AUSTRALASIA

Chalice Gold looking for 2-year payback on Eritrean gold mine

Thursday , 02 Sep 2010
The Western Australian explorer is upbeat about the potential of its Koka gold project in Eritrea, citing a target cash cost of US$338 per ounce.

Uranium price rise expected as Extract moves ahead with Rossing South

Thursday , 02 Sep 2010
As Extract progresses the big Rossing South (Husab) project in Namibia the prospect is for rising uranium prices ahead.

China doesn't like BHP Potash Corp bid - report

Thursday , 02 Sep 2010
According to reports in the Wall Street Journal, worries about future supplies of fertilizer, has meant that China's state run Sinochem is looking at a variety of options and has hired HSBC to help

Investors put $155 per share cap on BHP's Potash Corp bid

Thursday , 02 Sep 2010
According to a Reuters poll of 26 BHP shareholders, on average they felt that any offer above $155 would make the deal "prohibitively expensive".

Equinox to look beyond Zambia for expansion

Thursday , 02 Sep 2010
The Perth-based copper miner Equinox Minerals has started a quest for additional acquisitions now that the Lumwana copper project in Zambia is bedded down.

Sundance to make key decision on Mbalam iron project by year-end

Wednesday , 01 Sep 2010
The miner that lost its entire board in a plane crash earlier this year said it is still on track to achieve important project milestones by December

Discovery Metals to start Boseto copper/silver project construction in Q4

Wednesday , 01 Sep 2010
Construction should start up on Discovery Metals' big Boseto copper/silver project in Botswana in the fourth quarter.

Gold One now cashflow positive as gold production ramps up

Wednesday , 01 Sep 2010
JSE and ASX listed Gold One reported good progress at its Modder East gold mine near Johannesburg and potential of its exploration properties.

Australian investment into Africa continues to grow

Wednesday , 01 Sep 2010
Australia's Department of Foreign Affairs and Trade got the three-day Africa Downunder Conference in Perth off to a diplomatic start by pointing to the growing number of Australian companies venturing into Africa.

Shabangu puts global markets on notice

Wednesday , 01 Sep 2010
South Africa needs to conduct its mining industry differently and wants value-added mineral operations to help lift the country's mining performance

Newcrest's Lihir buy paves the way for increased gold M&A

Tuesday , 31 Aug 2010
A new top-tier of Australian gold producers is being created, one that is flush with cash and, indeed, analysts say many are already being sized up for takeovers.

Alberto Calderon - The man leading BHP's war room

Monday , 30 Aug 2010
Behind the scenes of BHP's bid for Potash Corp, Colombian, Alberto Calderon is taking a strategic approach

Rio Tinto to spend $1.6bn on new iron ore mine

Monday , 30 Aug 2010
The trans-national miner said it is pushing ahead with expansion plans in iron ore while it awaits competition authority clearance for a JV with BHP Billiton

Newcrest says Lihir deal to result in huge capital savings

Monday , 30 Aug 2010
The official takeover of big Papua New Guinea gold miner Lihir Gold by Australia's only world ranked, domestically-owned gold miner, will see it move into clear fourth place.

Newcrest willing to pursue further acquisitions

Monday , 30 Aug 2010
The Australian miner said it is comfortable with a gearing level of between 15 and 25% but, would be willing to step that up if an opportunity presented itself

Another South Australian iron ore project moves forward

Monday , 30 Aug 2010
South Australia's reputation as minerals State on the move gained another notch today when Western Plains came to an agreement with the Government to create an iron ore stockpiling centre in Port Pirie.

Gold output rising at World's No.2 producer

Sunday , 29 Aug 2010
Higher gold prices are certainly having a positive effect on Australian gold production which has risen 11% in the past year

BHP begins Potash charm offensive

Thursday , 26 Aug 2010
BHP CEO is to fly to North America this week in a bid to convince Potash Corp shareholders of the merits of a deal between the two firms

New Zealand epithermal gold find buoys Canadian-Kiwi junior

Thursday , 26 Aug 2010
New Zealand's mineral exploration hopes gained a shot in the arm with further promise being shown in the epithermal belt at the base of the Coromandel Peninsula on the North Island.

Huge Sudbury-like meteorite impact structure to be drilled for nickel

Thursday , 26 Aug 2010
The Impact Minerals/CITIC jv holding the majority of the Yarabubba Project in Western Australia are ready to start drilling in this Sudbury-like structure for nickel and possible pgms.

Forrest happy with Fortescue profit but awaits end to political limbo

Thursday , 26 Aug 2010
Fortescue Metals posted a 129% increase in profits but is still on tenterhooks as to whether or not a new mining tax will be implemented in Australia

Will Australian uranium begin to flow to India?

Wednesday , 25 Aug 2010
With a coalition government in Australia possible and the election result still too close to call India is focusing on the likelihood of Australia lifting its ban on uranium exports.

"Stunning" high-grade gold intercepts for Integra at Cock-Eyed Bob

Wednesday , 25 Aug 2010
Integra Mining's Randalls gold project continues to impress with new ‘spectacular' drilling results at the Cock-Eyed Bob prospect

BHP profits expected to impress, intimidate other potential bidders

Tuesday , 24 Aug 2010
Analysts expect the miner to report strong results this week with an emphasis on cashflows as well as the beginning of a charm offensive aimed at Potash Corp shareholders

Xstrata to take over Sphere Minerals for $381m

Tuesday , 24 Aug 2010
The agreed acquisition helps move the coal and base metals miner further into the iron ore sector

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