Customers for zinc from Australia's big Century zinc mine are having to look to buy concentrate elsewhere as stockpile runs out following pipeline burst. European smelters stand to be worst affected.
The image of Perth-based Tony Sage got another polishing today when his mining house disclosed it was behind what is believed to be Australia's biggest resource float this year.
One of Western Australia's emerging iron ore companies, Cape Lambert Iron Ore Ltd has picked up the copper cathode process plant and leases that were part of the assets of troubled Queensland company Matrix Metals Ltd.
Anglo-Australian miner Rio Tinto PLC (RTP) Friday said it would receive proceeds of at least $741 million from the initial public offering of western U.S. coal producer Cloud Peak Energy Inc.read more »
AngloGold Ashanti and De Beers will start an offshore search for gold off the coast of New Zealand as part of their newly formed joint venture.read more »
World Australian mining companies need to open themselves up to foreign investment if they are to reap the benefits of the global resources boom, according to BHP Billiton chief executive Marius Kloppers. Amid signs that global commodity demand isread more »
Further Australian Mining News Headlines from NewsMine
MIRABELA NICKEL LIMITED Friday, November 20, 2009
Mirabela Nickel announced that the commissioning of the Santa Rita processing plant has progressed to expectations with only minor rectification issues identified to date. All mechanical and electrical components have run to the current installed nameplate capacity of 4.6 million tonnes per annum. Property: SANTA RITA-BRAZIL (Complete Text of Nov 20, 2009 News Release)
KENT EXPLORATION INC. Friday, November 20, 2009
Kent Exploration announced that through its wholly owned subsidiaries, Archean Star Resources Australia Pty Ltd and Archean Star Resources Inc, it has entered into an Option Agreement with Teck Australia Pty Ltd, to earn 100% of Teck Australia’s interest in the Gnaweeda Gold Project, Western Australia. Teck Australia currently has the right to earn a minimum 70% interest in the project from Chalice Gold Mines Ltd. Property: GNAWEEDA (MURCHISON) (Complete Text of Nov 17, 2009 News Release)
TORO ENERGY LIMITED Friday, November 20, 2009
Toro Energy announced it successfully completed a share purchase plan to raise approximately A$21.09 m at $0.15 per share. Funds raised from the recent capital raising initiative add up to approximately $61 m. The proceeds will be applied to the Bankable Feasibility Study and approvals for the Wiluna Uranium Project, Western Australia, exploration initiatives such as the recent discovery at Lake MacKay, Western Australia, and strategic corporate and project consolidation opportunities. Property: LAKE MACKAY PROJECT and WILUNA (LAKE WAY/CENTIPEDE) (Complete Text of Nov 20, 2009 News Release)
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