PTT's $1.9bn bid for Cove trumps Shell

Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...

BHP expands Olympic Dam footprint

Mining giant BHP Billiton has spent A$10-million to purchase five exploration tenements close to its Olympic Dam project, from ASX-listed junior Minotaur Exploration. Minotaur said on Monday that the sale allowed the company to sharpen its...

TNG and Toro sign exploration agreement

Resources company TNG has signed a heads of agreement with fellow listed uranium developer Toro Energy, allowing TNG to explore for minerals over three of Toro’s exploration licences. Under the terms of the agreement, TNG would spend A$500 000...

Oz Minerals 2011 profit falls 53%

Australian copper and gold miner Oz Minerals suffered a 53% profit drop, as litigation and impairment charges weighed down its 2011 financial performance. After-tax profit declined to A$274.5-million, from the A$586.9-million reported in 2010,...

WA opposition leader changes uranium policy, but new projects still in doubt

Newly elected Western Australian opposition leader Mark McGowan has announced a relaxation of the party’s strict ban on uranium mining and while the move is seen as a “step in the right direction”, the policy shift did not create certainty...

Company Announcements: Views from the Trading Floor

Oil & Gas Another rather active day in the Oil & Gas space. Roxi Petroleum (RXP LN) the Kazakhstan Oil & Gas exploration company, pushed 16% better to 4.5p as punters on the bulletins boards speculated an update was due any moment. During his last...

Wiluna economics improved - Toro

A recently completed review of ASX-listed Toro Energy’s Wiluna uranium project, in Western Australia, has improved the economic parameters of the project. The new economic model found that average annual production of 1.8-million pounds of...

Gillard moves to lift ban on uranium exports to India

Shares in Australia-listed uranium miners rose on Tuesday on revelations that Prime Minister Julia Gillard is pushing to lift a ban on uranium export to India. In an about-face on Labor’s long-standing policy banning uranium exports to the...

Delay in new uranium supplies to benefit Toro – chair

The global delay in new uranium supplies would create significant opportunities for uranium hopeful Toro Energy, chairperson Erica Smyth stated in the company’s annual report released on Friday. The earthquake and tsunami in Japan in March,...

Toro reports increased resource at Wiluna

Uranium hopeful Toro Energy has announced a 32% increase in its uranium resource at the Wiluna project, in Western Australia, following an upgrade of the Centipede and Lake Way deposits and the acquisition of the Millipede and Dawson Hinkler Well...

Toro completes Wiluna acquisition

Uranium hopeful Toro Energy on Friday completed the acquisition of two key uranium tenements in the Wiluna region of Western Australia, from a group of vendors headed by fellow listed Impact Minerals. The two tenements, which were bought for...

Toro looking for JV partners for Wiluna uranium project

Uranium hopeful Toro Energy on Tuesday said that it was looking at various options to fund its A$300-million Wiluna project, in Western Australia, including introducing a joint venture (JV) partner to the project. Speaking at a media briefing in...