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Australia, NZ & South Pacific
Alacer celebrates a year with stellar results
Roughly a year after it was forged out of the merger of Anatolia Minerals and Avoca Resources, Alacer Gold (ASR-T) showed the market that its operations are humming along, and that its aggressive exploration program could be set to pay near…
Western Australia to expand Esperance port
The government of Western Australia’s decision to expand capacity at the Esperance port will benefit companies like Macarthur Minerals (MMS-T, MMSDF-O) and others active in the emerging iron ore sector in the Yilgarn area.
Crocodile applauds Luxor’s higher offer
Luxor Capital Group has increased its partial offer for Crocodile Gold (crk-t), which operates gold mines in Australia. The New York-based investment company has raised its bid from US56¢ a share to US62¢ to buy 215.4 million…
BHP boosts copper resources at Spence by 700%
Resources at BHP Billiton’s (BHP-N, BLT-L) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year US$30-million brownfield exploration program.
Luxor turns Crocodile hunter
Luxor Capital Group, a New York-based investment company, has launched a partial bid for Crocodile Gold (CRK-T), which operates gold mines in Australia.
Lower metal prices force Moly Mines to halt project development
Lower prices and a higher Australian dollar have combined to force Moly Mines (MOL-T) to put its Spinifex Ridge molybdenum-copper project on hold.
China sets first tranche of 2012 REE export quotas
China has determined that its first tranche of export quotas for rare earth elements in 2012 will be 10,546 tonnes, down 27% from its first tranche of export quotas in 2011, but the China Daily reported that officials at the Ministry of…
Salmon River posts resource at Mt. Manning North
The Mt. Manning iron ore deposit in the Yilgarn region of Western Australia has inferred resources of 124 million tonnes grading 25.4% iron at a cut-off grade of 20% iron, reports Salmon River Resources (SAL-V).
Crocodile may get a lowball offer
Luxor Capital Group, a New York-based investment company, intends to make a partial bid for Crocodile Gold (crk-t), which operates gold mines in Australia.
Intrepid continues to expand Tumpangpitu
Vancouver – For the third time in a little over a year Australia-based Intrepid Mines (IAU-T, IAU-A) has added hundreds of millions of inferred tonnes at the Tujuh Bukit gold-copper project in Indonesia.
First Point stakes new nickel prospects
Nickel-iron alloy explorer First Point Minerals (FPX-V) has discovered promising showings of awaruite mineralization in Australia and the Yukon. The company has staked large land packages surrounding the showings and will look to drill both…