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Razorback economics improve on carbon tax drop

The abolishment of the carbon tax has given the business case of ASX-listed Royal Resources’ Razorback iron-ore project a boost of about A$100-million, the company said on Tuesday. Earlier this month, the Senate voted 39 to 32 in favour of...
22nd July 2014

ABM gets OK to mine Old Pirate

ASX-listed ABM Resources has received federal approval to start mining at its Old Pirate gold project, in the Northern Territory. The approval from the Department of Environment followed the receipt of approval from the Northern Territory...
22nd July 2014

Carpentaria secures port capacity for Hawsons

Junior developer Carpentaria Exploration has secured port access for up to 12-million tonnes a year at Port Pirie for its Hawsons joint venture (JV) iron-ore project, in New South Wales. Under the agreement, the Hawsons JV would have a first...
22nd July 2014

Boseto delivers a strong quarter for DML

Copper miner Discovery Metals Limited (DML) has reported its best quarter since mining operations started at the Boseto copper mine, in Botswana. The mine delivered 5 367 t of copper in concentrate during the quarter ended June, which included...
22nd July 2014

Bandanna resolves some Springsure Creek objections

Coal developer Bandanna Energy was facing one less impediment to the development of its Springsure Creek coal project, in Queensland, after a second objection to the project was withdrawn. In April this year, the ASX-listed Bandanna announced...
22nd July 2014

Oil Search ups full-year output

Full year production at ASX-listed Oil Search has exceeded expectations following a strong June quarter, the miner reported on Tuesday. Production in the fourth quarter reached 1.77-million barrels of oil equivalent, taking the full year...
22nd July 2014

Western Areas beats cost and production guidance

Nickel miner Western Areas has exceeded its cost and production expectations for the full year ended June, with the miner on Tuesday reporting a 7.4% decline in unit cash costs to A$2.50/lb, on the full-year guidance of A$2.70/lb. Full-year mine...
22nd July 2014

Newcrest faces class action over disclosure breaches

Gold miner Newcrest Mining is facing class action, after it admitted to breaching ASX disclosure rules. The miner reported on Tuesday that law firm Slater & Gordon had been instructed to start representative proceedings in the Federal Court...
22nd July 2014

Arrium delivers record shipments on new fleet

Iron-ore miner Arrium Mining and Materials, which owns mines in the Middleback Ranges of South Australia, on Monday reported record sales of 3.32-million tonnes for the quarter ended June 30, up 130 000 t on the previous quarter. The quarter's...
21st July 2014

Grande Côte reports first full production quarter

ASX-listed mineral sands miner Mineral Deposits Limited (MDL) has produced 11 463 t of ilmenite from its 50%-held Grande Côte project, in Senegal, during its first full quarter of production. Construction at Grande Côte was completed in the...
21st July 2014

Kin secures new cornerstone investor to fund Leonora buy

Junior developer Kin Mining has secured a A$3-million cornerstone investment from privately-held Geolord Resources to complete the acquisition of the Leonora gold project, in Western Australia. The ASX-listed junior announced on Monday that it...
21st July 2014

Explorers welcome Woomera news

ASX-listed explorers Trafford Resources and Monax Resources have welcomed the passing the Defence Legislation Amendment Bill, which would allow for access to the Woomera Prohibited Area (WPA), in South Australia. At the end of last week, the...
21st July 2014
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