Australia, NZ & South Pacific

Alacer looks to shed Australian mines

Source: Daily News | 2013-06-13
There are knocks on the door for Alacer Gold’s (ASR-T) Australian assets and the company says it is listening.

New study gives Vista more options at Mt. Todd  

Source: Print Archives | 2013-06-12
VANCOUVER — Mt. Todd, the largest undeveloped gold project in Australia, took a big step towards production with a prefeasibility study that gives owner Vista Gold (VGZ-T, VGZ-N) a choice: the company can either spend a billion dollars to...

Commentary: TSX rule change on director elections gets mixed reaction Down Under

Source: Daily News | 2013-06-10
On Dec. 31, 2012, the Toronto Stock Exchange made amendments to the Company Manual to require that TSX-listed issuers elect all directors annually, in addition to changes requiring disclosure of majority voting policies.

Newcrest expects to take a $6B writedown

Source: Daily News | 2013-06-07
Newcrest Mining (NM-T, NCM-A), joining a growing list of miners that have been rattled by the recent dip in commodity prices amid the escalating costs, intends to slam the brakes on spending and swallow up to A$6 billion ($5.8 billion) in...

Junior uranium players Rockgate and Mega to merge

Source: Daily News | 2013-06-06
VANCOUVER – Rockgate Capital (RGT-V) and Mega Uranium (MGA-V) are merging to create a uranium company with several advanced projects, another set of promising early-stage properties, a healthy treasury, and a strong team of managers and...

Hanlong reneges on Sundance deal 

Source: Print Archives | 2013-04-24
VANCOUVER — Mining companies and resource investors are going to have a tough time believing Hanlong Group if it tables another takeover offer. Twice the huge Chinese energy and resource company has offered to take over junior miners, but...

New milestone for OceanaGold

Source: Daily News | 2013-04-12
Earlier this week OceanaGold (OCG-T, OGC-A) declared that the first concentrate from its Didipio open-pit mine in the Philippines was en route to Japan.

Iron ore outlooks turn gloomy 

Source: Print Archives | 2013-04-10
VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings...

Crocodile uses debt to fund growth in Oz 

Source: Print Archives | 2013-03-27
Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.

Metals Commentary: CRU sees better year ahead for iron ore

Source: Daily News | 2013-03-15
Phil Newman, CEO of metals consultants CRU Strategies in London, kicked off the “Commodities and market outlook” technical session that launched the Prospectors & Developers Association of Canada convention with a relatively...

12345...76Next