Australian billionaire says to build nickel freight fleet

Australian businessman Clive Palmer on Friday said he plans to build and operate a fleet of four freighters to import nickel ore to a nickel refining plant purchased from BHP Billiton . The decision by the billionaire, who made much of his...

Mba Delta iron sands project, Fiji

The Mba Delta project has an indicated Joint Ore Reserves Committee-compliant resource of 220-million tons at 10.9% iron.

Nautilus lands Fijian offshore exploration licences

Toronto- and London-listed Nautilus Minerals, which aims to scrape copper- and gold-laden rock off the Bismark Sea’s floor, has become the first private company to receive offshore exploration permits in Fiji, it said on Thursday. The...

Amex secures port capacity for Fiji iron project

Iron-ore developer Amex Resources has secured port capacity at the Lautoka for 45 years, following the successful completion of its prefeasibility study at the Mba Delta iron-sands project, in Fiji. MD Matthew Collard said in a statement on...

Amex ready to submit Fiji mining licence after positive study results

A prefeasibility study into iron-ore developer Amex Resources’ Mba Delta iron sands project, in Fiji, has concluded that a $60-million capital investment could support a 20-year operation, based on a 220-million ton indicated resource. The...

Vatukoula eyes expansion, plans N America listing

On the potential expansion, Paxton clarified later to Mining Weekly Online that "potential mine expansion is conceptual at this time and will require success before we can consider the full implications".

Newcrest capex to surge in FY2011, targets higher output

Australia’s top gold producer Newcrest Mining posted record profit for the year ended June 30, on the back of a strong performance during the second half of the year. Underlying profit surged by 58% to A$763,7-million, supported by higher gold...

Fiji’s Vatukoula mine to produce 100 000 oz/y by 2011

UK-based mining and exploration company Vatukoula Gold Mining’s output was likely to reach the 100 000 oz/y mark by 2011, as management instigated an accelerated underground development programme at its mine in Fiji, the miner said on Friday....

Newcrest takes conservative view when counting ounces in the ground

Australia's biggest gold producer, Newcrest Mining, has purposefully used relatively low metals prices in its calculations of resources and reserves, CEO Ian Smith commented on Wednesday. “The first thing you will note about our gold reserves...

Australia’s Newcrest reports 9% jump in quarterly output

Australian gold producer Newcrest Mining on Wednesday reported that production for the quarter ended June, had increased by 9%, to 397 826 oz. The higher production was as a result of improved operations at the Gosowong project, in Indonesia,...

Vatukoula investors OK investment by Canadian Zinc

Shareholders in Vatukoula Gold Mines (VGM) have approved a £1,2-million investment by Vancouver-based Canadian Zinc, which will buy 200-million shares, representing 20,01% of VGM's issued capital. The companies have agreed that Canadian Zinc...

Canadian Zinc increases stake in Vatukoula to 20%

Aim-listed Vatukoula Gold Mines (VGM) has entered into a conditional subscription agreement with TSX-listed Canadian Zinc Corporation (CZN) to subscribe for 200-million new ordinary shares, at a price of 0,6 p a share, to raise £1,2-million. The...