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"Winners" see no long-term benefit in tax

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AS MINERS fume at the Rudd government's proposed 40 per cent resource rent tax, companies expecting a tax cut from the move are also slamming the proposal. Such winners could include OZ Minerals, Mount Gibson Iron Ore and Iluka Resources, analysts say. Broker modelling suggests all
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The government"s proposed tax on super profits

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As miners fume at the federal government's proposed tax on super profits, even companies which are expected to enjoy a tax cut from the move are criticising it. Such winners could include OZ Minerals, Mt Gibson Iron Ore, Iluka Resources, Grange Resources, and copper miner Aditya Birla
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Australian share market dips lower on housing data

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At 12:00 (AEDT), the benchmark S&P/ASX200 index was 13.8 points lower, by 0.29 per cent, at 4806.3 points, while the broader All Ordinaries index had dropped 12.5 points, or 0.26 per cent, to 4816.8 points. On the Sydney Futures Exchange, the March share price index futures contract was
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Adamus Resources hopes to raise $30.5m

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AAP Adamus Resources Ltd plans to raise up to $30.5 million in a new share sale to accelerate exploration activities at a gold mine in Ghana. Adamus plans to raise $9 million through a placement of 25 million shares at 36 cents per share. The company will raise a further $21.5
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Bonwick"s golden moment?

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INDEPENDENCE GROUP NL There was an ownership consolidation ahead of Australia's newest and biggest gold mine, the $3.5 billion Boddington mine in Western Australia's Darling Ranges, getting into production last year. The question now is will the same be happening with the next gold cab
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Noble shares soar on mine news

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Shares in the company came out of a trading halt today more than 24 per cent stronger than when it entered the halt on Friday. Noble shares had pulled back a little and were trading up six cents, or 20.69 per cent, at 35 cents at the close. The company said the measured, indicated and
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Noble shares jump on Ghana mine upgrade

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Shares in the company came out of a trading halt on Tuesday to close up six cents , or 20.69 per cent, to 35 cents. Noble managing director Wayne Norris said on Tuesday that the 22 per cent increase in the estimated size of the resource at the Bibiani mine provided a very strong
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Noble Resources shares soar on mine news

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Explorer Noble Mineral Resources has increased its estimated resource at its Bibiani gold mine in West Africa. Shares in the company came out of a trading halt today more than 24 per cent stronger than when it entered the halt on Friday. The shares had pulled back a little and were
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Noble increases resource estimate

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AAP Explorer Noble Mineral Resources Ltd has increased its estimated resource at its Bibiani gold mine in West Africa. Shares in the company came out of a trading halt on Tuesday more than 24 per cent stronger than when it entered the halt on Friday. By 1209 AEDT the shares had
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Rex, Alkane may lure suitors

It's been searching  the world for a new project to add to its Prominent Hill copper/gold mine on the Woomera rocket range in South Australia's far north, having been stripped of its four other mines in last year's drastic refinancing. But maybe it won't need to go much further than SA's York
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Miners, banks, and supermarkets lead share gains

The Australian share market has ended the day about 1 per cent higher, lead by gains for the nation's two major supermarket chains . Wesfarmers, the conglomerate which owns Coles supermarkets , finished the day almost 5 per cent higher at $32.60. Most diversified miners gained on

Copper prices may surge after earthquake

AAP Trade in copper begins about 1200 AEDT on the Shanghai exchange, with some tipping prices to jump steeply due to the impact of the quake. The earthquake which struck about 115km north-east of the city of Concepcion and 325km south-west of the capital Santiago registered 8.8 on the

Fears copper prices may surge in wake of Chile quake

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Copper prices are expected to open sharply higher on Monday, after the huge earthquake that struck off the coast of Chile on Sunday disrupted transport and power in the country. Trade in copper begins about midday Australian east coast time on the Shanghai exchange, with some tipping
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OZ Minerals has left behind a miserable 2009

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OZ Minerals has left behind a miserable 2009, posting an annual loss of $512 million after being forced into a drastic restructuring by its bankers when the global financial crisis was at its worst. The restructuring reduced the group's portfolio of mines from five to one and led to the
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OZ in $512m hole after big restructure

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OZ MINERALS has signed off on what was a miserable 2009, posting an annual loss of $512 million after being forced into a drastic restructuring by its bankers when the global financial crisis was at its worst. The restructure reduced the group's portfolio of mines from five to one and led
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Lihir watching Cote d"Ivoire unrest

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Lihir Gold Ltd says it is keeping an eye on its operations in the West African nation of C����te d'Ivoire ( Ivory Coast ) after civil unrest in the country. Earlier C����te d'Ivoire President Laurent Gbagbo dissolved the country's government and elect
oral commission,
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Lihir watching Cote d"Ivoire unrest

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AAP Lihir Gold Ltd says it is keeping an eye on its operations in the West African nation of Côte d'Ivoire (Ivory Coast) after civil unrest in the country. On Tuesday the United Nations called for calm in Côte d'Ivoire, a country divided into the rebel-held north a
nd
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OceanaGold praises NZ operations

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NZPA Melbourne-based gold miner OceanaGold Corp has unveiled a capital raising and said it had a record year in 2009 with its New Zealand mines providing a stable production platform for the company. The company on Thursday reported net earnings of $US54.5 million ($A60.58 million) in
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OceanaGold praises NZ operations

The company on Thursday reported net earnings of $US54.5 million ($A60.58 million) in the year to December 31, up from $US54.74 million in the corresponding period a year earlier. It also said it was raising capital by conducting a private placement of Chess Depository Interests and

Newcrest eyes partner for tungsten site - Yahoo!7 Finance News

Friday February 12, 2010, 2:36 pm Newcrest Mining Ltd is considering bringing in a partner for the O' Callaghans tungsten deposit near its flagship Telfer gold mine in Western Australia . "We've got a large tungsten deposit that we're quite confident will be easy to