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Friday 19 December 2008 (Close of Business - New York)
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| All Ords | 3547.2 | +25.5 | Dow Jones | 8579.11 | -25.88 | |||||||
| ASX100 | 2988.8 | +34.4 | S&P 500 | 887.88 | +2.60 | |||||||
| ASX200 | 3615.7 | +34.5 | Nasdaq | 1564.32 | +11.95 | |||||||
| ASX300 | 3597.2 | +34.1 | NYSE Volume ('000) | 6,778,485 | ||||||||
| Materials (Sector) | 8525.1 | -164.7 | US 10-Year Bond | 2.131% | +0.057 | |||||||
| All Ords Gold (Sub Industry) | 4691.6 | +250.3 | CBOE Volatility Index (VIX) | 44.93 | -2.41 | |||||||
| Metals & Mining (Industry) | 2991.6 | -48.0 | Gold - spot/oz | US$837.90 | -15.20 | |||||||
| Energy (Sector) | 11,794.7 | -374.6 | Silver - spot/oz | US$10.82 | -0.14 | |||||||
| New Zealand (NZSE 50) | 2655.3 | -52.3 | Platinum - spot | US$851.00 | -2.00 | |||||||
| Shanghai Composite | 2018.5 | +2.8 | Palladium - spot | US$175.00 | -1.00 | |||||||
| Hang Seng | 15,127.5 | -370.3 | Uranium - spot US$/lb | US53.00 | unch | |||||||
| India BSE 30 | 10,083.3 | +6.9 | Reuters-CRB Index (CCI) | 351.81 | na | |||||||
| Jakarta Composite | 1348.3 | -3.5 | Light Crude (NYM - $US per bbl.) | US$33.87 | -2.35 | |||||||
| Nikkei | 8588.5 | -78.7 | Natural Gas (NYM - $US/mmbtu) | US$5.44 | -0.20 | |||||||
| Taiwan Weighted | 4694.5 | -0.3 | Copper (LME - spot $US/tonne) | 2907 | +42 | |||||||
| FTSE 100 | 4286.9 | -43.7 | Lead (LME - spot $US/tonne) | 892 | -49 | |||||||
| German DAX | 4696.7 | -59.7 | Zinc (LME - spot $US/tonne) | 1115 | +58 | |||||||
| A$ = US68.24 | -0.30 | Nickel (LME - spot $US/tonne) | 9535 | -45 | ||||||||
| A$ = 60.82yen | -0.51 | Aluminium (LME - spot $US/tonne) | 1480 | +53 | ||||||||
| A$ = 0.490Euro | +0.009 | Tin (LME - spot $US/tonne) | 10,965 | -70 | ||||||||
| A$ = 0.457GBP | +0.001 | Sydney Futures Exchange - SPI | 3610 | +11 | ||||||||
| Click on Links to Access Charts | ||||||||||||
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Phone: 07-55316191 or Email : sales@reflections.com.au
Stock prices pared earlier gains to end a choppy day relatively flat on Friday, as Wall Street remained uncertain that a $17.4 billion lifeline for U.S. automakers will make a lasting difference for the beleaguered industry.
Some analysts attributed much of the market's choppiness on Friday to the expiration of options contracts, as well as the routine rebalancing of stock indexes.
Advancing issues outnumbered decliners by about 2 to 1 on the New York Stock Exchange, where volume came to 2.14 billion shares.
For the week, the Dow ended down 0.59 percent, while the S&P 500 finished up 0.93 percent and the Nasdaq up 1.53 percent. All of the indexes are still down more than 35 percent for the year.
Oil fell over 6 percent on Friday, as fears of economic slowdown weighed heavier than proposed production cuts by the world's major oil exporters.
U.S. light crude for January delivery, which expired Friday, settled down $2.35 at $33.87 a barrel, the lowest since February 10, 2004, when it ended at the same level.
Gold fell the most in almost three weeks as the US dollar rebounded, reducing the appeal of precious metals as an alternative investment. Silver also dropped.
Platinum fell the most in a week in New York after the US dollar soared and concern mounted that auto- industry demand won’t revive any time soon. Palladium also fell.
OKU: Australian Project Update - Web Site
Puffin-12 Progress Report No 6 - Web Site
Shareholder Update - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
New High Grade Uranium Mineralisation at Taylor Ranch - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Letter to Shareholders: New sulphidic system discovered - Web Site
Condor - CIML Merger - Web Site
Results of Meeting - Web Site
Becoming a substantial holder - Web Site
Notice of Extraordinary General Meeting - Web Site
Heads of Agreement for Joint Venture - Web Site
Audio Broadcast - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notices - Web Site
Appendix 3B and Section 708A(6) Statement - 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
Appendix 3B - Web Site
Targets Statement - Web Site
Notice of General Meeting 21 January 2009 - Web Site
Change in substantial holding - Web Site
Change in substantial holding - Web Site
Molopo Completes Sale of Gloucester - Web Site
AJL: Sale of PEL 285 - Completion Announcement - Web Site
Appendix 3B - Exercise of Listed Options - Web Site
Warburton JV Drilling update - Web Site
Appendix 3B - Web Site
Directors` resignation dates - Web Site
OZ Minerals to suspend Avebury operations
In light of current market conditions and its stated intention to review the profitability of all its operations, OZ Minerals today announced that it will put the Avebury nickel mine on care and maintenance until further notice.
With current nickel prices at around US$4.40 per pound CEO Andrew Michelmore said the Avebury operation was just not profitable.
“In nine months we’ve seen the nickel price drop by 68 per cent - an unprecedented fall in such a valuable commodity. This has severely tested the economics of many nickel projects worldwide, and Avebury is no exception. At these prices, it is simply more economical to keep this metal in the ground and resume production when prices improve.
“Obviously, this is a disappointing decision to make as the mine had just recently commenced production and is particularly hard for the team on site who have achieved such great results in getting this mine commissioned and ramped up. But the reality is we had to make hard decisions about the viability of the site given the current financial challenges facing our business,” he said.
This decision will unfortunately result in the loss of 189 jobs from the operation. OZ Minerals currently has 64 employees at Avebury and also utilises the services of 125 mostly Barminco contractors. OZ Minerals will work with its employees where possible to identify alternate roles within the OZ Minerals group and will provide outplacement assistance and counselling services to any employees for whom there are no suitable alternative roles...... - Web Site
ALE: Acquisition of Interest in Redbank Mines Limited - Web Site
Appendix 3B - Web Site
Basker Manta Gummy (BMG) Oil and Gas Project
ROC, on behalf of its subsidiary Anzon Australia Limited ("AZA"), advises that the participants in the BMG Project have given notice to BW Offshore ("BW") of termination of the Letter of Intent ("LOI") signed in July 2008 or the supply of a floating production storage and offloading vessel ("FPSO") for the proposed BMG Phase-2 Project, due to failure of the parties to reach agreement in relation to the FPSO contract. BW has indicated that it will seek to recover costs relating to terminating third party vendor contracts from the participants in the BMG Project. Whilst the precise amount of these costs have not been disclosed to the participants, the participants in the BMG Project dispute that these costs are payable under the LOI. In any event under the LOI these costs are capped at US$78.5 million. The participants in the BMG Project dispute that these costs are payable under the LOI.
