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GOLD

Barrick-Newmont tie-up could create new top flight Australia gold producer

Australia could spawn a new mega gold producer if Barrick Gold Corp and Newmont Mining Corp spin off their Asia-Pacific assets, heating up competition with the country's underperforming market leader Newcrest Mining Ltd. Barrick and Newmont have...
23rd April 2014
 
GOLD

Newcrest output down 11% on maintenance

Gold major Newcrest Mining has reported an 11% drop in production for the three months to March, but assured shareholders that it was on track to deliver on its full-year expectations. During the quarter under review, gold production declined to...
23rd April 2014
 
CAPITAL RAISING

Gulf raises cash for alloy smelter design, Singapore listing

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
 
Diversified miners

Norilsk’s Botswana mine reports stable sales, group optimistic about market trends

Russian major mining group MMC Norilsk Nickel (Norilsk), the world number one producer of nickel and palladium and a major producer of copper and platinum (with cobalt, gold, iridium, rhodium, ruthenium, selenium, silver, sulphur and tellurium as...
18th April 2014
 
GOLD

Gold price to average $1 225/oz in 2014 – GFMS

Weighing up the factors impacting the gold market this year, 2014 looks set to be a second year of price decline for gold, with precious metals consultancy Thomson Reuters GFMS continuing to forecast an average of $1 225/oz for the year. The...
17th April 2014
 
OIL & GAS

Santos sees slight upturn in production

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
 
MANGANESE

Romang Island small but robust - Robust

A scoping study by ASX-listed Robust Resources into its Romang Island manganese project, in Indonesia, has placed a capital cost of between $8-million and $10-million on the project development. Robust reported on Wednesday that the project...
16th April 2014
 
CORPORATE ACTIVITY

Intrepid gets cash for Tujuh Bukit stake

Dual-listed Intrepid Mines on Friday reported that it had received an $80-million cash payment after settling an ownership and control dispute around the Tujuh Bukit copper/gold project, in Indonesia. Shareholders voted earlier this week to...
11th April 2014
 
CORPORATE ACTIVITY

Scoping study delivers new investment for Augur

ASX-listed junior Augur Resources has welcomed a A$3.75-million investment from Indonesia’s Rajawali Group. The company said on Friday that following the positive scoping results on its Randu Kuning copper/gold deposit, Rajawali had exercised...
11th April 2014
 
NICKEL

BHP polishes up nickel unit as demerger talk swirls

Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia. Nickel West is among businesses that also include aluminium and manganese which BHP...
11th April 2014
 
FERROMANGANESE

Gulf unveils plans for $36m alloy smelter facility in Indonesia

ASX-listed junior Gulf Minerals on Thursday unveiled plans to develop an alloy smelter facility in Indonesia with the aim of being a major ferromanganese producer by 2018. The company was proposing to build eight furnaces over a three-year...
10th April 2014
 
COAL

Rio Tinto to submit new Australia coal mine plan after losing legal fight

Rio Tinto has lost a legal fight to expand its Warkworth coal mine in Australia, which the global miner said was necessary to maintain viability as coal markets weaken. Australia's Supreme Court on Monday dismissed an appeal by Rio Tinto to...
7th April 2014
 
 
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