| GOLD |
| OceanaGold Philippines mine now fully funded |
| ASX- and TSX-listed OceanaGold has secured a $220-million credit facility to develop its Didipio gold project, in the Philippines. The miner said on Monday that the project was now fully financed, despite an increase in the initial capital cost from $185-million in June last year, to $220-million. Full Article |
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| GOLD |
| Gwalia delivers the goods for St Barbara |
| ASX-listed gold miner St Barbara on Monday reported that gold production for the full year had increased by 31%, with its Gwalia mine, in Western Australia, reaching record production in the June quarter. During the full year ended June, St Barbara produced some 338 879 oz of gold, with the Gwalia operation delivering 184 534 oz of that production and the Marvel Loch mine a further 97 392 oz. The King of the Hills operation added a further 56 953 oz to the production profile during the full year. Full Article |
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| GOLD |
| Northern Star pushes production up by 43% |
| Gold miner Northern Star has reported that gold production for the three months to June increased by 43% to 21 865 oz of gold mined. During the three months under review, Northern Star poured some 18 114 oz of gold, with production costs decreasing some 29% to A$646/oz. Full Article |
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| RARE EARTHS |
| Alkane signs rare earths deal with Japanese company |
| Diversified explorer Alkane Resources has signed a memorandum of understanding (MoU) with Japan's Shin-Etsu Chemical to produce separated rare earths and downstream products from its Dubbo project, in New South Wales. Shin-Etsu would have priority to purchase a quantity of the rare earths toll it processes at the Dubbo project, over an initial five-year offtake agreement. The remaining separated rare earths would be sold to third parties that Alkane was in discussions with. Full Article |
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| ENVIRONMENTAL |
| Lincoln to appeal water licence denial |
| Emerging iron-ore producer Lincoln Minerals would appeal against a decision by the South Australia Department for Environment, Water and Natural Resources (DEWNR) to turn down a licence application for Stage 1 of its proposed Gum Flat iron-ore mine. The DEWNR advises Lincoln Minerals that under the current water allocation plan (WAP), the department could not grant a licence for the extraction of groundwater for the Gum Flat project. Full Article |
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| M&A |
| Australian deal value drops - market analyst |
| Poor market sentiment has been driving a decline in Australian project values, research from MinesOnline Market Metrics (M3) showed. Data from MinesOnline showed a sharp drop in transaction values for both exploration and development projects, and MD Liam Twigger said over the weekend that M3's estimate of the average gold project acquisition cost over the last 12 months indicated a value of $28/oz for exploration projects and $35/oz for development projects. Full Article |
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| M&A |
| Areva sells La Mancha stake for C$315m |
| French nuclear reactor manufacturer Areva on Friday said it had sold its stake in gold miner La Mancha to Egypt-based Weather Investments II for about C$315-million. Full Article |
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| IRON-ORE |
| Vale's huge iron-ore ship back in service after maiden accident |
| Vale Beijing, one of the world's largest dry bulk carriers, is back in service seven months after being damaged while loading its maiden cargo, amid indications that China eventually plans to allow similar huge vessels to dock at its ports. The December 6 accident at the Brazilian port of Ponta da Madeira was a major setback for Vale SA, the world's second-largest mining company, in its campaign to cut freight costs to China using an unprecedented fleet of 35 Valemax very large ore carriers. Full Article |
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