abbot points towards 50Mtpa


Wolfram in Queensland clothing


Queensland warns about mining emissions policy


Queensland's rocky riches


  VIEW ALL STORIES on Queensland Minerals


MNP Audio


The Metal Detective

Gindalbie: no takeover, but plenty of DSO

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Strictly Boardroom

Good slide title etiquette delivers a clear message

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Supply Side

Sandvik’s computer-controlled triple boomer

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Outcrop

Canberra, step up to the plate

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On Location

Focused on production

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Breaking News


Coates teams up with Minara



MINARA Resources, Australia’s second-largest nickel producer, has appointed Xstrata Australia chair Peter Coates as its new chairman.  - more

South Boulder Mines ‘disrespectful’: indigenous group



ASPIRING potash miner South Boulder Mines has come under fire from an organisation representing a group of indigenous landowners, over statements it made in relation to a recently signed exploration access agreement.  - more

Resources help lift market again



EQUITIES are starting to emerge from the rubble of the sub-prime crisis and the resultant credit crunch, with some hardy souls even venturing to suggest the market has bottomed out.  - more

Gleneagle sets sights on Mozambique tenements



GLENEAGLE Gold has moved closer to bagging six exploration tenements in Mozambique.  - more

2007 a golden year for silver



SILVER posted a solid performance in 2007 with the annual price for the white metal averaging $US13.38 an ounce – a 16% rise on 2006 – thanks to strong investor and industrial applications demand, according to a report by the Silver Institute and Gold Fields Mineral Services.  - more

Diatreme fast-tracks potentially lucrative heavy minerals project



BRISBANE-based explorer Diatreme Resources is bullish about its heavy mineral sands projects in the Eucla Basin with a 73,500m air core drilling program due to start soon.  - more

Chinese Republic



CLEARLY China is the new black. Anyone who’s anyone these days in the resources arena is either doing business or making plans to do business with the Chinese, so news of Republic Gold’s recent jaunt to the Asian nation should come as little surprise.  - more

Dispute with Portman over as Polaris gets Bungalbin rights



THE dispute between Polaris Metals and Portman over the Bungalbin tenements has finally been settled, with Polaris assuming rights over three iron ore tenements in Western Australia.  - more

WA’s key business still needs more support: CME, AMEC, CCI



WESTERN Australia’s mining and business representative bodies have welcomed some measures in the 2008 State Budget but underlying this was the message that both state and federal governments must do more to support Australia’s key industry.  - more

Chirundi viable at 1.3Mlb production a year



HOT on the heels of yesterday’s upgraded resource figures, Albidon and its joint venture partner African Energy Resources have released the details of a pre-feasibility study into the Chirundi uranium project in Zambia.  - more

Kalkaroo copper buoys Havilah



DIVERSIFIED metals explorer Havilah Resources has beefed up its copper credentials – and its share price – with further infill drilling results from the Kalkaroo project in South Australia.  - more

Austin bolsters Bowen capacity



A MAJOR aftermarket dump truck body supplier this week used the BBY Mining Conference in Sydney to herald the recent $A4 million expansion of its Mackay workshop – one of numerous capacity upgrades it has carried out in a bid to meet the needs of a constantly expanding client base. Alex Forrest reports  - more

Miner-backed vaccine trial ready to go



A BIOPHARMACEUTICALS company backed by the mining industry is waiting for the green light to proceed with a trial for an HIV/AIDS therapeutic vaccine in Southern Africa. By Kellie Guest  - more

Maximus soars on Canegrass target



SHARES in junior explorer Maximus Resources have shot up to an intraday high of A27.5c in morning trade on news of an exploration target of between 1.7 and 3 billion tonnes of iron ore discovered at its wholly-owned Canegrass iron ore-vanadium project near Windimurra in Western Australia.  - more

Challenge and opportunity: Mining in Mozambique



WITH massive social challenges including widespread poverty and unrest, mining in Mozambique is unlikely to be everyone’s cup of tea. However a handful of Australian and other international mining companies are answering the Mozambican Government’s call for increased foreign investment activity. By Charlotte Dudley  - more

