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Mining

BRL signs MOU with China

Perth-based explorer Bauxite Resources has signed an MOU with a Chinese group, aimed at establishing a 'farm-in' type arrangement for exploration at the company's Darling Range tenements for all minerals other than bauxite.

NSL Health, Iron Ore Hill merger delayed

The propsed merger between NSL Health and Iron Ore HIll has been delayed, in part due to the significant downturn in world financial markets.

Resolute nears capital raising of $72.5m

Resolute Mining has finalised details of its capital raising aiming to generate up to $72.5 million to complete the re-development and ramp up of the Syama gold project in Mali and maintain the company's other development activities.

Mineral Resources profits could fall 32%

Mineral Resources has forecast its profits in the FY2009 could potentially fall by 32 per cent following this financial year's profit growth of 133 per cent.

Uranium stocks climb, lobby groups happy

Western Australia's uranium players have jumped up in trading today after the state government yesterday lifted a ban on uranium mining, a move strongly backed by WA business lobby groups.

GME cuts jobs, reduces project spending

GME Resources has pulled back on the planned expenditure on its NiWest Nickel Laterite Project, resulting in a number of redundancies to senior staff members.

Gov approval for Iluka's SA project

Iluka Resources has received government approval for its Jacinth-Ambrosia mineral sands project in South Australia.

OZ Minerals ends JV with Legend Mining

OZ Minerals has advised its joint venture partner, Legend Mining that it will not proceed any further with the proposed project at Mount Gibson.

Bannerman appoints Jubber as CEO

Bannerman Resources has appointed Len Jubber as its chief executive and secured a convertible note facility for up to $20 million with Resource Capital Funds.

Anvil hit by weak copper prices

Anvil Mining has blamed the sharp fall of copper prices, among other factors affecting the base metals mining sector generally, for poor third quarter results.

Straits Asia posts 350 pc profit jump

Coal miner Straits Asia Resources has posted a huge jump in net profit for the calender year to September.

Kiernan underpins Redbank Mines with $6m

Redbank Mines has agreed to a $6 million funding package from Crawley Investments, the unlisted investment vehicle of mining identity, Michael Kiernan.

Take no action: Perilya

Perilya has emphasised to its investors to take no action regarding a takeover offer from CBH Resources.

Mount Gibson to explore untouched region

Mount Gibson Iron has reached an in principle agreement with the Dambimangari Native Title Group for exploration of the western region of Koolan Island, which has, to date, never been drilled.

FMG steadies ship with new appointment

Fortescue Metals Group has appointed Paul Hallam as it's new head of operations.

Brazil: $400bn needed for oil

A top Brazilian official estimates $US400 billion ($608.27 billion) will be needed in the next decade to develop massive offshore oil finds.

Alcoa shelves Wagerup expansion

ALCOA has shelved the proposed expansion of the Wagerup alumina refinery in WA, estimated to cost approximately $3 billion, amid weakening demand and volatility in financial markets.

Rio cuts production, quiet on expansion

RIO Tinto is confident about the future demand from China for iron ore despite announcing it would scale back production at its operations in the Pilbara by 10 per cent.

Agencies appoint CEOs

THE state government has announced the appointment of chief executives for three of its major agencies as the focus turns to who will take the reigns at the departments set to be restructured.

Top award for Tafe lecturer

CENTRAL Tafe lecturer Charles Dornan has been named the 2008 Trade Skills Teacher of the Year in the mineral resources category, and is one of four finalists for the overall Australian Trades and Skil

Paladin maintains faith in uranium

URANIUM miner Paladin Energy says demand for the commodity, widely touted as a growth sector under the Liberal state government, remains extremely strong in the medium to long term.

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