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Australasia
 
IRON-ORE

BHP cuts ribbon at Jimblebar

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Mining major BHP Billiton on Wednesday officially opened its Jimblebar iron-ore mine, in the Pilbara. The mine produced its first ore in the September quarter of last year, and was expected to deliver its phase-one capacity of 35-million tonnes a...
23rd April 2014
 
 
PLATINUM

Solidarity declares platinum belt partial disaster area

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Labour union Solidarity has declared the platinum belt a partial disaster area and sent in its helping-hand organisation to assist its non-striking members in the towns of Rustenburg, Brits and Mooinooi. “Non-strikers also lose a substantial...
22nd April 2014
 
 
URANIUM

Paladin production declines on Malawi mine closure

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Uranium miner Paladin Energy has reported a decline in production during the three months to March, after placing its Kayelekera mine, in Malawi, on care-and-maintenance in February. During the quarter under review, Paladin reported a combined...
22nd April 2014
 
 
CAPITAL RAISING

Gulf raises cash for alloy smelter design, Singapore listing

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ASX-listed junior Gulf Minerals Corporation would look to raise up to A$2.5-million to finalise the design of its proposed alloy smelter, in Indonesia, and to fund the listing on the Singapore Stock Exchange. The company said on Tuesday that it...
22nd April 2014
 
 
LITHIUM

Mining lease granted over Wolfsberg - Global Strategic Metals

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Metals explorer Global Strategic Metals has been granted mining leases over its 80% held Wolfsberg lithium project, in Austria. The ASX-listed junior had previously been granted a mining licence to carry out bulk mining activities at Wolfsberg,...
22nd April 2014
 
 
GOLD

Metals X restructures Higginsville royalty, looks to reinvest

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Diversified junior Metals X has restructured the royalty over the Higginsville gold operation, held by Morgon Stanley. The Higginsville operation was acquired as part of Metals X’s A$44-million takeover of fellow-listed Alacer Gold’s...
22nd April 2014
 
 
MINING SERVICES

Brierty wins Rio contract at West Angelas

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Mining giant Rio Tinto has awarded a A$9.9-million contract to civil and mining contractor Brierty at its West Angelas iron-ore mine, in Western Australia. Brierty and its joint venture partner Karlayura Construction Services would construct some...
22nd April 2014
 
 
TIN

Study estimates A$23.9m capital cost for Tasmania tin mine

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A prefeasibility study (PFS) for multi-metal developer Elementos’ Cleveland tin mine, in Tasmania, has estimated that a capital investment of A$23.9-million would be required to fund the first stage of the project. The PFS investigated the...
22nd April 2014
 
 
GOLD

Norton offer does not reflect value of main asset – Bullabulling

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Gold developer Bullabulling Gold on Tuesday told shareholders to hold off on selling their shares to fellow-listed gold miner Norton Gold Fields. On Thursday, Norton launched an all-cash takeover offer for Bullabulling, offering shareholders 7c a...
22nd April 2014
 
 
OIL & GAS

Oil Search output dips 5% on planned shutdown

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ASX-listed Oil Search has reported a 5% drop in production during the three months to March, compared with the December quarter, as a planned shutdown of its oil facilities impacted on production. Oil Search reported on Tuesday that production...
22nd April 2014
 
 
MINE SAFETY

OceanaGold suspends New Zealand openpit ops after wall crumbles

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Melbourne, Australia-based OceanaGold Corp on Monday reported that a section of the Macraes openpit west wall had failed on Saturday following heavy rainfall, blocking access to the underground mine. The TSX- and ASX-listed firm reported no...
21st April 2014
 
 
DIAMONDS

Rough diamond prices to bounce back in 2014 – lobby

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Natural rough diamond prices may rise 5% to 10% in 2014 on recovering demand for jewellery in developed and emerging markets, the head of Belgium's diamond lobby told Reuters in an interview. The global market came under pressure in 2013 as a...
21st April 2014
 
 
 
 
 
 
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