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Company News
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Friday 25 July 2008 (Close of Business - New York)
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| All Ords | 5031.0 | -157.4 | Dow Jones | 11,370.69 | +21.41 | |||||||
| ASX100 | 4028.4 | -144.7 | S&P 500 | 1257.76 | +5.22 | |||||||
| ASX200 | 4970.5 | -173.6 | Nasdaq | 2310.53 | +30.42 | |||||||
| ASX300 | 4966.3 | -171.0 | NYSE Volume ('000) | 4,580,286 | ||||||||
| Materials (Sector) | 13,285.4 | -252.5 | US 10-Year Bond | 4.111% | +0.095 | |||||||
| All Ords Gold (Sub Industry) | 4995.0 | -32.1 | Gold - spot/oz | US$928.40 | +1.90 | |||||||
| Metals & Mining (Industry) | 4624.9 | -99.0 | Silver - spot/oz | US$17.34 | -0.07 | |||||||
| Energy (Sector) | 16,714.4 | -33.9 | Platinum - spot | US$1740.00 | +45.00 | |||||||
| Shanghai Composite | 2865.1 | -45.2 | Palladium - spot | US$382.00 | -3.00 | |||||||
| Hang Seng | 22,740.7 | -347.0 | Uranium - spot US$/lb | US64.50 | unch | |||||||
| India BSE 30 | 14,274.9 | -502.1 | Reuters-CRB Index (CCI) | 544.48 | +2.12 | |||||||
| Jakarta Composite | 2245.3 | -11.7 | Light Crude (NYM - $US per bbl.) | US$123.26 | -2.23 | |||||||
| Nikkei | 13,334.8 | -268.6 | Natural Gas (NYM - $US/mmbtu) | US$9.13 | -0.25 | |||||||
| Taiwan Weighted | 7233.6 | -134.5 | Copper (LME - spot $US/tonne) | 8165 | +7 | |||||||
| FTSE 100 | 5352.6 | -9.7 | Lead (LME - spot $US/tonne) | 2133 | -88 | |||||||
| German DAX | 6436.7 | -4.0 | Zinc (LME - spot $US/tonne) | 1820 | -56 | |||||||
| A$ = US95.62 | -0.22 | Nickel (LME - spot $US/tonne) | 18,145 | -700 | ||||||||
| A$ = 103.15yen | +0.19 | Aluminium (LME - spot $US/tonne) | 2901 | -27 | ||||||||
| A$ = 0.619Euro | -0.002 | Tin (LME - spot $US/tonne) | 22,465 | +75 | ||||||||
| A$ = 0.481GBP | -0.001 | Sydney Futures Exchange - SPI | 5006 | +24 | ||||||||
| Click on Links to Access Charts | ||||||||||||
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Phone: 07-55316191 or Email : sales@reflections.com.au
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Wall Street ended a volatile week with small gains Friday after better-than-expected economic data, and a further easing in the oil price, placated a market pummeled a day earlier by concerns about housing and the financial sector.
Financials drifted lower on continued worries about the health of balance sheets, while a surge in profits at Juniper Networks Inc. lifted technology stocks.
Advancing issues outnumbered decliners by about 3 to 2 on the New York Stock Exchange, where consolidated volume came to 4.55 billion shares, compared with 5.98 billion shares traded Thursday.
New home sales dropped by a smaller-than-expected 0.6 percent in June. While it marked the seventh decline in the past eight months, it stirred some hope that the housing market could be finding a bottom.
For the week, the Dow fell 1.09 percent and the S&P 500 lost 0.23 percent. Friday's tech rally left the Nasdaq up 1.22 percent for the week.
Oil prices eased Friday, settling down more than $5 for the week, after two stronger-than-expected economic reports calmed nervous investors. Lingering concerns over a drop in demand also pressured prices lower.
Copper rose after U.S. durable-goods orders unexpectedly climbed, easing concern that slowing growth will curb demand for the metal.
Nickel headed for the biggest weekly decline in London in four months as stainless-steel mills, the biggest users of the metal, said demand is weakening.
MDs SACOME Presentation with Competent Person Statement - Web Site
Appendix 3B - Web Site
Ashburton Mineralised Zone Extended - Web Site
Change of Director`s Interest Notice - Web Site
Quarterly Activities and Cashflow Report - Web Site
Despatch of prospectus to shareholders and revised timetable - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Lodgment Letter - Target`s Statement - Web Site
Notice to Shareholders - Web Site
Target`s Statement - Web Site
Quarterly Activities and Cashflows Report - Web Site
Appendix 3B - Web Site
Drills Kanga and Extends Malundwe Deposit at Lumwana
Equinox Minerals Limited (TSX and ASX symbol: "EQN") ("Equinox" or the "Company") is pleased to report that recent exploration drilling at the Company's Kanga Prospect ("Kanga") continues to intersect significant copper intercepts.
Kanga (at which Equinox has identified a series of highly prospective geophysical IP anomalies), lies directly on strike and immediately to the south of the Malundwe Main Pit ("Malundwe") where the Company is currently commissioning the Lumwana Copper Mine ("Lumwana") in Zambia.
In evaluating these anomalies (see Figure 1 following), Equinox has now drilled 20,000m in 112 drill holes comprising mainly reverse circulation with some diamond drilling. The drill program focused on testing the area extending south from Malundwe (optimised at US$1.20/lb copper) into the Kanga area along an extended strike length of 1km and over a length of 1.2km across strike.
Significant copper mineralization (presented below in Table 1) was intercepted on every cross section. Copper intercepts identified have been found to be similar geologically as well as in grade and in thickness to those at Malundwe indicating the strong potential to increase the mineral reserves of Malundwe which presently hosts 119.2Mt grading 0.90% copper.
The drilling program at Kanga is ongoing and due for completion in September 2008. Following compilation of all assay results, a Kanga inferred resource estimate will be calculated and Malundwe pit optimisations applied to determine the scale of the opportunity that exists to increase current Lumwana reserves and mine life. - Web Site
S708A Notice - Share Placement - Web Site
Notice of General Meeting/Proxy Form - Web Site
Fourth Quarter Activities and Cash Flow Report - Web Site
Change of Director`s Interest Notice - Web Site
Becoming a substantial holder from GT Le Page - Web Site
Becoming a substantial holder from J Richardson - Web Site
Sec 708A(5)(e) Notice - Web Site
Quarterly Cashflow Report - Web Site
Retesting of 9 July 2008 Tailings Concentrate Samples - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Appendix 5B - Consolidated cash flows 30 June 2008 - Web Site
PMM: Portman Ltd (PMM) Update on Golden West Resources - Web Site
Quarterly Activities Report - Web Site
CONFERENCE CALL DETAILS June Quarter Activities Report - Web Site
Quarterly Activities Report - HIGHLIGHTS
Operation
Finance
Development
Exploration
Change in substantial holding - Web Site
Quarterly Cashflow Report - Web Site
Expiry of Escrow Period - Web Site
Quarterly Cashflow Report
Quarterly Activities Report - Web Site
Form 604 - Change in substantial holding - Web Site
UKL: Scheme Becomes Effective - Web Site
Lapse of Employee Options - Web Site
Appendix 3B - Web Site
Letter to Option Holders - Web Site
Renounceable Rights Issue Prospectus - Web Site
Change of Director`s Interest Notice - Web Site
Off-market takeover bid for Bellamel Mining Limited
Further to the announcement Norton Gold Fields Limited made on 29 May 2008, and in accordance with item 5 of Section 633(1) of the Corporations Act 2001 (Cth) (Corporations Act), attached is a copy of Norton's Bidder's Statement (including the offer document) as served on Bellamel Mining Limited (Bellamel) today.
The time and date set by the Company under Section 633(2) of the Corporations Act for determining the persons to whom information is to be sent to under items 6 and 12 of Section 633(1) of the Corporations Act is 8.00am (Eastern Standard Time) on the Offer Date, defined in the Bidder's Statement as the date on which the offer is first made to shareholders of Bellamel, namely 28 July 2008. - Web Site
TOV: Origin Energy Limited - Update - Web Site
Portman Ltd (PMM) Cockatoo Stage 3 Update - Web Site
June 2008 Quarterly Activities and Cash Flow report - Web Site
Change of Director`s Interest Notice - Web Site
Quarterly Report 30 June 2008 - Web Site
Quarterly Cashflow Report - Web Site
Quarterly Activities and Cashflow Report - Web Site
Quarterly Cashflow Report - Web Site
Australian Uranium Conference Presentation - Web Site
Appendix 3B - Web Site
July 2008 DSO Resource and Reserve Update Summary - Web Site
Assay Results of High Grade Hematite Iron Formation - Web Site
Additional Results Wills Infill Drilling, Higginsville - Web Site
Company presentation at the Australian Uranium Conference - Web Site
Quarterly Activities Report - Web Site
Coal and Allied presentation at Energy and Minerals Seminar - Web Site
Best Trench and Drill Results at Simuku To Date
The initial drilling and trenching program at Simuku have given the best results to date, including all historical work.
Capital Reorganisation Timetable
Quarterly Cashflow Report - Web Site
Some "Best Ever" Results at Einasleigh
The strong results at Kaiser Bill include:
KBDD103 - 10m @ 2.82% Cu, 20 g/t Ag and 0.15 g/t Au from 214m
KBDD104 - 48m @ 0.88% Cu, 4 g/t Ag and 0.18 g/t Au from 170m.
At Chloe, the "best ever" result was in hole CH099, a very important hole in establishing continuity of the deposit and suggesting that it is getting better at depth:
CH099 - 42m @ 6.2% Zn, 3.2% Pb, 0.2% Cu and 56 g/t Ag from 210m
including 33m @ 6.7% Zn, 3.6% Pb, 0.2% Cu and 56g/t Ag.
The Feasibility Study for the total Einasleigh Project is on schedule for completion in August.
Updated three-dimensional models of all five Einasleigh area deposits can be accessed through the Copper Strike website www.copperstrike.com.au . This is a very easy and effective way of understanding the deposits in 3-D and is easy to do, although software such as JAVA may have to be downloaded (available for free from the website). - Web Site
Appointment of General Manager Einasleigh Operations
Aappointment of Joel Ray as General Manager - Einasleigh Operations. This appointment demonstrates Copper Strike's commitment to getting the Einasleigh Project into production ASAP. - Web Site
240708 Blamore 1 Report - Web Site
Appendix 3Y - Change of Directors Interests - Steve Sikirich - Web Site
FAS response to GWR Notice of General Meeting - Web Site
Ceasing to be a substantial holder - Web Site
Appendix 5B - Web Site
Bullseye Jumonville No 1 Update - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Quarterly Activities Report - HIGHLIGHTS
ABU DABBAB
ZEEHAN TIN PROJECT
CORPORATE
Quarterly Financial Report - Web Site
Heemskirk Tin Project Transaction
HIGHLIGHTS
Quarterly Activities Report - Web Site
Company Secretary Appointment/Resignation - Web Site
Appendix 3B - Web Site
Quarterly Cashflow Report - Web Site
Change of Director`s Interest Notice - Web Site
708A Notice - Web Site
Appendix 3B - Web Site
LIO PPL Update - Web Site
Appendix 3Y Change of Directors Interest Notice - Stubbs - Web Site
Appendix 3Y Change of Directors Interest Notice - McCawley - Web Site
Appendix 3Y Change of Directors Interest Notice - Baynton - Web Site
Appendix 3Y Change of Directors Interest Notice - Ackland - Web Site
Appendix 3B - Listed Options Exercised and Lapsed - Web Site
Appendix 4C - quarterly - Web Site
Midas Resources Quarterly Activities Report - Web Site
Notice of variation - Extension of Offer Period - Web Site
Form 10Q as filed with the SEC - Web Site
Form 8K as filed with the SEC - Web Site
TOV: Origin Energy Limited - Panel Receives Application - Web Site
Notice of General Meeting/Proxy Form - Web Site
Exploration and Cashflow Report June Quarter - Web Site
Metallurgical Test Results - Erlistoun Deposit - Web Site
Director Appointment - Web Site
Cononish Drilling Program - Web Site
Notice of General Meeting/Proxy Form - Web Site
June 2008 Quarterly Cashflow Report - Web Site
Fourth Quarter Activities Report - Web Site
Confirmation of Convertible Note Issue - Web Site
Appendix 3B and Appendix 3Ys - Web Site
Australian Uranium Conference - Company Presentation - Web Site
Quarterly Activities Report
Andorinhas Project Colluvial Iron Ore Study Update - Web Site
Amended Activities Report - Web Site
Quarterly Activities Report ending June 2008 - Web Site
Quarterly Cashflow Report June 2008 - Web Site
Quarterly Activities Report - Web Site
Alcoa Form 8K filed July 22 (Purtell Special Retirement) - Web Site
Appendix 3B - Web Site
Resignation of Director and Change in Management - Web Site
Quarterly Activities Report - Web Site
Management Fee and Incentive Fee - Web Site
Boardroom Radio 24 July 2008 - Web Site
Quarterly Cashflow Report - Web Site
Exploration update - Web Site
Change in substantial holding - Web Site
Approves Turrum Field Development Offshore Victoria
BHP Billiton today announced it has approved an expenditure of US$625 million (BHP Billiton share) for the full field development of the Turrum oil and gas field, a significant hydrocarbon resource in the Gippsland Basin, offshore Victoria..... - Web Site
Change in substantial holding - Web Site
Positive Initial Metallurgical Test Results - Web Site
Shareholder Update July 24 2008 - Presentation - Web Site
Issue of Equity - Web Site
Appendix 3B - Web Site
Appendix 3B - New Issue Announcement - Web Site
SAG Mill Update - Masbate Gold Project - Web Site
Appendix 3B - Web Site
Strong results from Kaiser Bill - Best ever at Chloe - Web Site
Change of Director`s Interest Notice - Web Site
Weekly Drilling Report Cobra -1A ST1 25th July 2008 - Web Site
Notice of Change of Interests of Substantial Holder for MXX - Web Site
NSE-A3 successful at 2,250 bopd
NA SANUN EAST OIL FIELD DEVELOPMENT
NSE-A3 Horizontal Appraisal Well (CVN 40%)
Testing is underway on the recently drilled NSE-A3 horizontal appraisal well. NSE-A3 is currently free flowing oil from the main volcanic reservoir within the Na Sanun East (NSE) central fault compartment at a stabilised rate of approximately 2,250 bopd with a low 0.1% water cut and choke settings/surface flowing pressures of 42/64" @120 psi on the tubing and 24/64"@130 psi on the casing.
The NSE-A3 horizontal appraisal well was drilled to a total measured depth of 897 metres, penetrating the top of the main volcanic target at a depth of 755 metres TVD at a location approximately 420 metres due north of the NSE-A1 surface location. A 60 meter horizontal section was drilled within the upper 6 metres of the approximately 180 meter thick main volcanic reservoir.
Last week, on the 18th July, Carnarvon announced a 1,245 bopd discovery of a new upper volcanic/volcanic clastic reservoir in its NSE-A1 well. This newly discovered productive zone at NSE-A1 was also encountered in NSE-A3, and drilled though, exhibiting high mud gas readings and good oil shows. This supports the interpretation that this new shallower reservoir is extensive across the Na Sanun East field.
