NSW aluminium plant to close, cut 344 jobs

Norwegian aluminium producer Norsk Hydro was considering closing its Kurri Kurri plant in New South Wales, cutting some 344 jobs. In a statement on Wednesday, executive VP for the primary metals business, Hilde Merete Aasheim said that the Kurri...

Peel and CBH sign farm-in in NSW

ASX-listed Peel Mining has signed an agreement with fellow listed CBH Resources to explore Peel’s Mallee Bull copper/polymetallic discovery, in New South Wales. Under the terms of the agreement, CBH could earn an interest of up to 50% in two...

Australian gas users fear shortage as LNG exports grow

Australia is on its way to becoming the world's top exporter of liquefied natural gas, but industrial consumers on the country's east coast are worried gas producers will ship so much to Asia's booming economies that domestic supplies will be...

Straits raises A$30m, looks for new Hillgrove buyer

Gold and copper developer Straits Resources has raised some A$30-million through a share placement. The company said on Friday that it would place 48.4-million new fully paid ordinary shares to sophisticated and professional investors, at an...

Emu abandons Hillgrove plans

ASX-listed Emu Nickel has called off its acquisition of fellow listed Straits Resources’ Hillgrove gold project, in New South Wales, after failing to raise sufficient funds. Emu offered A$40-million for the Hillgrove project, consisting of a...

Iluka slashes zircon production forecast as demand dwindles

Mineral sands miner Iluka on Tuesday cut its zircon production forecast for 2012 by some 70 000 t, to 430 000 t as demand for the product continued to waver. The miner had previously stated that it would take some time for a clear view of 2012...

Whitehaven bids for Coalworks

ASX-listed coal miner Whitehaven Coal has launched an all-cash takeover offer for fellow listed Coalworks, in which it currently holds a 17.3% interest. Whitehaven MD Tony Haggarty said on Monday the A$1-a-share offer for the coking and thermal...

Rick Yeates

Position: Managing Director, Middle Island Resources Main activity of company: Gold exploration in West Africa Date and place of birth: 14th May 1959 in Armidale, New South Wales, in Australia Education: Bsc (Geology) from the University of New...

Santos warns of NSW gas shortage

New South Wales, which imports 95% of its gas from South Australia and Victoria, could potentially face a significant gas supply shortage as early as 2017, if coal seam gas (CSG) resources weren’t developed soon, oil and gas major Santos warned...

Company Announcement: Airborne EM Reveals Base Metal Targets

Minotaur Exploration Limited is pleased to report rapid progress on its new Arthurville project, 50 km southeast of Dubbo in central New South Wales

Newcrest lowers 2012 gold production guidance

Gold producer Newcrest Mining on Tuesday lowered its 2012 production guidance as its Lihir operation failed to reach its targeted production rate and heavy rainfall slowed output at Cadia East. Production expectations for 2012 have now been...

Dargues Reef granted mining lease

The New South Wales government has granted gold developer Cortona Resources a mining lease for its Dargues Reef gold project. The miner said on Tuesday that the granting of the lease was another key milestone in the company’s progress towards...