Exco starts development at Vertigo

Australian copper and gold explorer Exco Resources has given the go-ahead for the development of its Vertigo gold deposit, in South Australia. The Vertigo deposit forms part of the White Dam joint venture (JV) with Polymetals Mining, which holds...

Xstrata starts underground copper mining at Ernest Henry

Swiss-listed diversified miner Xstrata has started production at its new Ernest Henry underground copper mine, in Queensland, marking the transition from an openpit operation. Xstrata is investing $589-million to extend the life of its Ernest...

Exco lifts Cloncurry resources

Metals developer Exco Resources has increased the mineral resource at its Mount Colin copper/gold deposit, in Queensland, by 29%. The ASX-listed company reported that resource modeling incorporating geological interpretation, wireframing and...

Exco commits millions to exploration

Australian exploration and mining company Exco Resources has committed A$10-million to the exploration of its 2 700 km2 land package in the highly prospective Cloncurry block, in north-west Queensland, Australia.

Xstrata completes A$175m Cloncurry copper acquisition

The copper division Xstrata on Thursday completed the acquisition of the Cloncurry project from ASX-listed Exco Resources for A$175-million. Xstrata Copper North Queensland COO Steve de Kruijff said in a statement that the copper tenement would...

Ivanhoe backs Cloncurry sale, Exco to return A$135m to shareholders

ASX- and TSX-listed Ivanhoe Australia on Friday confirmed its support on the outcomes of the review of the capital management options undertaken by Australian junior Exco Resources, in light of the sale of the Cloncurry copper project, in...

Ivanhoe Australia says not planning Exco takeover

ASX-listed Exco Resources and its majority shareholder Ivanhoe Australia have both refuted media speculation that they were involved in possible takeover negotiations. Responding to an article in the Australian Financial Review, ASX- and...

Ivanhoe undecided on Xstrata’s bid for Exco project

ASX- and TSX-listed Ivanhoe Australia has warned shareholders that “no assumptions” should be made on how the company would vote on Xstrata’s takeover of the Cloncurry copper project, in Queensland. Xstrata Copper on Wednesday said it had...

Xstrata buys Exco’s Cloncurry copper project for $A175m

The copper division of diversified miner Xstrata has entered into an agreement to buy the Cloncurry copper project from Australian junior Exco Resources for A$175-million. Xstrata said on Wednesday that the acquisition would expand its production...

Exco applies for Vertigo mining lease at White Dam

The White Dam mine in South Australia produced 40 365 oz of gold in the first six months of the 2010/11 financial year, Exco Resources said on Friday. The ASX-listed company’s 75% share of the production is 30 274 oz.

White Dam mine, Australia

White Dam mine, South Australia

White Dam production 30% above target – Exco

The annualised production at White Dam gold project, in South Australia, where production started in April, is 30% above its target level of 50 000 oz/y, 75%-owner Exco Resources reported on Tuesday. Under the management of joint-venture (JV)...