NSE-A4 New Horizontal Appraisal Well (CVN 40%)
The NSE-A4 horizontal appraisal well is currently drilling ahead at a depth of approximately 120 metres towards the top of the main volcanic reservoir objective at a subsurface location approximately 350 metres northeast of the NSE-A drilling pad, within the NSE central fault compartment.... - Web Site
Fourth Quarter Activities and Cashflow Report - Highlights
Turner River (gold, base metals)
Yandeyarra JV (gold, base metals)
Yule JV (gold, base metals)
Beyondie Project (base metals, iron ore)
Pilbara Iron Assets (iron ore)
Corporate
TOE: Toro Energy Nappery Project Resource Increase - Web Site
Letter to Shareholders regarding Change of Name - Web Site
Change of Director`s Interest Notice - Web Site
Star Finch-1, Lake MacLeod-1, Carnarvon Basin - Web Site
Financial Community Presentation 25 July 2008 - Web Site
Director Appointment/Resignation - Rob Atkinson - Web Site
Half Year Results 2008
Profit
ERA recorded a net profit after tax of A$38.9 million for the half-year ended 30 June 2008 compared with a profit of A$5.7 million for the same period in 2007. Earnings before interest and tax (EBIT) were $54.4 million (June 2007: $12.4 million).
Revenue and costs
Sales for the period were 1,746 tonnes (June 2007: 2,200 tonnes). Revenue for the period was A$167.4 million (June 2007: A$114.3 million). Revenue was adversely affected (A$26.2 million) by the strengthening of ERA's realised A$:US$ exchange rate to 95.32 cents (June 2007: 80.70 cents). The company settled US$32 million (June 2007: US$33 million) in forward exchange contracts during the period at an average A$:US$ exchange rate of US66 cents (June 2007: US66 cents) resulting in a pre-tax gain of A$14.5 million (June 2007: A$9.4 million). No new currency exchange contracts were entered into during the period.
ERA's average contractual sales price is only partially influenced by the spot market due to the portfolio of contracts containing a range of pricing mechanisms entered into when the uranium oxide market was considerably weaker. The average realised sales price of uranium oxide for the six months to June 2008 was US$35.69 per pound (June 2007: US$16.90 per pound). Unlike recent years, overall sales pricing benefited in the first half from a higher proportion of deliveries for more recent sales contracts at higher prices, as well as deferral into the second half of 2008 of deliveries for lower priced commitments. The likely average price in the second half of 2008 will therefore be somewhat lower than in the first half of the year.
Uranium prices remain strong and the average long term market price for the June 2008 half year was US$90.83 per pound (June 2007: US$86.67 per pound).
Total operating costs were higher than the corresponding period last year. The company has experienced significant cost increases in key inputs including diesel, lime, acid and pyrolusite. In addition, ore characteristics have resulted in increased acid consumption.
Operations
Uranium oxide production for the June 2008 half year of 2,357 tonnes (June 2007: 2,496 tonnes of uranium oxide) was 6 per cent lower than the first half of 2007. This was due to lower mill head grade in the second quarter of 2008, caused by a combination of depleted high grade stockpiles and restricted access to higher grade ore, which is located predominantly in the bottom of the pit.
At the start of the 2007/8 wet season, high grade stockpiles were lower than the previous year due to the effects of the February 2007 significant weather event, which restricted access to high grade ore until late in the fourth quarter of 2007. At the end of the 2007/8 wet season, water levels in the pit were substantially lower than at the same time in 2007, however access to higher grade ore was again restricted. Access to higher grade was re-established in mid June 2008.
Cashflow
Net cash inflow for the 2008 half year was A$0.9 million (June 2007: A$3.3 million) which reflected increased inventory and capital project expenditure, offset by increased sales proceeds as a result of the higher realised selling price during the period. Payments for the first half increased to A$151.8 million (June 2007: A$117.4 million) reflecting increased production costs and capital expenditure.
Capital expenditure of A$92.9 million in the 2008 first half (June 2007: A$22.4 million) was predominantly to support expansion projects including the Pit 3 extension (with all heavy mobile equipment now delivered), construction of the laterite and radiometric sorting plants, and additional water treatment expansion.
Dividends
The ERA directors have declared an interim dividend of 8 cents per share (no interim dividend paid in 2007), fully franked at 30 per cent. The record date for the dividend is 26 August 2008, and it will be paid on 9 September 2008. ERA Directors declared a final dividend of twenty cents per share for the 2007 financial year. This dividend was paid on 29 February 2008.
Outlook for 2008
With the Ranger operating pit now emptied of water, and consistent with guidance provided in January, production in 2008 is expected to be at normal levels.
Commissioning of the laterite processing plant and the radiometric sorter is expected to be completed in the third quarter of 2008. The laterite processing plant will be used to process stockpiled lateritic ore, which contains a large proportion of clay minerals and is not compatible with the current processing plant. The radiometric sorter uses a technique to sort ore according to contained uranium, with consequent increase in grade of uranium for the processing plant.
Exploration has been focussed on the northern extension of the Ranger 3 Deeps area with encouraging results. As a result, high resolution three-dimensional seismic surveys will be conducted at the Ranger 3 Deeps and Ranger 18 East areas in the third quarter of 2008, with interpretation of the results expected in the fourth quarter.
In September 2007, a pre-feasibility study was announced to study options to extend the mine life and to increase production from the current processing plant. This study is now well progressed.
As part of the pre-feasibility study, ERA conducted an order of magnitude study into the heap leaching of low grade ore.
ERA has decided to commence the process of gaining approval of stakeholders for a mine expansion and the heap leach facility. The mine expansion targets an additional 8,000 tonnes of uranium oxide contained in resources while the potential 10 million tonnes per year heap leach facility will treat 15 to 20,000 tonnes of uranium oxide contained in low grade mineralised material both in situ and on stockpile. An interim budget of A$7 million has been approved for the next stage of studies.
The scope and budget for the heap leach pre-feasibility study will be finalised after preliminary consultations with stakeholders. ERA expects to provide further guidance on progress of the next stage of development in the fourth quarter of 2008.
Following the bilateral safeguards agreement signed between the Australian and Chinese governments last year, ERA has reached in principle agreement for a contract to supply uranium oxide to an electric utility in China beginning in the second half of 2008. - Web Site
Revised Timetable Non-Renounceable Rights Issue - Web Site
Brearley 1H-11 Frac Program Brought Forward - Web Site
Appendix 3Y - Change of Directors Interests - Steve Sikirich - Web Site
WorkSafe Charges - Web Site
App3X - Web Site
Change in substantial holding - Web Site
Appendix 3E - Web Site
Appendix 3B - Web Site
Change in Interests of Substantial Holder from HGO - Web Site
Quarterly Activities Report - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
Expiry of Options - Web Site
Response to ASX Query and Replacement App 3Xs - Web Site
Renison Mine Re-Opening - Public Address - Web Site
Becoming a substantial holder - Web Site
Quarterly Cashflow Report - Web Site
Becoming a substantial holder - Web Site
Becoming a substantial holder - Web Site
Quarterly Activities Report 30 June 2008 - Web Site
Becoming a substantial holder - Web Site
Appendix 3B - Web Site
NZO: Momoho Exploration Well Disclosure Notice - Web Site
Quarterly Activities Report - Web Site
Status of defeating conditions - Web Site
Becoming a substantial holder - Web Site
Presentation at the 4th Uranium Conference Fremantle 23 July - Web Site
Progress Report - scoping study completed - Web Site
Change in substantial holding - Web Site
Quarterly Activities Report
Production impacted by Mutineer-Exeter workovers and John Brookes shut-in
Record second quarter sales revenue
Key activities during the period
Brew 1 Drilling Report
Brew 1 is currently drilling in the Patchawarra Formation at 2151m and maintaining the 30° deviation from vertical. - Web Site
Quarterly Cashflow Report - Web Site
Appendix 3B - Web Site
Uranex presentation to Uranium Conference - Fremantle - Web Site
Ceasing to be a substantial holder - Web Site
Quarterly Cashflow Report - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Change in substantial holding - Web Site
Quarterly Activities Report - Web Site
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Thursday 24 July 2008 (Close of Business - New York)
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| All Ords | 5188.4 | +26.8 | Dow Jones | 11,349.28 | -283.10 | |||
| ASX100 | 4173.1 | +36.9 | S&P 500 | 1252.54 | -29.65 | |||
| ASX200 | 5144.1 | +38.8 | Nasdaq | 2280.11 | -45.77 | |||
| ASX300 | 5137.3 | +37.5 | NYSE Volume ('000) | 6,188,444 | ||||
| Materials (Sector) | 13,537.9 | -443.3 | US 10-Year Bond | 4.016% | -0.132 | |||
| All Ords Gold (Sub Industry) | 5027.1 | -215.4 | Gold - spot/oz | US$926.50 | +6.90 | |||
| Metals & Mining (Industry) | 4723.9 | -156.3 | Silver - spot/oz | US$17.41 | +0.05 | |||
| Energy (Sector) | 16,748.3 | -486.1 | Platinum - spot | US$1695.00 | -37.00 | |||
| Shanghai Composite | 2910.3 | +72.4 | Palladium - spot | US$385.00 | +4.00 | |||
| Hang Seng | 23,087.7 | -46.8 | Uranium - spot US$/lb | US64.50 | +0.50 | |||
| India BSE 30 | 14,777.0 | -165.3 | Reuters-CRB Index (CCI) | 542.36 | -4.13 | |||
| Jakarta Composite | 2257.1 | +31.2 | Light Crude (NYM - $US per bbl.) | US$125.49 | +1.05 | |||
| Nikkei | 13,603.3 | +290.4 | Natural Gas (NYM - $US/mmbtu) | US$9.38 | -0.47 | |||
| Taiwan Weighted | 7368.1 | +58.3 | Copper (LME - spot $US/tonne) | 8158 | -117 | |||
| FTSE 100 | 5362.3 | -87.6 | Lead (LME - spot $US/tonne) | 2221 | +93 | |||
| German DAX | 6440.7 | -95.4 | Zinc (LME - spot $US/tonne) | 1876 | +12 | |||
| A$ = US95.84 | -0.37 | Nickel (LME - spot $US/tonne) | 18,845 | -1,295 | ||||
| A$ = 102.96yen | -0.91 | Aluminium (LME - spot $US/tonne) | 2928 | -29 | ||||
| A$ = 0.611Euro | -0.002 | Tin (LME - spot $US/tonne) | 22,390 | -840 | ||||
| A$ = 0.482GBP | +0.001 | Sydney Futures Exchange - SPI | 5040 | -102 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major indexes fell about 2 percent, including the Dow Jones industrial average, which lost more than 280 points.
Adding to investors' pessimism, the Labor Department reported Thursday that the number of people filing first-time claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy.
Declining issues outnumbered advancers by about 4 to 1 on the New York Stock Exchange, where consolidated volume came to 5.98 billion shares, compared with 6.56 billion shares traded Wednesday.
Crude oil rose as some traders purchased contracts on speculation prices fell too far in the past two weeks.
New Haematite Prospect Identified at Norseman - Web Site
Appendix 3B - Web Site
Quarterly Activities Report - Web Site
AQP Fourth Quarter 2008 Production Results
Highlights of the Quarter
Commenting on the results, Stuart Murray, CEO of Aquarius Platinum said: "Production during the quarter was hampered by industrial relations issues at our operations. This situation necessitated significant intervention and activism by AQPSA management, largely in respect of dealing with the relationships between mining contractors and their employees. As a consequence AQPSA entered into contract renegotiations with the major mining contractor at Kroondal and Marikana which saw AQPSA taking over key mining and finance positions on the mines. These changes to the company's contracting model in South Africa, whilst disruptive to implement, are necessary, and I am confident will bear fruit in the future. Lifting volumes is paramount if margins are to be maintained in light of significant cost pressures, as we all continue grapple with significant escalation in prices for electricity, diesel, steel, chemicals, labour and explosives. Record prices during the quarter went someway to offsetting the impact of higher costs, though not enough to lift margins as in previous quarters." - Web Site
SRK: General Company Update - Web Site
Appendix 3B - Web Site
Results of Meeting - Web Site
Appendix 3B - Web Site
240708 Appendix 3Y - Web Site
Company Presentation - Australian Uranium Conference - Web Site
Competent Persons Statement MP252 - Web Site
Waite Kauri Nickel/Cobalt Project - Progress Report - Web Site
Appendix 3Y Directors Interest Notice - Web Site
Change in substantial holding - Web Site
Jackson targets "hot" uranium projects in Argentina
Australian-based exploration company Jackson Minerals Limited (ASX:JAK) is well placed to capitalise on Argentina's plans to almost double its nuclear power consumption by 2015.
Addressing a major uranium conference in Fremantle, Western Australia, Jackson Minerals Managing Director Brett Smith said Argentina had the potential to be one of the world's top 10 uranium producers and Jackson Minerals' Rio Colorado project had the capacity to be one of the countries biggest sources of uranium.
"Currently, Argentina's two nuclear power stations - Atucha 1 and Embalse - produce 8.6% of the country's power consumption," he said.
"By 2015, the country's nuclear agency - Comision Nacional de Energia - plans to lift Argentina's nuclear power capacity to 16%, with construction of a second reactor at Atucha already underway and scoping studies being completed for a fourth reactor.
"The Argentinean government has favourable and responsible legislation for uranium exploration, mining and processing and maintains a right to purchase uranium from local mines at international market prices.
"Consequently, Jackson Minerals is excited because both our projects - at Rio Colorado in Catamarca and Las Marias in San Juan - are located in close proximity to Argentina's two nuclear power reactors.
"This factor significantly reduces the cost of transporting the uranium to its point of use."
Mr Smith said the Rio Colorado project, located about 1,000 kilometres north-west of the Argentinean capital Buenos Aires, had a strike length of 16 kilometres and was considered a high-grade uraniumcopper- silver target. - Web Site
Australian Uranium Conference 2008 - Presentation - Web Site
Appendix 3Y - BJF - Web Site
Court Approves Scheme of Arrangement - Web Site
Becoming a substantial holder from MQG - Web Site
Renounceable Issue - Web Site
Replacement Bidder`s Statement in mark-up - Web Site
Replacement Bidder`s Statement - Web Site
First Supplementary Bidder`s Statement - Web Site
Drilling Report (Cobra 1A ST1). 24 July 2008
Oil Search reports that at 0600 on 24 July, the Cobra 1A ST1 well was at a total depth of 2,914 metres and pulling out of hole. Progress for the week was 213 metres. The forward plan is to run logs over the sidetrack section.
Cobra 1A ST1 is located in PPL 190 and lies 13 kilometres east of the SE Gobe oil field and 7 kilometres east of the Bilip oil discovery.- Web Site
Change in substantial holding from PPT - Web Site
Reed Appoints Steven Cole as Deputy Chairman - Web Site
Change of Director`s Interest Notice - Web Site
SIMPSON-9 WELL DISCOVERY
Tap Oil Limited ("Tap") provides the following information for the Simpson 9 development well.
Location
The Simpson-9 objective is located in permit TL/6, part of the Harriet Joint Venture, at a surface location of latitude 20°40'24.14"S and longitude 115°35'05.61 "E within the Barrow sub-basin. The Simpson-9 prospect is approximately 2.5 km south of Varanus Island and is being drilled from the Simpson Bravo Platform using the Ensco 106 jack-up rig.
