Log in
Advertise Services
IGO’s Nova Mine will cease operations for several weeks after a fire started in the diesel engine room. No one was injured in the fire, but the West Australian mine safety authorises have launched an investigation into the incident. The mine is located in the Fraser Range, 160km east of Norseman. IGO’s acting chief executive, …
What You Missed in the New this Week
Surbiton Associates has announced Australian gold production for the September 22 quarter is down 9% from the June 22 quarter. The September quarter saw 76 tonnes compared to the 83 tonnes from the June quarter. Surbiton Associates director, Dr Sandra Close said gold production for the quarter is somewhat disappointing and stated “some wet weather …
What You Missed This Week in the News
BHP has offered Oz Minerals a takeover offer of $28.25/share, including $9.6B, three months after their initial unsolicited offer. BHP offered a$25/share, $8.4m takeover offer in August, which Oz Minerals rejected, saying it failed to properly value the company’s portfolio. The offer comes after the two renewed talks on Thursday, and Oz Minerals board have …
Tonight’s Top Story – Is Nickel The New Gold?
David Southam, Managing Director of Mincor Resources gave a lively presentation about their Kambalda operations and positioning themselves to be a major player in the Nickel sector. He boldly declared that: “Nickel is the new gold!”, which raised a few eyebrows before going on to give a compelling case. David is sure that we are …
Continue reading “Tonight’s Top Story – Is Nickel The New Gold?”
Morning News Bites – October 12
The largest mining conference in Australia has kicked off today, with Diggers and Dealers now underway. KCGM set to recruit 700 jobs in Kalgoorlie Boulder as the Premier announces a mining extension has been granted at Super Pit special event. Beacon Minerals Limited provided an update of activities at the Jaurdi Gold Project, announcing that …
Morning News Bites – Aug 13
In today’s Morning News Bites for August 13. Telstra has reported a full year profit of $1.84b, down 14.4 per cent on the previous year staying within the telco’s guidance range. Flight Centre Travel Group has developed a longer liquidity runway to help it overcome the challenges posed by COVID-19. Australian retail industry is hit the hardest …
Morning News Bites – Aug 12
In today’s Morning News Bites for August 12. Gold plummets over $100USoz. Clive Palmer looks to sue WA by 30 billion. Downer report a net loss of $156 million in FY20, attributable to its parent company. The commencement of a research project with Australia’s national science agency the CSIRO has been announced by Ardea Resources. …
Morning News Bites – July 10
China is not happy with the Australian Government’s offer to assist Hong Kong citizens with a pathway to residency. A Victorian won $80 million in Powerball Lotto, pretty ironic as they cant go anywhere to spend it and Spot Gold is at $1803US/oz Iron Ore – $107.05US/t and Nickel ended down on Wall Street trade …
