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Panoramic changes Lanfranchi plans, dismisses staff

By: Esmarie Swanepoel     Updated 1 hour 54 minutes ago Nickel miner Panoramic Resources has suspended mining at its Deacon orebody, with in the Lanfranchi operations, in Western Australia, following an earlier seismic activity. Mining from the Deacon orebody was expected to decline in 2016 as the orebody was depleted, however, Panoramic took the... 

Syrah raises A$211m to fund Balama construction

By: Esmarie Swanepoel     Updated 2 hours 25 minutes ago Graphite developer Syrah Resources on Monday announced a A$211-million capital raise the fund the development of its Balama project, in Mozambique. The company would raise the funds through an institutional placement and pro-rata renounceable entitlement offer, which have both been fully... 

Straits detailes refinancing deal

By: Esmarie Swanepoel     Updated 2 hours 50 minutes ago Copper developer Straits Resources has inked a binding agreement with lender Standard Chartered Bank (SCB) and Asian investment firm PAG subsidiary PAG SPV to restructure its debt. Under the terms of the agreement, Straits’ $111-million outstanding debt with SCB would be reduced by more than 50%... 

Giorgetta calls on miners to educate communities on resource benefits

By: Esmarie Swanepoel     Updated 3 hours ago Diggers & Dealers forum chairperson Nick Giorgetta has called on the Australian mining industry to educate the broader community on the positive contribution being made by mining, in an effort to influence policy makers. Speaking on the first day of the Diggers & Dealers conference, Giorgetta... 

Gold Road picks a development option for Gruyere

By: Esmarie Swanepoel     Updated 3 hours ago The Stage 1 prefeasibilty study (PFS) into the Gruyere gold project, in Western Australia, has selected a 7.5-million tonne a year throughput rate as the most effective, giving the project a potential mine-life of between 10 to 15 years. The Stage 1 PFS also selected gas-fired power generation... 

WA's miners see 290% growth in last 15 years - Deloitte

Over the last 15 years, the value of Western Australia’s top 100 listed companies has grown by 290%, to some A$131.9-billion, advisory firm Deloitte reported on Monday. Ahead of the annual Diggers & Dealers conference, Deloitte released its 15th anniversary edition of the Western Australian... 

Canada-Nova Scotia Offshore Petroleum Board gets new chairperson

By: Henry Lazenby Onshore and offshore oil and gas industry veteran Roderick Keith MacLeod has been appointed as the new chairperson for the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB), which is responsible for the regulation of petroleum activities in the Nova Scotia offshore area. Canada’s Minister of... 

PotashCorp remains resolute to buy German rival, pares outlook

By: Henry Lazenby Canada’s Potash Corporation of Saskatchewan (PotashCorp) on Thursday reiterated its intentions to buy German rival K+S, saying it was prepared to make binding commitments to motivate its target’s management, which had so far rebuffed the unsolicited offer. PotashCorp president and CEO Jochen... 

PotashCorp remains resolute to buy German rival, pares outlook


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