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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. →
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. →
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... →
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... →
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... →
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... →
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... →
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,... →