Mining & Energy

Investors toast Rio's profit jump

RIO Tinto investors gave a thumbs up to the miner's 33 per cent net profit surge with shares up significantly in trading.

Everyone's a winner in Dioro takeover

THE drawn-out takeover battle for Dioro Exploration is over, and it appears that everyone's a winner.

Curnamona SA mine trial in March

CURNAMONA Energy expects to start a mining trial at its Oban uranium project in the state's east next month.
 

SA ore projects make headway

TWO SOUTH Australian iron ore projects made some headway, with a sales agreement signed and tendering for rail haulage started.

Marmota gets 25pc share in Melton

MARMOTA Energy is on track to earning its 50 per cent stake in the Melton copper-gold JV with Monax Mining on the Yorke Peninsula by June 2010.

Adelaide Resources shares surge

ADELAIDE Resources shares surged in trading today on further good drilling results from its Rover prospect in the Northern Territory.

Four-year wait for mine work

THE Liberal Party has been told work on expansion of the Olympic Dam mine will not begin before 2014 at the earliest.

BHP profits better than expected

BHP Billiton has unveiled a first half net profit up 134 per cent due to record commodity sales.

Royal Resources investigates port options

ROYAL Resources has signed an agreement with Flinders Ports to investigate port options for exports from its Razorback iron ore project.

SA mineral sands mine officially open

THE State's newest mine - Iluka Resources mineral sands mine in the Far West - has been officially opened.

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Arckaringa Basin oil potential

THE oil potential of the Arckaringa Basin will be tested after Linc Energy encountered oil in a recent drilling program.

• Gas-to-liquids: Linc raises $77.4m for SA plant

Santos boosts oil reserves

SOUTH Australian oil and gas giant Santos has posted its sixth successive increase in year-end reserves.

Flinders Mines upgrades Pilbara resource

FLINDERS Mines has increased the resource at its Pilbara iron ore project by 39m tonnes and is on track to finish a prefeasibility study this year.

More Mindarie mine jobs to go

MORE than 20 staff processing ore at a mothballed mineral sands mine in the state's east will lose their jobs next week.

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• Mindarie: Six bid for shut zircon mine
• Zircon: Key SA mine mothballed

IronClad's mine to cost $45m

ADELAIDE-BASED explorer IronClad Mining says its planned iron-ore mine on the Eyre Peninsula will cost just $45 million to build and is likely to be in production by November.

Alliance sees more uranium at Four Mile

ALLIANCE Resources has announced a 16 per cent increase in its resource estimate for the $110 million Four Mile uranium project near Beverley.

Fall River gains SA geothermal assets

SYDNEY-BASED oil and gas investor Fall River Resources has expanded its reach within South Australia's geothermal belt with eight exploration licences.

Marathon calls for shareholder support

MARATHON Resources has renewed calls for support from its 2660-plus shareholders on its stance against more regulatory curbs on mining in the northern Flinders Ranges.

US buy next step for UXA

URANIUM Exploration Australia (UXA) has bought US company GeoInstruments for $US1.27 million.

EU probes Aussie mining giants

EUROPEAN regulators are investigating Anglo-Australian mining giants Rio Tinto and BHP Billiton, adding to pressure on the pair from importer China.

Woodside's new gas find in WA

WOODSIDE Petroleum's plan for a second liquefied natural gas processing train at its Pluto project in WA has been bolstered by a gas find.

Santos slips on lower oil prices

OIL and gas company Santos says its 2009 production was in line with guidance but sales revenue was hit by lower oil prices.

Santos slips on lower oil prices

OIL and gas company Santos says its 2009 production was in line with guidance but sales revenue was hit by lower oil prices.

OZ Minerals posts production surge

PROMINENT Hill owner OZ Minerals has marked its first successful year at the SA mine by exceeding its full-year copper and gold production forecasts.

Strike Energy's SA drilling delayed

COAL seam gas explorer Strike Energy will begin drilling at its southern Cooper Basin permit in mid-February 2010 - two-weeks behind schedule.

BHP to spend $290m on Qld projects

BHP Billiton has approved a $289.7 million capital expenditure to fast-track projects in Queensland.

Lihir chief Arthur Hood resigns

LIHIR Gold's chief executive Arthur Hood has resigned, with the miner saying that it is the right time to make an orderly transition to a new head.

ASX speeding ticket for Arafura Resources

SPECULATION in rare earth explorer Arafura Resources has continued for a second day.

Adelaide Energy's gas production boost

ADELAIDE Energy expects to double or even triple gas production from its Katnook plant near Penola in the coming months.

Rio Tinto ore production up 49pc

RIO Tinto has reported a big jump in fourth-quarter global iron ore production and set a new record in sales of the bulk commodity for the period, exceeding expectations.

Two Adelaide firms plan Qld expansion

TWO Adelaide resources companies have announced plans to expand exploration in Queensland.

Western Plains signs ports deal

WESTERN Plains Resources has signed an agreement with Flinders Ports to export iron ore from its Peculiar Knob mining project.

Santos to offload stake in Gladstone project

SANTOS is continuing talks with potential Asian partners about equity stakes in the $7.7 billion Gladstone liquefied natural gas project and LNG sales.

Court date likely for Stern Hu

THE Federal Government says there may be further delays in the case against Australian citizen and Rio executive Stern Hu.

Aussino to fund Centrex feasibility study

CENTREX METALS has signed a deal which could boost the output from its Wilgerup mine on the Eyre Peninsula by more than half.

Newcrest gets nod for $2bn gold project

NEWCREST Mining has been given the green light for its $2 billion Cadia East project near Orange in New South Wales.

Toro gets WA nod for uranium project

SA-BASED Toro Energy has approval from the West Australian government for a test pit at its Wiluna uranium project in the state's midwest region.

Copper Range identifies Caltowie targets

THE Adelaide Fold Belt region, east of Gawler Craton, could be Australia's "next iron ore field" says explorer Copper Range.

IronClad appoints Wilcherry team

IRONCLAD Mining has appointed a marketing manager and an advisor to smooth the approvals process for its Wilcherry Hills project in South Australia.

Geodynamics moves to resume operations

GEODYNAMICS has appointed a new drilling contractor as it gears up to resume operations at its Innamincka Joint Venture with Origin Energy at Cooper Basin.

BHP ready to spend on Peru mine

BHP Billiton has approved capital spending required to expand mining and processing capacity at the Antamina copper and zinc mine in northern Peru.

Trafford in $1.3m pledge to IronClad

IRONCLAD Mining shares hit a 12-month high yesterday, after major shareholder Trafford Resources confirmed it would take up its share of a $2.6 million rights issue.

IMX in $47m funding deal for SA mine

A $47 million deal has been signed with a Chinese company to develop an iron ore mine southeast of Coober Pedy.

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Woodside deal with PetroChina expires

A deal worth up to $45 billion between Woodside Petroleum and a Chinese company is in doubt after terms were not be settled by a deadline.

Testing time for miners on Woomera range

MINERS need clear guidelines for how they can operate on the Woomera weapons testing range, or millions of dollars in investment will be put at risk.