MINOTAUR Exploration is looking forward to drill testing targets in the Gawler Craton generated by deep-rooted plant geochemistry, a technique that it’s hoping could prove a big breakthrough for exploration of the sand-covered province. It’s also one of a number of exploration programs being finalised by one of Australia’s better credentialed explorers.
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MORE proof of the dearth of promising gold stories located in Australia can be found in recent analysis of the Australian junior gold sector that listed Medusa Mining and OceanaGold as the two preferred stocks in terms of market potential. However, others might query whether the analysis was a tad limited in scope.
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WHEN Ironbark’s youthful managing director Jonathon Downes says he has “absolutely no doubt” that the Citronen zinc project will be developed and that it will be producing for the “rest of his natural life”, one gets a fair idea of both how good and how big this project in Greenland is.
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JOHN Seton is intent on making up for lost time, and with the newly merged Olympus Pacific Minerals he chairs already in production and with a road mapped out to reach 300,000 ounces per annum in Southeast Asia by 2014, he should be able to make good time. Especially given the extremely lacklustre multiples currently being accorded the Canadian and Australian-listed company.
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HUGH Bresser, the managing director of zinc hopeful Overland Resources, is expecting significant market interest in the company he heads once the news flow increases following a $A6 million capital raising.
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GOLD and rare earths were among the commodities getting the ticks at Indaba while those in the uranium sector may have to bunker down for a couple of years and those with iron ore dreams should enjoy the good times while they last.
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WE’RE growing fast and we’re heading to Australasia. That’s the message from managing director of Scott Wilson’s dynamic mining arm, Graham Clow, who is setting out to bolster the division’s presence in Asia and Australia backed by the handsome purse of the wider Scott Wilson group.
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COMPANY results for the first half of the current fiscal year might give a clearer picture of the aftermath of the 2008 global financial meltdown, and in particular the mining investment slump in the first half of 2009. But they won’t erase some glowing growth stories from FY09 – headed by a New South Wales longwall equipment supplier.
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A QUICK look at the 80 leaders in HighGrade’s 2010 Australian mining technology and service sector survey.
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SOFTWARE house Gemcom Software International has welcomed Canadian Eric Palmer back home as its new CFO, and elevated Ben Farquharson to the position of Minex business unit director.
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PERU’S leading publicly listed precious metals miner Compañía de Minas Buenaventura has opted for Australian underground mine Wi-Fi communications technology for its main gold operation in southern Peru. The deal is significant for the supplier, Mine Site Technologies, because it potentially opens up the South American mining market to the newer technology.
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