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IRON-ORE

Record production fuels Atlas Iron’s 2014 performance Restricted

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Record production has seen iron-ore miner Atlas Iron’s revenue reach all-time highs, while the company’s earnings before interest, taxes, depreciation and amortisation (Ebitda) also more than doubled. Iron-ore production during the full year...
28th August 2014
 
 
BAUXITE

Glencore wins Aurukun bauxite race - Qld govt Restricted

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The Queensland government on Thursday tapped multi-national Glencore as the preferred developer for the Aurukun bauxite deposit in Western Cape York. In March this year, the state government deferred a development decision on the bauxite project...
28th August 2014
 
 
BASE METALS

Tiger to buy rest of DRC project for $111m Restricted

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ASX-listed copper cathode producer Tiger Resources would spend $111-million to require the remaining 40% interest in its flagship Kipoi project, in the Democratic Republic of Congo (DRC). Tiger currently holds a 60% interest in the holding...
28th August 2014
 
 
CORPORATE ACTIVITY

Sandfire buys major stake in Canadian miner Restricted

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Copper-gold miner Sandfire Resources has acquired a 36% stake in TSX-listed copper developer Tintina Resources by investing some C$16-million. Sandfire on Thursday told shareholders that it had subscribed for 80-million shares in the Canadian...
28th August 2014
 
 
NICKEL

Higher nickel prices a boon for Panoramic Restricted

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Nickel miner Panoramic Resources has narrowed its loss during the full year ended June, as the company increased its output to take advantage of higher nickel prices. During the 2014 financial year, Panoramic reported a net loss of A$9.3-million,...
28th August 2014
 
 
coal

Indian govt toying with options for coal blocks declared illegal Restricted

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Indian Supreme Court, in New Delhi. The Indian government is scurrying to come up with options to place before the Supreme Court at its next hearing on September 1, when the fate of 213 coal blocks declared illegally allocated will be decided. The government is hoping that the apex...
28th August 2014
 
 
GOLD

Saracen swings into profit Restricted

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ASX-listed Saracen Mineral Holdings swung to profit during the year ended June, despite lower gold production. The Western Australia-focused gold miner this week reported that net profit after tax of A$6-million was recorded for 2014, compared...
28th August 2014
 
 
GOLD

Karouni impairment brings down Troy results Restricted

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A $61.2-million asset impairment charge on the Karouni gold project, in Guyana, has resulted in dual-listed Troy Resources reporting a net loss after tax of $59.1-million for the year ended June, compared with a net profit of $18.6-million in the...
28th August 2014
 
 
GOLD

Northern Star sets record profit in 2014 Restricted

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A larger asset base has resulted in record underlying profit for Australian gold miner Northern Star Resources during the year ended June. The miner on Thursday reported a 36% increase in underlying profit for the year, to A$36.8-million, up from...
28th August 2014
 
 
COAL

Resources Watch Video Available Restricted

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Transnet and Eskom offer coal boost for Exxaro; Gold Fields pilots two new mining methods at South Deep; More than 90% of SA’s seismic events are mining related.
28th August 2014
 
 
 
 
 
 
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Namaqualand Mines acquisition to become... Video
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Gold miners buck the price trend Video
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AngloGold churns out 1 600 oz using new technology Video
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Over 200 mining-related land claims... Audio
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