As a result, AZA and the other participants in the BMG Project are reviewing alternative proposals for optimal development of the BMG Oil and Gas Field including through alternative FPSOs.... - Web Site
Company Secretary Appointment/Resignation - Web Site
Exploration Update Mabel Hill Nickel Project - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Change of Director`s Interest Notice - Web Site
Initial Director`s Interest Notice - Web Site
Interview with MD - Upgraded Resource at Conrad - Web Site
EMPLOYEE SHARE OPTION PLAN - Web Site
Tax Ruling for Iron Road Limited Transaction Published - Web Site
Atlas enters long term Offtake agreement for 30% of Pardoo - Web Site
Change of Director`s Interest Notice - Web Site
Competent Person Statement AGM Presentation 25 Nov 08 - Web Site
Change of Director`s Interest Notice - Web Site
High Grade Cerro Negro Drill Results - Web Site
Chairman`s Address to Annual General Meeting - Web Site
Notice of General Meeting/Proxy Form - Web Site
Appendix 3B - Web Site
Initial Director`s Interest Notice - Web Site
COE: PEL110 Second Term Granted - Web Site
Shareholder Update on Hellyer Mill and Mining Lease Purchase - Web Site
Change of Director`s Interest Notice - Web Site
Coeur Further Enhances Its Liquidity Position - Web Site
Appendix 3Y - Peter Simpson - Web Site
Initial Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Director Appointment/Resignation - Web Site
Sale of HyRadix, Cryogenic Division and General Update - Web Site
Appendix 3B - Web Site
Continuous disclosure - profit guidance - Web Site
Open Briefing. Eastern Star Gas. Reserve Upgrade Programme - Web Site
Notice of General Meeting/Proxy Form - Web Site
Shipping Contract Update - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
Gas flows from Ismay production Interval - Web Site
Change of Director`s Interest Notice x 5 - Web Site
Appointment of Independent Marketing Consultant - Web Site
Investor Update - Production increase on track - Web Site
Reset of Conversion Price of Convertible Bonds - Web Site
Appendix 3E - Web Site
Change in substantial holding - Web Site
Operations Update - Web Site
Trading Halt - Web Site
SIM: Scimitar and Jackson Agree to Merger - Web Site
Suspension from Official Quotation - Web Site
Reinstatement to Official Quotation - Web Site
San Anton Regional Exploration - Web Site
Change of Director`s Interest Notice - Web Site
Wonarah Project Resource Increase, Mine Plan and Cost Update - Web Site
Appendix 3X - Initial Director`s Interest Notice (Revised) - Web Site
Results of Creditors Meeting - Web Site
Becoming a substantial holder - Web Site
Form 4 as filed with the SEC re Gutierrez - Web Site
Disclosure of Movement in Substantial Holding - Web Site
Disclosure of movement in substantial holding for PPP - Web Site
Disclosure of movement in substantial holding - Web Site
Disclosure of movement in substantial holding for PPP - Web Site
Disclosure of movement in substantial holding for PPP - Web Site
Appendix 3E - Web Site
Appendix 3E Daily Share Buyback Report - Web Site
Results of Meeting
Director Appointment/Resignation - Web Site
Release of Escrowed Securities - Web Site
Renounceable Rights Issue - Web Site
Results of Annual General Meeting - Web Site
Framework Agreement Signed with Cameroon Government - Web Site
Appendix 3B - exercise of options - Web Site
SNU Drilling Update - Web Site
Progress Report, additional supplies for production secured - Web Site
Release to SGX SARL comment on new Indonesian mining law - Web Site
Boardroom Radio Broadcast - Web Site
Change in substantial holding - Web Site
Unlisted Employee Options - Web Site
Explorer of the Year Award - Web Site
Chairman`s Address Extraordinary General Meeting - 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
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Thursday 18 December 2008 (Close of Business - New York)
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| All Ords | 3521.7 | +6.7 | Dow Jones | 8604.99 | -219.35 | |||
| ASX100 | 2954.4 | +8.2 | S&P 500 | 885.28 | -19.14 | |||
| ASX200 | 3581.2 | +10.6 | Nasdaq | 1552.37 | -26.94 | |||
| ASX300 | 3563.1 | +10.8 | NYSE Volume ('000) | 6,322,800 | ||||
| Materials (Sector) | 8689.8 | +21.1 | US 10-Year Bond | 2.074% | -0.116 | |||
| All Ords Gold (Sub Industry) | 4441.3 | +86.2 | CBOE Volatility Index (VIX) | 47.34 | -2.50 | |||
| Metals & Mining (Industry) | 3039.6 | +8.3 | Gold - spot/oz | US$853.10 | -14.30 | |||
| Energy (Sector) | 12,169.3 | -348.3 | Silver - spot/oz | US$10.96 | -0.40 | |||
| New Zealand (NZSE 50) | 2707.6 | +11.7 | Platinum - spot | US$853.00 | -10.00 | |||
| Shanghai Composite | 2015.7 | +38.9 | Palladium - spot | US$176.00 | unch | |||
| Hang Seng | 15,497.8 | +37.3 | Uranium - spot US$/lb | US53.00 | -1.00 | |||
| India BSE 30 | 10,076.4 | +361.1 | Reuters-CRB Index (CCI) | 351.81 | +0.43 | |||
| Jakarta Composite | 1351.8 | -12.2 | Light Crude (NYM - $US per bbl.) | US$40.06 | -3.54 | |||
| Nikkei | 8667.2 | +54.7 | Natural Gas (NYM - $US/mmbtu) | US$5.71 | -0.09 | |||
| Taiwan Weighted | 4694.8 | +46.8 | Copper (LME - spot $US/tonne) | 2865 | -132 | |||
| FTSE 100 | 4330.7 | +6.5 | Lead (LME - spot $US/tonne) | 941 | -56 | |||
| German DAX | 4756.4 | +48.0 | Zinc (LME - spot $US/tonne) | 1057 | -24 | |||
| A$ = US68.54 | -1.83 | Nickel (LME - spot $US/tonne) | 9580 | -350 | ||||
| A$ = 61.33yen | -0.17 | Aluminium (LME - spot $US/tonne) | 1447 | -4 | ||||
| A$ = 0.481Euro | -0.007 | Tin (LME - spot $US/tonne) | 11,035 | -165 | ||||
| A$ = 0.456GBP | +0.003 | Sydney Futures Exchange - SPI | 3535 | -37 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street extended its losses Thursday, as a negative ratings outlook on financial and industrial powerhouse General Electric Co. shook an already fragile investor psyche and sent stocks tumbling.
At the same time, energy stocks tumbled as oil prices plunged. Crude briefly dropped below $36 a barrel Thursday on worries of a drastic pullback in energy spending, even after a record production cut from OPEC announced earlier this week.
Declining issues outnumbered advancers by about 3 to 2 on the New York Stock Exchange, where volume came to 1.25 billion shares.
Copper tumbled to the lowest price in more than four years as metal inventories climbed, signaling waning demand during the global recession.
Gold fell in New York for the first time this week as the US dollar rebounded, eroding the appeal of the metal as an alternative investment. Silver also declined.
Appendix 3B and Section 708 Notice - Web Site
Settlement Tranche 2 Equity Raising - Web Site
Appointment of Alternate Director - Web Site
Rights Issue Closes - Web Site
Ceasing to be a substantial holder - Web Site
Company Secretary Appointment/Resignation - Web Site
MMR: PEP 11 - Offshore Sydney Basin - Web Site
Amended New Iron Discovery in the Pilbara - Web Site
Operational Update - Web Site
s.249D Request and s.249F Notice - Web Site
Response to ASX Query - Web Site
Becoming a substantial holder - Web Site
Ceasing to be a substantial holder - Web Site
Appendix 3B - Web Site
Letter to Option Holders re Entitlement Issue - Web Site
Project Update - Cost to Complete - Web Site
Change in substantial holding - Web Site
Change of Director`s Interest Notice - Web Site
Director Appointment/Resignation - Web Site
Expiry of Unlisted Options - Web Site
Re-financing update - Web Site
Appendix 3B-Exercise of Options - Web Site
Change in substantial holding - Web Site
VMG: Argyle Diamond Joint Venture Contract - Web Site
Change of Director`s Interest Notice - Web Site
Director Resignation/Appendix 3Z - Web Site
The Otway Project - Completion of Katnook Acquisition - Web Site
Results of Meeting - Web Site
Final Director`s Interest Notice - Web Site
Second Tranche Received From Disposal of Dostyk Project - Web Site
Final Director`s Interest Notice - Web Site
Settlement of Savanna Litigation - Web Site
Response to ASX Price Query - Web Site
Change of Director`s Interest Notice - Web Site
PEP11 - Offshore Sydney Basin - Web Site
Annual Report to shareholders additional Information - Web Site
Activity Update - Web Site
Change in substantial holding - Web Site
Company Update - Web Site
Appendix 3Y - Peter Wicks - Web Site
Appendix 3Y - Russell Langusch - Web Site
Appendix 3Y - Jim McKerlie - Web Site
Appendix 3Y - David Williams - Web Site
Appendix 3B - Web Site
Copper Grade increased 22% upgraded Zeta Mineral Resource - Web Site
ETE ASX App 3Y - Padman - Change of Int - Web Site
Cooper Basin Project Update - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Change in substantial holding - Web Site
Board Restructuring - Web Site
Resource announcement - Tujuh Bukit - Web Site
Change of Director`s Interest Notice - Web Site
Results of General Meeting - Web Site
Results of Meeting - Web Site
Change in substantial holding - Web Site
ATO Class Ruling CR 2008/88 re LST Off-market Buy-back - Web Site
Change of Director`s Interest Notice - R Namaliu (Revised) - Web Site
Change of Director`s Interest Notice (30/06/08) - Web Site
Change in substantial holding - Web Site
Results of Meeting - Web Site
Disclosure of movement in substantial holding - Web Site
Disclosure of movement in substantial holding - Web Site
AGL PNG asset sale. 18 December 2008 - Web Site
Change of Share Register - Web Site
Corporate update from Managing Director - Web Site
COMPANY POSITION UPDATE
In light of the substantial shareholder notice received today from New Zealand Oil and Gas Limited (NZOG), and in recognition of NZOG’s announced intent to obtain a “strategic stake” in PPP, the Board of PPP has formalised a process to manage any potential conflict issues which relate to the fact that the PPP’s Chairman Mr Tony Radford is also an NZOG Director and Chairman of that company. These measures have been put in place to ensure that decisions of the Directors are taken without the possibility of any conflict of interest arising from Mr. Radford’s dual directorship position.
