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Export earnings to decline in 2014/15, but outlook still positive – BREE

By: Esmarie Swanepoel     Updated 44 minutes ago Softer commodity prices would result in a 1.4% decrease to Australia’s mineral and export commodity earnings during 2015, the Bureau of Resources and Energy Economics (BREE) reported on Friday. During 2014/15, mineral and energy commodity export earnings would fall to A$192-billion, compared... 

Export earnings to decline in 2014/15, but outlook still positive – BREE

Mirabela says Q3 production solid

By: Esmarie Swanepoel     Updated 53 minutes ago Embattled nickel miner Mirabela Nickel has reported a solid quarter, despite being in administration. Production during the three months to the end of September reached 2 628 t of nickel in concentrate. This compares with 2 767 t produced during the previous quarter. 

Red River raises cash to further Kagara assets

By: Esmarie Swanepoel     Updated 1 hour 16 minutes ago ASX-listed junior Red River Resources has raised A$3.6-million through a share placement to fund project development activities and the restart of exploration at its Southern Region assets, in Queensland. The company said on Friday that some 20-million shares would be placed, at a price of 18c... 

PanTerra investigates other gold opportunities

By: Esmarie Swanepoel     Updated 1 hour 26 minutes ago Gold miner PanTerra Gold on Friday told shareholders that it was reviewing a number of acquisition or merger opportunities, and was currently contemplating five specific mine developments, as its Las Lagunas mine continued to deliver below expectations. An earlier review process had revealed... 

IFC backs Peak's rare earths project

By: Esmarie Swanepoel     Updated 1 hour 39 minutes ago The International Finance Corporation (IFC) has signed on to ASX-listed Peak Resources’ Ngualla rare earths project, in Tanzania, by joining a consortium with Appian Natural Resources Fund. In September, Peak announced that Jersey-based private equity investor Appian had agreed to a total... 

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

By: Esmarie Swanepoel     Updated 1 hour 47 minutes ago While largely living up to its popular nickname the ‘Lucky Country’ by remaining relatively untouched by the global financial crisis, Australia – and more specifically its resources sector – has not been immune to falling commodity prices. The declining prices of coal and iron-ore, in particular,... 

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

TNG raises cash for Mt Peake studies

By: Esmarie Swanepoel     Updated 1 hour 51 minutes ago Vanadium developer TNG would raise some A$5-million under a capital raising to institutional and sophisticated investors. The ASX-listed company would issue some 50-million shares, at a price of 10c each, to raise the capital, which would be used to complete the feasibility study on the Mount... 

BHP sets sights on another $3.5bn in yearly productivity gains

By: Esmarie Swanepoel     Updated 1 hour 54 minutes ago Mining giant BHP Billiton said on Friday that it was targeting further productivity gains, with the company operating more like an advanced manufacturer than a traditional resource company. “By the end of the 2017 financial year, we are targeting at least $3.5-billion of additional annualised... 

BHP sets sights on another $3.5bn in yearly productivity gains

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