Progress
Simpson-9 has successfully intersected the reservoir objective. Logging over the Flag sandstone indicates an approximate 18 metre gross intersection of oil bearing reservoir. Current operations involve the running and cementing of the 178mm liner. Depending on operational synergies the drilling of Simpson-10 may be brought forward with the completion and tie in of Simpson-9 expected after the operations at Simpson-10.
Tap Comment
Tap is pleased with operations on Simpson-9 progressing ahead of schedule and the discovery of an oil bearing interval at the Flag sandstone objective in line with our pre-drill expectations. Production from Simpson-9 is expected to commence in December in line with the repairs to the Harriet Joint Venture processing facilities on Varanus Island. - Web Site
Quarterly Cashflow Report - Web Site
Quarterly Activities Report - Highlights
CONRAD SILVER PROJECT, NSW
OTHER PROJECTS
EXPLORATION EXPENDITURE
Notice of Compulsory Acquisition and Letter to Shareholders - Web Site
Appendix 5B - Web Site
Rocklands Presentation - Web Site
West Mailisu Well Number 1 Spudded
Caspian's 100% owned West Mailisu Well #1 spudded 1300hrs on July 21st and was this morning drilling ahead at 170m, heading towards a total depth of 1,000m.
The well is designed to test the presence of oil on the western flank of the Mailisu III structure, some 3km west of earlier drilling (see map). While considered to be a higher risk well, if successful, the presence of oil will significantly expand the resource potential of the Mailisu III field. This well will complete the initial six well appraisal programme for the Mailisu III oil field before the rig is upgraded with the view to drilling deeper prospects in the southern Fergana Basin.
While all five wells drilled to date have encountered oil in the Palaeogene limestone Beds V and VII, flow rates are likely to be modest at up to 10 barrels of oil per day due in part to low formation pressure at the shallow depths (620m-650m). The same target reservoirs are being tested at West Mailisu Well #1 at a depth of approximately 950m. At greater depths higher flow rates could be expected.- Web Site
MLM: sells COK shares and increases cash reserves by $20M - Web Site
OPTION TO PURCHASE MT GRAINGER GOLD MINES, SOUTH AUSTRALIA - HIGHLIGHTS
Lerala Diamond Mine Commissioning Update - Web Site
Notice under Section 708A(5)(e) of Corp. Act and Appendix 3B - Web Site
Star Finch-1, EP 460, Carnarvon Basin, Western Australia - Web Site
Uranium Conference Presentation Re-submitted - Web Site
Appendix 3B - Web Site
Sec 708A(5)(e) Notice - Web Site
Quarterly Activities Report - Web Site
Cooper Basin Project Update
Geodynamics is pleased to advise that the Jolokia 1 target well depth has been revised from 4,250 metres to 5,000 metres following discussions and agreement with our Joint Venture partner.
The revised objective of the well is to continue drilling deep into the granite to understand the fracture conditions beyond the first fracture zone. Drilling will continue to a maximum depth of 5,000 metres but may be suspended earlier depending upon a range of factors including the number and nature of fractures intersected and our ability to successfully test and isolate fractures at increasing depths. The original objective of Jolokia 1 remains unchanged to establish a single fracture for stimulation and circulation testing between this well and Jolokia 2.
The impact of modifying the well objectives will be to accelerate the knowledge and understanding of fracture conditions below the initial fracture zone, albeit increasing the time and cost taken to complete Jolokia 1. - Web Site
Change in substantial holding - Web Site
Form 603 - Notice of initial substantial holder - Web Site
Phase Two of Drilling Program Commences - Web Site
Response to ASX Price Query - Web Site
FURTHER COPPER-GOLD MINERALISATION INTERSECTED AT KANMANTOO
New Extensions to Existing Resource Identified
Hillgrove Resources Limited's (ASX:HGO) ongoing resource definition drill program at the company's flagship Kanmantoo Project has successfully met program objectives with further robust copper-gold intersections. Ongoing RC and diamond drilling programs (Tables 1 and 2, and Figure 1) have been designed to test the confidence in the initial mining inventory as well as demonstrate the ongoing growth potential of the resource
Results to date have been very encouraging with better results returned including:
EASTERN STAR GAS ENTERS PIPELINE HEADS OF AGREEMENT
Hillgrove Resources Limited (ASX:HGO) advises that Eastern Star Gas Limited together with its joint venture partner, Gastar Exploration Ltd, has entered into a Heads of Agreement with APA Group (APA), the owner of the Moomba to Sydney and the Central West Pipelines, to investigate the connection of the Narrabri coal seam gas project to APA's existing gas transmission pipeline system which would bring early direct access to the wider NSW market.
APA Group, comprising Australian Pipeline Trust and APT Investment Trust, is the leading ASX-listed energy transmission business in Australia with interests in more than 10,000 km of natural gas pipeline infrastructure, over 2,300 km of gas distribution networks in south east Queensland, coal seam gas processing plants, gas-fired power stations, gas storage facilities and two high voltage direct current electricity interconnector systems.
Hillgrove is a long standing supporter of the Narrabri gas project originally as a 32.5% joint venture partner and more recently as a strategic shareholder in Eastern Star Gas Limited with a fully diluted, direct interest of 22.6% valued at some $100 million. - Web Site
June 2008 Quarterly Activities and Cash Flow Report - Web Site
RIO: Rio Tinto iron ore sales arrangement, Iron Ore Holdings - Web Site
Change in substantial holding - Web Site
Appendix 3B - Web Site
Fourth Quarter Activities and Cashflow Reports - Web Site
UKL: Court Approves Monaro Scheme of Arrangement - Web Site
Chairmans presentation - Australian Uranium Conference - Web Site
OIL SEARCH SIGNS DOMESTIC GAS MOU WITH THE PNG GOVERNMENT
Oil Search is pleased to announce that it has today signed a Memorandum of Understanding (MOU) with the PNG Government. The MOU provides a framework for the PNG Government, its various agencies and Oil Search to work together to commercialise the substantial discovered PNG gas resource that is not currently dedicated to the PNG LNG Project.
Oil Search's Managing Director, Peter Botten, said:
"We are delighted to have executed this MOU with the PNG Government. While the Exxon-Mobil operated PNG LNG Project is our top priority, only approximately 60% of our gas resource in PNG is committed to PNG LNG. We are seeking to commercialise the remaining 40%, comprising approximately two tcf of gas plus associated liquids located in a number of fields, through the development of further LNG trains and other gas-based domestic and export industries.
Under the MOU, Oil Search will work with the PNG Government and other State entities to study gas development hubs/corridors and will review various options to aggregate commercial parcels of gas and develop gas infrastructure. It will also progress discussions with local gas suppliers and potential users of gas for both domestic gas-based industries and export, with Oil Search playing a key coordination and leadership role. - Web Site
Galoc Development Update
Otto Energy Limited (ASX: OEL) provides an update on the riser replacement and reconnection operations at the Galoc Oil Field.
Otto holds an 18.3% indirect interest in the field via a 32% shareholding in the operating company Galoc Production Company (GPC), which holds a 58.29% working interest in the Galoc Field.
GPC has informed the joint venture that replacement riser parts for the section of the riser that was damaged during typhoon FengShen have arrived at the Galoc Field.
Currently the Mooring and Riser System is being recovered to the surface and a thorough inspection and pressure testing of the umbilical will be carried out. The riser replacement and reconnection operations will then be undertaken. - Web Site
Third Diamond from Paramount`s Central Kimberley Concessions - Web Site
Initial Director`s Interest Notice - Web Site
DIRECTOR APPOINTMENT
The Directors of Prosperity Resources Limited (ASX:PSP) are pleased to announce the appointment of Mr Sebastian Hempel as a Director of the Company with effect, 21 July 2008.
Mr Hempel has over 17 years corporate advisory experience in the listed company area with specialties in capital raisings and ASX listings and in the resources sector.
He has conducted numerous capital raisings for a variety of resouces companies and has led various resource project sales and acquisitions, as well as acting for Australian and foreign investors in listed and unlisted resource companies. - Web Site
Drilling Commences on Priority Targets at Tennant Creek Mineral Field
Prosperity Resources Limited (ASX: PSP) is pleased to announce that a deep capacity RC drilling rig has commenced a 6000m drilling programme on its priority targets in the Tennant Creek Mineral Field in the Northern Territory.
Since the acquisition of this significant tenement package in the rich Tennant Creek Mineral Field in February 2008, the Company has conducted detailed geophysics surveys, as well as geological and prospectivity mapping to determine priority targets.
The recent results reported by Westgold Resources Ltd, Excalibur Mining Corporation Ltd and the 2 reports by Emmerson Resources Ltd provides the Company with further encouragement about the potential for a major discovery in this under explored mineral province. - Web Site
QOL Apendix 3B and Sect 708 Notice SPP - Web Site
East Oklahoma Drilling Commences - Web Site
Rio Tinto's innovative mine-gate iron ore sales arrangement with Iron Ore Holdings for a new Pilbara mine
Rio Tinto, through its Hamersley Iron subsidiary, and Iron Ore Holdings Limited (ASX: IOH) agreed today on commercial terms for an innovative mine-gate sales arrangement. Under the arrangement, Rio Tinto would purchase iron ore from a new IOH mine at Phil's Creek, 90 kilometres from Newman.
Once the feasibility of developing the Phil's Creek deposit is proven, the mine would be owned and operated by IOH, and Rio Tinto would purchase the supplied iron ore and transport it for sale to its customers. IOH would deliver the ore to the Yandicoogina stockyard, where Rio Tinto would assume ownership. The mine would produce an estimated one to 1.5 million tonnes a year.
Rio Tinto Iron Ore chief executive Sam Walsh said the agreement was an innovative solution that suited both parties. - Web Site
Final Director`s Interest Notice - Web Site
Audio broadcast with MD about Cambodia Gold Intersections - Web Site
Appendices 3Y for J Klein, H Xu and T McKeith - Web Site
Appendix 3B - Issue of directors` options - Web Site
Shield Sets Early 2009 for First African Gold Drilling - Web Site
Notice 708A - Web Site
OPERATIONS UPDATE
Target Energy Limited ("Target") (ASX CODE: TEX) is pleased to provide the following operations update. All reported depths are measured depths below the Rotary Table (RT) on the rig floor.
VINCENT #1 (BANDITO PROSPECT)
Report Date: 7:00 pm 23/07/08 (Western Aust Standard Time) / 6:00 am 23/07/08 (USA Central Daylight Time)
Current Depth: 3,810.0 metres RT.
Progress: Drill ahead from 3,547.6 mRT to 3,810.0 mRT. Run wireline logs.
Hydrocarbon Indications: Hydrocarbon shows will only be reported after wireline logs have been run and evaluated at the Total Depth of the well.
Primary and Secondary Targets: The Bandito prospect is targeting up to 42.4 Bcf (Billion cubic feet) of potential recoverable gas in Oligocene age "Bol mex" sands, and will be drilled to a depth of 3,932 metres (12,900 feet). Drilling is expected to take approximately five weeks.
Comment: We are now just above the primary target. Due to the high pressure environment we are drilling in, the operator has taken the prudent decision to run a liner prior to drilling ahead - this will ensure that we are well able to handle any additional increases in pressure that are expected as we continue to drill.
Running and cementing the liner is expected to take two or three days.
Target Energy will earn a 15% Working Interest in the well (subject to completion of earning phase).
PINE PASTURE #2 (EAST CHALKLEY) - WELL COMPLETION
Report Date: 7:00 pm 23/07/08 (Western Aust Standard Time) / 6:00 am 23/07/08 (USA Central Daylight Time)
Progress: The well has been successfully perforated and fracture stimulated over a 7.3m interval in the Alliance W2 sand. A pump has been installed and flow testing commenced on 22 July 2008. The well is presently being pumped at rates up to 336 barrels per day and has so far flowed approximately 646 barrels of water. At report time, the operator noted that they were starting to see oil flow.
Comment: The most likely recoverable volume of oil at the East Chalkley field is 2.4 million barrels. The flow testing at the Pine Pasture #2 well is proceeding according to plan as we initially flow back the load water that was injected into the formation as part of the stimulation program (approximately 354 barrels of load water are left to recover). Over the next few days we expect to see the amount of water decrease and the relative proportion of oil increase.
Target has a 25% Working Interest in the Pine Pasture #2 well. - Web Site
TNG Limited Quarterly Report June 2008 - Web Site
Becoming a substantial holder - Web Site
Quarterly Report - June 2008
Australian Uranium Conference - Web Site
Australian Uranium Conference - Amended Presentation - Web Site
Suspension from Official Quotation - Web Site
Presentation to the Botswana Resource Sector Conference - Web Site
New Discovery at Bokrobo - Web Site
Proposed drilling program for PEL73 - Web Site
Significant proposal received
Would see ARH play key role in 20+ Bt iron ore entity
Key points:
Response to ASX Query - Director`s Interest Notice - Web Site
Exploration Success Continues at Higginsville
Avoca Resources (ASX:AVO) this morning announced to the market the results of its ongoing exploration program at Higginsville, Western Australia. Whilst the market has been focused on Avoca completing the construction of its new 1 Mtpa treatment plant on time and on budget, the Company has remained very active on the exploration front. Significant results returned from this exploration campaign include the discovery of new lodes at Avoca's Trident gold mine (eg 2m @ 50.6 g/t gold) and also at Chalice (10m @ 3.8 g/t gold). Avoca has also intersected very encouraging gold mineralisation at the Vine JV (13m @3.9 g/t gold), Two Boys (2m @ 11.3 g/t gold) and the recently announced shallow Wills discovery (5m @ 11.4 g/t gold)....... - Web Site
Quarterly Cashflow Report - Web Site
Mt Scotchy Exploration Update - Web Site
Weekly Drilling Report - Web Site
Director Appointment/Resignation - Web Site
Rocklands Presentation - Web Site
Presentation-ALP Caucus Committee for Resources and Energy - Web Site
230708 Blamore 1 Report - Web Site
Multiple drill intercepts - Minter Tungsten Project NSW - Web Site
Notice Change of Interests of Substantial Holders for MXX - Web Site
Quarterly Cashflow Report - Web Site
Boardroom Radio Audio Broadcast - Web Site
GOLD AND NICKEL ANOMALIES AT KOOLYANOBBING
As foreshadowed in Emu Nickel's March 2008 quarterly report, additional geochemical soil sampling has been carried out on the Koolyanobbing project to follow up anomalous results from initial wide-spaced sampling.
The follow-up sampling (on 200m x 50m centres) covered a cumulative 5km strike length of an interpreted ultramafic contact along one margin of the project area. The sampling defined a 1km-long nickel anomaly (peak 534 ppm Ni compared to a background of 20 ppm Ni) with coincident anomalous copper values up to 177 ppm Cu (compared to a background of 15 ppm Cu). A programme of airborne EM surveying (VTEM) of the interpreted ultramafic contact is being planned in order to follow-up these encouraging results and test the 5km contact zone for evidence of sulphide conductors. The VTEM survey is scheduled to be carried out in the September quarter. Nickel sulphide-bearing ultramafics occur approximately 20km northwest along strike from this anomaly, adding to the prospectivity of this area.
