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Mining news: AUSTRALIAChina clears Australia, minerA CHINESE government post-mortem into the collapse of the $US19.5 billion ($A21.3 billion) Chinalco-Rio Tinto investment deal has exonerated the Australian Government and the Anglo-Australian miner. Instead, it accepts the prevailing view in Australia ACCC delays findings of NAB-AXA probeTHE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank’s friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the Coal brings Wyoming, Queensland togetherMar. 13–CHEYENNE — Though they are on opposite sides of the world, Wyoming and Queensland, Australia, have something in common. Coal. And both states have critical economic interests in keeping coal saleable despite climate-change concerns. That’s not Xiangguang Copper may buy 15 pct stake in CuDecoXiangguang Copper, a copper smelting unit of chicken supplier Shandong Fengxiang Group is planning to acquire a stake in Australian gold and copper miner CuDeco, to bolster its raw material supplies. Fengxiang, which is better known as a Cocoa compounds may ease exercise-related heart functionRelated topics: Formulation Consumption of a beverage rich in cocoa flavanols may boost blood flow to the muscles and ease the demands on the heart during exercising, says a new study from Australia. After exercising, overweight and obese people had One-dayer: Ponting controversy as Kiwis thump AussiesRICKY Ponting made a controversial first-ball duck as Australia suffered a 51-run loss to New Zealand in the fifth one-day international. Australia had already retained the Chappell-Hadlee Trophy with three wins in the first four matches. But the Black Bourse closes in cautious moodTHE Australian sharemarket consolidated in quiet trading yesterday as investors were reluctant to add to long positions before the weekend. The benchmark S&P/ASX 200 closed up 3.9 points, or 0.1 per cent, at 4818.1 after hitting an intraday high of Australia iron ore and coal exports hit recordSYDNEY — Australian exports of iron ore and coal hit record levels in the final quarter of last year thanks to strong demand from Asia, official figures showed. Iron ore exports reached 98 million tonnes and coal shipments passed 74 million tonnes, FACTBOX-Top refined zinc producersLONDON, April 23 (Reuters) - Australia’s Zinifex Ltd. ZFX.AX and Belgium’s Umicore ACUMt. BR said on Monday they have signed a binding agreement to combine their zinc smelting businesses, to become the world’s largest producer of the metal. The new firm, Telstra fibre project winTelstra’s delivery of high-speed broadband to remote communities has been recognised, winning at an Australian Telecommunications Users Group (ATUG) gala awards event last night. This is the sixth award for the Arnhem Land fibre project. Telstra’s 12:00amBourse closes in cautious moodTHE Australian sharemarket consolidated in quiet trading yesterday as investors were reluctant to add to long positions before the weekend. The benchmark S&P/ASX 200 closed up 3.9 points, or 0.1 per cent, at 4818.1 after hitting an intraday high of Coal giants eye Queensland Rail bidsQUEENSLAND’S 14 biggest coal companies are set to raise the stakes in the battle for the state’s integrated rail business by offering a substantial premium to the $3 billion the state government expects to earn from the sale. ACCC delays findings of its probe into NAB’s AXA moveTHE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank’s friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the Coal giants eye QR bidsSource: The Australian QUEENSLAND’S 14 biggest coal companies are set to raise the stakes in the battle for the state’s integrated rail business by offering a substantial premium to the $3 billion the state government expects to earn from the sale. Revised Proposal from Nyrstar NV may thwart Toho ZincThe Australian lead-zinc-silver and copper miner CBH Resources