As indicated by the attached Financial Information which PPP intends to update on a monthly basis, PPP has a strong cash position and no debt, which places the company in a highly competitive situation given the current global credit constraints. As at end November PPP has retained some A$148 million (equivalent) in cash comprising A$53 million, NZ$38 million and US$41 million. This excludes US$7 million deposited as collateral to support the Tui FPSO lease arrangement.
PPP remains on track and committed to its growth objectives as outlined at PPP’s recent AGM and is currently considering a range of opportunities in the oil and gas business. - Web Site
Change in substantial holding from NZO - Web Site
Disclosure of movement in substantial holding - Web Site
Ceasing to be a substantial holder from CIG - Web Site
Rating Agency Release-Moodys Investor Service - Web Site
Appendix 3Y - Web Site
Appendix 3B - Web Site
Exploration Results Daly River Uranium - Web Site
Ceasing to be a substantial holder - Web Site
Share Purchase Plan Extended - Web Site
Acquisition of Lark Royal Project from Uranium One - Web Site
Appointment of Technical Advisers for Marenica Project - Web Site
Notice of General Meeting/Proxy Form
Molybdenum Presentation - Web Site
Presentation on Company Activities - Web Site
Stavely Gold-Copper Project
Beaconsfield Gold announces impressive intersections from recent drilling at the Junction Prospect at its Stavely Gold-Copper Project in western Victoria.
Hole TGAC78 - 8m at 2.6% Copper and 35m at 3.7% Copper
Background
In 2006, Beaconsfield Gold discovered the large Fair View Gold Prospect at the Stavely Project, which is located 110 km west of Ballarat. Although bedrock gold mineralisation of significance was found by subsequent drilling, exploration was suspended in April 2006 as the Company focussed on operations at the Beaconsfield Gold Mine. Exploration at Stavely recommenced in 2007, initially focussing on the Thursdays Gossan Copper Prospect some 4 km north west of Fair View. On 10 June 2008, the Company announced to the Australian Securities Exchange diamond drilling intersections of 7.7m at 4.2% copper (Cu) and 9.5m at 3.0% Cu in diamond drillhole SNDD001 at Thursdays Gossan. On 7 August 2008, it also announced an Inferred Resource 10.5 Mt at 0.45% Cu for a shallow supergene copper resource adjacent to the higher grade deeper intersections in SNDD001. Drilling resumed in November 2008, targeting copper mineralisation in several areas to the south east of Thursdays Gossan.
Beaconsfield Gold has options, which, if exercised, will result in it holding a 100% interest in the Stavely Project, subject to a 1% Net Smelter Return Royalty.
Junction Prospect
Impressive copper intersections have been returned from the Junction Prospect which is located 3 km south east of the Thursdays Gossan Copper Prospect and 1 km north west of the Fair View Gold Prospect (Figure 1).
Drilling at the Junction Prospect followed up copper mineralisation in hole PENP4 (Figures 2 and 3), a shallow vertical hole drilled by a previous explorer in the 1970s. Beaconsfield Gold drilled three inclined holes beneath PENP4, all of which visually returned wide intersections of oxide and supergene copper mineralisation of significant grade. Assays are available now only for holes TGAC78 and TGRC82 (Table 1, Figures 2 and 3) with assays awaited for TGRC87 and all other holes drilled to date. Maximum values of 2m at 7.3% copper (4-6m) and 2m at 8.0% copper (48-50m) are included within the broader intersections of 8m at 2.6% copper and 35m at 3.7% copper in hole TGAC78. No gold assay results are yet available.
Copper mineralisation consists of malachite, chalcocite, covellite and chalcopyrite as stringers and coarse-grained disseminations in intensely sericite-quartz altered host rocks (in part sediments). Holes TGAC78, TGRC82 and TGRC87 have intersected mainly shallow oxide mineralisation (malachite) and deeper supergene mineralisation (chalcocite, covellite), which is interpreted to overlie primary sulphide mineralisation (chalcopyrite). More extensive and deeper drilling will be required before the deposit geology and the nature of the primary mineralisation are satisfactorily determined.
Importantly, the Fair View Gold Prospect, the Junction Copper Prospect and the Thursdays Gossan Copper Prospect line up along a 10 km long north-west trend, possibly defining a major structural zone that controls mineralisation at each prospect.
Drilling was suspended on 12 December because of access problems caused by inclement weather and it is planned to resume drilling in January 2009 to fully test the lateral and depth extent of the mineralisation.
Beaconsfield Gold Mine Production Update
During the September Quarter 2008, the Beaconsfield Gold Mine attained full production after an extended recommissioning period. Quarterly gold production was 20,281 ounces and expectations were that production in the December Quarter would also exceed 20,000 ounces.
However, during October and November changes were made to the mining schedule to reduce the geotechnical risk of the planned extraction sequence. Additionally, lower-than-expected development rates delayed access to the key high-grade 1020W stoping block. These factors in combination have resulted in higher-grade stopes being deferred into the March Quarter 2009 with a consequential reduction in gold production to about 15,000 ounces during the December Quarter 2008.
Access has now also been established to high-grade stopes on the 990 and 1005 levels that will be available for mining during January when strong monthly production is anticipated. The mine also remains on track to deliver in excess of 80,000 ounces for the 2009 financial year.
Chief Executive Officer Bill Colvin said:
"Another high-grade copper discovery at Stavely indicates that Beaconsfield Gold is exploring a major gold-copper mineralised structural zone at least 10 km long linking the Fair View, Junction and Thursdays Gossan Prospects. Stavely is shaping up to be a gold and copper exploration project of the highest calibre.