In addition the follow-up sampling has outlined a coherent gold anomaly some 1.5km in length and situated about 6km southeast along strike from the nickel-copper anomaly reported above. The gold anomaly ranges up to 300 ppb Au compared to a background of 0.5 ppb Au, and coincides with an interpreted shear zone evident from aeromagnetics. Field checking of this promising anomaly is in progress and it is anticipated that, subject to the necessary permitting, a programme of clearing and RAB drilling will commence in the September quarter. - Web Site
RESERVE UPGRADE STATEMENT - GAZONOR FRANCE
HIGHLIGHTS
Commencment of Flow Testing - Block 430
Exploration Update - Welbourn Hill - Web Site
ETE MP252 Reserves Estimate - Web Site
Change of Director`s Interest Notice - Web Site
EXS - PDM Joint Venture to Evaluate Oil Shales Near Cloncurry
In February of this year, Paradigm Metals (PDM) and Exco Resources (EXS) entered into a joint venture arrangement to carry out a multi-commodity exploration program on jointly-owned tenements 50km east of Cloncurry in NW Queensland. Commodities being sought include uranium, vanadium, molybdenum and oil shale.
Given the current energy concerns facing the world's economies, the PDM-EXS joint venture is keen to revisit the oil shale potential near Cloncurry to reassess the size and grade of the deposits as defined by previous explorers.
Based on a review of more than 100 holes drilled by past oil shale explorers, potential exists for ~100km2 of oil bearing shale, believed to be at least 10m thick beneath 10-30m of sedimentary cover, on the EXS-PDM permits near Cloncurry. - Web Site
Uranium Conference Presentation - Web Site
FAR PRODUCTION & REVENUES SET TO LEAP - SUMMARY
OFFSHORE WEST AFRICA - LARGE FANS PROVIDE ADDITIONAL DRILL TARGETS
Technical studies confirm multiple fan systems with mean OOIP estimates of 183 million barrels for a single fan/single reservoir case further enhancing exploration potential offshore Senegal. Fans are an alternative play type to the giant shelf edge closure reported earlier.
Analogue fields include Mexico's Cantarell field, a super giant accumulation, and possibly North America's largest. In pre-rift time Senegal was considered to be adjacent to Mexico before the African and American continents pulled apart...... - Web Site
ASX - Alert on Unsolicited Offers for Shares - Web Site
Boardroom Radio Broadcast - Web Site
Change in substantial holding - Web Site
GSC Drilling Commenced at Brown Mountain - Web Site
Change in substantial holding - Web Site
Eastern Star Gas Enters Pipeline Agreement - Web Site
Quarterly Activities Report - Web Site
Change in Interests of Substantial Holder from HGO - Web Site
Quarterly Report - June 2008
KEY POINTS
OVERVIEW
Chatree Gold Mine
Development
Exploration
Corporate
Daily share buy-back notice - Appendix 3E - Web Site
New General Counsel and Company Secretary - Web Site
Upgrade to Largest 2P Gas Reserves in NSW - Web Site
Quarterly Report June 2008 - Web Site
Iron Ore at Spinifex Ridge - Web Site
Appendix 3B - Web Site
Notice of Initial Substantial Holder from FMS - Web Site
June Quarterly Results - Presentation - Web Site
Dividend Details - Web Site
Open Briefing corporate and project update - Web Site
Momoho Disclosure Notice
New Zealand Oil & Gas Ltd (NZOG) advises that at 2.00pm on 23 July the following plug and abandonment operations have been completed on Momoho 1:
The rig is currently waiting for appropriate weather conditions to set the final surface cement plug and conduct a seabed survey, prior to jacking down and moving off location. The next suitable window is expected towards the end of the week.
Momoho is 6 kms southeast of the Kupe central field, off the coast of South Taranaki.
Drilling began on 13 June 2008 and progress is summarised as follows:
Well section: 36inch 22inch 17inch 12 1/4inch 8-1/2inch
Planned Depth: 170.5m 550m 1,830m 2,855m 3,142.5m
Actual Depth*: 180m 561m 1,845m 2,898m 3,145m
*Depths are cumulative and show total well depth measured below the rotary table (MDRT) - Web Site
OceanaGold Corporate Update
OceanaGold today announced that consistent with previous company releases and the Open Briefing interview on June 25th, 2008, the Company is currently in discussions with various parties regarding strategic options for the Didipio project. These options include joint venture and/or merger opportunities. - Web Site
Additional High Grade Mineralisation Intersected at Andrew - Web Site
Quarterly Cashflow Report - Web Site
First Shipment of Phu Kham Copper-Gold Concentrate - Web Site
Paradigm Exco Joint Venture to Evaluate Oil Shales near Cloncurry
Based on a data review, Paradigm and Exco exploration permits near Cloncurry contain 100 sq km of oil bearing shale at least 10m thick beneath 10 to 30m of sedimentary cover. A drill program, which has started, is targeting shallow sections of oil shale where past data are sparse and to reassess oil grade. Drilling will also assess the vanadium, molybdenum, and uranium potential. - Web Site
Change in substantial holding for RPM - Web Site
Internal Capital Management Transactions - Web Site
Change in substantial holding - Web Site
Becoming a substantial holder - Web Site
First substantial gold intersections in Cambodia - Web Site
Letter to Shareholders - Web Site
SNU move into WA Three Springs Agreements Finalised - Web Site
Prefeasibility Results Confirm World Class Prospects in Peru - Web Site
Fourth Quarter Activities and Cashflow Reports - Web Site
Brew 1 Drilling Report
Brew 1 is currently directionally drilling at an angle of 30o to vertical in the Patchawarra Formation at 2040m. - Web Site
Updated Drilling at Webbs Silver - Web Site
Quarterly Activities Report - Web Site
Appendix 3B - Web Site
Rights Issue Prospectus - Web Site
Final Director`s Interest Notice - Web Site
Increased presence with US investors through OTCQX - Web Site
|
Wednesday 23 July 2008 (Close of Business - Wall Street)
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| All Ords | 5161.6 | +85.7 | Dow Jones | 11,632.38 | +29.88 | |||
| ASX100 | 4136.2 | +82.1 | S&P 500 | 1282.19 | +5.19 | |||
| ASX200 | 5105.3 | +99.7 | Nasdaq | 2325.88 | +21.92 | |||
| ASX300 | 5099.8 | +98.7 | NYSE Volume ('000) | 6,776,616 | ||||
| Materials (Sector) | 13,981.2 | -87.3 | US 10-Year Bond | 4.148% | +0.051 | |||
| All Ords Gold (Sub Industry) | 5242.5 | -132.3 | Gold - spot/oz | US$919.60 | -25.30 | |||
| Metals & Mining (Industry) | 4880.2 | -37.8 | Silver - spot/oz | US$17.36 | -0.51 | |||
| Energy (Sector) | 17,234.4 | -223.8 | Platinum - spot | US$1732.00 | -65.00 | |||
| Shanghai Composite | 2837.8 | -8.3 | Palladium - spot | US$381.00 | -22.00 | |||
| Hang Seng | 23,134.6 | +607.1 | Uranium - spot US$/lb | US64.00 | unch | |||
| India BSE 30 | 14,942.3 | +838.1 | Reuters-CRB Index (CCI) | 571.90 | na | |||
| Jakarta Composite | 2225.8 | +13.1 | Light Crude (NYM - $US per bbl.) | US$124.44 | -3.98 | |||
| Nikkei | 13,312.9 | +128.0 | Natural Gas (NYM - $US/mmbtu) | US$9.85 | -0.29 | |||
| Taiwan Weighted | 7309.8 | +244.2 | Copper (LME - spot $US/tonne) | 8275 | -91 | |||
| FTSE 100 | 5449.9 | +85.8 | Lead (LME - spot $US/tonne) | 2128 | -10 | |||
| German DAX | 6536.1 | +93.3 | Zinc (LME - spot $US/tonne) | 1864 | -4 | |||
| A$ = US96.21 | -0.91 | Nickel (LME - spot $US/tonne) | 20,140 | -310 | ||||
| A$ = 103.87yen | -0.30 | Aluminium (LME - spot $US/tonne) | 2957 | -28 | ||||
| A$ = 0.613Euro | -0.002 | Tin (LME - spot $US/tonne) | 23,230 | -300 | ||||
| A$ = 0.481GBP | -0.007 | Sydney Futures Exchange - SPI | 5113 | +12 | ||||
| Click on Links to Access Charts | ||||||||
Stocks advanced for the second straight session Wednesday as another fall in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.
Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand. A weekly report by the Energy Department's Energy Information Administration offered further evidence that cash-strapped Americans are cutting back on fuel. Demand for gasoline over the four weeks ended July 18 was 2.4 percent lower than a year earlier, averaging more than 9.3 million barrels a day.
The House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.
Advancing issues outnumbered decliners by about 5 to 3 on the New York Stock Exchange, where consolidated volume came to 6.56 billion shares, compared with 6.04 billion shares traded Tuesday.
Copper slid to the lowest price in a month, and gold fell the most in six weeks, as a stronger US dollar and lower energy costs reduced demand for commodities as a hedge against inflation.
Early Thursday morning New Zealand's central bank cut interest rates - the official cash rate (OCR) was lowered by 25 basis points to 8% in the first rate cut in five years - and said it would likely ease rates further if the inflation outlook improved.
July 08 Investor Presentation - Final Update - Web Site
ASX Listing Rule 3.2 Notice - Web Site
Fourth Supplementary Bidder`s Statement - Web Site
Financial Close on 450 MW Braemar 2 Power Station and Origin Energy Electricity Hedge Agreement
The Directors of Arrow Energy Ltd (Arrow) are pleased to announce that the Braemar 2 Partnership (a 50:50 partnership between subsidiaries of Arrow and ERM Power Pty Ltd) has achieved financial close on a $335 million project finance facility completing the funding requirements for the development of the 450 MW Braemar 2 Power Station. In order to provide an underpinning revenue stream for the project, the Braemer 2 Partnership has also entered into an electricity hedge agreement with Origin Energy Ltd for 300MW of electricity hedges for a minimum of 10 years, with options over an additional 150MW of capacity.
The 450 MW Braemar 2 Power Station and associated high pressure gas pipeline are being developed by the Braemar 2 Partnership at an estimated cost of $546 million. The power station is located approximately 40 km west of Dalby in Southern Queensland adjacent to the Braemar 1 power station which was managed by ERM Power from conception through to successful construction, operation and trading. The power station is in close proximity to Arrow's Daandine and Stratheden gas fields.
Arrow has a Gas Sales Agreement with the Braemar 2 Partnership to supply 11.5 PJ p.a. of gas over a 12 year period using a pricing formula that will look through to the underlying electricity revenues. This gas will be supplied from a combined development of the 100% Arrow owned Daandine and Stratheden fields which are close to the power station site. Additional gas for the power station during 2009 and 2010 is also being sourced from Origin Energy.
ERM Power will continue to manage the project through construction and commissioning and has entered into a long term contract with the partnership to operate and to trade the power station's output. - Web Site
Financial Close on Braemar 2 Power Station - Web Site
Appendix 3B - Web Site
Presentation to Capital Resources Conf Botswana - Web Site
Fourth Quarter Activities Report
Highlights
Kingsgate Molybdenum-Silica-Bismuth Project, Glen Innes, NSW
Further positive assay results were received from the resource drilling program at Kingsgate. Better intersections included:
2m @ 1.466 % Mo and 0.256 % Bi from 18m
3m @ 0.745 % Mo and 0.080 % Bi from 14m
5m @ 0.317% Mo and 0.101 % Bi from 2m
3m @ 0.017 % Mo and 0.678 % Bi from 7m
4m @ 0.240 % Mo and 0.666 % Bi from 51m
All assay data has been forwarded to consultants for resource modelling, which is currently in progress. It should be noted that the modelling completed for the feasibility study will cover only 10 per cent of the entire project area.
Production of a very high purity molybdenum product has been achieved in the final stage of molybdenum metallurgical test work. As a result, process options have been finalised. Ammonium molybdate has been produced, which will be marketed directly to end-users. It is readily converted to molybdenum trioxide (MoO3) or molybdenum metal powder (Mo), the starting materials for most Mo applications. The Company expects a premium price will be realised for the Kingsgate product over molybdenite (MoS2) concentrates normally produced from molybdenum mining operations. Marketing discussions have commenced.
Khartoum Tin Project, North Queensland
Assessment of results from current exploration at the Khartoum tin project are compelling and indicate at this early stage the potential for the discovery of a new world class tin deposit.
Exploration to date suggests a mineralised system with a conceptual tonnage potential of 80 - 120 million tonnes, averaging 0.2%-0.3%Sn based upon the areal extent of greisen tin mineralisation discovered within the project area, and the reported results of the Company's geological mapping, sampling and drilling program. There has been insufficient exploration undertaken to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
Initial metallurgical testwork undertaken on diamond drillcore of fresh greisen mineralisation indicate a combined tin recovery from gravity and flotation of 71%. This result is considered highly encouraging because significant improvements are likely to be made with modification to grinding and flotation circuit parameters. Mineralogical studies indicate the cassiterite is generally of fine grain size (<100µm), free from sulphide, and contains only trace stannite (an uneconomic tin mineral).
A total of 427 composite (5m) rock chip samples have been recently collected from 84 channel sample traverses across greisen mineralisation located in the Boulder-Ahmets region covering a 25km2 area.
3D modelling of mapped greisen bodies has commenced with the objective of designing a second phase of RC drilling to be conducted in the second half of 2008 aimed at developing an initial JORC compliant resource.
The tin price is strong with a positive outlook; currently (17 July 2008) the metal is A$24,100 per tonne.
Lyell Goldfields, New Zealand
A second phase of infill soil sampling was completed during the quarter. Results were highly anomalous and confirmed the original sampling results. A finalised drill plan, incorporating latest assays, will be completed in the September quarter.
Corporate
Subsequent to the end of the quarter, the Company announced a 1-for-2 non-renounceable pro rata entitlement issue at $0.10 per option exercisable at $0.75 and expiring on 30 September 2010. The issue to eligible shareholders opens 1 August 2008 and closes 22 August 2008.- Web Site
Rights Issue Offer Document Dispatched - Web Site
VPE: Orallo South-1 Coal Seam Gas Weekly Drilling Update - Web Site
Ceasing to be a substantial holder - Web Site
Presentation Botswana Resources Conference July 2008 - Web Site
Change of Company Name - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Expansion Planning Update - Web Site
Appendix 3B - Web Site
Trading Halt - Web Site
Appendix 3B - Web Site
Becoming a substantial holder - Web Site
Nido Weekly Operations Update to 23 July 2008
Nido Petroleum Ltd (Nido) is pleased to provide this update on its operational activities, offshore Palawan Basin, the Philippines.
Galoc Development Project
Since last week's operations update, the field Operator has advised that the new riser sections have arrived at the field location and the final preparations are being made to replace the damaged riser section (see attached). First, the FPSO will be moored via the mooring tether, the umbilical line will be tested and then the damaged riser section will be removed and replaced.
Including the systems integrity testing required prior to first oil, this is a complex operation which will take more than a week to complete and involve the FPSO, three support vessels and a submersible remotely operated vehicle (ROV). The operations and weather will be monitored closely throughout this period to ensure the successful completion of the work whilst protecting all personnel and the field assets.
