News Articles for Andre Labuschagne

Straits seeks buyer after closing Indo mine

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Diversified miner Straits Resources has put its Mt Muro operation in Indonesia on care and maintenance and is seeking to sell the mine as soon as possible.

Muscillo joins Straits Resources

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Gold miner Straits Resources has appointed Michele Muscillo as a non-executive director.

Labuschagne chairs Straits

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Straits Resources managing director Andre Labuschagne has assumed the role of interim executive chairman, following the resignation of non-executive chairman Adrian Redlich.

Straits chairman Redlich resigns

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Straits Resources is on the lookout for a new chairman, following the resignation of incumbent Adrian Redlich less than six months after taking the job.

Straits to spin off copper, gold assets

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Straits Resources has announced a plan to separate its gold and copper assets into two ASX-listed entities, while also downgrading its production forecasts.

Straits partly restarts Indonesia operation

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One week after being ordered to halt its gold mining activities in Indonesia, Straits Resources has restarted part of its Mt Muro mine as talks continue over a disputed boundary lines.

Straits ordered to stop Indo operation

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Shares in Straits Resources have dropped after it suspended mining activities at its Indonesian operation in response to an order from the local government.

Norton's Labuschagne, Brainsbury join Straits

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Straits Resources has bolstered its management team, appointing former Norton Gold Fields executives Andre Labuschagne and Robert Brainsbury as chief executive and chief financial officer.

Norton aims to lower costs

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GOLD miner Norton Gold Fields is aiming to reduce costs at its Paddington operations near Kalgoorlie during the second half of the 2012 financial year to better compete with its low-cash peers.

Norton reduces debt facility

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Norton Gold Fields says it has reduced its debt to $51 million, after making a voluntary $15 million payment against its finance facility with Merrill Lynch.

Norton to reduce debt through placement

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Norton Gold Fields says it has completed a private placement to a Hong Kong-based investment group to raise $27.7 million and reduce its overall debt.

Norton completes coal asset sale

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Norton Gold Fields has completed the sale of its Sienna and Electra coal projects in Queensland to coal magnate Nathan Tinkler's Boardwalk Resources subsidiary, Boardwalk Sienna.