Companies

  • Oil spill drains BP of $11.2bn

    Oil giant BP said on Friday that the Gulf oil spill has cost the British company ?8 billion ($11.26 billion) so far, with expenses relating to the disaster expected to climb to $US32.2 billion ($35.6 billion).

  • Atomic has BFS on Ngaka

    Atomic Resources reports that its consultant Wave Engineering has delivered the preliminary bankable feasibility study on the Ngaka coal project for the consideration of the Atomic board and joint venture partner, the National Development Corporation of Tanzania.

  • EnviroGold paperwork done

    EnviroGold has been notified that outstanding Dominican security documents regarding the Las Lagunas gold tailings project have been completed and will be signed next week.

  • Follow-up on Crusader's Posse

    Crusader Resources has received clarification regarding the regulatory process for the initiation of the Posse iron project in Brazil.

  • Rum Jungle finds more copper

    Rum Jungle Uranium has announced further significant copper assays along with gold and silver credits.

  • Integra, Image JV at Aldiss

    Integra Mining has entered farm-in and joint venture agreements with Image Resources on two tenements along strike of Integra's Aldiss Gold Project,.

  • YTC has yield from Nymagee drilling

    YTC Resources reports that NMD001, the first of six planned diamond drillholes beneath the Nymagee copper mine, has intersected massive and semi-massive sulphides 50m below the deepest mine level.

  • Green light for Aviva-AfriOre venture

    Aviva Corp reports the Commissioner of Mines and Geology in Kenya has formally consented to the joint venture between AfriOre International (Barbados) and Aviva.

  • Paladin may divest NGM's non-uranium assets

    Paladin Energy may divest NGM Resources' non-uranium assets if its $27 million takeover offer for the company is successful.

  • Sigma receives class action threat

    Sigma Pharmaceutical has received correspondence foreshadowing a shareholder class action.

  • Eldorado Gold bids $3.5bn in Andean takeover play

    Eldorado Gold Corporation has approached Andean Resources, Australia's second largest gold company by market capitalisation led by Wayne Hubert, with a merger proposal.

  • SinoSteel denies financial mismanagement

    SinoSteel MidWest's parent company has issued a clarification notice following scrutiny from government investigators over alleged financial mismanagement.

  • Sandfire in trading halt ahead of resource upgrade

    Shares in copper-gold explorer Sandfire Resources have been placed in a trading halt pending the announcement of a resource upgrade.

  • Oil rig explodes in Gulf of Mexico

    There are fresh fears about drilling in the Gulf of Mexico as fire forces workers to abandon an oil and gas platform, just six months after the BP explosion created an environmental disaster.

  • Fortescue sued by Leucadia over funding plan

    Fortescue Metals Group is being sued by shareholder Leucadia National over the iron ore miner's effort to raise new funds for expansion.

  • Saskatchewan may change potash royalty

    The government of Saskatchewan may consider changes to its potash royalty system, in the event of a foreign takeover of Potash Corp, the premier of the province says.

  • Japan's Lawson sees 10,000 stores in China

    Convenience store operator Lawson is looking to expand its Chinese presence to 5000 to 10,000 stores by 2020, president Takeshi Niinami told reporters.

  • Q&A: Jonathan Leslie, Extract Resources

    Jonathan Leslie, chief executive of uranium explorer Extract Resources, finds some sound advice in the words of Shakespeare's ill-fated Polonius.

  • South Africa miners accept Rio-BHP deal

    Richards Bay Minerals (RBM), a Rio Tinto and BHP Billiton joint venture, said it had agreed a final wage deal with workers to end a week-long strike.

  • AimCo asked about role in competing bid

    Chinese investors, among other unidentified parties, have approached at least one big Candadian pension manager about mounting a bid for Canada's Potash Corp.

  • China chatter seen as potash posturing

    Analysis l Consolidation within Russia' and BHP Billiton's takeover bid for Potash Corp are making China nervous, but any probe by Chinese regulators is unlikely to stop the deals.

  • Saskatchewan to review takeover bid

    The western Canadian province that is home to the country's potash industry, has commissioned an independent look into BHP Billiton's proposed takeover of Potash Corp.

  • Sinosteel issues could affect WA iron ore

    Comment I It isn't important which Chinese company owns the old Midwest iron ore assets - the imperative is the West Australian region is developed to its full potential.

  • The Lobby: Natural gas deserves a key role

    The Lobby | The natural gas industry agrees with Australia's independent politicians - Australia must invest in renewable energy technology; but it's not the only answer to climate change challenges.

  • Mali, Botswana tout stability for investment

    African mining ministers from the Republic of Mali and the Republic of Botswana have reassured Australian investors their countries can provide economic, political and administrative stability for mining investment.