SC54 Operations
The site survey program of eight sites (including several in the shallow water and the Gindara site) has been progressing well with approximately 75% of the program completed to date, including the completion of the environmental baseline study. This program is on schedule to be completed before the end of the month in preparation for the arrival of the soil coring vessel. - Web Site
Final Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Results of Meeting - Web Site
Quarterly Cashflow Report
Straits Objects to EPA Decision on Yannarie Solar - Web Site
Notice of Meeting Correction - Web Site
Presentation to Australian Uranium Conference in Fremantle - Web Site
July 23, 2008 Appendix 3B - Web Site
Ceasing to be a substantial holder - Web Site
Appendix 3B - Web Site
Quarterly Cashflow Report - Web Site
Unsolicited Offers for Woodside Shares - Web Site
Quarterly Activities Report - Web Site
Kerkouane Permit Tunisia - Web Site
July 2008 - Institutional Presentation Update - Web Site
MUNALI NICKEL PROJECT UPDATE ON PROGRESS - Web Site
FURTHER HIGH GRADE INTERCEPTS AT PROMONTORIO
RESOURCE DRILLING CONFIRMS CONTINUITY OF HIGH GRADE MINERALISATION AND SIZE POTENTIAL
Azure Minerals Limited (ASX: AZS) is pleased to advise that the Company has received more high grade copper, gold and silver assays from resource definition drilling at the Promontorio Project in Chihuahua, Mexico.
HIGHLIGHTS
June 08 Quarterly Activities and Cashflow Report
Key Points
Notice of General Meeting/Proxy Form - Web Site
Ball Mills Update - Masbate Gold Project - Web Site
220708 Blamore 1 Report - Web Site
Quarterly Activities Report - Web Site
Quarterly Activities and Cashflow Reports - Web Site
Star Finch-1, EP 460, Carnarvon Basin, Western Australia - Web Site
GREENBUSH PROJECT UPDATE - Web Site
Presentation Australian Uranium Conference - Web Site
Fourth Quarter Cashflow Report - Web Site
Half Year Accounts - Web Site
PMM: Portman Response to GWR Notice of General Meeting - Web Site
Appendix 3B - Web Site
Ironbark begins trading on OTCQX exchange in USA - Web Site
SXG: Gold Resource Upgraded to 394,000 Ounces - Web Site
Drilling extends Evelyn discovery - Web Site
Batchelor project phosphate sampling - Web Site
Liberty Acquires Manganese Project - Web Site
Initial Director`s Interest Notice x 4 - Web Site
Director Resignation - Web Site
Mining Commences at Copernicus
Panoramic Resources is pleased to advise that open pit mining has commenced at the Copernicus Nickel Project. The Copernicus Nickel Project is an unincorporated joint venture between Panoramic (60%) and Thundelarra Exploration Limited (40%) with Panoramic as the Manager and Operator.
Brierty, the mining contractor, has now established the necessary infrastructure at the mine site and has begun mining operations with the commencement of the removal of waste material prior to the mining of ore in September 2008. Riverlea, the haul road contractor, is well advanced on the construction of the 23 km haul road linking the Great Northern Highway to the mine.
The Project remains on schedule to begin delivery, in October 2008, of Copernicus Ore to the Savannah Concentrator for toll processing. - Web Site
Appendix 3B - Exercise of Options - Web Site
Change in substantial holding - Web Site
Outstanding Test Results Duncan 3 - Gulf Coast - Web Site
WOOLLYBUTT REACHES PRODUCTION TARGET
Tap Oil Limited ("Tap") advises that production from the Woollybutt field, which now includes the Woollybutt South lobe, has reached 12,000 bopd.
Location
The Woollybutt field located in permit WA-25-L includes the previously drilled Woollybutt and Scalybutt wells and the recently commissioned Woollybutt 4H Development well.
Progress
Production from the Woollybutt field recommenced on 13th June 2008. Since that date production from the Woollybutt South lobe has been brought on stream via the Woollybutt 4H well. The production levels for the greater Woollybutt field is currently 12,000 bopd. Production from the field will continue to be optimised and is now expected to proceed in accordance with normal facility uptime and operating conditions.
Tap Comment
Achieving a production level of 12,000 bopd demonstrates a successful conclusion to the Woollybutt South Development project. This development has resulted in the increase of the ultimate reserves of Woollybutt to approximately 40 MMbbls of which 29 MMbbls have been produced to date. - Web Site
SIMPSON-9 WELL SPUDS
Tap Oil Limited ("Tap") provides the following information for the Simpson 9 development well.
Location
The Simpson-9 objective is located in permit TL/6, part of the Harriet Joint Venture, at a surface location of latitude 20°40'24.14"S and longitude 115°35'05.61 "E within the Barrow sub-basin. The Simpson-9 prospect is approximately 2.5 km south of Varanus Island.
Progress
Simpson-9 is being drilled from the Simpson Bravo Platform using the Ensco 106 jack-up rig. The operation reuses the slot from the previously watered out Simpson-6 well. Operations on Simpson-9 commenced upon completion of the abandonment of Simpson-6 and is currently at a depth of 1,844 metres measured depth, drilling to a target depth of approximately 2,360 metres measured depth.
Tap Comment
The objective of the Simpson-9 oil well is a test a low relief, four way dip attic closure mapped at top Flag Sandstone level within the Simpson field. In the event of a discovery, Simpson-9 will be completed and tied into the Harriet Joint Venture production network.
Completion of Simpson-9 is expected to take approximately 13 days and will be followed by the drilling of Simpson-10, also from the Simpson Bravo platform. - Web Site
Quarterly Activities Report - Web Site
Finley Basin Tungsten Project - Option Exercised - Web Site
OIL SHALE AND LIGNITE - MULLAQUANA PROJECT SOUTH OF WHYALLA
UraniumSA Limited has made the decision to assess more thoroughly the prospectivity of oil shale and lignite deposits on its Mullaquana tenement after 9 of 30 of its recently drilled uranium exploration holes intersected significant lignite and oil shale.
Work by BHP Exploration Pty Ltd (BHP) in 1983 identified a body of lignite and oil shale at Mullaquana, and the recent UraniumSA drilling intersected lignite and lignitic sediments both in the area of this previous BHP work and in new areas within the tenement....... - Web Site
Orallo South-1 Coal Seam Gas Weekly Drilling Update, Don Juan CSG Project, ATP 771P, Surat Basin, Queensland
Summary:
Victoria Petroleum N.L. (Vicpet) has been advised by the operator Bow Energy Limited (Bow) that Carnarvon-3 was successfully cored to a total depth of 390 metres. The rig commenced drilling at Carnarvon-4 on 21 July 2008 and is coring ahead.- Web Site
Quarterly Statement of Production, Development, Exploration - Web Site
A-cap - Botswana Resource Conference Presentation - Web Site
Update on Hawkswood Loan Payment - Web Site
The Chirundu Uranium Project Zambia July Investor Update - Web Site
Change of Adviser - Web Site
Four Mile Uranium JV Update- Drilling continues at Four Mile East and recommences at Four Mile West
Appendix 3B - Web Site
AIM Commences Legal Proceedings - Web Site
Austpac Resources NL Shareholder Update
3,000 TPA ERMS SYNRUTILE DEMONSTRATION PLANT
Change in substantial holding - Web Site
AWEs Netherby-1 drilling update - Web Site
BHP BILLITON QUARTERLY REPORT ON EXPLORATION AND DEVELOPMENT ACTIVITIES QUARTER ENDED 30 JUNE 2008 - Web Site
BHP BILLITON PRODUCTION REPORT FOR THE YEAR ENDED 30 JUNE 2008
Annual production was significantly up in 13 commodities, with records achieved in seven commodities. These records were delivered in 14 assets across six of our nine Customer Sector Groups (CSG). This was achieved in an environment in which supply disruptions and input cost pressures are placing challenges on the industry response to continued strong global demand for commodities.
We achieved record shipments in iron ore and manganese, at a time when pricing reached unprecedented levels and demand outlook remains very strong. Western Australia Iron Ore achieved an eighth consecutive annual production record, maintaining an exceptional track record of project delivery. Metallurgical coal production recovered strongly from the extreme weather interruptions during the March 2008 quarter.
Newly commissioned petroleum projects in fiscally stable regimes contributed to a record performance. Ramp up of production from these projects and future growth options will continue to increase the weighting of high margin liquids in our portfolio mix at a time of historically high oil prices.
We continue to develop and deliver world class projects that add significant shareholder value. First product was delivered from 10 major projects across five commodities during the year. A further seven major projects were sanctioned during the period. Over the past quarter we announced a significant increase in our iron ore and manganese resources and reserves. This, along with the Pampa Escondida prospect (Chile), are excellent examples of our deep inventory of expansion options. These options are underpinned by an extensive exploration and development program...... - Web Site
Presentation at Australian Uranium Conference 23 July 2008 - Web Site
Appendix 3B - New Issue Announcement - Bonus Issue Amdt 2 - Web Site
Drilling Update - Web Site
Joint Company Secretary Resignation - Web Site
Gold Intersections at South Wattle Gully - Web Site
June 2008 Quarterly Report - Web Site
Drilling Update
GOLDEN #33-20, DRILLING AHEAD AT 1,485 FEET IN SIDETRACKED HOLE- Web Site
Notice of Change of Interests of Substantial Holder for MXX - Web Site
Pre-Feasibility Study delivers robust economics - Web Site
Audio Broadcast on Exploration Update - Web Site
QUARTERLY REPORT - FOR THE PERIOD ENDING 30 JUNE 2008
HIGHLIGHTS
NAMIBIA
AUSTRALIA
CORPORATE
Presentation at Australian Uranium Conference - Web Site
New Eden subsidiary to drive Global Hydrogen Revolution - Web Site
Star Finch-1, EP 460, Carnarvon Basin, Western Australia - Web Site
Appointment of Exploration Manager - Web Site
Heads of Agreement with Pipeline Company APA Group - Web Site
Monthly Drilling Report - July 2008 - Web Site
Drilling Report Brearley 1H-11 - Web Site
Appendix 5B - Quarterly Cashflow Report - Web Site
Appendix 3B - Web Site
Appointment of MD and NED - Web Site
Change in substantial holding - Web Site
Change in substantial holding - Web Site
InterMet Offer Letter to Shareholders - Web Site
Ramu Financing - Web Site
Appendix 3E - Web Site
Australian Earth Sciences Convention Presentation - Web Site
Ceasing to be a substantial holder - Web Site
June 2008 Quarterly Activities Report - Web Site
Zheng Guang - Update on Capital and Operating Costs - Web Site
Works Approval Received for Mount Weld Concentration Plant - Web Site
Investor Presentation - Web Site
Quarterly Report for the period ended 30 June 2008
Highlights of the quarter are noted below:
Managing Director`s Presentation - Web Site
Change in substantial holding - Web Site
Appendix 3X New Director Mr Ian Andrew McCUBBIN - Web Site
Appendix 3X New Director Mr Ian Andrew McCUBBIN - Web Site
Appendix 3X New Director Mr Si Jun (Tony) CHENG - Web Site
Mintails Meets With South African Investors - Web Site
Appendix 3B - Web Site
Presentation July 2008 - Web Site
Weekly Drilling Update - Web Site
Award of Mine Fleet Supply Contracts and Fleet Finance
Northern Iron is pleased to announce that it has awarded the supply and maintenance contracts for the mine fleet to Pon Equipment (Caterpillar) and Atlas Copco. The Company has also accepted an offer to provide US$70 million of lease finance for the fleet from DnB NOR, the largest bank in Norway. - Web Site
OPERATIONS REPORT - INDIA
Oilex advises that drilling and testing operations are in progress at 2 locations in the Cambay Field, Cambay Basin, Gujarat, India. Preparations are being made to conduct drillstem tests (DST's) at Cambay-19Z and rigging up operations in preparation for spud of the well are in train at Cambay-73 (renamed from Cambay- 34Z) location. The following table gives a summary of current and planned operations. ...... - Web Site
THX: Mining Underway at Copernicus - Web Site
Becoming a substantial holder for MSR - Web Site
Second Quarter Report for period ended 30 June 2008
DEVELOPMENT
EXPLORATION
RESERVES REPORT - 30.6.08
Production and Cashflow
Production in the June quarter was 3.4 Bcfe, down 22% from the previous period mainly due to the shut-in of the Main Pass 270 gas field for most of the quarter as a result of a third party pipeline blockage and lower than expected production from the Mobile Bay fields caused by increased water production from a number of the wells.Vermilion 258 production was lower than the previous quarter as all 3 producing wells await recompletion to the next gas sands.
The Main Pass 270 field was shut in on 19 April 2008 due to a "pig" stuck in a production pipeline owned and operated by a third party. Daily production from the Main Pass 270 field net to Petsec was approximately 4,700 MCF and 120 barrels of oil prior to the blockage.
The Main Pass 270 field resumed production on 24 June 2008. Two wells were flowing at reduced rates and while bringing the third well into production, a third party operator discovered a leak downstream to Main Pass 270 in its pipeline at the Main Pass 133 platform. Production from Main Pass 270 flows by pipeline to Main Pass 133 where the oil and gas are separated and commingled with production from other fields and delivered into respective sales lines. Production is expected to recommence in August.
The average gas sales price received of US$8.77/Mcfe, (including hedging), was the same as the March quarter. During the June quarter, approximately 77% of production was delivered into hedge contracts at fixed prices.
Revenues were US$30.0 million, down 22% on the March quarter, in line with the lower production.
EBITDAX margin decreased to US$6.45 per Mcfe, down 12% after lease operating expenses of US$1.02/Mcfe and GG&A of US$1.07/Mcfe.
Capital expenditure for the quarter was US$12.5 million, including US$8.6 million on exploration and US$2.9 million on development activities.