Whilst the deferral of some production at the Beaconsfield Mine during the December quarter is disappointing, the new, remote mining method continues to work very well, high grades are expected in January, and the production outlook for the year is strong." - Web Site
Appendix 3B - Employee Share Option Plan - Web Site
Significant Uranium found at Old Mount Peake - Web Site
Change of Director`s Interest Notice - Web Site
BHP Billiton Chairman`s Letter - Web Site
Results of Meeting - Web Site
EMR: PROJECTS UPDATE - Web Site
New Iron Discovery in Pilbara - Web Site
Allotment under Non-renounceable Rights Issue (part) - Web Site
Change in substantial holding - Web Site
Change of Directors` Interest Notices - Web Site
2008 Full Year Outlook - Market Update - Web Site
Media Release - Heads of Agreement for Joint Venture - Web Site
Significant Uranium Intercepts at Bigrlyi (NT) - Web Site
Ceasing to be a substantial holder - Web Site
ETE ASX App 3Y - Brimage - Change of Int - Web Site
WAIVER GRANTED RE ADVICE TO LISTED OPTION HOLDERS - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Response to ASX Appendix 3Y Query - Web Site
New JV on GinGin Scarp increases holdings to 2,330 sq km - Web Site
Initial Director`s Interest Notice - Web Site
Ceasing to be a substantial holder - Web Site
Request for Trading Halt - Web Site
Suspension from Official Quotation - Web Site
Initial Director`s Interest Notice - Web Site
Initial Director`s Interest Notice - Web Site
New Corporate Governance Policies - Web Site
Appointment of Chief Executive Officer - Web Site
Kalman Deposit Update - 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
Orara Well Spuds PEL 426 - Web Site
Manganese Beneficiation Results - Waddikee Project - Web Site
AJL: Sale of PEL 285 - Web Site
Offer of $9 million Preference Shares by Aust China Clays - Web Site
NEM dividend conversion rate - Web Site
Response to ASX Query re LR319A - Web Site
NZOG Takes Shareholding in PPP - Web Site
Notice of change of interests of substantial holder for PPP - Web Site
Form 603 - Notice of initial substantial holder for PPP - Web Site
Disclosure of Movement in Substantial Holding - Web Site
Galoc Oil Field - Operations Update - Web Site
Request for Trading Halt - Web Site
Appendix 3E - Web Site
Appendix 3E Daily Share Buyback Report - Web Site
Paladin Bidders Statement Proposed Takeover of Fusion - Web Site
Shareholder Newsletter - Web Site
Commercial Iron Ore Potential at Barnes Hill - Web Site
Release of Restricted Securities - Web Site
Salinas Reorganises to Strengthen California Oil Production - Web Site
Results of SGM/Change of Co.Sec - Web Site
Change of Director`s Interest Notice - Web Site
Results from grab sampling at Olary_Clarification - Web Site
Drilling confirms Second High Grade Tin-Tungsten Shoot - Web Site
White Energy to Merge its South East Asian Business - Web Site
Appendix 3B - Web Site
Results of Extraordinary General Meeting - Web Site
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Wednesday 17 December 2008 (Close of Business - New York)
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| All Ords | 3515.0 | +16.1 | Dow Jones | 8824.34 | -99.80 | |||
| ASX100 | 2946.2 | +10.8 | S&P 500 | 904.42 | -8.76 | |||
| ASX200 | 3570.6 | +14.4 | Nasdaq | 1579.31 | -10.58 | |||
| ASX300 | 3552.3 | +15.9 | NYSE Volume ('000) | 6,052,930 | ||||
| Materials (Sector) | 8668.7 | +116.0 | US 10-Year Bond | 2.190% | -0.173 | |||
| All Ords Gold (Sub Industry) | 4355.1 | +96.5 | CBOE Volatility Index (VIX) | 49.84 | -2.53 | |||
| Metals & Mining (Industry) | 3031.3 | +45.2 | Gold - spot/oz | US$867.40 | +9.90 | |||
| Energy (Sector) | 12,517.6 | +367.2 | Silver - spot/oz | US$11.36 | +0.15 | |||
| New Zealand (NZSE 50) | 2695.9 | +0.8 | Platinum - spot | US$863.00 | unch | |||
| Shanghai Composite | 1976.8 | +1.8 | Palladium - spot | US$176.00 | -2.00 | |||
| Hang Seng | 15,460.5 | +330.3 | Uranium - spot US$/lb | US54.00 | unch | |||
| India BSE 30 | 9715.3 | -261.7 | Reuters-CRB Index (CCI) | 351.38 | unch | |||
| Jakarta Composite | 1364.0 | +21.1 | Light Crude (NYM - $US per bbl.) | US$40.06 | -3.54 | |||
| Nikkei | 8612.5 | +44.5 | Natural Gas (NYM - $US/mmbtu) | US$5.71 | -0.09 | |||
| Taiwan Weighted | 4648.0 | +31.1 | Copper (LME - spot $US/tonne) | 2997 | -80 | |||
| FTSE 100 | 4324.2 | +15.1 | Lead (LME - spot $US/tonne) | 997 | +12 | |||
| German DAX | 4708.4 | -21.5 | Zinc (LME - spot $US/tonne) | 1081 | +11 | |||
| A$ = US70.37 | +0.89 | Nickel (LME - spot $US/tonne) | 9930 | +125 | ||||
| A$ = 61.50yen | -0.30 | Aluminium (LME - spot $US/tonne) | 1451 | +1 | ||||
| A$ = 0.488Euro | -0.007 | Tin (LME - spot $US/tonne) | 11,200 | -210 | ||||
| A$ = 0.453GBP | +0.007 | Sydney Futures Exchange - SPI | 3533 | -45 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street finished moderately lower Wednesday, as further signs of economic deterioration dampened investors' earlier enthusiasm about the Federal Reserve's record interest rate cut.
Morgan Stanley said Wednesday it lost $2.37 billion during its fiscal fourth quarter as it took a range of losses on assets amid one of the roughest quarters for investment banks.
Advancing issues outnumbered decliners by about 3 to 2 on the New York Stock Exchange, where volume came to a light 1.34 billion shares.
Oil prices tumbled below $40 for the first time since the summer of 2004 despite an announcement from OPEC that it planned a record production cut of 2.2 million barrels a day.
Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year.
Gold prices rose to the highest in nine weeks as the US dollar tumbled after the Federal Reserve cut U.S. borrowing costs, boosting the appeal of the precious metal as an alternative investment. Silver jumped more than 6 percent.
Appendix 3B and 3Y - Web Site
Change of Director`s Interest Notice - Web Site
Trading Halt - Web Site
Shortfall Allocation of Non-Renounceable Issue - Web Site
Litigation hearing completed - Web Site
VIC/P46 Fermat-1 Drilling Report No. 2 - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - directors options per AGM resolution - Web Site
Appendix 3Y x 2 - Web Site
Change of Status - Web Site
Annual General Meeting Presentation - Web Site
Chairmans Address - Web Site
Results of Meeting - Web Site
Cancellation of Royalty Rights Agreement - Web Site
PPP: Company position update - Web Site
FSN: Target`s Statement - Web Site
Release from Escrow - Web Site
Appendix 3Y - Change of Directors Interest Notice - Web Site
Change of Director`s Interest Notices - Web Site
Change of Director`s Interest Notice - Web Site
Appointment of New Director - Web Site
NEW ROPER BAR TENEMENTS WITH HIGH GRADE IRON ORE VALUES - Web Site
KIHABE BASE METALS PROJECT, BOTSWANA - SCOPING STUDY/DRILLING RESULTS
The Company has appointed ProMet Engineers Pty Ltd, to compile an updated Scoping Study on the Company's revised estimate for its Base Metals Resource in northwestern Botswana. It is anticipated that this Scoping Study should be completed toward the end of January 2009.
Whilst the Company accepts that the Kihabe project may not currently present a commercial mining proposition at today's metal prices, the purpose of updating this Scoping Study is to establish:
(a) A model capable of being revised as required, according costs and metal prices; and
(b) The estimated metal prices required to determine the break-even point of the project.
The combined estimated Indicated and Inferred, potential open cut Resource, at both the Kihabe and Nxuu deposits, situated 7kms apart, was announced to the ASX on the 8th of October 2008. This estimate currently amounts to 27.4 million tonnes at 2.3% zinc equivalent, applying a 0.5% zinc equivalent cut off grade. Of this resource estimate, 16.4 million tonnes are Indicated and 11 million tonnes are Inferred...... - Web Site
AUT: Weston-1H Operations Update - Web Site
EKA: Weston - 1H Operations Update - Web Site
BPT: Progress Report - Web Site
Joint Company Secretary Appointment - Web Site
Annual General Meeting Presentation - Web Site
Change of Director`s Interest Notice x 2 - Web Site
Final Director`s Interest Notice - Web Site
Section 708A Notice - Web Site
Appendix 3B - Web Site
Renounceable Rights Issue- Closed 12 December 2008 - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
Capital Raising - Web Site
Change in substantial holding - Web Site
Open Briefing: Chairman and CEO Discuss Karara and Outlook - Web Site
Operations Update Paradox Basin no 1 and no 2 Wells, Utah - Web Site
Peak Hill Iron Ore Potential - Web Site
Unmarketable Parcel Sale Facility - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Resignation of Non-Executive Director - Web Site
Audio Broadcast - Impact Minerals Limited Uranium Outlook - Web Site
Becoming a substantial holder - Web Site
Despatch of prospectus completed - Web Site
Appendix 3Y - BJF - Web Site
Movement in shareholding of over 1% - Web Site
Movement in shareholding of over 1% - Web Site
Trading Halt - Web Site
RIGHTS ISSUE CLOSES
Oroya Mining announced that despite the difficult market, the renounceable rights issue announced by the Company on 10 November 2008 has closed on 11 December 2008 with relatively strong support from its shareholders.
