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Botswana Diamonds to intensify Orapa exploration

     Updated 12 minutes ago Aim-listed Botswana Diamonds, through its 50:50 joint venture with Russian diamond miner Alrosa, would spend $1-million this year on the exploration of its licence at Orapa, Botswana. The JV partners were aiming to discover major new kimberlites during the year. 

Botswana Diamonds to intensify Orapa exploration

Noble picks up on Xanadu shortfall

By: Esmarie Swanepoel     Updated 2 hours 14 minutes ago Diversified supply chain group Noble has increased its shareholding in ASX-listed Xanadu Mines to 9%, after taking up a subscription shortfall in the company’s recent rights issue. Noble took up more than 5.5-million shares, at 12c each, for a total investment of A$665 746. 

Woodside’s A$2.75bn Wheatstone buy gains competition approval

By: Esmarie Swanepoel     Updated 2 hours 44 minutes ago The Australian Competition and Consumer Commission (ACCC) this week gave its blessing to ASX-listed Woodside’s $2.75-billion buy of Apache Corporation’s share in the Wheatstone liquefied natural gas (LNG) project. Under the sales agreement, Woodside would acquire Apache’s 13% interest in the... 

Fortescue refinances debt with $2.5bn issue

By: Esmarie Swanepoel     Updated 2 hours 51 minutes ago Iron-ore major Fortescue Metals on Thursday announced a multi-billion dollar refinancing that would result in the majority of the company’s debt maturing beyond 2021. The miner launched a new $2.5-billion senior secured debt issue, and offered holders of its 2017, 2018 and 2019 senior unsecured... 

Mining remains a main contributor to Australia’s GDP growth

By: Esmarie Swanepoel     Updated 2 hours 53 minutes ago The mining sector was one of the largest contributors to Australia’s 0.5% growth in gross domestic product (GDP) during the December quarter, the Australian Bureau of Statistics (ABS) revealed this week. Figures from the ABS showed iron-ore mining added about A$60.2-billion in gross value, while... 

Mining remains a main contributor to Australia’s GDP growth

EPA backs Chevron’s $10bn Gorgon LNG expansion plan

By: Esmarie Swanepoel     Updated 2 hours 55 minutes ago The Western Australian Environmental Protection Authority (EPA) this week backed US major Chevron’s plans to expand the Gorgon gas development to a fourth train, which would increase liquefied natural gas (LNG) production from 15-million to 20-million tonnes a year. The $10-billion fourth train... 

Transport options deliver savings at Nowa Nowa

By: Esmarie Swanepoel     Updated 2 hours 57 minutes ago Junior developer Eastern Iron on Thursday revealed that a modified transport plan for its proposed Nowa Nowa project, in Victoria, could drive down operating costs. A 2014 definitive feasibility study (DFS) estimated that a capital injection of A$33.6-million could deliver an openpit operation... 

Henty delivers more than expected - Unity

By: Esmarie Swanepoel     Updated 2 hours 58 minutes ago The Henty gold mine, in Tasmania, was delivering well above expectations, owner Unity Mining said this week, with the project delivering about 30% more ounces than expected. Based on preliminary results for the first two months of the March quarter, Henty had already produced 10 414 oz of gold,... 

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