Ltd (ASX: CBH) has received an improved offer for the company from big Belgium refiner Nyrstar NV that appears to upstage a bid on the table from the company’s major shareholder Toho Zinc of Japan. SAfrica slips to fourth in world gold productionJOHANNESBURG, March 12 (Reuters) - South Africa’s gold production fell by 5.8 percent in 2009, pushing the country to the fourth-biggest producer after China, Australia and the United States, the nation’s Chamber of Mines said on Friday. South Africa was China Sci-Tech to buy Australian copper projectAustralian miner Cape Lambert Resources said it agreed to sell its Lady Annie copper project to China Sci-Tech Holdings Ltd for A$135 million , finding a trade buyer after pulling a planned IPO. Shares of Cape Lambert surged 22 percent at the opening as Is Australia Entering a China-Driven 20-Year Resources Boom (Part 2 of 2), an Industrial Info News AlertPERTH, AUSTRALIA — (Marketwire) — 03/12/10 — Researched by Industrial Info Resources (Sugar Land, Texas) — The late 1990s and early 2000s were very quiet times in the Australian resources industry. Commodity prices were low — so low that iron ore 04:48pmStocks close higher ahead of US dataTHE Australian sharemarket closed marginally higher today after modest gains across the board ahead of retail sales and consumer confidence figures from the US overnight. The benchmark S&P/ASX 200 index rose 3.9 points, or 0.08 per cent, at 4818.1 TENNANT CREEK DRILLING RESULTS - EXCALIBUR MINING CORPORATION LIMITEDExcalibur Mining reported to have received results for recent drill holes that were part of the stope validation work at the Juno prospect in Tennant Creek, North Territory, Australia. Key intercepts include from 11m at 14.66 g/t from 284m depth in Hole EJRD053B and in Hole EJD065 intersected 7m at 17.75 g/t from 275m down the hole including 6m at 14.34 g/t from 295m down the hole. HAUNTED STREAM - MANTLE MINING CORPORATION LTDMantle Mining Corporation Limited announced updates on preparations for drilling Anomaly 4 at the Haunted Stream gold project in Victoria, Australia. Highlights include: 3D model completed, two hole design finalized and collar locations confirmed. TENNANT CREEK DRILLING UPDATE: - EXCALIBUR MINING CORPORATION LIMITEDExcalibur Mining Corporation announced results for recent drill holes that were part of the stope validation work currently being undertaken at Juno gold project at Tennant Creek located in Northern Territory, Australia. Highlights include hole EJRD053B which intersected 11 m at 14.66 g/t gold from 284 m down the hole. NEW DRILLING AT JUNO CONTINUES - EXCALIBUR MINING CORPORATION LIMITEDExcalibur Mining Corporation advised that the company has received results for recent drill holes that were part of the stope validation work currently being undertaken at Excalibur’s Juno project at Tennant Creek, Australia. Highlighted intersections include hole EJRD053B, returning 11 m at 14.66 g/t from 284 m down the hole. A$21.8 MILLION PRIVATE PLACEMENT CLOSED - WILDHORSE ENERGY LIMITEDWildHorse Energy announced that it has completed its $21,804,858 exempt placement to Institutional and Sophisticated Private Investors. The Company is today allotting the 64,131,934 Placement shares at an issue price of A$0.34 per share for gross proceeds of A$21,804,858 before costs. LADY ANNIE SOLD TO CHINA SCI-TECH - CAPE LAMBERT RESOURCES LIMITEDCape Lambert Resources entered into a conditional sale agreement with Hong Kong listed company China Sci-Tech Holdings, for the sale of its 100% interest in the Lady Annie project for a total consideration of A$135 million. SCADDAN INCREASED RESOURCE ESTIMATE - BLACKHAM RESOURCES LIMITEDBlackham Resources reported to have increased the Scaddan total lignite resources to 860 million tonnes located in Western Australia. The resource has increased significantly with 500 million tonnes (58%) of the resource now in the measured and indicated categories