Gold and nickel producer Independence Group has posted a 264 per cent increase in profit for the six months to December, on the back of increased production from its Jaguar and Tropicana operations and at lower costs.
The Australian Petroleum Production and Exploration Association has hit back at claims that members of the DomGas Alliance have supply concerns amid ongoing uncertainty over the North West Shelf joint marketing agreement.
Sydney-based AJ Lucas has partnered with French company Spiecapag to win the major contract on APA Group's $140 million expansion of its Eastern Goldfields gas pipeline.
AngloGold Ashanti's plans to raise $2.3 billion and create a London-listed entity to separate its international and South African assets have fallen through after its shareholders knocked back the proposal, leaving the gold miner with a high debt burden.
Gold producer AngloGold Ashanti has announced plans to separate its South African assets from its international mining assets through London-listed NewCo, whilst contemplating a rights issue to raise $2.3 billion to fund the restructure and pay off debt.
Mining services company Ausdrill has suffered a 148.5 per cent fall in full-year profit to make a loss of $43.9 million, on the back of $77.9 million in write-downs and impairment charges as a result of the diminished outlook for mining services.
Southern Cross Electrical Engineering has reported a $9.6 million slump in full-year profit to $7.7 million on the back of a 21 per cent fall in revenue to $218.2 million.
AngloGold Ashanti Australia has signed a $140 million agreement with natural gas infrastructure company APA Group for the transportation of natural gas to the Sunrise Dam and Tropicana gold mines in Western Australia.
Independence Group has provided some rare positive half-year results in the gold and nickel sectors, reporting a 30 per cent lift in net profit and lifting its interim dividend.
Mining services contractor Ausdrill says the award of $US300 million worth of new contracts to its African mining subsidiary bodes well for a better 2015 after a horror run in recent months.
Macmahon Holdings has returned to profitability but warned that tough conditions for companies servicing the mining industry are unlikely to pass anytime soon.
Independence Group has downsized forecasted quarterly gold production at its part-owned Tropicana gold mine, after producing first gold within budget and ahead of schedule.
The establishment of Ron Sayers' newest business shows the Ausdrill founder has lost none of his entrepreneurial flair but he also accepts the need for change at the large and diversified company.
Underground mining specialist Barminco has met all the forecasts it put in last year's draft prospectus but says it is unlikely to revive plans for a stockmarket float for at least two years.
INDIGENOUS contractor Carey Mining has taken another step towards diversifying its business by establishing a new jointly owned company focused on solar power installations in regional areas.
AngloGold Ashanti Ltd is continuing feasibility studies on its Tropicana gold joint venture project in Western Australia, with construction expected to start in 2009.
Australia's universities are highly competitive, especially in their pursuit of research dollars, yet some of the best research occurs when they collaborate.
Tanami Gold NL - 24-Nov-03
Is the successful bidder of AngloGold Australia Ltd's Western Tanami Project which hosts the high quality Coyote gold deposit.
A NEW farm-in agreement struck with AngloGold by Striker Resources NL is the carrot directors of Striker hope will entice investors as it spins off its gold and base metal assets.
RESOURCE company Anglogold has ignored a trend that's seen many successful businesses relocate to the east coast, deciding instead to move their headquarters from Melbourne to Perth.