Unsuccessful drilling costs of US$2.0 million were expensed during the quarter, being US$1.7 million for the CL&F#30-1 Well (Triple Play Prospect, Terrebonne Parish) and US$0.3m in additional dry hole costs for the Beibu Gulf JV first quarter drilling programme.....- Web Site
Former ENI onshore gasfield added to expanding portfolio - Web Site
Notice of Extraordinary General Meeting/Proxy Form - Web Site
New Iron Ore Claim Hamersley Basin - Web Site
AGATE CREEK GOLD RESOURCE INCREASED TO 461,000 OUNCES
AGATE CREEK GOLD PROJECT
UEQ: Exploration commences at Three Springs, WA - Web Site
SNU move into WA Three Springs Agreements Finalised-Amended - Web Site
Brew 1 Drilling Report - Web Site
Market Update - Web Site
Quarterly Activities Report
Key Developments
Appendix 3B - Web Site
Quarterly Cashflow Report - June 2008 - Web Site
Notice of Expiry of WMEO options - Web Site
Western Metals drills High Grade Uranium in Tanzania - Web Site
Quarterly Activities Report - Web Site
|
Tuesday 22 July 2008 (Close of Business - New York)
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| All Ords | 5075.9 | +0.5 | Dow Jones | 11,602.50 | +135.16 | |||
| ASX100 | 4054.1 | -9.3 | S&P 500 | 1277.00 | +17.00 | |||
| ASX200 | 5005.6 | -6.2 | Nasdaq | 2303.96 | +24.43 | |||
| ASX300 | 5001.1 | -4.4 | NYSE Volume ('000) | 5,923,474 | ||||
| Materials (Sector) | 14,068.5 | +212.1 | US 10-Year Bond | 4.097% | +0.030 | |||
| All Ords Gold (Sub Industry) | 5374.8 | +172.5 | Gold - spot/oz | US$944.90 | -20.90 | |||
| Metals & Mining (Industry) | 4918.0 | +89.4 | Silver - spot/oz | US$17.91 | -0.50 | |||
| Energy (Sector) | 17,458.2 | +194.0 | Platinum - spot | US$1797.00 | -35.00 | |||
| Shanghai Composite | 2846.1 | -15.3 | Palladium - spot | US$403.00 | -10.00 | |||
| Hang Seng | 22,527.5 | -5.4 | Uranium - spot US$/lb | US64.00 | unch | |||
| India BSE 30 | 14,104.2 | +254.2 | Reuters-CRB Index (CCI) | 571.90 | na | |||
| Jakarta Composite | 2212.8 | +17.7 | Light Crude (NYM - $US per bbl.) | US$127.95 | -3.09 | |||
| Nikkei | 13,185.0 | +381.3 | Natural Gas (NYM - $US/mmbtu) | US$10.14 | -0.44 | |||
| Taiwan Weighted | 7065.7 | -20.0 | Copper (LME - spot $US/tonne) | 8366 | +1 | |||
| FTSE 100 | 5364.1 | -40.2 | Lead (LME - spot $US/tonne) | 2138 | +93 | |||
| German DAX | 6442.8 | +18.0 | Zinc (LME - spot $US/tonne) | 1868 | +44 | |||
| A$ = US97.12 | -0.62 | Nickel (LME - spot $US/tonne) | 20,450 | +75 | ||||
| A$ = 104.17yen | +0.11 | Aluminium (LME - spot $US/tonne) | 2985 | +5 | ||||
| A$ = 0.615Euro | +0.001 | Tin (LME - spot $US/tonne) | 23,530 | -70 | ||||
| A$ = 0.488GBP | unch | Sydney Futures Exchange - SPI | 5050 | +34 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street shook off early doldrums and closed sharply higher Tuesday after another drop in oil prices encouraged investors to set aside financial sector worries and go bargain hunting across the market. The Dow Jones industrial average rose more than 135 points.
Stocks initially fell on uneasiness about the continuing impact of the housing market downturn and the credit crisis on financial company earnings. Disappointing results from American Express Co. and Wachovia Corp. fed those worries.
Advancing issues outpaced decliners by more than 2 to 1 on the New York Stock Exchange, where about 6.04 billion shares changed hands in consolidated trading compared with about 4.5 billion shares on Monday.
The price of oil began the session mildly lower on expectations that Tropical Storm Dolly wouldn't disrupt oil operations in the Gulf of Mexico. The advance increased after comments from a Federal Reserve official sent the US dollar higher against major currencies, a trend that in turn sends commodities lower.
Gold fell to the lowest in more than a week as a drop in energy costs and a rebound in the U.S. dollar reduced demand for the precious metal as a hedge against inflation. Silver also declined.
Quarterly Activities Report - Web Site
Appendix 3B - Web Site
Results of Annual General Meeting - Web Site
Letter to Shareholders - Web Site
Ashburton Acquires 100% of Transdrill - Web Site
DRILLING DISCOVERS A NEW ZONE AND EXTENDS HENRY5 & HENRY5 NORTH AT WILUNA
SUBSTANTIAL INDICATED RESOURCE INCREASE EXPECTED
Following its recent commitment to develop the Wiluna and Wilsons gold projects, Apex Minerals NL (ASX: AXM) is pleased to announce further encouraging results from underground drilling at Wiluna which has discovered a new zone known as Baldric. The results from recent drilling are also expected to lead to a substantial increase in the Indicated Resource in the Henry5-Henry5 North area.
A resource statement was announced on 27th May and an initial Probable Reserve based on the Indicated portion of this resource was announced on 23rd June 2008. Both of these statements were based on drilling undertaken to the end of April 2008. A revised resource estimate will be completed during the September quarter.
Baldric & Henry5 Footwall (50 lens)
Drilling beneath the Henry5 footwall zone has intersected significant mineralisation, comprising:
This intersection, together with a previous intersection of 18.7m @ 11.4g/t gold (est. 9.4m true width) in hole CADH784A, defines a new zone of mineralisation known as Baldric (Table 1 & Figure 1).
Infill drilling in the Henry5 Footwall zone has also intersected wider zones of mineralisation than previously encountered (Table 1 & Figure 1). Better intersections include:
Amended Appendix 3X - Web Site
Appendix 3Y - Change of Directors Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Beach Petroleum Limited - BPT - Prospectus - Web Site
Presentation of Production Update to AGM - Web Site
Change in substantial holding - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
220708 Quarterly Reports Q4 2007-08 - Web Site
Appendix 3B - Options - Web Site
Change of Director`s Interest Notice - Web Site
Release of Restricted Securities - Web Site
Ceasing to be a substantial holder - Web Site
APPOINTMENT OF NEW VENTURES MANAGER
Carnarvon is pleased to announce the appointment of Dr Robert Bird as New Ventures Manager. Robert is a geophysicist/geologist with 23 years international oil and gas experience, particularly in the South East Asian region. For the past two years he has been working on international projects out of Jakarta Indonesia for Murphy Oil. - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Quarterly Activities and Cash Flow Reports - Web Site
Appendix 3B
Change of Director`s Interest Notice - Web Site
NWH: New Contract - Web Site
Change of Director`s Interest Notice - Web Site
Ceasing to be a substantial holder - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Quarterly Cashflow Report - Web Site
Trading Halt - Web Site
Quarterly Activities Report - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3Ys x 3 - Web Site
Target Energy Limited - Appendix 3Y - - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Media Release - Larry Knight Inquest
Since the Anzac Day rock fall Beaconsfield Mine had become the most investigated mine in Australia and possibly the world, Beaconsfield Gold Chief Executive Officer Bill Colvin said today.
He said there has been an unprecedented level of investigation by authorities and by the mine itself following the tragic accident.
"What we know now was simply not foreseeable at the time of the rock fall," Mr Colvin said.
In addition to investigations into the cause of the rock fall, over the past two years the mine has developed four Cases for Safety which have examined every aspect of the mine's operation and which have now been accepted by Workplace Standards Tasmania.
After extensive consultation with employees and the AWU the mine is now using a new remote mining method that avoids the need for personnel to enter the ore body during the production phase.
The ramp-up to full mining rates was completed during June 2008. Employment levels are now back to slightly above pre Anzac Day levels, as exploration and mine development starts to be accelerated.
Mr Colvin said the mine had decided against the examination of every witness during the Inquest because the cause of the rock fall had already been subjected to 27 months of intense inquiry by a highly experienced and respected senior counsel, Mr Greg Melick, SC.
"This position should assist the process and help in achieving closure for Larry Knight's family and for past and present employees of Beaconsfield Gold Mine," Mr Colvin said.
Mr Colvin said the rock fall was a terrible tragedy and, on behalf of everyone involved with Beaconsfield mine, he wanted to publicly express condolences to Larry Knight's family and friends for their loss.
"We cannot imagine anything else that the mine could possibly add to the understanding of this matter that hasn't already been provided and exhaustively investigated by Mr Melick," Mr Colvin said.
"However, we absolutely respect the role of the Coroner to now carry out what he judges to be the appropriate enquiries," Mr Colvin said.
"There are two general issues which have generated some media attention. These are the implication that financial pressure compromised safety, and that there was a lack of proper hazard identification and risk analysis.
"These are scandalous allegations based on flimsy and, in some cases, factually incorrect evidence, which are addressed in our submission today, and by the weight of evidence already presented to the Special Investigation.
"Mr Melick concluded in his report that there was no evidence for saying that financial considerations compromised safety.
Information provided or available to the Coroner included:
Mr Colvin said that nevertheless all key mine witnesses would appear at the Inquest and co-operate with the Coronial Inquiry, and would have access to legal counsel.
Counsel representing the mine also urged the Coroner to call Special Investigator Greg Melick QC to provide evidence on his findings, in view of his unrivalled command of all of the material gathered by the Special Investigation.- Web Site
Share Placement
The Company is pleased to announce that it has reached agreements to place 20,000,000 shares with professional investors, at an issue price of $0.022 per share, to raise $440,000.
Funds from this placement will be applied to resource estimation, resource and exploration drilling, assaying drill hole samples, surveying drill holes, metallurgical testwork, soil geochemical sampling, geophysical interpretation and working capital on the Company's base metals and diamond projects in Botswana and Namibia.
The aims of the current drilling programme at the Company's base metals project in Botswana are to extend the Kihabe Zinc/Lead Resource and develop a resource at the Nxuu Prospect, seven kilometers east of Kihabe. - Web Site
Further Upgrade for Argonaut Nickel Discovery in Laos - Web Site
Cancellation of unvested options - Web Site
Change of Director`s Interest Notice - Web Site
ARQ: ARC AWE Merger - Indicative advice from ATO - Web Site
Quarterly Activities and Cashflow Reports - June 2008 - Web Site
Change of Director`s Interest Notice - Web Site
220708 Company Secretary Appointment - Web Site
Quarterly Report to 30 June 2008 and Appendix 5b - Web Site
DYL June 2008 Quarterrly Report - Web Site
Becoming a substantial holder - Web Site
Release of Restricted Securities - Web Site
Change of Director`s Interest Notice - Web Site
Quarterly Cashflow Report - Web Site
Audio Broadcast - Mining Leases Approved - Web Site
Grant of New Mining Leases Approved by Minister
Kingsgate has been advised that final ministerial approval has been received for the grant of the mining lease applications of Kingsgate's Thai subsidiary, Akara Mining Ltd, at Chatree North, next to the operating gold mine in central Thailand.
The Thai Deputy Prime Minister and Minister for Industry, Khun Suwit Khunkitti, approved the grant of the Mining Leases at Chatree North.
Mining on the new leases will commence during the next few weeks as mining lease formalities are completed by the Company and the local authorities. During that time, a larger, new fleet of mining equipment will be mobilised from storage in Bangkok and preparation work for opening up the new mining areas will get underway.
Mining will start by extending the current A pit at Chatree North and opening up new pits nearby. These new open pits are adjacent to the existing production facility.
Access to the new mining leases will significantly increase the average grade of the ore mined, increase operational cashflow and extend the mine life for many years.
The exploration programme will now recommence with a focus on resource development drilling on known extensions to current orebodies within these new leases. - Web Site
Option Entitlement Issue Complete - Web Site
Prospector Drilling Update
Prospector Drilling Program and VTEM Survey
Longtom 4 development well Progress report no 5 - Web Site
Quarterly report to 30 June 2008. 22 July 2008
HIGHLIGHTS
QGC brings forward payment date for Roma shareholders - Web Site
Change in substantial holding - Web Site
Quarterly Cashflow Report - Web Site
Hudson-1 Oil Exploration Well Completes Drilling, Barta Block Santos/Avery Resources Farmin, Cooper Basin, SW Queensland
Summary:
Victoria Petroleum N.L. has been advised by the Operator, Santos Limited, the operator of the ATP 752P Farmin Joint Venture that the Hudson-1 oil exploration well reached a total depth of 2,430 metres on 15 July 2008.
Wire line logs run over the weekend indicated the minor oil shows encountered in the Namur, Westbourne, Birkhead, Hutton, basal Jurassic and the Doonmulla sandstones are interpreted to be residual oil and/or indications of the migration of oil through the area and the well is being plugged and abandoned as a dry hole. - Web Site
West Wits completes sign-off of conceptual target statement - Highlights
As part of the West Wits Mining Limited (ASX:WWI) exploration program which began in January 2008, the Company formed a team to undertake a review of the substantial amount of historical information which exists concerning the Company's current lease portfolio. This review has enabled the Company to identify 14 new exploration targets, initiate the generation of a 3D model of historical mines which exist within the leases and develop the exploration program to incorporate conceptual target sizes and types. Production from these historical leases reached 61 million ounces of gold and 37 million pounds of uranium..... - Web Site
Initial Director`s Interest Notice - Web Site
Trading Halt - Web Site
Conrad Drilling Report - New Results Extend Silver Lodes
HIGHLIGHTS
Institutional Presentation - Web Site
Pardoo Project Development Update - Web Site
Company Secretary Movements and Registered Office Address - Web Site
Change in substantial holding - Web Site
Drilling Update, Booubyjan, Lake Monduran
Booubyjan
......The hole intersected a major fracture system related to the Mt Perry Fault system which caused extremely difficult drilling conditions. Assays have been received from the pre-collared section of the hole (0-100m) which returned two broad zones of moderate copper and gold mineralisation associated with magnetite alteration. They were:-
Manganese at Table Hill Extended South of Discovery Hole - Web Site
Trading Halt - Web Site
MAH: Macmahon Successful in Court Application - Web Site
ANTAM VOTED OVERALL WINNER - Web Site
Change in substantial holding - Web Site
New zone discovered and expected resource upgrade at Wiluna - Web Site
BML - Botswana Resource Conference Presentation - Web Site
PEM: Perilya and CBH terminate Merger Implementation Deed - Web Site
Formal Termination of Merger Agreement with Perilya - Web Site
Change in substantial holding - Web Site
Wonawinta Silver Project - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Browns Oxide Project Update - Web Site
Initial Director`s Interest Notice - Web Site
Quarterly Cashflow Report - Web Site
210708 Blamore 1 Report - Web Site
Presentation - Web Site
Appointment of New Ventures Manager - Web Site
Makhado Resource Upgrade - Web Site
Mt Isa Metals - Phosphate Project Tenement Granted
TCM: Corporate Update - Web Site
Trading Halt - Web Site
Star Finch-1, EP 460, Carnarvon Basin, Western Australia - Web Site
Gold and Nickel Anomalies at Koolyanobbing - Web Site
APA: Agreement with Eastern Star Gas and Gastar Exploration - Web Site
Quarterly Activities Report - Web Site
Senegal - Large Fans Provide Additional Drill Targets - Web Site
Corporate Direction and Portfolio Update - Amended - Web Site
A$70M COMMITMENT TO LONG-LEAD ITEMS FOR KARARA IRON ORE PROJECT
FIRST MAJOR EQUIPMENT PURCHASES FOR A$1.8 BILLION IRON ORE PROJECT
Gindalbie Metals Limited (ASX: GBG - "Gindalbie") and its joint venture partner, Anshan Iron & Steel Group Corporation ("AnSteel"), have further reinforced their strong commitment to the timely development of the A$1.8 billion Karara Iron Ore Project in Western Australia after placing firm orders totalling approximately A$70 million for key long-lead equipment items for the project's construction phase.
