Uranium One Completes Australian Joint Venture Transactions with Mitsui

Uranium One Inc. and Mitsui & Co., Ltd. of Japan announced that all regulatory approvals required to close the joint venture transactions previously announced on October 15, 2008 have been obtained. Mitsui has now acquired a 49% interest in the Honeymoon project and Uranium One’s Australian exploration portfolio including the Goulds Dam and Billeroo projects, and other prospective tenements... 

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Uranium One Establishes Australian Joint Ventures with Mitsui

Uranium One Inc. announced that it has reached agreement with Mitsui & Co., Ltd. of Japan to create joint ventures in relation to the Australian assets of Uranium One. Under the agreement, Mitsui will acquire a 49% interest in the Honeymoon project and the company’s Australian exploration portfolio. This includes the Goulds Dam and Billeroo projects, as well as other prospective tenements... 

South Australia is recording its highest ever level of mining exploration

The Department of Primary Industries and Resources has announced 11 new applications for exploration licences around the state, including one for uranium near Tumby Bay on Eyre Peninsula. Mineral Resources Development Minister Paul Holloway says the mining industry is now worth $110 million to the state every year. “As resources are discovered then they will in the long-term lead to the development... 

Iron ore site does deal before

ADELAIDE company Centrex Metals has locked in sales of about half the potential production from its Wilgerup iron ore project on Eyre Peninsula before even listing on the stock exchange. It’s due to list today, after announcing yesterday it had signed an in-principle supply deal with Chinese company Shenyang Orient and Steel for $390 million worth of iron ore over five years, calculated at current... 

Centrex Metals to begin drilling

Iron ore development company Centrex Metals Ltd plans to begin its drilling programs immediately after raising more than $8 million in an initial public offer (IPO). The Adelaide-based company, which has already expended over $2.3 million to take its Eyre Peninsula projects to an advanced exploration stage, said it will develop a new suite of projects in the area. “This is a strong result that...