Midwest nominates Yilgarn for port on deadline



MIDWEST Corporation has finally made an 11th hour nomination of Yilgarn Infrastructure for the Oakajee port tender.  - more

Baal Gammon gets green light



NORTH Queensland Metals has given its Baal Gammon copper-tin-silver-indium project in far north Queensland the thumbs up after a mine feasibility study confirmed the project was robust.  - more

WA bucks downward labour demand trend



DESPITE evidence of a softening labour market, new employment figures show mining boom state Western Australia is leading the demand for jobs growth, with a 2.7% increase in job ads for the month of April.  - more

Image hones its heavy mineral booty



MINERAL explorer Image Resources has announced a maiden heavy mineral resource of more than 260 million tonnes at 87% heavy mineral content.  - more

Citadel strengthens Saudi resource



CITADEL Resources has raised its profile as well as the resource at its Jabal Sayid copper-gold project in Saudi Arabia. By Wally Graham – RESOURCESTOCKS*  - more

Pilbara benefits from budget



THE Western Australian resources sector received some welcome news in the Carpenter Government’s 2008-09 budget, especially for those miners operating in the iron ore-rich Pilbara region.  - more

Fertile ground for phosphate hopefuls



AFTER a bruising start to the session, the market slowly clawed back some ground but miners were left at rather a loss. Livening up the day, however, was some exciting phosphate action.  - more

Chirundu JV partners buoyed by resource increase



JOINT venture partners in the Chirundu project, Albidon and African Energy Resources, have reported a partial conversion of inferred resources to indicated status at the Njame and Gwabe uranium deposits which has increased total uranium resources at the Zambian project by 5%.  - more

Yilgarn waits as deadline looms



WITH one day left until the deadline, Yilgarn Infrastructure has yet to receive its Oakajee Port nomination from iron ore miner Midwest Corporation.  - more

Phosphate news puts a rocket under Uramet



SHARES in junior explorer Uramet have soared by 250% on news that it has found phosphate rock samples of up to 32% at its tenements in the Georgina Basin in the Northern Territory and Queensland.  - more


Commodities


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Commodity   Current
Price
($US)
Change
($US)
Change
(%)
Previous
Price
($US)
LME Indicative          
Copper - Cash   8435.50 -150.50 -1.75 8586.00
Copper - 3Mth   8300.00 -130.00 -1.54 8430.00
Lead - Cash   2304.00 -98.50 -4.10 2402.50
Lead - 3Mth   2320.00 -100.00 -4.13 2420.00
Zinc - Cash   2190.00 -35.50 -1.60 2225.50
Zinc - 3Mth   2218.00 -35.00 -1.55 2253.00
Aluminum - Cash   2829.25 -44.00 -1.53 2873.25
Aluminum 3Mth   2875.00 -45.00 -1.54 2920.00
Nickel - Cash   27275.00 -1095.00 -3.86 28370.00
Nickel - 3Mth   27450.00 -1095.00 -3.84 28545.00
Tin - Cash   24510.00 430.00 1.79 24080.00
Tin - 3Mth   24475.00 475.00 1.98 24000.00
Comex          
Gold - Jun 08   882.10 10.90 1.25 871.20
Silver - Jul 08   16.87 0.18 1.05 16.70
Copper - Jul 08   378.75 -4.65 -1.21 383.40
Nymex          
Platinum - Jul 08   2042.30 73.30 3.72 1969.00
Palladium - Jun 08   435.90 10.15 2.38 425.75
London Metal          
Gold (AM Fix)   872.25 4.00 0.46 868.25
Gold (PM Fix)   877.00 8.75 1.01 868.25
Silver (Fix)   8.62 0.11 1.27 8.51
Energy          
WTI Spot   123.77 0.21 0.17 123.56
Light Crude - Jun 08   123.69 0.16 0.13 123.53
Currencies          
$A/$US   0.9438 0.0016 0.16 0.9422
STG/$US   1.9547 0.001 0.05 1.9537
Euro/$US   1.5397 0.0001 0.01 1.5395
Euro/$A   1.6314 -0.0026 -0.16 1.6339
TABLE: Friday, May 09, 2008 12:20 AM

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Canberra, step up to the plate



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