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ANZ launches first Australia bank ETFs in $14bn market

By: Reuters     Updated 44 minutes ago ANZ Banking Group said on Tuesday it would launch six exchange traded funds (ETFs) linked to currency, gold and equities, the first of Australia's major banks to venture into the fast-growing A$18-billion ($14-billion) domestic ETF market. ANZ, Australia's third largest lender by market value,... 

Mining to kick off at Lace mine ahead of schedule in H2

By: Natalie Greve     Updated 45 minutes ago Diamond developer DiamondCorp says development of the Upper K4 (UK4) mining block, at its flagship Lace diamond mine, in the Free State, is on schedule for mining operations to start in the second half of the year – several months ahead of the original development schedule. Underground core... 

Lobbying helped kill Australia iron ore inquiry - Senator

By: Reuters     Updated 55 minutes ago Lobbying by big miners helped kill a proposed Australian Senate inquiry into the iron ore industry after allegations they had colluded to depress prices and drive rivals out of business, the senator who had called for the inquiry said on Tuesday. Independent Senator Nick Xenophon had wanted the... 

Mincor restructures Kambalda ops in response to nickel price weakness

By: Esmarie Swanepoel     Updated 1 hour 7 minutes ago Australian nickel miner Mincor on Tuesday announced a revised mining plan at its operations in the Kambalda nickel district of Western Australia, which would lower capital spend and make about 50 positions redundant. In response to the ongoing weakness in the nickel price, Mincor said it would... 

Mwana execs to lead Chamber of Mines of Zimbabwe

By: Creamer Media Reporter      Updated 1 hour 13 minutes ago London-listed multicommodity miner Mwana Africa on Tuesday welcomed the appointment of two of its executives to the Chamber of Mines of Zimbabwe. Freda Rebecca gold mine MD Toindepi Muganyi was appointed president of the chamber, while Trojan nickel mine MD Batirai Manhando was appointed first... 

Oz Minerals broadens investment criteria to expand portfolio

By: Esmarie Swanepoel     Updated 1 hour 16 minutes ago Copper miner Oz Minerals has broadened its investment criteria for secondary projects in the gold and base metals sector and reported this week that it would also consider buying smaller and distressed assets to support its producing Prominent Hill copper mine, in South Australia. Chairperson... 

Mungana teams up with Newcrest to explore North Queensland project

By: Esmarie Swanepoel     Updated 1 hour 18 minutes ago Gold major Newcrest Mining would spend up to A$20-million over an eight-year period at ASX-listed Mungana Goldmines’ Chillagoe project, in North Queensland, under a newly signed exploration agreement. The two companies this week inked an agreement that required Newcrest to spend an initial... 

Macfarlane announces funding for resource extraction research

By: Esmarie Swanepoel     Updated 1 hour 32 minutes ago The federal government on Tuesday announced a A$74-million investment to boost resource extraction research and to support innovative manufacturing through the funding of two cooperative research centres (CRCs). Industry and Science Minister Ian Macfarlane on Tuesday stated that the CRC for... 

Macfarlane announces funding for resource extraction research
Photo by Appea
Minister Ian Macfarlane

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