One of Australia’s foremost mining people has warned that equities and resources markets in Australia should not be deterred or deflected by the recent slump in metals prices generally. Addressing the second day of the Paydirt 2008 Victoria Resources Conference, Oz Minerals’ Director,  Owen Hegarty, described the slump as nothing more than a “short-term blip on our […]

Initiatives by Australia’s State Government of Victoria to develop its untapped gold potential are bearing fruit with proponents saying at least three of newly discovered orefields are expected to contain more than 1 Moz of gold. Addressing the second day in Melbourne of the Paydirt 2008 Victoria Resources Conference, Geoscience Victoria Director, Ms Kathy Hill, […]

Steel producers thirst for coal mines continues with news of the latest acquisition. Through its mining division Severstal Resources, Severstal intends to acquire the business of PBS Coals by way of an acquisition of Penfold Capital Acquisition Corp following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying […]

Australia’s resources fraternity has been warned that current cost pressures on advancing or expanding projects will progressively claim a number of mining hopefuls. Addressing the inaugural Paydirt 2008 Victoria Resources Conference, Melbourne-based Philip Resources Fund Chief Investment Officer, Chris Bain, said some companies would not survive the current resources boom. “Within this cycle, low exploration has […]

There are viable emerging alternative uses for the massive brown coal deposits of Victoria’s LaTrobe Valley which could contribute to a reduction in Australia’s carbon emissions footprint, according to one of Australia’s lead clean coal energy proponents. The strong forward looking forecast was touted in Melbourne at the inaugural Paydirt 2008 Victoria Resources Conference by […]

Chinese nickel ore imports plunged in July as but Macquarie Research reports that concurrently demand was booming. One of the main highlights of the July Chinese trade data was the sharp fall in Chinese nickel ore imports. Total ore and concentrates imports fell 76.5% year-on-year to only 530,983 t in July, and the lowest monthly figure since […]