Mining Investment

Aboriginal communities’ mining information kit is a gem for all mineral industry stakeholders

The newly published Mining Information Kit for Aboriginal Communities should be required reading for any mining stakeholder, institutional or retail investor, NGO, regulator, journalist, hedge fund, student, academic, or any exploration or mining professional who has any interest in or dealings with the international mining industry. While the goal... 

Zambo Peninsulas rich resources draw mining applications

ZAMBOANGA Peninsula’s rich mineral resources continue to lure both foreign and local mining firms to invest in this region. This is the assessment of the Bureau of Mines and Geosciences regional office after it received, at least, 94 large-scale mining applicants this year. Mines and Geosciences Bureau Regional Director Constancio A. Paye, Jr.... 

CuDeco surges after drilling results

SHARES in beleaguered miner CuDeco surged yesterday after drilling results confirmed an 850-metre long mineralised zone at its Rocklands copper project in Queensland. The former Australian Mining Investments said drilling at the wholly owned project in the state’s north-west confirmed the zone at the Las Minerale Prospect and it now planned to... 

Trade group cautions court on mining order

The Federation of Philippine Industries (FPI) has warned that any court order stopping the 30-day test run of the mining operation of Lafayette Philippines in Rapu-Rapu, Albay, may derail the infusion of more foreign mining investments into the country. FPI president Jesus Arranza said the government’s target of raising $122 million in mining... 

Philippines seeks $122 mining investment in 2006

The Philippines aims to lure mostly foreign firms to invest $122 million in mining projects this year, the Mines and Geosciences Bureau said on Tuesday. The targeted investments were on top of the $500 million previously placed by firms in 24 projects since 2005 as part of a programme to revive the local mining industry. Benjamin de Vera, head of the... 

Australian Mining Investments slumps on copper revision

Upstart explorer Australian Mining Investments Ltd. more than halved its resource estimate for a copper discovery in Queensland state on Monday, slicing 50 percent off the value of its shares. The company, which this week changes its name to CuDeco Ltd., had seen its stock rocket to a high of A$10, from 29 cents, in less than two months after an earlier... 

PROSPERITY ENTERES INTO INVESTMENT AND PURCHASE TRANSACTION

Prosperity Resources Limited is pleased to announce it has entered into an attractive transaction with Prufrock Partners Ltd which has invested just under one million dollars in the Company, and provide for the funding of an additional two million US dollars into the Masuparia ‘Contract of Work’, in Central Kalimantan, Indonesia. Prufrock... 

Second stage of mining boom kicking off

If you think the World Cup final tomorrow will be exciting, what about the Australian Mining Investments results later in the morning? Yes, a nation holds its breath, not for soccer, but for the prospect of a second wind to the mining boom. AMI is a tiny copper mining company from Cloncurry, Queensland, the stock price of which has gone from 38¢... 

Australian Gold Mining Stocks Rise, Led by Lihir; Ansell Slumps

Australian gold stocks such as Newcrest Mining Ltd. and Lihir Gold Ltd. rose along with the price of the precious metal after North Korea fired missiles over the Sea of Japan. Ansell Ltd., the world’s biggest maker of surgical gloves, slumped after the company told analysts to cut their earnings forecasts for the second day in a row. The S&P/ASX...