Further drilling required to confirm a possible extension of the Scaddan West deposit to the north. RIDGEBACK LAND EXPANDED - SOUTHERN URANIUM LIMITEDSouthern Uranium reported to have signed a Joint Venture Agreement to acquire a majority interest in EL 3922, expanding the Ridgeback project to a prospective area adjoining the Moonta mining field. TRENGGALEK DRILLING RESULTS - ARC EXPLORATION LIMITEDArc Exploration announced the results of the first two scout drill-holes from the Sentul Prospect at its Trenggalek project in East Java, Indonesia.The first hole TRDD-001 intersected 3m at 7.6 g/t gold and 35 g/t silver within 70.4m at 0.82 g/t gold and 6 g/t silver from 72.6m down-hole. And in Hole TRDD-002 returned 18.55m at 0.85g/t gold and 8 g/t silver from 30.8m including 1m at 11.70 g/t gold and 18 g/t silver. BOSETO DRILLING RESULTS - DISCOVERY METALS LIMITEDDiscovery Metals announced the latest drilling results which highlight continuation of the Plutus-Petra mineralisation for 15 km beyond the current 11 km strike length boundary of the existing mineral resources located on the Boseto project. Significant assay results include 4.0m at 2.2 % copper and 29.8 g/t silver from Hole PSDD1000, in Hole NXDD1001 returned 3.0m at 2.1 % copper and 32.3 g/t silver and Hole PTDD875 found 5.8m at 1.7 % copper and 16.4 g/t silver. CARRAPPEE HILL SAMPLING RESULTS - ARCHER EXPLORATION LTDArcher Exploration reported that drilling has recently identified 1km long nickel / chrome anomaly which is open to the west at the Pindari prospect on the Carrappee Hill project. Sampling returned peak values of 0.37% Nickel and 0.34% Chromium. CONDITIONAL LADY ANNIE SALE AGREEMENT - CAPE LAMBERT RESOURCES LIMITED and CHINA SCI-TECH HOLDINGS LIMITEDCape Lambert Resources reported to have entered into a conditional sale agreement with China Sci-Tech Holdings, for the sale of its 100% interest in the Lady Annie project for a total consideration of A$135 million. JULIA CREEK RESOURCE ESTIMATE - INTERMIN RESOURCES LIMITEDIntermin Resources reported to have received a JORC compliant Indicated Resource for Lilyvale prospect at the Julia Creek project in Queensland, Australia. The new resource outlined comprises a total of 410,670,000 tonnes grading 0.44% V2O5 and 332g/t Molybdic Oxide (MoO3). The Lilyvale resource reported contains 87.7 million tonnes grading 0.55% V2O5 and 384g/t MoO3 (0.038%). The mineralization is contained within a continuous block up to 4 km wide and 10-12m in thickness. Overburden averages 5-6m. LAND OPTION AGREEMENT UPDATE - NUCOAL RESOURCES NLNuCoal Resources NL reported to have signed an option agreement to acquire 280 hectares of strategically located land within the exploration area of the 100%-owned Doyles Creek coal project (EL 7270). NEW ARCHER DRILLING CONFIRMS 1KM ANOMALY - ARCHER EXPLORATION LTDA new drilling program completed last month has defined a 1 km long coincident nickel/chrome anomaly (greater than 1,000 ppm nickel and chrome) at Archer Exploration Limited’s 100%-owned Pindari project on South Australia’s Eyre Peninsula. The anomaly is open to the west and has peak values of 0.37% Ni and 0.34% Cr, confirming Pindari’s nickel potential, and warranting further new drilling. RÖSSING SOUTH PROJECT FEASIBILITY STUDY UPDATE - EXTRACT RESOURCES LTDExtract Resources reported that the Rössing South definitive feasibility study continues to progress well and is on track to confirm the project’s potential to be one of the world’s largest uranium mines in Australia. The base case mine plan remains low risk, bulk tonnage, open pit mining, with ore processed through a conventional agitated tank leach plant. FIRST ORE PARCEL EXCEEDS EXPECTATIONS - RANGE RIVER GOLD LIMITEDRange River Gold received the results of assays on the first parcel of ore crushed at Barrick Gold’s Granny Smith operations commencing in Australia on 24 February 2010. Preliminary results for the first ore