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GOLD

Excelsior reduces Kalgoorlie North openpit mining costs

Gold hopeful Excelsior Gold on Friday reported that it could reduce the expected openpit mining costs at its Kalgoorlie North project by between 10% and 20%. The estimate was made after Excelsior received proposals from 28 mining contractors in...
19th September 2014
 
GOLD

OceanaGold confirms unsuccessful Alacer approaches

Dual-listed gold miner OceanaGold on Friday confirmed that it had made several attempts to gain control of fellow gold miner Alacer Gold. Responding to market speculation, OceanaGold told shareholders that since February this year, the company...
19th September 2014
 
M&A

IOH urges remaining shareholders to accept BC offer

Takeover target Iron Ore Holdings (IOH) on Friday told shareholders that it would start an active campaign recommending the takeover offer from fellow-listed BC Iron, after its second largest shareholder also accepted the offer. Earlier this...
19th September 2014
 
COPPER

DML halts Botswana underground development on funding issue

Copper miner Discovery Metals Limited (DML) has placed the development of its Zeta underground mine, at the Boseto copper project, in Botswana, on hold. The miner said this week that a proposed A$25.7-million rights issue, which was announced at...
19th September 2014
 
CAPITAL RAISE

Rox raises cash to fund Fisher East work

Explorer Rox Resources has raised A$4.5-million in a share placement. The company announced on Friday that it had placed about 104.6-million shares, in a single tranche, priced at 4.3c a share. The funds raised would allow the company to continue...
19th September 2014
 
FERROUS METALS

Tawana to build pilot plant at Liberia iron-ore project next year

ASX-listed Tawana Resources announced at the Paydirt 2014 Africa Down Under Conference in Perth earlier this month that it plans to build a pilot plant on site at its iron-ore Mofe Creek project in Liberia next year, which will focus on vocational...
19th September 2014
 
COAL

Calls for action after trespassers enter Maules Creek

The New South Wales Minerals Council has called for state government intervention after trespassers entered the much contested Maules Creek mine, owned by ASX-listed Whitehaven Coal. The Minerals Council claimed that the trespassers cut down 187...
18th September 2014
 
OIL & GAS

AWE-Origin onshore gas find may be WA’s largest since 1960s

The share price of ASX-listed oil and gas company AWE increased by nearly 15% on Thursday after the company announced a major onshore gas discovery in Western Australia. The company said that a gross contingent resource of between 65-billion...
18th September 2014
 
DELISTING

TSX to delist gold miner Besra next month

Gold miner Besra was being forced from the TSX, after the bourse determined that the company had failed to meet its continued listing requirements. Besra’s shares would be delisted from the TSX at the close of business on October 17.
18th September 2014
 
IRON-ORE

Lincoln awarded groundwater licence in South Australia

ASX-listed junior Lincoln Minerals on Thursday announced that it had received a groundwater licence for its proposed iron-ore mine in South Australia. In August this year, the Environment, Resources and Development Court of South Australian...
18th September 2014
 
MINING SERVICES

WA leads the way for autonomous mining - Minister

Western Australia will this week play host to International Organisation for Standardisation (ISO), which is in Perth to examine the state's proposed new code for autonomous mining. Western Australia is leading the global implementation of...
18th September 2014
 
IRON-ORE

IronClad still hoping for November start at Wilcherry Hill

Junior IronClad Mining was still hoping for a November start to its Wilcherry Hill iron-ore project, in South Australia, if offtake discussions with fellow-listed Arrium could be concluded and mining and transport contracts put in place. IronClad...
18th September 2014
 
 
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