Focus on cost reduction as volatile prices place strain on projects

Advisory firm Deloitte on Friday warned that the continued economic uncertainty, and consequent volatility in equity and commodity markets, were increasing pressures on major capital projects, prompting a focus on cost reduction and timely...

PINK DIAMONDS

Members of the Miriuwung and Gidja communities in Western Australia's Kimberley region “warded off evil spirits” at the official opening of the $2.12-billion block-cave expansion at Rio Tinto's Argyle diamond mine, where one-in-four workers is...

Aus resources sector to attract A$85bn in investment this year

Investment in the Australian resources sector was expected to peak at A$85-billion in 2013, with gas attracting the most investor attention, analytical firm Wood Mackenzie said on Thursday. Wood Mackenzie Australia upstream research head Chris...

DeGrussa gets added ounces - Sandfire

Copper miner Sandfire Resources has added some 64 000 t of copper and 93 000 oz of gold to the resource base at its DeGrussa mine, in Western Australia. The project’s mineral resource has now increased to some 13.8-million tons, grading 4.8%...

Energia's Carley Bore proves profitable

A scoping study into ASX-listed Energia Minerals’ Carley Bore uranium project, in Western Australia, has proven that the project is economically feasible. Energia told shareholders on Thursday that the scoping study estimated that the project...

Miners voice worry over exploration deduction changes

The Australian resources industry on Wednesday expressed concern that the federal government’s tax amendments, especially changes to deductions on exploration spend, could slow the search for new resources. In the 2013/14 Budget, federal...

Gold Road signs exploration JV with Sumitomo

Emerging gold producer Gold Road Resources has signed a joint venture (JV) exploration agreement with Sumitomo Metals Mining Oceania over the southern tenements of Gold Road’s Yamarna project. By spending some A$8-million on exploration between...

Glencore Xstrata Q1 results show solid performance from metals division

The newly merged Glencore Xstrata group on Monday posted combined first-quarter 2013 production results, which saw the metals and minerals division delivering solid results, despite some softening in prices towards the end of the quarter. The...

Moly Mines signs sales agreement with Mineral Resources

Dual-listed Moly Mines has entered into a mine gate sale agreement with ASX-listed Mineral Resources at its Spinifex Ridge iron-ore mine, in Western Australia. Under the transaction, ASX- and TSX-listed Moly Mines’ subsidiary Moly Metals...

Hope Downs 4 iron-ore project, Australia

The construction of the Hope Downs 4 project is nearing completion, with first ore leaving the mine on April 23.

Mt Cattlin mine, Australia

A pregmatite ore mine located about 2 km north of the town of Ravensthorpe, in Western Australia.

Company Announcement: Rights Issue to Raise $1.9 Million

Caravel Announces $1.9 M Rights Issue to Fund Australian Gold- Copper Exploration Strategy