The number of shares taken up by eligible shareholders was 76,857,284 or approximately 24% of eligible shares on offer.
The rights issue faced some of the most difficult market conditions ever but ended up well supported with more than 200 shareholders applying for their entitlements.
The rights issue raised approximately $307,000 before costs of the issue. The funds will be used to develop the Company’s assets and for working capital, as described in the prospectus. - Web Site
Appendix 3B - Web Site
Change in substantial holding - P Stuntz - Web Site
TBR: Campaign 9 Results - Web Site
Appendix 3B - Web Site
Final Director`s Interest Notice - Web Site
RAB Form 604 - Change of Interest of Substantial Holder - Web Site
IDO: $5 Million Funding Secured - Web Site
Ashburton - Kooline North Gold Anomaly - Web Site
Open Briefing MD Gives Project and Corporate Update - Web Site
Results of Meeting - Web Site
Extension of Multiserv Agreement - Web Site
Disclosure of Interest in Shares - Web Site
Argonaut Gold Program in Laos - Web Site
Progress Report - Web Site
Board Changes and Issue of Draw Down Notice - Web Site
Initial Director`s Interest Notice - Web Site
Change in substantial holding - Web Site
Operations Update - Browns Oxide Project - Web Site
Further High-Grade Gold Results Enhance Dargues Reef - Web Site
Revised Appendix 3B - Retail Entitlement Issue - Web Site
Change of Director`s Interest Notice - Web Site
Proposed Australian Carbon Pollution Reduction Scheme - Web Site
Update - Block 138
Kalahari Letter to Shareholders - Web Site
Appendix 3Z - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
Rights Issue - Directors` Entitlements - Web Site
Appendix 3B - Web Site
Resignation of Director M Fotios - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
Hill End gold production update - Web Site
Appendix 3Y - Web Site
Expiry of Unlisted Options - 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
Ceasing to be a substantial holder - Web Site
Appendix 3B - Web Site
Maiden Underground Resource for Santa Rita - Web Site
Change of Director`s Interest Notice - Web Site
Grants Creek drilling results - Web Site
AGL acquires Gloucester Basin coal seam gas assets - Web Site
Sale of Gloucester (PEL 285) to AGL Energy - Web Site
Galoc Field Update - Web Site
Disclosure of beginning to have substantial holding for PPP - Web Site
Disclosure of beginning to have substantial holding for PPP - Web Site
Appendix 3E - Web Site
Appendix 3E Daily Share Buyback Report - Web Site
APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER - Web Site
Apendix 3B release from escrow - Web Site
Change in substantial holding - Web Site
Redbank Copper Strengthens Board - Web Site
Rox Receives Expressions of Interest and Signs MOU on Myrtle - Web Site
Appointment of New CEO and Managing Director - Web Site
Appendix 3B - issue of employee options - Web Site
Operational Advice Leonard 1 23 H - Web Site
Further Restructing Of Hedges Accelerates Debt Reduction - Web Site
Organisational Restructure / Changes to Board Composition - Web Site
|
Tuesday 16 December 2008 (Close of Business - New York)
|
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| All Ords | 3498.9 | -36.8 | Dow Jones | 8924.14 | +359.61 | |||
| ASX100 | 2935.4 | -26.8 | S&P 500 | 913.18 | +44.61 | |||
| ASX200 | 3556.2 | -35.2 | Nasdaq | 1589.89 | +81.55 | |||
| ASX300 | 3536.4 | -34.3 | NYSE Volume ('000) | 6,626,136 | ||||
| Materials (Sector) | 8552.7 | -106.5 | US 10-Year Bond | 2.363% | -0.170 | |||
| All Ords Gold (Sub Industry) | 4258.6 | -62.7 | CBOE Volatility Index (VIX) | 52.37 | -4.39 | |||
| Metals & Mining (Industry) | 2986.1 | -35.8 | Gold - spot/oz | US$857.50 | +20.60 | |||
| Energy (Sector) | 12,150.4 | -438.0 | Silver - spot/oz | US$11.21 | +0.58 | |||
| New Zealand (NZSE 50) | 2695.1 | +18.7 | Platinum - spot | US$863.00 | +28.00 | |||
| Shanghai Composite | 1975.0 | +10.6 | Palladium - spot | US$178.00 | +6.00 | |||
| Hang Seng | 15,130.2 | +83.3 | Uranium - spot US$/lb | US54.00 | unch | |||
| India BSE 30 | 9977.0 | +144.6 | Reuters-CRB Index (CCI) | 351.38 | +2.94 | |||
| Jakarta Composite | 1342.8 | -16.4 | Light Crude (NYM - $US per bbl.) | US$43.60 | -0.91 | |||
| Nikkei | 8568.0 | -96.6 | Natural Gas (NYM - $US/mmbtu) | US$5.80 | +0.12 | |||
| Taiwan Weighted | 4616.9 | +3.2 | Copper (LME - spot $US/tonne) | 3077 | -58 | |||
| FTSE 100 | 4309.1 | +31.5 | Lead (LME - spot $US/tonne) | 985 | -66 | |||
| German DAX | 4729.9 | +75.1 | Zinc (LME - spot $US/tonne) | 1070 | -12 | |||
| A$ = US69.48 | +2.62 | Nickel (LME - spot $US/tonne) | 9805 | -370 | ||||
| A$ = 61.8yen | +1.20 | Aluminium (LME - spot $US/tonne) | 1450 | -10 | ||||
| A$ = 0.495Euro | +0.007 | Tin (LME - spot $US/tonne) | 11,410 | -355 | ||||
| A$ = 0.446GBP | +0.009 | Sydney Futures Exchange - SPI | 3613 | +58 | ||||
| Click on Links to Access Charts | ||||||||
A surprised Wall Street bolted higher Tuesday (Dow up 4.2%) after the Federal Reserve's historic decision to further slash interest rates to the lowest level on record and pledge broad support to revive the troubled economy.
The central bank on Tuesday said it had reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October.
The U.S. dollar dropped precipitously after the FOMC made its statements.
Crude oil fell in New York on skepticism that OPEC will reduce production targets enough at a meeting tomorrow to stop a slump in prices.
Gold prices extended a rally to the highest in more than two months after the Federal Reserve cut U.S. borrowing costs, driving the dollar lower and boosting the appeal of the precious metal as an alternative investment.