  • New Fairfax directors digital savvy

    Fairfax Media's two new directors will help fine-tune the company's new five-year strategic plan, which according to chairman Roger Corbett "is not set in concrete".

  • Company briefs

    , Tata Power and PT Supraco Indonesia have acquired the Sorik Marapi geothermal exploration concession in Northern Sumatra, Indonesia.

  • Buyers queue up at Metcash

    Grocery wholesaler Metcash has been inundated with expressions of interest from independent retailers keen to buy Franklins stores once Metcash's $215 million acquisition of NSW's fourth-largest supermarket chain is completed.

  • Wesfarmers defends diversity

    Wesfarmers chief executive Richard Goyder says the Perth-based conglomerate remains good value for shareholders.

  • Foster's loses key demerger man

    Plans by Foster's Group to split its beer and wine businesses would not be delayed by the departure of long-serving chief financial officer Angus McKay, the Melbourne-based company said yesterday.

  • Cougar mauled by fears of collapse

    Shares in Cougar Energy plunged to their lowest in more than three years amidst talk of collapse as the company resumed trading on the stock exchange following a six-week suspension.

  • Avexa board faces Calzada mutiny

    Avexa's biggest shareholder has called for an overhaul of the board as the company announced plans to undertake an independent review of the business.

  • Plenty of interest in RedHill IPO

    RedHill Education may pull forward its listing date on the Australian Securities Exchange this month after completing its book-build ahead of schedule.

  • Not the time to get a bad name on Wall Street

    Now that Fortescue Metals is rolling in cash due to high iron ore prices, it seems it doesn't need Leucadia National's backing anymore.

  • Leucadia accuses Forrest of deception

    Fortescue Metals' latest financing plans have proved a source of controversy: long-time partner Leucadia National is accusing the miner's chief executive of "misleading and deceptive conduct".

  • Atlas Iron to double production

    Emerging iron ore producer Atlas Iron plans to spend $178 million on a project to more than double production from its northern Pilbara mines by 2012.

  • ACCC asks for NSW electricity submissions

    The Australian Competition and Consumer Commission has turned its attention to the $8 billion NSW privatisation process, asking for submissions, although the regulator isn't believed likely to stand in the way of bidders' plans.

  • BHP potash bid faces red-tape tangle

    A US anti-trust investigation has the potential to drag out the time frame of BHP Billiton's $US40 billion ($44 billion) hostile takeover of Potash Corporation, just as the potash price starts to rise.

  • Ore price to fall, but Rio

    Contract iron ore prices will plunge more than 13 per cent in the last quarter of this year, Rio Tinto iron ore chief executive Sam Walsh says.

  • Southern Cross granted tenement

    Southern Cross Goldfields reports that the Johnston Range iron ore prospect tenement (E77/1741) has now been granted and Permits of Work submitted to the Department of Mines and Petroleum.

  • Mt Thirsty nickel finds

    Fission Energy and 50 per cent joint venture partner Barra Resources have intersected significant nickel sulphides at Mount Thirsty in Western Australia.

  • Pacrim has Redcliffe results

    Pacrim Energy has further 5m composite sample results for RC and AC drilling from Kelly, Golden Terrace North (GTN) and GTS Next prospect areas in the Redcliffe gold project.

  • Icarus deal to make Admiralty projects fly

    The board of Admiralty Resources has entered into a share sale agreement for its Sociedad Contractual Minera Vallenar Iron to Icarus Derivatives.

  • Legacy's first drilling at Mt Celia

    Legacy Iron Ore reports that its first drilling program at the Mount Celia Project in Western Australia has returned "numerous highly encouraging high-grade gold intercepts" from the Blue Peter prospect.

  • Chrysalis wraps up Doolgunna West recce

    Chrysalis Resources advises that the initial reconnaissance exploration drilling at its Doolgunna West copper-gold project in Western Australia has been completed.

  • Coles to provide growth opportunities

    Coles will continue to provide Wesfarmers with opportunities for growth while the conglomerate looks to lift its return to shareholders.

  • Visy fire spreads to three buildings

    Sixty workers have fled Melbourne's Visy cardboard recycling plant after a conveyor belt helped spread a fire through three separate factory buildings.

  • Northern Star slashes debt

    Northern Star Resources has slashed its bank debt after a bumper start to its ownership of the Paulsens goldmine in Western Australia.

  • Appraisal drilling at Wolf 1

    Origin Energy, on behalf of the L11 joint venture, advises that Wolf 1 well in the Perth Basin in Western Australia has been drilled.

  • Stanmore's Mackenzie River resource

    Stanmore Coal has an initial JORC inferred resource of 99m tonne for the Mackenzie River coking coal project in Queensland.

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