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$12m MoU to boost Paragon’s Lemphane project

By: Megan van Wyngaardt     Updated 8 minutes ago To fund Stage 1 of its Lemphane Kimberlite pipe project, Aim-listed Paragon Diamonds has singed a memorandum of understanding for a $12-million equity and debt financing package with investment group International Triangle General Trading (ITGT). The project, which is located in Lesotho among a... 

$12m MoU to boost Paragon’s Lemphane project

SCCL seeks to spread mining operations to eastern and central India

By: Ajoy K Das     Updated 24 minutes ago India’s Singareni Collieries Company Limited (SCCL) would spread its wings beyond its operational home base in southern India to eastern and central regions to achieve its production target of 80-million tonnes a year by 2020. The geographical expansion would include expanding its mining... 

Goa mining ban lifted but operations remain unattractive

By: Ajoy K Das     Updated 32 minutes ago The ban on iron-ore mining in the western Indian province of Goa might have been lifted but the resumption of mining operations to any significant volume was unlikely in the current environment of falling prices and the Indian government’s refusal to lower export taxes. According to an official... 

NSW faces gas price shock, not a gas shortage – researcher

By: Esmarie Swanepoel     Updated 1 hour 3 minutes ago Research conducted by the University of Melbourne, on behalf of The Australia Institute (TAI), has stated that gas demand in New South Wales could halve within the next decade, countermanding warnings from the industry that a gas shortage was imminent. The Australian Petroleum Producers and... 

Victoria maintains CSG ban while Parliamentary enquiry runs

By: Esmarie Swanepoel     Updated 1 hour 5 minutes ago The Australian Petroleum Production and Exploration Association (Appea) on Wednesday railed against the Victorian state government’s decision to maintain a moratorium on coal seam gas (CSG) exploration in the state, until a Parliamentary inquiry into the matter was concluded. In May last year,... 

Oz Minerals to downsize, relocate head office as it starts strategic review

By: Esmarie Swanepoel     Updated 1 hour 17 minutes ago The new MD and CEO of ASX-listed Oz Minerals on Wednesday announced a strategic review of the company’s operations, taking into account all aspects of the company, including costs and future opportunities. Andrew Cole told shareholders that the company needed to reshape itself to meet the... 

Oz Minerals to downsize, relocate head office as it starts strategic review

Mt Gibson flags A$850m to A$950m half-year impairment

By: Esmarie Swanepoel     Updated 1 hour 26 minutes ago Iron-ore miner Mount Gibson Iron on Wednesday warned of a noncash impairment of between A$850-million and A$950-million in its interim results for the period ended December. The impairment comes in light of the declining market conditions, as well as recent development at Mount Gibson’s Koolan... 

AGL suspends CSG project after chemical find at fracking site

By: Esmarie Swanepoel     Updated 1 hour 28 minutes ago ASX-listed AGL Energy has suspended pilot production testing at its Waukivory coal seam gas (CSG) pilot project, in New South Wales, after benzene, toluene, ethylbenzene and xylenes (BTEX) were detected in flow-back water from two of the four wells, and from an above-ground water storage tank.... 

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