Director Appointment/Resignation - Web Site
Becoming a substantial holder from MQG - Web Site
Bowen Energy Ltd Exploration Update - Web Site
Share Purchase Plan Offer - Web Site
Notice of General Meeting/Proxy Form - Web Site
Response to ASX Query - Director`s Interest Notices - Web Site
Appendix 3B - New Issue Annoucement - Web Site
Response to ASX Query re Appendix 3Y - Web Site
Letter to shareholders - Web Site
Results of Meeting - Web Site
Appendix 3B Entitlement Issue 1 for 1 - Web Site
Change of Director`s Interest Notice - Web Site
Rollover of debentures - Web Site
Appendix 3B - Web Site
Response to ASX Query re Announcement 15/12/08 - Web Site
Appendix 3B - Release of Restricted Securities - Web Site
KMN: Kalman Drilling Update - Web Site
Appendix 3B - Web Site
Employee Share Option Plan - Cancellation of Options - Web Site
Change of Name - Web Site
Change in substantial holding from CBA - Web Site
KANSAS - DRILLING UPDATE - Web Site
Employee Incentive Options Cancelled - Web Site
UCL: Namibian Phosphate Project Update - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Non-Renounceable Issue - Web Site
Substantial Shareholder Notice - Web Site
MEO: Update on Zeus-1 Timing - Web Site
Appendix 3B - Web Site
Common Shares Issued to EPC Contractor - Web Site
Appendix 5B - Web Site
Allotment of Rights Issue Shares - Web Site
Appointment of Chairman - 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
Appendix 3B - Web Site
Appendix 3B - Web Site
Kalman Drilling Update - Web Site
Response to ASX Query re Price - Web Site
Mincor Audio Broadcast - Web Site
Ceasing to be a substantial holder - Web Site
Appendix 3B - Web Site
COZ: CO2 Group signs carbon offset program with Newmont Asia - Web Site
December 2008 Listed Options Expiry Notice - Web Site
Lucy Creek (NT) Phosphate - Web Site
Permit Granted for Large Phosphate Project in Mali - Web Site
Appendix 3B Options - Web Site
FSN: Preference Shares to be Cancelled as Condition of T/O - Web Site
CERTIFIES 394 PJ OF 2P RESERVES ON ATP852P CAMERON FIELD - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
TAP: Fletcher-3 Appraisal Well Update - WA-191-P - Web Site
Management and Board Changes - Web Site
Change of Director`s Interest Notice - Web Site
CONRAD SILVER PROJECT: RESOURCE UPGRADE TO FORM BASIS OF NEW SCOPING STUDY
Malachite Resources NL (ASX: MAR) advises that a new mineral resource estimate has been prepared for the Conrad Silver Project, located 25km south of Inverell in northern NSW. The new estimate is based on the results of all drilling to date, amounting to over 25,000 metres of drilling in 107 drill holes.
HIGHLIGHTS
EPA Approval - Web Site
Initial Rockchip Results Confirm Gold Prospectivity - Web Site
NI 43-101 Technical Report filed on SEDAR - Web Site
DSN: Company Update - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Renewable Energy Project - Web Site
Market Update - Web Site
Addendum to Annual Report - Web Site
Change of Directors` Interest Notices - Web Site
Trading Halt - Web Site
Competent Person Authorisation of Exploration Results - Web Site
Ceasing to be a substantial holder - Web Site
UNO: Conductive Unit identified at the Gardner Range Project - Web Site
Reinstatement to Official Quotation - Web Site
Change of Director`s Interest Notice-Andy Rigg - Web Site
Company Update - Web Site
Record Date For Interest On Convertible Notes - Web Site
CONVERTIBLE NOTE ISSUE AND PLACEMENT
The Directors of First Australian Resources Limited (“FAR” or “the Company”) are pleased to announce that the Company has reached an in-principle agreement to raise up to $3.5 million through the issue of new convertible notes (“Notes”) and up to $750,000 via a share placement (“Placement”).
The monies raised in respect of the issue of the Notes and the Placement will be utilised predominantly in progressing development and exploration of the Company’s oil and gas projects in North America, marketing of a farm-out for the Senegal project and for working capital purposes.
The issue of the Notes and the Placement significantly strengthens the financial position of the Company as it enters an exciting period.
The Notes will be issued at $0.45, giving each noteholder the right to convert each Note into 10 fully paid shares (equivalent to 4.5 cents per share). A 15% per annum coupon is payable quarterly in arrears, with a redemption date of 31 January 2012. ASX quotation of the Notes will be sought in due course.
The Company has further resolved to raise up to $750,000 through the placement of up to 28,850,000 shares at an issue price of 2.6 cents per share...... - Web Site
Shipping Contracts Update - Web Site
Appendix 3B - Web Site
JORC Resource at Balline - Web Site
Update of drill results - Weld Range iron ore - Web Site
Appendix 3E - Web Site
Paulsens Operation Western Australia
There has been some jubilation today with our last delivery into the hedge book and it could not have come at a better time with gold now sitting at US$830 per ounce. More than 60% of our 2008 production has been delivered into prices of A$627 per ounce. At the current A$:US$ exchange rate our cash costs are just above US$400 per ounce. The significantly increased cash flow will place us in a strong position towards the end of 2009.- Web Site
LEG: Legend acquires shares in Independence Group - Web Site
Addendum to Annual Report - Web Site
Operations update - Web Site
Agreements provide major coup for Jackson`s uranium project - Web Site
Trading Halt - Web Site
San Anton Exploration Drilling Update - Web Site
Change in substantial holding - Web Site
MCC Announces Production Cuts and Half-Year Profit Downgrade - Web Site
US SEC Form 8-K - Web Site
Response to ASX Query re Appendix 3X - Web Site
Ceasing to be a substantial holder - Web Site
Libra-1 Exploration Well Progress Report No 7 - Web Site
Operational, Marketing and Production Update - Web Site
Appendix 3E Daily Share Buyback Report - Web Site
Further Drilling Results at Highland Plains - Web Site
Change in substantial holding - Web Site
Article fron The Dominion Post NZ - Web Site
Notification of subscriptions per rights issue - Web Site
Potash Acquisition Agreement - Web Site
Trial Scraper Mining Conducted at Moolart Well - Web Site
Sundance Appoints New Chairman - Web Site
Non-Renounceable Rights Offer document despatched - Web Site
Open Briefing - Increasing Ore Production at Coyote - Web Site
Sale of Coogee Gold Deposit - Addendum - Web Site
Napperby Scoping Study Commences - Web Site
Final Director`s Interest Notice - correction - Web Site
Agreement signed with Coromandel Fertilisers
As previously announced, Union Resources Limited (“Union”), Bonaparte Diamond Mines NL (“Bonaparte”) and Namibian company Tungeni Investments cc have entered into a joint venture to develop their respective Sandpiper and Meob marine phosphate projects off the coast of Namibia (‘the JV”).
Union is pleased to announce that it has entered into an agreement (“the Agreement”) with Coromandel Fertilisers Limited (“Coromandel”) of India. Coromandel manufactures a wide range of fertilisers. It markets around 2.5 million tonnes of phosphatic fertilisers per annum, making it the second largest producer of phosphatic fertiliser in India.
Under the agreement Coromandel will undertake testing of marine phosphate from the Sandpiper/Meob JV area in order to confirm the quality and suitability of the rock phosphate;
Union’s Managing Director Frank Reid said: “We are delighted to be progressing discussions with Coromandel on behalf of the JV as part of our programme to fast track the development of our Sandpiper/Meob project.” - Web Site
MEHDIABAD UPDATE
The Mehdiabad Project is carried on by Union Resources Limited (“Union”), Iranian Mines and Mining Industries Development and Renovation Organization (“IMIDRO”) and the company Itok GmbH (“Itok”) through an incorporated Iranian joint venture company, Mehdiabad Zinc Company (“MZC”). Union has to date invested in excess of US$15 million on exploration and feasibility activities relating to the Project.
As previously advised, IMIDRO purported to terminate several agreements governing the Project in December 2006. Union stated then, and is still firmly of the opinion, that the agreements were invalidly terminated. Since that time Union has been negotiating with the relevant Iranian parties in an effort to resolve the impasse and progress the Project. Most recently, Union held talks last weeks with its Iranian counterparts.
It has come to Union’s attention that the Managing Director of IMIDRO’s wholly owned subsidiary Iran Mines Procurement and Supply Company (“IMPASCO”) has been quoted in the international press as stating that an agreement has been reached for Union to build a zinc production plant and for an official contract governing the matter to be signed within the next two months.
As stated above, Union has been pursuing a resolution of the dispute. Following negotiations in May of this year Union and its Iranian counterparts entered into a memorandum of understanding. A second memorandum of understanding was entered into on 10 December which expands upon the first memorandum of understanding.
The memoranda of understanding provide for MZC to build a plant to process Mehdiabad ore, receive priority supply of the ore, and deal with related mining issues, with the Exploitation Licence to be held by IMIDRO or its nominee. Progress has been made in the negotiation of this matter, but several key issues remain to be resolved before a final binding agreement can be concluded, the most important of which are the transfer price of the ore and the effective control of the mining program. Possible solutions to these issues have been proposed and are currently under review by Union. - Web Site
Significant Fe assays from Olary Creek - Web Site
Roper Bar Drilling Interim Results - Web Site
Completion of Drilling on Newman Projects
Pilbara explorer, Warwick Resources Limited (ASX:WRK) today announced that it has completed an intensive two month RC drilling campaign on its 100% owned iron ore, gold and chromite projects near Newman.
