Aussie billionaire to form China-focused resource giant
An Australian billionaire plans to launch his private company, Resource Development International (RDI), as a resources giant that would supply iron ore, nickel and energy to China.
Australia, NZ & South Pacific
Ivernia sees end to Magellan shutdown (August 25, 2008)
Ivernia’s (IVW-T, IVWFF-O) Magellan lead mine in Western Australia is still on care and maintenance but the company says it made some significant strides toward restarting the mine during the second a…
Intrepid posts Indonesian resource (August 25, 2008)
VANCOUVER — A resource estimate for a portion of the Tujuh Bukit gold project in Indonesia only a few months after Intrepid Mines (IAU-T, IAU-A) acquired the project through a merger with Emperor Min…
For Uranium One, the Honeymoon’s over (August 25, 2008)
VANCOUVER — Uranium One’s (UUU-T, SXRZF-O) decision to sell some of its earlier-stage uranium properties this spring has hit it with a US$105-million impairment charge in its second quarter for a US$…
Barrick’s Q2 strong despite rising costs
Despite a 91% jump in oil prices, which averaged US$124 per barrel in the second quarter compared with US$65 per barrel in the same quarter a year ago, Barrick Gold’s (ABX-T, ABX-N) second-quarter rev…
‘Friedland envy’ haunts Diggers & Dealers
KALGOORLIE, WESTERN AUSTRALIA — Over the past five years, master entrepreneur Robert Friedland has created a guessing game at Australia’s biggest mining conference, the Diggers & Dealers Mining F…
Vedanta investing US$8.8B in base metal expansion
Having received the go-ahead from India’s Supreme Court, Vedanta Resources (VED-L), an India-focused resource giant, is proceeding with a bauxite project in Lanjigarh, in the state of Orissa. An alumi…
BHP Billiton grapples with Olympic Dam expansion
PERTH, WESTERN AUSTRALIA–By the end of this year, BHP Billiton (BHP-N, BLT-L) will have completed a prefeasibility study for transforming the Olympic Dam copper-uranium-gold mine into a massive open-…
Harmony, Newcrest, team up in PNG at Hidden Valley
Two of the biggest gold miners not listed on the Toronto Stock Exchange are combining forces in Papua New Guinea (PNG) with the hopes of bringing a large-scale gold and silver mine into production by …
BHP grapples with Olympic Dam expansion
Perth, Western Australia — By the end of this year, BHP Billiton (BHP-N, BLT-L) will have completed a prefeasibili…
Alcoa sees opportunity in Vietnam
Vancouver – Alcoa (AA-N) is moving quickly to take advantage of a new possibility in Vietnam. The government of…
For Uranium One, the Honeymoon’s over (August 14, 2008)
Vancouver – Uranium One’s (UUU-T) decision to sell some of its earlier stage uranium properties this spring has hit…