Perth, Australia (ABN Newswire) - In a volatile and sharply weaker iron ore market, Atlas Iron Limited (ASX:AGO) has made a cash surplus from operations of A$70M (2011 - A$164M). During the period, the Company also commenced exports from the Mt Dove mine, started development at the Abydos mine and shipped a record total of 3.34Mt (WMT [...]
Toro Energy is pleased to announce that full legal documentation for an A$12 million convertible debt facility from Macquarie Bank Limited has been finalised. Tranche 1 of the facility, $8 million, is available to be drawn down before 31 March 2013. Tranche 2, $4 million, is available to be drawn down until 30 June 2013, subject to satisfactory [...]
Bauxite Resources is pleased to advise it has commenced a program of work on exploration licence E70/2230 (known as Fortuna), adjacent to the 73.3Mt Felicitas bauxite resource. The bauxite rights to the Fortuna prospect are entirely BRL's while the Felicitas resource forms part of the Company's joint venture with Yankuang Resources Pty Ltd, the [...]
Atlas Iron advises that it will book a non-cash impairment of $258M, net of deferred MRRT and income tax, in its accounts for the six months to 31st December 2012. This follows a review of the carrying value of select undeveloped Horizon 1 and 2 exploration project areas and non-core tenements. The impairment is a consequence of the accounting [...]
ABM Resources is pleased to present its latest updated technical & corporate presentation. The presentation contains recently released resource upgrades for the Old Pirate High-Grade Gold Deposit and the Buccaneer Porphyry Gold Deposit.
Bauxite is pleased to announce the appointment of Mr Peter Canterbury as its new Chief Executive Officer (CEO) and Executive Director. Mr Canterbury joins Bauxite Resources from Sundance Resources Ltd., where he has been the CFO for the past six years. He played a critical role in rebuilding Sundance as acting CEO following the tragic plane crash [...]
Toro Energy wishes to advise that as detailed in the Company's Quarterly Report lodged with the ASX 31 January 2013, Dr Vanessa Guthrie has been appointed as Managing Director of Toro effective 8 February 2013 as part of a planned succession. Mr Greg Hall will step down as Managing Director, but will remain on the Board as a non-executive director.
ABM Resources provides a webcast with Mr Darren Holden, Managing Director titled 'ABM Resources sets out staged approach to gold production'. To view, copy the following details into your web browser:
Equatorial Resources Limited is pleased to release the attached Company Presentation presented by Managing Director and CEO, Mr John Welborn, to the Mining Indaba Conference in Cape Town, South Africa. View the Equatorial Resources presentation at the link below:
Atlas Iron is pleased to announce that its total Pilbara Ore Reserves have increased by 21% to 499Mt, further strengthening the Company's existing operations, near term development projects and its longer-term growth strategy. The upgraded Reserve estimate, which compares with the previously published figure of 30 June 2012, includes a 21% increase [...]
Coalspur Mines is pleased to announce the appointment of Mr. Richard Tremblay to the position of Vice President, Operations. Mr. Tremblay has 22 years of experience in the industry and joins Coalspur from Teck Coal where he was most recently General Manager Business Improvement - Mining and Processing. For the previous six years he was the General [...]