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Base metals & graphite

Junior miner’s optimism for Mozambique projects boosted

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Australian junior Metals of Africa (MTA) has reported encouraging results at both its Mozambican projects. These are the Montepuez Graphite project in Cabo Delgado province and the Rio Mazoe (including Changara) base metals project in Tete...
25th July 2014
 
 
MINING EQUIPMENT

Caterpillar posts higher quarterly profit

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Caterpillar on Thursday reported higher-than-expected second-quarter earnings as a rebound in sales to builders offset a continued slump in the mining sector. The company, the world's largest maker of earth-moving equipment, posted a...
24th July 2014
 
 
MINING SERVICES

Mining project studies on the increase – DRA Video Available

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The awarding of studies for potential mining projects is on the increase, says DRA CEO Paul Thomson, who spoke to Mining Weekly Online on the eve of his company’s thirtieth anniversary celebrations. The head of the 3 000-employee project house,...
24th July 2014
 
 
GOLD

Gold production drops for Beadell in June quarter

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Gold junior Beadell Resources has reported a drop in gold production during the June quarter, compared with the previous quarter, as rainfall affected the company’s Tucano operations, in Brazil. During the three months to June, gold production...
24th July 2014
 
 
CORPORATE ACTIVITY

Robust tells shareholders to take no action on Stanhill offer

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The directors of ASX-listed Robust Resources have implored shareholders to take no action regarding an increased takeover bid from Stanhill Capital Partners Holdings, after the firm reported that it had acquired a 19.9% interest in the metals...
24th July 2014
 
 
GOLD

Exterra PFS proves up at Second Fortune

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A prefeasibility study (PFS) into ASX-listed junior Exterra Resources’ Second Fortune underground mine, at the Linden gold project in Western Australia, has proven positive. The PFS estimates that the mine could produce about 56 6000 oz of gold...
24th July 2014
 
 
IRON-ORE

Atlas eyes up to A$80m/y in cost savings

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Iron-ore miner Atlas Iron is targeting production of 13-million tonnes during the 2015 financial year, MD Ken Brinsden said on Thursday, also revealing that the company would undertake a cost-cutting initiative to save between A$50-million and...
24th July 2014
 
 
GOLD

Norton increases gold production in second quarter

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ASX-listed gold miner Norton Gold Fields has reported an increased gold production during the three months ended June, with the miner producing 42 324 oz of gold. This was up from the 38 600 oz of gold produced in the previous quarter.
24th July 2014
 
 
GOLD

Newcrest warns of up A$2.5bn asset impairment

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Gold major Newcrest Mining on Thursday warned of a possible combined asset impairment of between A$1.5-billion and A$2.5-billion at its Lihir, Telfer and Bonikro assets during the full year ended June. This was in addition to the A$47-million...
24th July 2014
 
 
COPPER

Hillgrove gets approval for Kanmantoo extension

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The South Australian government has approved copper miner Hillgrove Resources’ mine-life extension at its flagship Kanmantoo copper project. The miner said on Thursday that the Department of State Development had approved the programme for...
24th July 2014
 
 
CAPITAL RAISING

Thudelarra raises cash for exploration

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Minerals explorer Thundelarra would raise some A$7.5-million through a share placement to institutional, professional and sophisticated investors, the ASX-listed junior said on Thursday. The company would issue more than 39.4-million shares, at...
24th July 2014
 
 
COPPER

Straits sets copper output records in 2014

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Copper miner Straits Resources reported record production of 26 422 t during the year ended June 30. The Tritton copper mine, in New South Wales, exceeded its production expectations of 26 000 t for the full year, Straits said on Thursday.
24th July 2014
 
 
 
 
 
 
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