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Australasia
 
URANIUM

Cameco not likely done with M&A yet, analysts say

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Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...
By: Matthew Hill
25th May 2012
 
 
POTASH

CP strike threatens Canada's name as reliable potash supplier

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The Canadian Pacific railway strike that started May 23 in Canada could damage the country’s reputation as a reliable potash supplier, a producer of the crop nutrient cautioned on Friday. While the work stoppage at CP, which carries virtually...
By: Matthew Hill
25th May 2012
 
 
MINERAL TITLE

Sinchao loses mineral resources at Peru copper-gold project

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For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...
By: Matthew Hill
25th May 2012
 
 
IRON-ORE

Fortescue opens new berth in Port Hedland

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Iron-ore miner Fortescue Metals on Friday officially opened its new iron-ore berth in Port Hedland. The berth was the first of two to be constructed at the Herb Elliott port, which would achieve a 120-million ton a year capacity by 2013.
By: Esmarie Swanepoel
25th May 2012
 
 
IRON-ORE

Jambreiro moves closer to development - Centaurus

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Brazilian iron-ore developer Centaurus Metals has received government approval for the final exploration reports on the three key tenements of its Jambreiro iron-ore project. The National Department of Mineral Production’s approval paved the...
By: Esmarie Swanepoel
25th May 2012
 
 
SKILLS

Australia allows Hancock to bring in migrant workers

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The Australian Immigration Minister Chris Bowen on Friday announced developer Hancock Prospecting would be allowed to ship in more than 1 700 temporary overseas workers for its Pilbara iron-ore mine under the first Enterprise Migration Agreement...
By: Esmarie Swanepoel
25th May 2012
 
 
COPPE

Anglo gaining ground in Codelco battle

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With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...
By: Martin Creamer
25th May 2012
 
 
CORPORATE ACTIVITY

Minemakers CEO open to ‘all options’ as talks with UCL continue

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The newly appointed CEO of ASX- and TSX-listed Minemakers, Cliff Lawrenson, has told shareholders that he would continue to engage with joint venture (JV) partner UCL to see if a “fair deal” could be agreed upon for the development of the...
By: Esmarie Swanepoel
25th May 2012
 
 
IRON-ORE

Bungalow resource increases by 230%

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Iron-ore developer Centrex Metals on Friday reported a 230% mineral resource increase at its Bungalow magnetite project, in Southern Australia’s Eyre Peninsula. The project is now estimated to host some 338-million tons of resource, with the...
By: Esmarie Swanepoel
25th May 2012
 
 
RESOURCE INVESTMENT

LNG underpins A$260.8bn Australian resources investment

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Australia’s resources investment soared to A$260.8-billion at the end of April, driven by unprecedented investment in the liquefied natural gas (LNG) sector, the Bureau of Resources and Energy Economics (BREE) reported this week. Investment...
By: Esmarie Swanepoel
25th May 2012
 
 
ZINC

Perkoa proves up for Blackthorn

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Metals developer Blackthorn Resources has reported an 80% increase in the mineral resource at its Perkoa joint venture project, in Burkina Faso. The project’s mineral resource has now increased to 12.17-million tons, at 10.3% zinc and 53.9 g/t...
By: Esmarie Swanepoel
25th May 2012
 
 
CORPORATE ACTIVITY

TNG finalises Chinese investments

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ASX-listed TNG has completed the final stage of it’s A$13.4-million transaction with two Chinese firms, boosting its cash reserves to over A$11-million. The resources company said on Friday that the overall transaction resulted in the...
By: Esmarie Swanepoel
25th May 2012
 
 
 
 
 
 
 
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