The drilling targeted extensions to previously identified iron ore mineralisation at Jimblebar Range and Caramulla South in addition to providing initial tests of substantial iron ore targets at Woggaginna, Black Hills and Western Creek.
In addition to iron ore, the drilling also tested strong geochemical and geophysical targets at the Jimblebar gold project and extensions to outcropping chromite seams at Coobina West.
Assay results from the drilling are expected to be available progressively from late January 2009.
The Company currently has cash reserves of approximately $7 million and a strong portfolio of projects to explore and develop over the forthcoming year. - Web Site
Restricted Securities Release from Escrow - Web Site
|
Monday 15 December 2008 (Close of Business - New York)
|
||||||||
| All Ords | 3535.7 | +83.2 | Dow Jones | 8564.53 | -65.15 | |||
| ASX100 | 2962.2 | +64.4 | S&P 500 | 868.57 | -11.16 | |||
| ASX200 | 3591.4 | +81.0 | Nasdaq | 1508.34 | -32.38 | |||
| ASX300 | 3570.7 | +79.6 | NYSE Volume ('000) | 4,997,950 | ||||
| Materials (Sector) | 8659.2 | +558.1 | US 10-Year Bond | 2.533% | -0.056 | |||
| All Ords Gold (Sub Industry) | 4321.3 | +210.0 | CBOE Volatility Index (VIX) | 56.76 | +2.48 | |||
| Metals & Mining (Industry) | 3021.9 | +198.2 | Gold - spot/oz | US$836.90 | +14.90 | |||
| Energy (Sector) | 12,588.4 | +664.0 | Silver - spot/oz | US$10.63 | +0.39 | |||
| New Zealand (NZSE 50) | 2676.4 | -0.5 | Platinum - spot | US$835.00 | +12.00 | |||
| Shanghai Composite | 1964.4 | +10.2 | Palladium - spot | US$172.00 | +3.00 | |||
| Hang Seng | 15,047.0 | +288.6 | Uranium - spot US$/lb | US54.00 | unch | |||
| India BSE 30 | 9832.4 | +142.3 | Reuters-CRB Index (CCI) | 348.44 | +3.27 | |||
| Jakarta Composite | 1359.3 | +96.3 | Light Crude (NYM - $US per bbl.) | US$44.51 | -1.77 | |||
| Nikkei | 8664.7 | +428.8 | Natural Gas (NYM - $US/mmbtu) | US$5.68 | +0.13 | |||
| Taiwan Weighted | 4613.7 | +132.5 | Copper (LME - spot $US/tonne) | 3135 | -43 | |||
| FTSE 100 | 4277.6 | -2.8 | Lead (LME - spot $US/tonne) | 1041 | +29 | |||
| German DAX | 4654.8 | -8.6 | Zinc (LME - spot $US/tonne) | 1082 | +39 | |||
| A$ = US66.86 | +0.43 | Nickel (LME - spot $US/tonne) | 10,175 | -510 | ||||
| A$ = 60.60yen | -0.02 | Aluminium (LME - spot $US/tonne) | 1460 | -25 | ||||
| A$ = 0.488Euro | -0.010 | Tin (LME - spot $US/tonne) | 11,765 | -180 | ||||
| A$ = 0.437GBP | -0.007 | Sydney Futures Exchange - SPI | 3574 | -30 | ||||
| Click on Links to Access Charts | ||||||||
Investors sent stocks lower Monday as anxiety over the growing list of firms affected by investment manager Bernard Madoff and the potential losses to the financial sector took center stage on Wall Street. Investors also were nervous ahead of earnings reports later this week from the country's two largest investment banks, Goldman Sachs Group Inc. and Morgan Stanley.
Stocks had traded mixed early on as investors were relieved to hear that President George W. Bush was working on providing short-term government help for the auto industry.
Declining issues outnumbered advancers by about 3 to 1 on the New York Stock Exchange, where volume came to a light 1.21 billion shares.
Oil prices fell nearly 4 percent on Monday as deepening economic worries countered expectations that OPEC would agree to its biggest supply cut ever when the group meets in Algeria this week.
Gold prices rose to the highest in two months as the slumping dollar boosted the appeal of the precious metal as an alternative investment. Silver jumped almost 4 percent.
ANGLOGOLD ASHANTI ACQUIRES SAO BENTO GOLD LIMITED
Further to its announcement of 31 July 2008, AngloGold Ashanti is pleased to announce that it has today completed the purchase of São Bento Gold Company Limited ("SBG") and its wholly-owned subsidiary, São Bento Mineração S.A. ("SBMSA") from Eldorado Gold Corporation ("Eldorado") for a consideration of US$70 million. The purchase price was settled through the issuance of 2,701,660 AngloGold Ashanti shares.
The purchase of SBG and SBMSA gives AngloGold Ashanti access to the São Bento mine, a gold operation located in the immediate vicinity of AngloGold Ashanti's proposed Córrego do Sítio mine, located in the municipality of Santa Bárbara, Iron Quadrangle region of Minas Gerais State, Brazil. The acquisition of the São Bento mine provides AngloGold Ashanti with the potential to double the scale of the proposed Córrego do Sítio mine, which once developed will significantly enhance AngloGold Ashanti's Brazilian asset base. - Web Site
Becoming a substantial holder - Web Site
Initial Response to CPRS White Paper - 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
App 3B - CXYO Listed Options Exercised - Web Site
Change of Director`s Interest Notice x 3 - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Lapse of Employee Share Options - Web Site
Retirement of Company Chairman - Web Site
TransAtlantic`s Bidder`s Statement - Web Site
RER: Farm In Agreement and Joint Venture Heads of Agreement
338 Million Tonnes Inferred Coal Resource Re-Release - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Appendix 3B and 2 x Appendix 3Y - Web Site
QOL: Short Term Funding Secured From Outback Metals Limited - Web Site
Change of Director`s Interest Notice - Web Site
Ceasing to be a substantial holder - Web Site
Appendix 3B - Web Site
Appendix 3B - issue of director options - Web Site
Change of Director`s Interest Notice - Web Site
Exploration Project Update - Mount Wellington and Mary Kathleen
Key Developments
Mount Wellington Project
Mary Kathleen Project
Australasia Gold Secures Placement of $1 million - Web Site
Update on Peak Hill Surveys - Web Site
Appendix 3B - Web Site
Appendix 3B - Release from escrow - Web Site
Positive Interim Results for Marine Phosphate Project - Web Site
EPR: VIC/P46 Fermat-1 Drilling Report No. 1 - Web Site
Change in substantial holding - Web Site
PEM: Perilya Advises REJECT CBH`s OFFER - Web Site
PEM: Letter to S/holders Accompanying PEM Target`s Statement - Web Site
Initial 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
Energy Ventures Net Tangible Asset (NTA) At 30 November 2008 - Web Site
Section 708A(5) Notice - Web Site
Appendix 3B - Web Site
Hill End gold investment bars - Web Site
Hot Rock withdraws from Bernried geothermal project - Web Site
Change of Director`s Interest Notice - Web Site
VPE: Wire Line Logs Confirm Oil Zone in Growler-5 PRL 15 SA - Web Site
Change of Director`s Interest Notice (Amended) - Web Site
Elimatta Marketable Reserve - Web Site
Securities Ceasing Compulsory Escrow - Web Site
Change of Director`s Interest Notice - Web Site
Notification of Cancellation of Shares - Web Site
Pluton appoints experienced mining executive as chairman - Web Site
Response to Price Query - Web Site
Letter to 31-12-2008 unlisted option holders - Web Site
Appendix 3B - Web Site
Additional Excellent Results enhance Wodgina DSO Project - Web Site
MTH: Huckitta Update - Web Site
RHI: Shareholder Update - Web Site
Everest Platinum Mine Update - Web Site
Notice of Extraordinary General Meeting/Proxy Form - Web Site
Monthly Exploration Report-November 2008 - Web Site
Appendix 3B - Web Site
Trading Halt - Web Site
Change of Director`s Interest Notice- M Bowen - Web Site
Becoming a substantial holder - Web Site
New sulphidic system discovered and new high grade results - Web Site
Jabal Sayid Project Update - Web Site
Exploration Results Continue to Flow at Clancy - Web Site
