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Global Mining News in real time

Esmarie Swanepoel

 

Assistant Editor - Online for Mining Weekly

Received BTech degree in Journalism from the Tshwane University of Technology

Empire raises cash to fund growth plans

26th March 2015 ASX-listed Empire Oil and Gas on Thursday announced that it would raise A$15.7-million in a share placement and rights offer as part of its growth strategy. The explorer noted that the raising would comprise of a A$5.5-million share placement to sophisticated and institutional investors, priced... 

Report shows Australian miners’ tax burden has risen in recent years

26th March 2015 A new report commissioned by the Minerals Council of Australia (MCA) has revealed that mining tax ratios in the Australian mining industry were at, or above, the long-term average, despite legislative reforms. In the report, titled 'Mining Tax Ratios Revisited', author Chris Richardson, a... 

ACCC wants Forrest to explain call for iron-ore production cap

26th March 2015 The Australian Competition and Consumer Commission (ACCC) has called on mining magnate Andrew Forrest to explain his calls for iron-ore producers to work together to cap production to halt the fall of the iron-ore price. “The ACCC will be looking closely at Forrest’s comments and the context in... 

Valence waves off first graphite

26th March 2015 ASX-listed Valence Industries has exported its first graphite out of Port Lincoln from the Uley graphite project, in South Australia. Some 20 t of flake graphite was trucked from Port Lincoln to Valence Industries’ Port Adelaide logistics handling facility in preparation for export to customers... 

Sumatra raises funds for Tembang development

26th March 2015 Gold developer Sumatra Copper & Gold would raise A$5.1-million through the placement of CHESS depository interests (CDIs) to professional and sophisticated investors. Under the terms of the placement, Sumatra would issue more than 88.52-million CDIs, representing some 13% of the total CDIs on... 

Glencore to shut NSW underground coal mine

26th March 2015 Mining major Glencore on Thursday announced that underground mining at its West Wallsend coal mine, in New South Wales, would be completed next year. The decision to cease underground mining was consistent with the life-of-mine planning for the West Wallsend operation, the miner said. 

Northern Iron needs more help to secure financial future

26th March 2015 Despite implementing a number of contract renegotiations, iron-ore miner Northern Iron on Thursday told shareholders that more work would be required to secure the company’s financial future. The company in January warned that more funding would be required if Northern Iron was to continue as a... 

Do not hide from debate, NSW Minister tells oil and gas players

25th March 2015 New South Wales Energy Minister Anthony Roberts has called on oil and gas players in the state to have greater involvement in swaying public opinion on favour of the industry. “Do not hide from the debate,” Roberts said at the Domestic Gas Outlook conference, in Sydney this week. 

Sigh of relief as WA holds royalty rates steady

25th March 2015 The Western Australian mining industry breathed a sigh of relief as Mines and Petroleum Minister Bill Marmion announced that there would be no changes in royalty rates during the year. Marmion on Wednesday released the results of the Mineral Royalty Rate Analysis (MRRA), which made a number of... 

WA oil and gas job losses loom, Woodside confirms cuts

25th March 2015 Australian oil and gas major Woodside on Wednesday confirmed that it would cut about 300 staff from its payroll, while reports emerged that US major Chevron was mulling the halving of its 4 000-strong Western Australian workforce. Reports suggested that Chevron had informed its staff to prepare... 

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