Lihir Gold and Equigold merger will create global gold major
A diversified portfolio of producing mines, low cash costs and a growth pipeline are the upshot of a merger between Lihir Gold (LGG-T, LIHR-Q) and Equigold (EQI-A), the companies say.
Australia, NZ & South Pacific
Aussie uranium juniors: from champagne to flat beer
PERTH, WESTERN AUSTRALIA — They were heady days for uranium juniors in late 2007, when uranium oxide’s spot price hit US$138 a lb. and new Australian uranium float listed on the Australian Stock Exch…
Nautilus gets developer for Solwara 1
Seafloor exploration-focused Nautilus Minerals( NUS-T)has awarded a contract to Technip USA Inc. to develop its deep sea Solwara 1 project, situated in the territorial waters of Papua New Guinea in th…
GBS Gold sees potential at Union Reefs deposits (May 01, 2008)
Recent drill results from GBS Gold International’s (GBS-T, GBSFF-O) Brocks Creek and Fountain Head mines, in Austra…
T’is the season to merge: Lihir Gold and Equigold next up
A diversified portfolio of producing mines, low cash costs and a growth pipeline are the upshot of a proposed merge…
Golden hole lifts Troy for second time
Vancouver – In early April results from the top half of a gold-rich hole at the Sandstone project in Australia boos…
Investor group takes 30% stake in Lake Giles iron ore project
Australian junior Macarthur Minerals (MMS-V) is capitalizing on Asian steel companies seeking to set up long-term…
Japan teams with Aussie junior in Cambodia (April 21, 2008)
A Japanese government-run company has agreed to spend US$4.5 million over three years on two of Southern Gold’s (SUTHF-O, SAU-A) Cambodian exploration projects.
Troy jumps on golden hole Down Under (April 21, 2008)
VANCOUVER–On the heels ofatemporary mill shutdown in Brazil that dragged its share price down, Troy Resources (TRY-T) rebounded with drill results out of Australia that prompted a 16% share gain.
Moly Mines boosts Spinifex Ridge resource (April 14, 2008)
VANCOUVER– Moly Mines (MOL-T, MOL-A) has announced a resource increase of more than 100% at its Spinifex Ridge molybdenum-copper project, located in the Pilbara region of Western Australia.
Bannerman plans production by 2011
With questions over the ability of juniors to bring on new supply seen as a significant factor in continuing high uranium prices, Bannerman Resources (BAN-T, BMN-A) is looking to distinguish itself fr…
Laramide cuts wide uranium at Westmoreland (April 14, 2008)
VANCOUVER — The latest round of drilling by Laramide Resources (LAM-T, LMRXF-O) at its Westmoreland uranium project in Australia’s Queensland state continue to confirm historic results and has return…