The orders represent the first major equipment purchase for the Karara Project and are expected to be followed by a series of project and contract milestones as the Karara Project moves into the implementation phase...... - Web Site
MT Isa Acquisitions from Newcrest add to GBM`s Assets - Web Site
Share Auction - Web Site
GSC Broadcast - New Morenci - Web Site
Letter to Shareholders - Web Site
Second Rig Commences Drilling at Cookes Creek - Web Site
Change in substantial holding - Web Site
IronClad Appoints Project Manager - Web Site
75% of 400,000oz Salt Creek Deposit Re-Classified - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Mining Leases Granted - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
DRILLING TO START AT BLUEBUSH
Permitting Completed for Drilling on Major New Nickel Exploration Front
Australian nickel producer Mincor Resources NL (ASX: MCR) announced today that it had just received the last of the permits required to allow it to commence the long-awaited drilling program on portions of the exciting new Bluebush Line Tenements in the Kambalda Nickel District.
Mincor announced the acquisition of a 100% interest the Bluebush Line Tenements in November 2007. The tenements represent a major strategic land package, and the last remaining surface exposure of the all-important Basal Contact in the Kambalda District not yet in the hands of long term holders.
The Bluebush tenements contain numerous high-grade drill intersections along more than 40 kilometres of the strike of the Basal Contact. No exploration has been conducted anywhere on the Bluebush Line Tenements since 2001, leaving the area wide open to the advances in geological thinking, drilling techniques, and geophysical technology since that time.
In March 2008 Mincor announced that it had estimated a Mineral Resource containing 20,800 tonnes of nickel metal at the Stockwell Project, one of the known nickel prospects along the Bluebush Line. The metal is contained in 630,300 tonnes of mineralisation with an average grade of 3.3% nickel*.
The Stockwell Project is now one of Mincor's highest priority advanced-stage exploration plays, and will be the first focus of the drilling program at Bluebush. However, an aggressive exploration program is planned for the entire Bluebush Line, with an initial budget of over $2 million set aside for the first round of work.
Drilling clearing activities at Stockwell will commence immediately. - Web Site
Becoming a substantial holder - Web Site
Appendix 3Y - RR - Web Site
June 2008 Quarterly Activities and Cashflow Report
HIGHLIGHTS
Thunder Bay North Platinum-Palladium Project:
Quarterly Activities Report - Web Site
Jawsone -1 Drilling Update - Web Site
Drilling Underway on New Copper-Gold Targets at Punt Hill - Web Site
Further Thick Zones of Uranium Mineralisation at Mkuju River - Web Site
Quarterly Activities Report - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Appointment of Chief Financial Officer - Web Site
OZ Minerals June 2008 Quaterly Report Presentation - Web Site
OZ Minerals June 2008 Quarterly Report - Web Site
Spin Out of Kyrgyz Assets Complete - Web Site
Drilling Commences on Priority Targets at Tennant Creek NT - Web Site
Notice of change of interests of substantial holder for RPM - Web Site
Ceasing to be a substantial holder - Web Site
Cleansing Statement - Web Site
Appendix 3B - Warrants - Web Site
Appendix 3B - Ordinary Shares - Web Site
Board and Management Moving Forward - Web Site
Quarterly Activities Report
OVERVIEW
OPERATIONS
Annual Production
Quarterly Production
DEVELOPMENT
Syama
Mt Wright
EXPLORATION
Exploration drilling continued at regional prospects near Syama in Mali, Golden Pride in Tanzania and Ravenswood in Queensland.
CORPORATE
Change of Address - Web Site
Presentation for June 2008 Quarterly Report - Web Site
Weekly Drilling Update
POLARIS Coal Seam Gas Project
(ATP 768P SHG 100%)
Sunshine Gas Limited (ASX Code: SHG) advises that Polaris 2 corehole, the first well evaluating the highly prospective Polaris CSG project area, is currently coring ahead at 288m. The well to date has intersected several well developed coal seams within the upper Juandah section of the Walloon Coal Measures.
LACERTA Coal Seam Gas Project
(ATP 767P & ATP 795P SHG 100%)
Sunshine Gas advises the following update on Phase I development drilling currently underway at the Lacerta CSG Field...... - Web Site
Renounceable Rights Issue - Web Site
Becoming a substantial holder - Web Site
SAMSON OIL & GAS LIMITED PROVIDES OPERATIONAL ADVICE ON SABRETOOTH
SABRETOOTH PROSPECT (DAVIS BINTLIFF #1) (Working Interest 12.5%, Net Revenue Interest 9%)
As of today at 0600 hours, the Davis Bintliff #1 is at a current measured depth of 12,263 feet on the 34th day of drilling operations. The rig is undertaking a wiper trip in preparation to run open hole logs and subsequent to this operation, 9 5/8" casing. Currently, operations are on schedule and meeting the cost and timing requirements expected by the Company.
Additional drilling will occur via an 8 ½" hole in which a 7 5/8" drilling liner will be cemented at a measured depth of 14,305 feet (13,250 feet true vertical depth). This liner is estimated to be cemented on approximately day 49 of drilling operations - August 6th, 2008.
The final drill hole will be 6 ½" in size in which 5" production casing will be cemented at a measured depth of 15,655 feet (14,600 feet true vertical depth). This casing is estimated to be cemented on approximately day 64 of drilling operations - August 23rd, 2008. - Web Site
080721 Brew 1 Drilling Report
Brew 1 is currently directionally drilling in the Patchawarra Formation at 1828m- Web Site
Wonmunna Iron Project - Update - Web Site
Investor Presentation - Web Site
Rights issue and Appendix 3B - Web Site
Studies identify uraninite in Phillipus Zone - Web Site
Quarterly Activities and Cashflow Reports - Web Site
Allotment Completed - Web Site
Zedex Increases Holding in Olympus Pacific Minerals Inc - Web Site
Zedex Closes Share Placement, incl Appendix 3b - Web Site
Recent Press Report
RECENT PRESS REPORT ON ZIMBABWE PLATINUM MINES (PRIVATE) LIMITED
An article that appeared in the 17 - 23 July 2008 issue of the Zimbabwe Financial Gazette under the headline "Government audit unearths tax scam" reported on a number of allegations made in a recent Government sanctioned audit of the operating subsidiary, Zimbabwe Platinum Mines (Private) Limited.
Zimplats confirms that a Government appointed United States based international firm, Alex Stewart International LLC (ASI) undertook an audit of the company from October 2007 to May 2008.ASI submitted their audit report to the Reserve Bank of Zimbabwe (RBZ) in May 2008. The audit report was made available to Zimplats management on 1 July 2008 and a response to the report was submitted to the RBZ on 7 July 2008 in which Zimplats refuted the allegations that were made but agreed to co-operate with the RBZ and ASI to resolve this issue. Zimplats therefore considers this matter to be work in progress.
Zimplats operates within the laws of Zimbabwe and specifically in terms of the long standing agreement with the Government of Zimbabwe and remains confident that this matter will be amicably resolved. - Web Site
|
Monday 21 July 2008 (Close of Business - New York)
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| All Ords | 5075.4 | +160.1 | Dow Jones | 11,467.34 | -29.23 | |||
| ASX100 | 4063.4 | +144.7 | S&P 500 | 1260.00 | -0.68 | |||
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| ASX300 | 5005.5 | +168.4 | NYSE Volume ('000) | 4,662,648 | ||||
| Materials (Sector) | 13,856.4 | +481.8 | US 10-Year Bond | 4.067% | -0.014 | |||
| All Ords Gold (Sub Industry) | 5202.3 | -54.3 | Gold - spot/oz | US$965.80 | +11.20 | |||
| Metals & Mining (Industry) | 4828.6 | +156.8 | Silver - spot/oz | US$18.41 | +0.30 | |||
| Energy (Sector) | 17,264.2 | +193.9 | Platinum - spot | US$1832.00 | +2.00 | |||
| Shanghai Composite | 2861.4 | +83.1 | Palladium - spot | US$413.00 | -1.00 | |||
| Hang Seng | 22,532.9 | +658.7 | Uranium - spot US$/lb | US64.00 | unch | |||
| India BSE 30 | 13,850.0 | +214.6 | Reuters-CRB Index (CCI) | 571.90 | na | |||
| Jakarta Composite | 2195.1 | +53.9 | Light Crude (NYM - $US per bbl.) | US$131.04 | +2.16 | |||
| Nikkei | 12,803.7 | closed | Natural Gas (NYM - $US/mmbtu) | US$10.59 | -0.05 | |||
| Taiwan Weighted | 7085.7 | +270.4 | Copper (LME - spot $US/tonne) | 8365 | +14 | |||
| FTSE 100 | 5404.3 | +27.9 | Lead (LME - spot $US/tonne) | 2045 | +60 | |||
| German DAX | 6424.8 | +42.2 | Zinc (LME - spot $US/tonne) | 1824 | +17 | |||
| A$ = US97.74 | -0.02 | Nickel (LME - spot $US/tonne) | 20,375 | +285 | ||||
| A$ = 104.06yen | -0.50 | Aluminium (LME - spot $US/tonne) | 2980 | -27 | ||||
| A$ = 0.614Euro | -0.003 | Tin (LME - spot $US/tonne) | 23,600 | +40 | ||||
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| Click on Links to Access Charts | ||||||||
Wall Street turned in a mixed performance Monday as investors watched the price of oil regain ground and decided to cash in some of their gains from the stock market's big rally last week.
The lacklustre session unfolded as oil rose on concerns that the threat of new sanctions against Iran over its nuclear program could escalate tensions in the Middle East and as a tropical storm entered the Gulf of Mexico.
However the number of stocks advancing outpaced decliners by about 2 to 1 on the New York Mercantile Exchange, and by about 4 to 3 on the Nasdaq Stock Market.
Apple Inc projected fourth-quarter earnings below Wall Street targets despite a better-than-expected third-quarter profit on brisk sales - shares of the company fell nearly 4 percent.
Copper gained on signs that global demand is outpacing production of the metal, used in pipes and wires. Demand exceeded output by 108,000 metric tons in the first four months of the year, the International Copper Study Group said today.
Gold rebounded in New York as a jump in energy prices boosted demand for the precious metal as a hedge against inflation. Silver also rose.
Agreement to Acquire New Tenements - Web Site
Extension of Contract - Damang Open Pit Mine - Web Site
Results of Non-renounceable Entitlement Issue - Web Site
Letter to Optionholders - Web Site
Appendix 3B Amendment - Web Site
Clarification Announcement - Web Site
Response to ASX Query re Appendix 3Z - Web Site
Nakru Project Update and Tenement Status
NAKRU PROJECT UPDATE AND TENEMENT STATUS SUMMARY
Boardroom Radio Broadcast - Web Site
Notice of General Meeting/Proxy Form - Web Site
Inglewood Project management changes - Web Site
Appendix 3B - Web Site
InterMet Takeover Offer Unconditional - Web Site
Quarterly Cashflow Report - Web Site
Letter to Shareholders - Electronic copies of Annual Report - Web Site
Quarterly Activities Report
HIGHLIGHTS
Becoming a substantial holder - Web Site
Change of Director`s Interest Notice - Web Site
Production of first nickel concentrates from Avebury - Web Site
Appendix 3B Exercise of Unlisted Options - Web Site
Change in substantial holding from PPT - Web Site
Appendix 3B - Web Site
Becoming a substantial holder from MQG - Web Site
Change of Director`s Interest Notice - Web Site
VPE: Hudson-1 Oil Well Completes Drilling Barta Block - Web Site
New High Grade Lode Intersected at Coyote
The Directors are pleased to announce that the current diamond drill program has successfully intersected a new high grade vein at the Coyote Gold Project.
As previously announced, the Company commenced a major diamond core drilling program in late April 2008. The program aims to discover significant new gold mineralisation which may, with additional delineation drilling and feasibility studies, lead to a future increase in the overall Coyote Mineral Resource and Reserve. The drilling program is targeting down- plunge and depth extensions of the high grade gold lodes within the Coyote mineralised system.
Diamond core drillhole CYDD170, which is still in progress, has intersected a significant new gold mineralised quartz vein located approximately 100m beneath the Gonzales Lode. CYDD170 was designed to target several prospective stratigraphic horizons in the hanging- wall position of the Gonzales Fault, which is analogous to the location of the Gonzales- Buggsy high grade lodes.
The high grade vein, which has a true width of 10cm (typical of the high grade mineralised quartz veins at Coyote) contains abundant fine grained visible gold as shown in the photographs below. Assays are pending.
Upon completion of the current hole, a decision will be made on a follow up drill program. - Web Site
Change in Directors` Interests - Appendices 3Y - Web Site
AUT: Sugarloaf Operations Update - Web Site
EKA: Sugarloaf Operations Update - Web Site
Sugarloaf Operations Update - Web Site
DRILLING SUCCESS IN KANSAS - Web Site
Completion of escrow period - Web Site
AWE: AWE ARC Merger Update - Web Site
Release from Escrow - Web Site
Appendix 3B Release of Restricted Securities - Web Site
Letter to Securityholders - Web Site
Quarterly Activities and Cashflow Report - Web Site
Perisher JV over EPMs 12499 and 12656 - Web Site
Initial Director`s Interest Notice - Web Site
180708 Blamore 1 Report - Web Site
Notice of Change of Interests of Substantial Holder for MXX - Web Site
Drilling Operations and Future Exploration Program - Web Site
EPG Completes Appraisal Well at Folschviller 2 - Web Site
ETE ASX Appendix 3X - Init Dir Int Craig - Web Site
ETE ASX Appendix 3X - Init Dir Int McGown - Web Site
Ceasing to be a substantial holder - Web Site
Participation in Bonus Issue - Web Site
Appendix 3y (x 6) - Web Site
Go ahead for new Aggregates Operation
Heemskirk Consolidated is pleased to announce the decision to build a new aggregates business at the Los Santos tungsten operation in Spain. The planned initial production will be 300,000 tonnes per annum. Development time is around four months. Production is planned to commence before Christmas.
Ore will be sourced from the waste material mined from the tungsten operation. There are a number of ‘aggregate' ore types that can be supplied to meet market needs. Of particular note is the high quality of the products achieved in testing.
This operation will be a significant brownfields development to the tungsten mine adding euro-denominated revenues and providing a natural offset to the tungsten mine operating costs. The operation will be very efficient, has a low level of capital expenditure (less than €2 million) and a rapid payback.
Based on the current Los Santos tungsten mine operations plans, the available aggregates are likely to be in excess of 20 years providing Heemskirk with another long life operation. - Web Site
Indophil Target Statement - Web Site
Appendix 3B - final shortfall allotment for 1 for 2 opt iss. - Web Site
SPP Closes and Directors Increase Maximum Amount Raised - Web Site
Rare Earths Export Quota Reduction - Web Site
Notice of General Meeting - Web Site
MLM - NORNICO Exploration Drilling Update - Web Site
Contact Energy investigating Waitahora wind farm project - Web Site
Quarterly Report June quarter - Web Site
More Zinc for Rox - Web Site
Quarterly Activities and Cashflow Reports - Web Site
Quarterly Activities Report - Web Site
Brew 1 Drilling Report
Brew 1 is currently directionally drilling in the Hutton Sandstone at 1702m. The directional equipment was picked up at 1648m and hole is being deviated in accordance with the program. - Web Site
LUMBA LUMBA-1 EXPLORATION WELL SPUDS
Tap Oil Limited ("Tap") provides the following information on the Lumba Lumba-1 exploration well.
Location
The Lumba Lumba-1 exploration well is located in permit SC 41 at an approximate latitude of 6o 11' 12.77"N and longitude 119o 15' 33.58"E. The permit is located in the Sulu Sea, Philippines, approximately 135 km off the northeastern coast of Borneo.
