China’s largest nickel producer, Jinchuan Group Ltd, has taken a 11 per cent equity stake in Perth-headquartered nickel explorer and producer Fox Resources Ltd.
The news sent Fox shares north, up 15 cents, or 30.93 per cent, to 63.5 cents at 1229 AEDT on Monday.
Jinchuan secured statutory approvals from the Chinese Government and the Provincial Government [...]

ZINIFEX Ltd has prevailed with its $790 million, three-month takeover battle for Allegiance Mining NL, announcing it has gained control of the nickel miner.
Lead and zinc miner Zinifex, which was born from the ashes of the failed Pasminco Ltd, said it had increased its stake in Allegiance to 51.1 per cent from 44.78 per cent [...]

Zinifex, an Australian mining company that specializes in zinc and lead, agreed to be acquired by Oxiana, one of the largest mining companies in Australia, for 6 billion Australian dollars ($5.6 billion). The deal, which requires shareholder approval, comes after a year of discussions, the companies said. Oxiana agreed to pay 3.1931 of its shares [...]

Overview Highlights
Production on target at all mining operations.
Extensive new mineralisation discovered at both Prominent Hill and Golden Grove.
Sepon Operation of the Year.
Oxiana bids for Agincourt Resources Ltd.
Sepon Copper First full year of copper cathode production at Sepon completed, with production of 60,803t as planned.
Feasibility studies for the Sepon copper expansion advanced well with some early [...]

Pan Australian Resources Ltd. , which is developing a copper, gold and silver mine in the southeast Asian country of Laos, said construction work was running about three months ahead of schedule.
The mine is now expected to start production of concentrate from its Phu Kham lode in the first quarter of calendar 2008, compared with [...]

Sydney shares closed in the negative territory on lower oil, gold and base metal prices. Mining stocks declined. The benchmark S&P/ASX 200 index slipped 12.8 points or 0.2% to 5,572.0. Out of the 201 stocks traded, 115 stocks declined, 68 advanced and 18 closed flat. Turnover was A$4.03 billion on a volume of 466.65 million [...]

Australian miner Oxiana Ltd. said on Thursday it had received positive results from exploration drilling at two projects.
“Initial results received from near mine exploration drilling at Oxiana’s Prominent Hill Project in South Australia and Golden Grove operations in Western Australia have highlighted potential expansions to resources at both sites,” the company said in a statement.

Sydney shares closed higher with the S&P/ASX 200 index touching a high of 5,575.4, up 2.3 points or 0.04% beating Thursday’s record of 5,573.1. The market rose following the gains on the Wall Street. Energy companies and big miners led the gains. Gains were limited as investors awaited the U.S. inflation data and other economic [...]

Australia-listed Ord River Resources ORD.AX said on Monday it had discovered potentially large bauxite deposits in Laos, a country little known for its mining industry.
ORD said it had an agreement to develop a mine in the Bolaven Plateau in southern Laos in partnership with China Non-ferrous Metals International Mining Co. Ltd. (CNMIM), a government-run [...]

Oxiana’s Prominent Hill gold and copper mine looks set to create a surge in business for airports and petrol stations in Coober Pedy, Port Augusta and other regional centres in South Australia.
The company says it could have up to 300 people working at the mine by the end of the year, but it will not [...]