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AUSTRALASIA

Panorama proposes takeover of Canadian PGM explorer Magma

Friday , 03 Feb 2012
The successful W. Australian nickel miner is offering almost a 87% premium for Perth-based PGM explorer Magma in an all-share offer.

BHP Billiton earmarks $779m to expand Australia iron ore port

Thursday , 02 Feb 2012
The expansion will enable BHP Billiton to boost annual iron ore shipments from Port Hedland in northwest Australia by 100 million tonnes, the company said.

Australia's iron lady on road to be world's wealthiest woman - Forbes

Thursday , 02 Feb 2012
According to Forbes magazine, Gina Rinehart, who signed a deal last month that will see POSCO take a 15% stake in her Roy Hill iron ore mine, could soon become the world's wealthiest woman.

Global financial crisis could push gold to $2,500/oz- Newcrest

Thursday , 02 Feb 2012
The world's third largest gold miner, says the metal could trade between $1,500/oz and $2,500/oz within five years as long as the global financial system remains in crisis mode.

Rio Tinto accepts CGNPC for Kalahari

Wednesday , 01 Feb 2012
Global miner Rio Tinto has accepted CGNPC's offer for its shares in Kalahari Minerals, the major shareholder in the giant Husab uranium project in Namibia.

Uranium output at Rio Tinto's ERA to recover in 2012

Wednesday , 01 Feb 2012
Energy Resources of Australia says it expects uranium output to recover to between 3,000 and 3,700 tonnes this year after mining interruptions drove it to a A$154 million loss in 2011.

MOD awaits assays from first Sams Creek drill holes

Tuesday , 31 Jan 2012
MOD Resources detailed the active search programme it is carrying out on New Zealand's largest undeveloped gold prospect - Sams Creek - in its latest quarterly report, released yesterday.

Lynas Corp warns against any move to shut Malaysia rare earths plant

Tuesday , 31 Jan 2012
The Australian miner said Tuesday that actions like the threat by Malaysia's opposition party that it would close its Rare Earths processing plant, could deter other foreign investment in the country.

Thaduna's copper allure grows for Perth junior explorer

Friday , 27 Jan 2012
A third phase of drilling now underway on the Thaduna-Green Dragon permits in the north Murchison region of W. Australia has shown a growing, rich-grade copper system.

Rio Tinto may push for ownership change at Oyu Tolgoi - Ivanhoe

Friday , 27 Jan 2012
According to a U.S. filing by the Canadian miner, Rio Tinto may push for a change in ownership at the massive Mongolian copper and gold mine and also plans to replace some Ivanhoe senior managers

Cliffs trims 2011 iron ore volumes outlook

Friday , 27 Jan 2012
The miner forecast 2011 sales of 7.4 million tons in its Eastern Canadian iron ore segment, down from its prior estimate of 8 million tons, hurt by lower pellet sales and delayed shipments.

Crocodile Gold targets higher 2012 production

Friday , 27 Jan 2012
The company plans to capitalise on its flagship Cosmo mine in Australia, which contributes more than 70% of total output, to increase production this year.

Cyclone Iggy heading towards Australia's Pilbara?

Friday , 27 Jan 2012
Cyclone Iggy is seen strengthening as it moves towards Australia's northwest coast on Friday, threatening the region's rich mining fields after shutting down some offshore oil production facilities.

Flowsheet development for potash from Australian greensands

Wednesday , 25 Jan 2012
Australia's Potash West has defined two flowsheets for extracting potash from a ‘world-scale' potash-bearing greensand resource in Western Australia

Silver Lake Resources, Phillips River to merge

Wednesday , 25 Jan 2012
In a deal supported by both companies, the growing gold miner to merge with another Western Australian company

Atlas Iron sees strong China demand

Wednesday , 25 Jan 2012
Australia's No.4 iron ore miner, Atlas Iron, says China's iron ore consumption rate is as strong as ever and expects it to pick up after the Chinese New Year.

Int'l Ferro Metals sees restocking in early Feb

Tuesday , 24 Jan 2012
Australia-based International Ferro Metals, whose production facilities are in South Africa, says there is a likelihood of ferrochrome restocking after the Chinese New Year in early February.

Australian junior hits more high grade gold on Plutonic Dome

Tuesday , 24 Jan 2012
A large project area acquired from Barrick Gold in the Glengarry Basin region of Western Australia is showing strong signs for high grade gold at depth.

Lynas Corp secures $225mn in bond sale

Tuesday , 24 Jan 2012
Lynas Corp has agreed to sell $225 million in convertible bonds to a new investor, giving the rare earths miner a cheaper source of funding to finish building its flagship plant in Malaysia.

Newcrest Mining's qtr gold production falls 20%

Tuesday , 24 Jan 2012
Dented by heavy rains in Papua New Guinea and lower ore grades, the company reported a 20% fall in quarterly production Monday, in line with its recent forecast.

Western Australian Labour's partial about-face on uranium

Monday , 23 Jan 2012
The Labor Party's new leader in W. Australia has agreed to allow already-approved uranium projects in the state to proceed.

Australia's resource sector under threat from skills drought

Thursday , 19 Jan 2012
Marketing groups see ageing professionals as a major problem not just for Australia's resources sector but also for the global mining community as a whole.

BHP Billiton's Australia coal rail line on track

Thursday , 19 Jan 2012
The global miner reports that its proposed rail corridor to link more of its coal mines in eastern Australia with coastal export terminals remains on target.

OZ Minerals set for big spend on Carrapateena

Wednesday , 18 Jan 2012
The Australian miner says it plans to spend about A$60m on the Carrapateena copper-gold project, about half of which will be used for exploration

BHP forecasts record iron ore output for 2012

Wednesday , 18 Jan 2012
The miner has forecast record iron ore production in 2012 after quarterly output jumped by a fifth, shrugging off concerns that top buyer China is facing an economic slowdown this year.

Australian Wet season impacts Argyle diamond production

Tuesday , 17 Jan 2012
The Argyle diamond mine, long a dominant force in the global diamond market saw production drop 14% year on year during the last quarter of 2011.

Race for Australian mine assets heats up

Tuesday , 17 Jan 2012
In what is likely to be upbeat year for Australian mining M&A, some large Asian and U.S. companies are ready to bet on the country's coal, iron ore and uranium assets to meet booming demand for power.