Progress
Tap, as operator for the SC 41 Joint Venture, is pleased to announce that it has spudded Lumba Lumba-1 at 02:30 hrs on Saturday 19th July 2008, with the semi-submersible Transocean Legend. As of 06:00 hrs, the well had reached a depth of 1374 m.
Lumba Lumba-1 is planned to drill to a total depth of around 3000 m sub-sea in a water depth of 1100 m and is planned to take approximately 20 days from spud to the total well depth.
Tap Comment
Lumba Lumba is a moderate risk prospect located in the central part of SC 41. It is covered by the Alpine 3D Seismic Survey, which was acquired in 3Q 2007. The well will test a large inversion structure with multiple objectives in interpreted channel and fan complexes. Estimated recoverable volumes are in the 50-150 million barrels range.
Tap believes that SC 41 has the potential to be a "game changer" for the company as it contains numerous prospective features of substantial size. Various independent play concepts exist in SC 41 that are being matured for drilling regardless of the Lumba Lumba-1 results. Encouragement is provided by offset wells which demonstrate a working petroleum system. Nevertheless, although minor oil has been recovered from some wells, reservoir development and the identification of sand-prone fairways remains technically challenging and is recognised as the main exploration risks in the area. - Web Site
Quarterly Activities and Cashflow Reports
HIGHLIGHTS:
IRON ORE - Pilbara Iron Project (UMC 100%)
BAUXITE - Kimberley Bauxite Project (UMC 25% Joint Venture Agreement with Norsk Hydro)
Initial Director`s Interest Notice - Web Site
Amended Appointment of Non Executive Director - Web Site
Final Director`s Interest Notice - Web Site
Alcoa Announces Dividend - Web Site
Exploration Drilling at Serule - Web Site
Advice of scrip dividend cancellation - Web Site
Quarterly Activities Report June 2008 - Web Site
AWAC Brazil Projects - Web Site
Appendix 3B - Exercise of Options - Web Site
Change of Director`s Interest Notice * 2 - Web Site
Appendix 3B Exercise of Options and Listing of Options - Web Site
Final Director`s Interest Notice x 2 - Web Site
July 2008 Investor Update - Web Site
Operations Update - Florence
FIRST WELL ON FLORENCE PROJECT, GOLDEN #33-20, PREPARING TO DRILL OUT SURFACE CASING AT 696 FEET - Web Site
Indian Committee Approves Hythane® as a Blend of Natural Gas for use in Motor Vehicles
The Standing Committee on Emission Regulation, under the Ministry of Shipping, Road Transport & Highways, last week approved the addition of up to 20% hydrogen to Compressed Natural Gas (CNG) for use in motor vehicles.
This opens the way for all the necessary approvals and licences for the use of Hythane® as a vehicle fuel to be issued, and for the licensing of Hythane® outlets to be approved.
When this new regulation is gazetted, India will become the first country in the world to approve the use of Hythane®, as Natural Gas, thereby taking a major step forward in promoting the use of clean and renewable energy in automobiles. - Web Site
93% increase in projected Uranium Production at Bigrlyi - Web Site
Provides Lumwana Completion Update - Web Site
Response to ASX Query re Appendix 3Y - Web Site
ETE Appointment of Directors - Web Site
Project Completion Achieved - Web Site
SHARE PURCHASE PLAN - OFFER TO SHAREHOLDERS
The Board of Gold Aura Limited ("GOA" or "the Company") is pleased to announce it has established a new Gold Aura Limited Share Purchase Plan ("the Plan"), and the Company will make an offer under the Plan to the Company's Australian and New Zealand resident shareholders early next month. The Company will seek to raise up to A$1.26 million from the offer.
Eligible shareholders registered as at 5.00 pm Brisbane, Australia time on Monday 28 July 2008 will be entitled to subscribe for up to $5,000 worth of shares in the Company at a price of 3.0 cents per share. The price represents a 5% discount to the average market price of the Company's shares over the last five days on which sales in the Company's shares were recorded.
Following completion of the offer under the Plan and subject to shareholder approval, each eligible shareholder who subscribes for shares under the offer and pays the application price will received free of cost 1 bonus Gold Aura share for every 5 subscribed for under the offer. - Web Site
Change in substantial holding - Web Site
Notice of General Meeting - Web Site
Supplementary Bidder`s Statement - Web Site
Incident at Drill Rig - Web Site
Midas Signs Agreement With Major Chinese Copper Co - Web Site
Media Speculation On Potential Board Challenge - Web Site
Appendix 3Y - BJF - Web Site
Results of Meeting - Web Site
BOW: Operations Update - Web Site
Plumridge Positive Infill Drilling Results - Web Site
Exploration Programme Progress Update - Web Site
Oxiana Limited General Meeting 2008 - Web Site
High Grade Germanium Identified at the Sentinel Project - Web Site
Gas Discovered in Turner Bayou Well
The fourth exploration well (Indigo Minerals 29 No. 1) in the Turner Bayou 3D seismic project reached a total depth of 4,600 feet over the weekend and was logged, resulting in the discovery of natural gas in the Frio sand interval. Production casing is currently being run.
"We are thrilled with this result," said Justin Pettett, Pryme's Managing Director. "Three out of the four wells drilled to date in this project have resulted in discoveries and this well has the best reservoir characteristics yet identified. The results confirm the predictions made by our team through interpretation of the location's seismic attributes."
Drilling will continue in the Turner Bayou project over the coming months and we are now planning for a gas gathering system to be built from the southern end of the survey. Building the gas gathering system is a priority for Pryme as it is integral to selling gas from the recently drilled wells in the northern portion of the project area. - Web Site
Kangaroo Creek Joint Venture commenced - Web Site
Rule 2.10 of the City Code disclosure 18Jul08 - Web Site
Appointment of CFO and Company Secretary - Web Site
Ceasing to be a substantial holder - Web Site
June 2008 Quarterly Report - Summary
Reserves and Resources
Operations - Southern Cross
Development ‐ Leonora
Exploration
Corporate
Outlook
1.2 Billion Tonne Itabirite Inferred Resource Announced - Web Site
Initial Director`s Interest Notice - L Li - Web Site
Mill Refurbishment Completed - Web Site
Investor Presentation - July 2008 - Web Site
Quarterly Cashflow Report - Web Site
Completion of Sale of Comaplex Shares - Web Site
Appointment of Non Executive Director - Bruce McFadzean - Web Site
Admiralty Update - Web Site
Change of Director`s Interest Notice - Web Site
MLI: Update On East Rand Joint Venture - Web Site
OXR: Compulsory Acquisition of Allegiance Completed - Web Site
AMITAN RESOURCES LIMITED ACQUISITION - Web Site
Correction to Appendix 3X Notice - Web Site
Appendix 3B - Web Site
Exploration Drilling Update - Web Site
Merger Update Presentation - Web Site
Change of Director`s Interest Notice - Web Site
Initial Director`s Interest Notice - Web Site
Appointment of Todd Bennett as a Non-Executive Director - Web Site
Presentation to General Meeting - Web Site
BMA Enter Into Agreement To Acquire New Saraji Coal Project - Web Site
Employee Option Scheme / Director Incentive Options - Web Site
Appendix 3B - Exercise of Options - Web Site
Change in substantial holding - Web Site
Appendix 3B issue of securities - Web Site
Operations Update - Web Site
Appendix 3B - Web Site
Appendix 3Y - Web Site
Rocklands Update - Web Site
Becoming a substantial holder - Web Site
Becoming a substantial holder - Web Site
Quarterly Activities and Cashflow Report - Web Site
Tellurium potential investigations at Chakola, NSW - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Weekly Drilling Report Cobra -1A ST1 18th July 2008 - Web Site
Notice of Change of Interests of Substantial Holder for MXX - Web Site
Initial JORC Resource for Liberdade Project - Web Site
NEW EXPLORATION LICENCE ON OBAN TREND
Curnamona Energy Limited (Curnamona Energy - ASX : CUY, 45.4% owned by Havilah Resources NL -ASX: HAV) is pleased to announce that it has accepted the offer by PIRSA of a new exploration licence (EL), known as Yalkalpo, lying to the north of Oban. The Yalkalpo EL is strategically important because it lies along the northern extension of the Oban uranium trend - a several kilometre wide corridor of palaeochannel sand hosted uranium mineralization that flanks a basement ridge.
Research of past exploration results dating back to the early 1970's indicates an area of significant uranium accumulation covering an area of at least 70 square kilometres (see map). Numerous previous drill holes recorded anomalous uranium intersections, up to 18 times background, as shown on the attached historic log from the Bingelly prospect. .... - Web Site
New Oil Discovery at NSE-A1 Flows at 1,245 bopd - Web Site
Appendix 3X - Initial Director`s Interest Notice - Web Site
Appendix 3Z - Final director`s Interest Notice - Web Site
Appendix 3B - Web Site
Zeta infill drilling results - Web Site
Appendix 3B - Escrow Release - Web Site
Drilling and Prefeasibility to commence at Daguma Coal Proje - Web Site
Star Finch-1, EP 460, Carnarvon Basin, Western Australia - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Corporate Direction and Portfolio Update - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3Y - Web Site
Appendix 3Y - Web Site
Appendix 3Y - Web Site
Appendix3Y - Web Site
Quarterly Report June 2008 - Web Site
Release of Securities From Voluntary Escrow - Web Site
Broker Presentation July 2008 - Web Site
PMM: Portman Media Release - GWR - Web Site
Second Round Drilling Programme Commences at Prospect Hill - Web Site
Appendix 3Y - Web Site
Appendix 3Y - Web Site
Calipso`s Copy of Automatic Extension of Offer - Web Site
Becoming a substantial holder - Web Site
New Standard Energy Capital Raising Closes Oversubscribed - Web Site
Results of Meeting - Web Site
Change of Director`s Interest Notice - Web Site
HZN report on PNG activities - Web Site
Appendix 3B - Web Site
Table correction on Pg 2: Significant Results at Tujuh Bukit - Web Site
Integra Unveils New Website - Web Site
Project Manager for Mt Carbine - Web Site
Ceasing to be a substantial holder - Web Site
Flax Project Update - Web Site
Change in substantial holding - Web Site
Drilling Commences at Munderra Iron Project Nth Qld - Web Site
Trading Halt - Web Site
Tanzanian Gas Discovery Declared Commercially Viable - Web Site
Savoyardy Exploration Update - Web Site
Intercepts of phosphate in 2 drill holes at NT project - Web Site
85.2 m at 1.60 gpt Gold Intersected at Red Dome - Web Site
First Production on Schedule at McMahon - Web Site
Takeover bid by Sinosteel, Extension of Offer Period - Web Site
Appendix 3B - Web Site
Mulgul Geophysical Data Reveals Promising Targets - Web Site
Quarterly Report to 30 June 2008 - Web Site
Share Placement in Australian China Clays Limited - Web Site
Appointment of Non-Executive Deputy Chairman - Web Site
Appendix 3B - Web Site
Change in substantial holding from CBA - Web Site
Change of Director`s Interest Notice - Web Site
Results of Meeting - Web Site
Quarterly Cashflow Report - Web Site
NZOG Annual General Meeting - Web Site
HARTLEYS INVESTMENT REPORT 18 JULY 2008 - Web Site
Independent Director and Joint Co. Secretary Appointments - Web Site
Results of General Meeting - Web Site
Change of Registered Address and Principle Place of Business
Change in substantial holding for RPM - Web Site
Change of Director`s Interest Notice - Web Site
Trading Halt - Web Site
Change of Director`s Interest Notice - Web Site
Quarterly Report for the Period Ending 30 June 2008 - Web Site
Update on Strikes Interest in Peruvian Iron Ore Assets - Web Site
Gladstone LNG transaction receives regulatory approvals - Web Site
Brew 1 Drilling Report - Web Site
Results of Meeting - Web Site
Andromeda Prospect Update - Web Site
Change of Director`s Interest Notice - Web Site
Ceasing to be a substantial holder - Web Site
Section 708A Notice (Share Options) - Web Site
Appendix 3B (Options) - Web Site
Section 708A Notice (Share Placement) - Web Site
Rights Issue Offer Document - Web Site
Greg Hall Boardroom Radio presentation Mining Aust-Asia 2008 - Web Site
Change of Director`s Interest Notice - Web Site
Terramin achieves producer status - Web Site
Quarterly Report on Activities to 30th June 2008 - Web Site
Watershed Project - New Resource Estimate and Feasibility - Web Site
Appendix 3B - Web Site
Forrestania Exploration Update - Web Site
Change of Director`s Interest Notice - Web Site
Issue of shares and Notice under Section 708A - Web Site
Change in substantial holding - Web Site
Appendix 3B - Web Site
Quarterly Activities Report - Web Site
|
Friday 18 July 2008 (Close of Business - New York)
|
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| All Ords | 4915.3 | -62.1 | Dow Jones | 11,496.57 | +49.91 | |||
| ASX100 | 3918.7 | -48.7 | S&P 500 | 1260.68 | +0.36 | |||
| ASX200 | 4840.4 | -60.6 | Nasdaq | 2282.78 | -29.52 | |||
| ASX300 | 4837.1 | -61.4 | NYSE Volume ('000) | 5,593,508 | ||||
| Materials (Sector) | 13,374.6 | -351.6 | US 10-Year Bond | 4.081% | +0.043 | |||
| All Ords Gold (Sub Industry) | 5256.6 | -86.8 | Gold - spot/oz | US$954.60 | -2.40 | |||
| Metals & Mining (Industry) | 4671.8 | -139.0 | Silver - spot/oz | US$18.11 | -0.43 | |||
| Energy (Sector) | 17,070.3 | -744.5 | Platinum - spot | US$1830.00 | -36.00 | |||
| Shanghai Composite | 2778.4 | +93.6 | Palladium - spot | US$414.00 | -7.00 | |||
| Hang Seng | 21,874.2 | +139.5 | Uranium - spot US$/lb | US64.00 | unch | |||
| India BSE 30 | 13,635.4 | +523.6 | Reuters-CRB Index (CCI) | 571.90 | na | |||
| Jakarta Composite | 2141.1 | -26.6 | Light Crude (NYM - $US per bbl.) | US$128.88 | -0.41 | |||
| Nikkei | 12,803.7 | -84.3 | Natural Gas (NYM - $US/mmbtu) | US$10.64 | +0.03 | |||
| Taiwan Weighted | 6815.3 | -159.2 | Copper (LME - spot $US/tonne) | 8351 | -69 | |||
| FTSE 100 | 5376.4 | +90.1 | Lead (LME - spot $US/tonne) | 1985 | +17 | |||
| German DAX | 6382.7 | +111.4 | Zinc (LME - spot $US/tonne) | 1807 | -21 | |||
| A$ = US97.76 | +0.53 | Nickel (LME - spot $US/tonne) | 20,090 | -555 | ||||
| A$ = 104.56yen | +1.26 | Aluminium (LME - spot $US/tonne) | 3007 | -99 | ||||
| A$ = 0.617Euro | -0.001 | Tin (LME - spot $US/tonne) | 23,560 | -120 | ||||
| A$ = 0.489GBP | unch | Sydney Futures Exchange - SPI | 4910 | +59 | ||||
| Click on Links to Access Charts | ||||||||
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