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COAL

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to the development of its Springsure Creek coal project, in Queensland, after a second objection to the project was withdrawn.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
 
EXPLORATION

Syndicated upgrades Barbara resource

ASX-listed explorer Syndicated Metals has reported an upgrade to the mineral resource at its Barbara copper project, in Queensland, with some 74% of the contained copper metal now classified as indicated. The junior company said on Friday that...
18th July 2014
 
CAPITAL RAISING

Red Metal raises cash for Queensland exploration

ASX-listed junior Red Metal was hoping to raise some A$5.1-million through a share placement to fund the step-out drilling at Maronan silver/lead project, in Queensland. The company announced that it had received firm confirmation for the...
17th July 2014
 
M&A

Caeneus sells Wee MacGregor to Cape Lambert subsidiary

Junior Caeneus Minerals has sold its Wee MacGregor copper project, in Queensland, to a subsidiary of fellow-listed Cape Lambert. Under the terms of the agreement with Mining International, Caeneus would divest of the Wee MacGregor project for...
17th July 2014
 
CARBON TAX

Mining industry cheers carbon tax abolishment

Tony Abbott Australian Prime Minister Tony Abbott on Thursday succeeded in his attempts to have the controversial carbon tax abolished. The Senate voted 39 to 32 in favour of killing the tax. It was introduced by previous Prime Minister Julia Gillard in 2012...
17th July 2014
 
Company Announcement

Boart Longyear to Be Major Sponsor of Australian Drilling Industry Association’s DRILL 2014 PDF Available

Boart Longyear www.BoartLongyear.com, the world’s leading provider of integrated drilling services, equipment and performance tooling, will be the major sponsor of the Australian Drilling Industry Association’s  DRILL 2014 conference on...
16th July 2014
 
COAL

Metallurgical coal prices likely at bottom, modest recovery expected – Moody’s

The metallurgical coal benchmark price remained at $120/t for the third quarter of the year, indicating that pricing was at or near a bottom; however, a modest recovery to $140/t was expected by the end of 2015, Moody’s Investor Service said on...
11th July 2014
 
COAL

Cockatoo acquires Japanese partner’s stake in Baralaba JV

ASX-listed coal miner Cockatoo Coal has moved to take full ownership of the Baralaba coal joint venture (JV), in Queensland, after reaching an agreement with partner JS Baralaba Wonbindi (JSBW), a subsidiary of Japan’s JFE Shoji Trade...
11th July 2014
 
BAUXITE

Metallica identifies 15 bauxite targets in Cape York

ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been...
11th July 2014
 
GOLD

Resolute warns of lower production in 2015

Gold miner Resolute Mining has reported full year production broadly in line with its expectations, but warned that 2015 output would be affected by the closure of its Golden Pride operation, in Tanzania, and lower grade at the Ravenswood mine, in...
9th July 2014
 
LEGISLATIVE ENVIRONMENT

30-year Qld resources vision paper open for public comment

The Queensland government was inviting public opinion on its proposed 30-year ResourcesQ vision, key elements of which included a new Resources Skills Centre of Excellence and a government ‘one-stop-shop’ for the resource industry. Minister...
9th July 2014
 
CORPORATE ACTIVITY

Baosteel, Aurizon move to wrap up Aquila takeover

The joint bidders for Australian diversified junior Aquila Resources would move to wrap-up the takeover, after gaining control of more than 90% of the company’s issued capital. China’s Baosteel and its partner Aurizon Operations said in a...
9th July 2014
 
 
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