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Latest News

Horseshoe waits for better days

By: Esmarie Swanepoel     Updated 9 minutes ago ASX-listed junior Horseshoe Metals would have to wait for an increase in commodity prices before considering the development of its Horseshoe Lights copper-gold project, in Western Australia. A scoping study into the project, which is estimated to host some 12.85-million tonnes of resource,... 

LNG suppliers hoping for increased demand from China - WoodMac

By: Esmarie Swanepoel     Updated 31 minutes ago The prices of liquefied natural gas (LNG) may be put under pressure in 2015, given the relatively low oil price environment, and the uncertain demand from China, advisory firm Wood Mackenzie (WoodMac) reported this week. In its Horizons outlook report, WoodMac analyst noted that during 2014,... 

LNG suppliers hoping for increased demand from China - WoodMac

Kin identifies possible early start at Leonora

By: Esmarie Swanepoel     Updated 2 hours 52 minutes ago ASX-listed developer Kin Mining on Friday announced the potential of a near-term production opportunity at its recently acquired Leonora gold project, in Western Australia. The company told shareholders that following the interrogation of the Leonora database, the company has identified... 

Vimy adds to Mulga Rock resource

By: Esmarie Swanepoel     Updated 4 hours ago Uranium developer Vimy Resources, previously known as Energy and Minerals Australia, has reported a 60% increase in the resource estimate at Princess deposit, at its Mulga Rock uranium project in Western Australia. The Princess deposit is now estimated to host a resource of 3.8-million tonnes,... 

Falling prices prompt BC and MinRes to amend agreement

By: Esmarie Swanepoel     Updated 5 hours ago Iron-ore miner BC Iron and fellow-listed Mineral Resources have amended the terms of the existing Iron Valley iron-ore sales agreement, in an effort to negate the declining market conditions. Mineral Resources signed the initial Iron Valley agreement with Iron Ore Holdings (IOH) in February last... 

Santos gest a $1bn buffer

By: Esmarie Swanepoel     Updated 5 hours ago Oil and gas major Santos has secured an additional $1-billion bilateral bank loan facility, to enhance the company’s liquidity profile and financial flexibility. CFO Andrew Seaton said that the new three-year facility further strengthened the company’s conservative liquidity profile. 

Blackham eyes 2015 start at Matilda

By: Esmarie Swanepoel     Updated 5 hours ago Junior gold developer Blackham Resources was hoping to start production at its 4.4-million ounce Matilda project, in Western Australia, by the end of 2015, pending financing. The company reported on Friday that discussions were ongoing with a number of potential funders which have expressed... 

Peru OKs environmental study for Southern Copper mine expansion

By: Reuters     Updated 7 hours ago Peru approved the environmental study for Southern Copper's $1.2-billion expansion of its Toquepala mine, a project expected to raise copper output by 100 000 t/y, the government said on Thursday. Construction on the expansion, which will add a new concentrator at the mine and boost its tailings... 

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