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DISPUTES

Randgold and Exploration, PwC reach agreement over legal wrangle Restricted

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Minerals explorer Randgold & Exploration (R&E) and its former auditor PwC have concluded a settlement agreement in respect of a legal dispute arising from PwC's alleged failure to audit R&E properly, resulting in losses claimed by R&E, which are...
17th April 2014
 
 
GOLD

Andy Well delivers solid results for Doray Restricted

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Junior gold miner Doray Minerals produced 20 054 oz of gold during its second full quarter of production at the Andy Well gold mine, in Western Australia. MD Allan Kelly said that the production figures at Andy Well confirmed Doray’s position...
17th April 2014
 
 
GOLD

Record output for Mt Magnet - Ramelius Restricted

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ASX-listed Ramelius Resources has reported record quarterly gold production during the three months to March, driven by record output from its Mt Magnet project, in Western Australia. During the three months under review, Ramelius reported a...
17th April 2014
 
 
OIL & GAS

Woodside sales revenue soars in March Q Restricted

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ASX-listed Woodside Petroleum has reported a 15.9% increase in sales revenue for the first quarter ended March, compared with the previous corresponding period, as production and sales volumes were lifted. Revenue for the quarter reached...
17th April 2014
 
 
OIL & GAS

Santos sees slight upturn in production Restricted

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Australian oil and gas major Santos has reported an increase in production and sales for its first quarter ended March, compared with the previous corresponding period. Production for the quarter was up 1% to 12.2-million barrels of oil...
17th April 2014
 
 
GOLD

Perseus restarts Edikan Restricted

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Dual-listed gold miner Perseus Mining has restarted processing operations at its Edikan gold mine, in Ghana, seven days after a fire erupted at the plant. The fire started during scheduled maintenance and was brought under control within an hour....
17th April 2014
 
 
BASE METALS

350 Santa Rita workers on forced leave – Mirabela Restricted

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Embattled nickel miner Mirabela Nickel has warned that it would impose forced leave on around 350 staff at its Santa Rita mine, in Brazil, as it looked for funding to support ongoing operations at the mine. Mirabela, which went into voluntary...
17th April 2014
 
 
ENVIRONMENTAL PROTECTION

Linc Energy faces court action over alleged environmental harm Restricted

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Singapore listed Linc Energy on Thursday said that it would “staunchly” defend itself against claims by the Queensland government that the company’s Chinchilla underground coal gasification (UCG) research and development facility caused...
17th April 2014
 
 
GOLD

Evolution on track to meet FY guidance, may consider Edna May divestment Restricted

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Gold miner Evolution Mining has reported a solid quarter of production, and remains on track to reach its full-year production target of between 400 000 oz and 450 000 oz of gold. During the March quarter, Evolution delivered 101 408 oz of gold...
17th April 2014
 
 
COAL

More speed bumps in way of Indian coal block auction plans Restricted

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India’s maiden auction of captive coal blocks hit yet another snag with prospective bidders raising a red flag over alleged discrepancies in the reserves of the three blocks on offer. In a pre-bid meeting of prospective captive coal users...
17th April 2014
 
 
 
 
 
 
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Eskom in talks with miners in bid to replenish... Video
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