Posts Tagged ‘australia’

Newcrest Mining, a top five global gold producer, announced on Friday strengthening gold prices helped lift its first-half profit by 50% to $659 million, above expectations. The company operates 8 mines in Australia, Indonesia, Papua New Guinea and Ivory Coast Full story

Perth, Australia, Feb 9, 2012 – (ABN Newswire) – Perth-based explorer Peel Mining Limited (ASX: PEX.AX  -  News ) is pleased to report that follow-up RC/diamond drilling at the Mallee Bull prospect (previously known as 4-Mile), part of its 100%-owned May Day-Gilgunnia Project located about 100km south of Cobar in NSW, has intersected additional new high-grade Cobar-style polymetallic mineralisation. The results continue to confirm ... Full story

Westgold Resources Ltd. updated the reserve and/or resource estimates for CUE/CENTRAL MURCHISON/CROWN REEF, located in Australia. Full story

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BHP Billitonis “rapidly spending” the $1.2 billion it promised the South Australian government it would invest in the lead up to the mining giant's decision on whether to proceed with the expansion of the Olympic Dam mine, says Premier Jay Weatherill. Full story

Indonesia on Saturday revoked a gold mining exploration permit granted to an Australian miner following a series of violent protests against the project left two dead last month, reports said. Full story

BHP Billiton has bought up several exploration tenements near its Olympic Dam mine in South Australia. Full story

Wealth-X reports that Perth, one of the world’s most isolated capitals, ranks as Australia’s fourth most popular destination for the country’s super rich, and the city is climbing the rankings. The top spot went to Sydney, followed by Melbourne at number two and then Brisbane at number three Full story

We are live blogging from Day Two of the Vancouver Resource Investment Conference. The show floor was quiet when I arrived at 8:30 this morning, with exhibitors not arriving until 9:30 Full story

OZ Minerals will spend nearly $100 million exploring for copper and gold in SA this year, hoping to build on the two deposits it already owns. Full story