AUSTRALASIA

Andean shares jump 10% on bid attempts

Monday , 06 Sep 2010
Talks of bigger gold resources at the Argentina-focused miner raised hopes of a further bid by Eldorado Gold, whose initial bid was trumped by one from Goldcorp, or others.

Junior explorer finds significant gold intersections in nickel mining region

Tuesday , 07 Sep 2010
Western Australian mineral explorer Hannans Reward has strengthened the potential of its exploration portfolio in the State with significant gold intersections in the Lake Johnston region.

Chinese officials order state firms to explore Potash Corp bid

Monday , 06 Sep 2010
According to a source with direct knowledge of the matter , as a result of the directive Sinochem is holding meetings with several banks

China Metallurgical Group to develop iron ore mine in W. Australia

Monday , 06 Sep 2010
According to The Australian Financial Review, the miner says, construction on the mine will start in mid-2012 and operations will begin in 2015

Bidding war prospects push Andean shares up 12%

Monday , 06 Sep 2010
Shares in the gold explorer jumped on Monday after Goldcorp launched a C$3.6bn bid for the company, trumping a bid by Eldorado Gold

Middle Island Resources to list with Newmont as cornerstone investor

Friday , 03 Sep 2010
Rick Yeates formerly Coffey Mining's GM for strategy has plans to list Middle Island Resources, a junior gold miner, on the ASX

More investment opportunities in Africa now than in the last 10 years

Friday , 03 Sep 2010
The African Lion 3 Venture Capital Fund, based in Melborne, told the Africa Downunder conference that it sees a lot of opportunities presenting themselves in Africa

Eldorado fumbles Andean Resources play as Goldcorp snatches the prize

Friday , 03 Sep 2010
Eldorado Gold was prepping for a conference call today to explain its "friendly" $3.2 billion bid for junior Andean Resources when Goldcorp intercepted the pass and apparently scored its goal.

Australian miners should take a stronger social approach in Africa - Coffey

Thursday , 02 Sep 2010
The mining consultancy says Australia's operators should develop a more inclusive approach in their dealings with their African partners to help deliver an increasingly socially workable environment.

Gryphon's Parsons reckons gold bull market has only just begun

Thursday , 02 Sep 2010
Gryphon Minerals looking to West Africa as its MD reckons gold is set to continue its upwards path.

Chalice Gold looking for 2-year payback on Eritrean gold mine

Thursday , 02 Sep 2010
The Western Australian explorer is upbeat about the potential of its Koka gold project in Eritrea, citing a target cash cost of US$338 per ounce.

Uranium price rise expected as Extract moves ahead with Rossing South

Thursday , 02 Sep 2010
As Extract progresses the big Rossing South (Husab) project in Namibia the prospect is for rising uranium prices ahead.

China doesn't like BHP Potash Corp bid - report

Thursday , 02 Sep 2010
According to reports in the Wall Street Journal, worries about future supplies of fertilizer, has meant that China's state run Sinochem is looking at a variety of options and has hired HSBC to help

Investors put $155 per share cap on BHP's Potash Corp bid

Thursday , 02 Sep 2010
According to a Reuters poll of 26 BHP shareholders, on average they felt that any offer above $155 would make the deal "prohibitively expensive".

Equinox to look beyond Zambia for expansion

Thursday , 02 Sep 2010
The Perth-based copper miner Equinox Minerals has started a quest for additional acquisitions now that the Lumwana copper project in Zambia is bedded down.

Sundance to make key decision on Mbalam iron project by year-end

Wednesday , 01 Sep 2010
The miner that lost its entire board in a plane crash earlier this year said it is still on track to achieve important project milestones by December

Discovery Metals to start Boseto copper/silver project construction in Q4

Wednesday , 01 Sep 2010
Construction should start up on Discovery Metals' big Boseto copper/silver project in Botswana in the fourth quarter.

Gold One now cashflow positive as gold production ramps up

Wednesday , 01 Sep 2010
JSE and ASX listed Gold One reported good progress at its Modder East gold mine near Johannesburg and potential of its exploration properties.

Australian investment into Africa continues to grow

Wednesday , 01 Sep 2010
Australia's Department of Foreign Affairs and Trade got the three-day Africa Downunder Conference in Perth off to a diplomatic start by pointing to the growing number of Australian companies venturing into Africa.

Shabangu puts global markets on notice

Wednesday , 01 Sep 2010
South Africa needs to conduct its mining industry differently and wants value-added mineral operations to help lift the country's mining performance

Newcrest's Lihir buy paves the way for increased gold M&A

Tuesday , 31 Aug 2010
A new top-tier of Australian gold producers is being created, one that is flush with cash and, indeed, analysts say many are already being sized up for takeovers.

Alberto Calderon - The man leading BHP's war room

Monday , 30 Aug 2010
Behind the scenes of BHP's bid for Potash Corp, Colombian, Alberto Calderon is taking a strategic approach

Rio Tinto to spend $1.6bn on new iron ore mine

Monday , 30 Aug 2010
The trans-national miner said it is pushing ahead with expansion plans in iron ore while it awaits competition authority clearance for a JV with BHP Billiton

Newcrest says Lihir deal to result in huge capital savings

Monday , 30 Aug 2010
The official takeover of big Papua New Guinea gold miner Lihir Gold by Australia's only world ranked, domestically-owned gold miner, will see it move into clear fourth place.

Newcrest willing to pursue further acquisitions

Monday , 30 Aug 2010
The Australian miner said it is comfortable with a gearing level of between 15 and 25% but, would be willing to step that up if an opportunity presented itself

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