Canada beckons for Crusader
January 25 - 31, 2012
A CANADIAN listing for the Brazil-focused Crusader Resources looks an obvious scenario in the not too distant future as the company closes in on development of the Borborema gold project. All things being equal, an uplift in market value might then be expected based on the performance of Crusader’s TSX peers active in Brazil.
A golden path to Dubbo development
December 15 - 21, 2011
JUST over 40 years after the company was listed on the Australian Securities Exchange, Goldman Sachs has decided the time is right to initiate coverage of gold and, more specifically, zirconia/rare earths-developer Alkane Resources. With zircon pricing strong and moves afoot around the world in the rare earths sphere, the timing is unsurprising.
Money’s almost too tight to mention
December 15 - 21, 2011
DESPITE a fall in lending levels and the cancellation of an unprecedented number of IPOs, keynote speakers at Mines & Money in London last week said that money was still available for good companies able to communicate their investment case and prepared to spend the necessary time on the financing process.
Copper deficit a fixture for the future
December 15 - 21, 2011
COPPER will almost certainly go into surplus for the first time in many years but the lack of significant discoveries and the challenges faced by today’s developers mean that a brief period of over-supply will be followed by another prolonged period of deficit.
Terramin view expected to become clearer
December 15 - 21, 2011
TRYING to decipher the inner workings of Terramin Zinc is a rather fruitless undertaking, but shareholders will perhaps be getting some optimism with the noises emanating from the company’s office high above King William Street in Adelaide’s CBD.
Kagara opts for safety first
December 15 - 21, 2011
IT WAS not in the script and all things being equal the market may not cut Geoff Day and his board and management a great deal of slack from here on in, but Kagara’s $A25 million raising looks a completely justifiable and wise reaction to highly uncertain macro circumstances.
Sector set for new round of fusion
December 8 - 14, 2011
WITH uranium junior Hathor Exploration chomped and a stretched balance sheet leading BMO to consider Paladin Energy as a possible change of ownership candidate, CGNPC has lobbed a bid for Kalahari Minerals. It is all happening in the world of uranium.
Taking a shine to tin
December 8 - 14, 2011
TIN hopefuls such as Kasbah Resources and established miner Metals X will be among those to be likely mightily cheered by recent metal price forecasts from the ITRI, a tin industry body, and investment bank BNP Paribas.
Ditching the Straits-jacket
December 8 - 14, 2011
WHEN Milan Jerkovic says the various versions of Straits have, over the years, returned $A750 million cash directly into the hands of shareholders, a rare track record in the mid-tier mining sector is established. And as of this week, the latest chapter has begun.
Good for business
December 8 - 14, 2011
A COMPREHENSIVE assessment of 13 mid-tier Australian miners and explorers active ‘off the beaten track’ internationally suggests the businesses are more or less conducting themselves in an appropriate, ethical manner that is positive for the communities in which they operate. That’s good news on the investment front.
Market’s ups and downs weigh on Phillips River
December 1 - 7, 2011
TOUGH macro days are continuing for potential gold and base metal miner Phillips River Mining with the weakening copper price the latest issue impacting development of the company’s namesake project in the south-east of Western Australia.
Toronto a natural second home for Troy
November 24 - 30, 2011
TROY Resources has gathered some strong market momentum since the nadir of the GFC back in late 2008 and with its operations performing well, the opening of an office in Toronto and its return onto the M&A circuit should help maintain the love.
Buy or build?
November 24 - 30, 2011
NOVEMBER 29: IT IS hardly a new theme, but Royal Bank of Scotland contends M&A should definitely be a force given cashed up, ambitious miners and collapsed equity prices. The suggestion is, why bother building when you can buy for less?
Dividend is not a four-letter word
November 24 - 30, 2011
PAYING a dividend is not something mining companies are famous for. If anything, they’re infamous for not paying dividends. This has long been the accepted practice within the industry but, according to a team of London mining analysts, it is a mistake.
Borshoff looks to bury tough year
November 17 - 23, 2011
JOHN Borshoff looks on the verge of finally having the operational numbers needed to significantly boost the credibility of the company he heads, Paladin Energy, with the increased threat that a bid for the uranium miner could also ensue – assuming Paladin’s uranium assets are everything they are trumped up to be, and that others agree with the much stronger uranium price Borshoff sees as needed to sustain the nuclear industry.
Panoramic boss sees better times ahead
November 17 - 23, 2011
WITH a pile of cash, operating nickel mines, a gold development project, a great track record, and “the best team builder” outgoing 78 year-old chairman Chris De Guingand has ever met being at the helm (in the form of Peter Harold), Panoramic Resources should be able to look toward the horizon with confidence.
The high price of failure
November 17 - 23, 2011
NOVEMBER 15: A SENIOR Barrick Gold executive, speaking as a university lecturer at an Australian mining conference, has suggested cost overruns that have plagued the industry for three decades will continue because key lessons have not been learned. The depth of the global skills pool won’t help the cause.
A sparkle in the eye
November 10 - 16, 2011
DIAMONDS have generally not been an investor’s best friend over the years but one can almost see the dust being brushed off and the old exploration and project data relating to the sought after-precious stone being closely examined by entrepreneurs and corporate types sniffing an opportunity after Anglo American’s De Beers transaction last week.
Mungana still has hoops to go through
November 10 - 16, 2011
LOTS of hurdles still to be jumped and until they are all successfully navigated, it is difficult to imagine how anyone could get too excited about Mungana Goldmines given the structural constraints it is labouring under.
Sipa deal the right one, says chief
November 3 - 9, 2011
ANTOFAGASTA looks to have got a good deal out of Sipa Resources though the junior’s managing director Mike Doepel reckons it’s definitely not all one way traffic in favour of the major, as well as also pointing out the transaction was originally concocted in tougher times.
