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Australasia
METALS STORAGE
Manufacturers turn up heat on LME over metals warehousing
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Big industrial metals users are leaning heavily on the London Metal Exchange (LME) to fix its controversial metal storage system, although they have limited alternatives to relying on the exchange's global benchmark contracts.
Firms running...
By: Reuters
24th May 2013
BASE METALS
Disruptions tighten copper supply, surplus narrows
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A series of copper mine shutdowns and supply logjams has prompted some analysts to scale down forecasts for a market surplus, but it would take more disruptions to swing the market into a deficit.
"People are making adjustments, we certainly are....
By: Reuters
24th May 2013
OIL & GAS
Technical challenges, costs limit shale gas’ global impact
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Despite the resources sector’s optimism, shale gas was expected to remain a largely regional resource over the next three years, with an uncertain global impact as a result of the increased technical challenges and higher development costs of...
24th May 2013
DIVERSIFIED MINERS
Australia extends helping hand to resource countries
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Federal Resources Minister Gary Gray this week released an assessment of how Australia could assist other countries to sustainably develop their mineral and energy resources.
A report by Geoscience Australia details the known mineral and energy...
24th May 2013
BASE METALS
KBL outlines cost reduction plan
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Metals miner KBL Mining on Friday said that it was undertaking a number of cost-cutting measures, including reducing staff, in light of recent market volatility.
The miner also announced that it was looking at selling equity stakes in its...
24th May 2013
DIVERSIFIED MINERS
Mining sector to continue facing price, currency pressures
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The mining industry would remain under pressure from unprecedented price and currency volatility for the next few years, as the sector approached demand/supply equilibrium, advisory firm Ernst & Young (E&Y) reported on Friday.
In a white paper...
24th May 2013
COAL
Anglo's Drayton South faces more scrutiny
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New South Wales Minister for Planning and Infrastructure Brad Hazzard has called for further scrutiny of Anglo American’s Drayton South coal mine, after community concerns were raised.
Hazzard said this week, that he had written to the...
24th May 2013
PORT INFRASTRUCTURE
Centrex welcomes govt backing
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The South Australian government has given Major Project status to iron-ore developer Centrex Metals’ Stage 2 development of its Port Spencer.
In December last year, the A$250-million Port Spencer project was approved by the state government....
24th May 2013
HEALTH & SAFETY
Illegal miner dies at PT Antam mine
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An illegal miner was killed and five others were injured at ASX-listed PT Antam’s gold operation, in West Java, after one of the tunnels operated by the illegal miners collapsed.
The company said on Friday that its emergency response group,...
24th May 2013
COAL
Australia coal firms dig in for years of mine closures, job cuts
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Australian coal miners are steeling themselves for years of production cuts, job reductions and asset sales as swelling shipments from international rivals lower hopes of a recovery in prices for coal.
Prices have slumped around 30% since their...
By: Reuters
24th May 2013
Nickel
Norilsk changes Africa, Australia CEOs, reports first quarter outputs
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World number one nickel and palladium producer MMC Norilsk Nickel (Norilsk) has announced that the new CEO of Norilsk Nickel Africa is Michael Marriott, who was previously the Deputy Director of Norilsk’s Overseas Production Assets Department....
By: Keith Campbell
24th May 2013
PEOPLE
Glencore set to appoint Caplan as aluminium boss - source
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Trader Andrew Caplan is set to become the new head of Glencore Xstrata's aluminium division after the departure of veteran Gary Fegel, a source with direct knowledge of the situation said.
A relative newcomer by Glencore standards, Caplan joined...
By: Reuters
23rd May 2013
Topics in these articles
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Australasia Multimedia
Motlatsi proposes new migrant labour deal
New technology potential game changer – AngloGold
Mozambique gold project advancing – Auroch
Dynamics of mining industry changing – Auroch
AngloGold Ashanti to cut $500m costs, sell Navachab, suspend Mongbwalu
Mining doomed if ‘crazy’ pay increases continue – Nick Holland
Mining needs more regulatory certainty, efficiency, safety – Carolus
Looming China/Africa head-on collision – Solomon
Greater degree of certainty emerging in SA mining – CoM
Motlatsi proposes new migrant labour deal 
New technology potential game changer –...
Mozambique gold project advancing – Auroch
Dynamics of mining industry changing – Auroch
AngloGold Ashanti to cut $500m costs, sell...
Mining doomed if ‘crazy’ pay increases...
Mining needs more regulatory certainty,...
Looming China/Africa head-on collision – Solomon
Greater degree of certainty emerging in SA...
Underground coal gasification has key role to play in Southern Africa
Wits Gold plans...
GFMS predicts new gold highs in 2010, warns on 'vulnerability'
IFC wants to get...
Pan African seeking govt help after 13 trespassing gold miners are found dead
Better diamond...
First production under its belt, now Equinox eyes Lumwana expansions
South Africa’s State mining company gazetting ‘concerning’ – Chamber
Zinc surplus may be lower than forecast on shutdowns - Teck's Lindsay
Underground coal gasification has key... 
Wits Gold plans to move De Bron into...
GFMS predicts new gold highs in 2010,...
IFC wants to get in early on...
Pan African seeking govt help after...
Better diamond demand possible as...
First production under its belt, now...
South Africa’s State mining company...
Zinc surplus may be lower than...
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