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Government of China Agrees Takes Over OZ Australia Minerals
Planning agent of economics China, National development and Reform Commission ( NDRC) has agreed Government of China $12 Minmetals billion taking over mine OZ Australia Minerals.
OZ Minerals Scramble To Refinace, 1200 Mine Worker Job Losses
Melbourne-based OZ Minerals will today detail 1200 job losses for staff and contractors at its Australian, Indonesian and Laotian operations, while Swiss-based Xstrata has decided to bite the debt bullet and pull in $US5.9 billion ($A8.8 billion) from a heavily discounted 2-for-1 rights issue.
Philipines Mining Exploration Policy, ASEAN Gas Pipeline Agreement
The Manila government’s policy of secrecy was assailed last week with the exposure of an ASEAN gas pipeline agreement that was kept secret by Philippine President Gloria Arroyo over the last six years.
The fisherfolk alliance Pamalakaya insisted the Memorandum of Understanding on the Trans-ASEAN Gas Pipeline which the Philippine government signed with Brunei, Cambodia, Indonesia, [...]
Pan Australian Expand Mine Project in Laos
Pan Australian Resources Ltd has officially opened its $US241 million ($A257.03 million) Phu Kham copper-gold mine in Laos.
Commissioning was completed several months ahead of the company’s mid-2008 target date, and within budget, enabling it to move quickly to take advantage of record copper prices.
Managing director Gary Stafford said the Lao government had exercised its right [...]
Oxiana First-Quarter Gold Output Falls, Copper Gains (Update3)
Oxiana Ltd., the fastest-growing of Australia’s five-largest mining companies, had a 26 percent fall in first-quarter gold output. Zinc production slumped 38 percent and copper production rose.
Bullion produced at its Sepon, Laos mine and the Golden Grove mine in Western Australia totaled 46,398 ounces in the three months ended March 31, the Melbourne-based company said [...]
Banpu’s first-quarter earnings will drop due to a malfunctioning winch-brake motor at its Bontang Coal Terminal in Indonesia
Banpu’s first-quarter earnings will drop due to a malfunctioning winch-brake motor at its Bontang Coal Terminal in Indonesia, which disrupted loading, president Chanin Vongkusolkit said yesterday.
Stock analysts believe the accident will hurt the coal-mining firm’s results only for the first quarter, while earnings for the entire year will not be much affected. Several analysts have [...]