Director Appointment - Web Site
Change in substantial holding - Web Site
Callawonga 5 Spud - Web Site
Appendix 3B - Web Site
Suspension from Official Quotation - Web Site
Significant Gold Intercepts at the Analytic One Project - Web Site
Cancellation of Unlisted Options - Web Site
Final Director`s Interest Notice - Web Site
Galaxy Raises $1m to Complete Lithium DFS - Web Site
Daily share buy-back notice - Appendix 3E - Web Site
Change of Director`s Interest Notice - Web Site
GeolSec phosphate development update - Web Site
Reinstatement to Official Quotation - Web Site
Hampton Exploration Update - Web Site
Appendix 3B - Web Site
Shambesai Drill Results 15 December 2008 - Web Site
Grant of Bunnawarra lease and work program proposal
Change of Director`s Interest Notice - Web Site
NZOG Encouraged by Exploration Prospects - Web Site
Market Update - Web Site
Oil Zones in AL JUMD-1 Well Oman - Web Site
MEDIA RELEASE Manganese Production/ Marketing Strategy - Web Site
Amended Appendix 3E Daily Share Buy Back Notice - Web Site
Change of Director`s Interest Notice - Web Site
Encouraging Resource Drilling Results - Sentinel - Web Site
Change in substantial holding - Web Site
Suspension from quotation at close of trading 15 Dec 08 - Web Site
Change of Director`s Interest Notice - Web Site
SHG Board Resignations - Web Site
Change of Director`s Interest Notice-Paul Burton - Web Site
Finance and operations update - Web Site
Final Korean joint venture approvals received - Web Site
Maiden Resource Statement for the Cerro Vetas Prospect - Web Site
Half Year Accounts - Web Site
Administrators` Second Update to Shareholders - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3B - Web Site
Puffin-12 Progress Report No 5 - Web Site
Consolidation of Capital - Web Site
November monthly exploration report - Web Site
Wide gold intersections confirmed at the Batie West project - Web Site
Change of Director`s Interest Notice - Web Site
Progress Report Gordons Knob Diamond Drilling - Web Site
Conversion of options - Web Site
$500,000 Loan Repaid - Web Site
Results of Meeting - Web Site
Successful Bid for New Gippsland Permit - Web Site
RIO: RBM reaches agreement on 26 per cent BBBEE transaction - Web Site
Exploration Finds Three Priority Targets - Web Site
Ceasing to be a Substantial Holder from SAR - Web Site
Appendix 3B - Web Site
Cornell Loan Repayment - Web Site
Appointment of managing director - Web Site
Initial Director`s Interest Notice - Web Site
Acquisition of interest in QLD coal mine and issue of shares - Web Site
Market Update on Mt Carlton Project - Web Site
Appendix 3B - Web Site
Change of Directors Interest Notice - Web Site
MMR: Central Petroleum Farmin Partner Acquired by BG Group - Web Site
Notification of Option Expiry - Web Site
DRUMMOND GOLD TO EARN 51% OF YANDAN GOLD PROJECT FROM STRAITS RESOURCES
Landmark expansion and advance towards production for Drummond
Drummond Gold Limited (Drummond or the Company) has reached agreement with Straits Resources Limited to earn a majority interest in the Yandan gold project, allowing Drummond to significantly increase its gold Resources.
Announcing the agreement today, Drummond Managing Director Mr Doug Grewar said:
“Yandan constitutes a landmark expansion and advance towards gold production for Drummond.
“Yandan represents a doubling in scale and a potential shortening of the time frame for Drummond’s proposed mining and processing operations in and around the historic North Queensland gold mining centre of Mt Coolon.”
Drummond has agreed to earn in to a proposed Joint Venture with Straits Gold Pty Ltd (a wholly owned subsidiary of Straits Resources) at Yandan. Drummond will spend $3 million and fund its share of environmental bond obligations to earn 51% of Yandan over a period of up to three years. Under the terms agreed, either party may then extend or chose to dilute its interest in the project.
Yandan, in the Drummond Basin gold province, is 155 km south of Charters Towers and 45 km west of Mt Coolon. The Yandan mine produced more than 365,000 oz of gold for Ross Mining during the 1990’s.
The Yandan project comprises two mining leases containing three former open pits, one granted exploration permit (EPM) and one EPM under application.
Yandan currently has an estimated inferred Resource totalling 308,000 oz gold (4.1 Mt @ 2.4 g/t).
Drummond’s current total inferred and indicated Resources are estimated at 272,000 oz gold. (2.8 Mt @ 2.99 g/t) in three 100% owned projects within 10 km of Mt Coolon..... - Web Site
Change in substantial holding - Web Site
Change of Director`s Interest Notice - Web Site
Revised Ex Date for Interest on Convertible Notes - Web Site
Prospectus Cover Letter - Web Site
Business update - Web Site
Change of Director`s Interest Notice - Web Site
Bibblewindi Multi-lateral Well Spudded - Web Site
Update on Block SL-4 - Web Site
Trading Halt - Web Site
Company Update - Yalgoo Iron Project - Web Site
Change of Director`s Interest Notice - Web Site
Change of Director`s Interest Notice - Web Site
Shareholders Ratify Merger with Australian Bulk Minerals - Web Site
Change of Director`s Interest Notice - Web Site
Appointment of Corporate Advisers - Web Site
Change of Director`s Interest Notice - Web Site
Appendix 3E - Web Site
Change of Director`s Interest Notice - Web Site
Tampakan Update - Web Site
Appendix 3B - Web Site
Change of Registered Office Address and Company Secretary - Web Site
Appendix 3B - Web Site
Company Update Presentation - Web Site
Change in substantial holding - Lion Slection Limited - Web Site
Change in substantial holding - Web Site
Change in substantial holding - Web Site
Initial Director`s Interest Notice - Web Site
Change in substantial holding - Web Site
Appendix 3Y - BJF - Web Site
Appendix 3Y - RR - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Puffin 12 Update - Web Site
Change in substantial holding - Web Site
Appendix 3Y Notice - Web Site
Appendix 3B Options - Web Site
Appendix 3E Daily Share Buy Back Notice - Web Site
Notice to Option Holders - Web Site
Appendix 3B - Employee Option Plan - Web Site
Becoming a substantial holder - Web Site
Appendix 3Y - Web Site
Change of Director`s Interest Notice x 4 - Web Site
Change of Director`s Interest Notices x 3 - 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
Non-Renounceable Rights Issue Cleansing Notice - Web Site
Appointment of Alternate Director - Web Site
Appendix 3B - Web Site
Change of Director`s Interest Notice - Web Site
Notice of ceasing to be a substantial holder - Web Site
Harriet Joint Venture Resumes Gas Production - Web Site
Sale of Coogee Gold Deposit - Web Site
Appendix 3B - Web Site
Becoming a substantial holder - Web Site
Appendix 3B - Employee Share Plans - Web Site
Zedex - Half Yearly Report and Accounts - Web Site
|
Friday 12 December 2008 (Close of Business - New York)
|
||||||||
| All Ords | 3452.5 | -81.7 | Dow Jones | 8629.68 | +64.59 | |||
| ASX100 | 2897.8 | -71.5 | S&P 500 | 879.73 | +6.14 | |||
| ASX200 | 3510.4 | -87.6 | Nasdaq | 1540.72 | +32.84 | |||
| ASX300 | 3491.1 | -85.4 | NYSE Volume ('000) | 6,029,390 | ||||
| Materials (Sector) | 8101.1 | -308.6 | US 10-Year Bond | 2.589% | -0.059 | |||
| All Ords Gold (Sub Industry) | 4111.3 | +133.3 | CBOE Volatility Index (VIX) | 54.28 | -1.50 | |||
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| Energy (Sector) | 11,924.4 | -169.8 | Silver - spot/oz | US$10.24 | -0.07 | |||
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