parcel are 4,019 tonnes delivered at 4.9 g/t Au. The grade of the first ore parcel at 4.9 g/t significantly exceeded grade control estimates. Nyrstar raises offer for CBH Resources by 44 pctThis brings the price of the offer for the Australian company to A$0.195, from the original A$0.135 Market finishes marginally higherThe Australian share market finished flat on Friday, after initially making gains on a positive lead from Wall Street overnight. The All Ordinaries Index closed 6 points higher to 4,832 and the ASX 200 ended up a mere 4 points, at 4,818. It was the big Stocks close higher ahead of US dataTHE Australian sharemarket closed marginally higher today after modest gains across the board ahead of retail sales and consumer confidence figures from the US overnight. The benchmark S&P/ASX 200 index rose 3.9 points, or 0.08 per cent, at 4818.1 Market ends lacklustre week on flat note (AAP)The Australian share market has ended a lacklustre week of trading on yet another flat note. At the 1.15pm close, the benchmark S&P/ASX200 index had gained only 3.9 points, or 0.1 per cent, to 4818.1 while the broader All Ordinaries index managed a rise Stocks end week on positive noteThe Australian share market closed marginally higher after modest across the board gains ahead of retail sales and consumer confidence figures from the US on Friday night. The benchmark S&P/ASX200 index was up 3.9 points, or 0.08 per cent, at 4,818.1 Stocks higher on broad-based gainsThe Australian stock market was higher mid-morning making broad-based gains following an ultimately positive lead from Wall Street overnight. At 1200 AEDT, the benchmark S&P/ASX200 index was up 8.4 points, or 0.17 per cent, at 4,822.6 points, while the Mountain Maid has plenty of appealAUSTRALIAN gold explorer Axiom Mining has made major discoveries in north Queensland and Vietnam and is pushing towards its first gold mine. By Angela Kean - RESOURCESTOCKS* You are not logged in or not authorised to view this page. Get Your FREE 30 Day Atlas, Aurox merger to heat up iron ore marketAnalysts say the merger between mining juniors Atlas Iron and Aurox Resources will heat up competition in the Pilbara iron ore sector in north-west Western Australia. This week’s announced merger is expected to see port capacity at Port Hedland’s Aust stocks higher in positive dayTHE Australian stock market was higher at noon making broad-based gains following an ultimately positive lead from Wall Street overnight. At 1200 AEDT, the benchmark S&P/ASX200 Index was up 8.4 points, or 0.17 per cent, at 4,822.6 points, while the AUST AUTHORITIES OKAY MACARTHUR TAKEOVER OF GLOUCESTER COAL - Zib…Companies: Gloucester Coal Ltd (GCRLF), Noble Group Ltd. (NOBGF) Australian regulators have given the thumbs up to Macarthur Coal Ltd’s (ASX:MCC) planned takeover of Gloucester Coal Ltd (ASX:GLC), which would see the target’s top shareholder, Iron ore and coal exports upAustralia’s exports of iron ore and coal rose to record levels in the December quarter buoyed by strong demand from Japan, Korea and China. Iron ore export volumes for the quarter were more than 98 million tonnes and coal exports exceeded 74 million AUST AUTHORITIES OKAY MACARTHUR TAKEOVER OF GLOUCESTER COALAustralian regulators have given the thumbs up to Macarthur Coal Ltd’s (ASX:MCC) planned takeover of Gloucester Coal Ltd (ASX:GLC), which would see the target’s top shareholder, Singapore-based Noble Group (SGX:N21), emerge with a 24.6 per cent stake in Australia zinc miner CBH says gets takeover offer* Zinc miner CBH says gets takeover offer, shares halted Australia iron ore, coal exports hit recordSYDNEY: Australian exports of iron ore and coal hit record levels in the final quarter of last year thanks to strong demand from Asia, official figures showed. Iron ore exports reached 98 million tonnes and coal shipments passed 74 million tonnes, mainly |
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