China signs to build FMG’s iron ore railway in the Pilbara (26 Aug 04)
China Railway Engineering Corporation (CREC) has executed a binding agreement to build and finance the railway component of Fortescue Metals Group Ltd’s $1.85 billion Pilbara iron ore project.
Fortescue Metals said it had signed the Build and Transfer (BT) contract in Beijing with CREC, which is al...
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Green light to $1.8 billion Pilbara iron ore and infrastructure project (26 Aug 04)
State Development Minister Clive Brown has received Cabinet approval to negotiate two state agreements with the Fortescue Metals Group (FMG) to facilitate development of the $1.8 billion Pilbara iron ore and infrastructure project.
The agreements facilitate the development of multi-user rail and po...
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Go-ahead for Jubilee Mines Cosmos Deep development (26 Aug 04)
Jubilee Mines NL has announced the go-ahead for development of an exploration decline from the Cosmos Deeps underground mine to the ‘1200’ high grade nickel sulphide zone. This will enable accelerated delineation of this zone and the adjacent disseminated nickel sulphide orebody at Anomaly 1.
The c...
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Fox acquisition of royalty (26 Aug 04)
Fox Resources Limited has agreed to acquire the existing 10 per cent Net Profit Interest (NPI) life of mine royalty, which relates to the key mining leases including the Radio Hill mine. The acquisition of the royalty removes a significant financial encumbrance over the tenements.
This acquisition ...
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Encouraging nickel results at East Alpha (26 Aug 04)
Reliance Mining Ltd has announced strong mineralisation in its recently completed surface drilling program at East Alpha, Kambalda. Reliance commenced the drilling program in November 2003 to generate resources prior to making a development decision later this year.
East Alpha is interpreted to be...
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Increase in Gold Resources at the Indee Gold Project (26 Aug 04)
Range River Gold has announced a revised JORC compliant resource estimate of 451,000 contained gold ounces at the Indee Gold Project.
Based on a resource model and associated data prepared by the company, Snowden Mining Industry Consultants (in a Preliminary Estimates report) have provided a total...
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Extended gold zone indicated at Wattle Dam Project (26 Aug 04)
Ramelius has completed a second round of reverse circulation drilling totalling 1,702m in 23 holes at its 7800N prospect at Wattle Dam project at Spargoville, approximately 50 km south-east of Coolgardie. This drilling was to extend the drilling coverage along strike to the north and south and to de...
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Paulsens Mining Reserve declared (26 Aug 04)
Detailed mine planning at Paulsens Mining Reserve has established a Mining Reserve of 1,202,000 tonnes at 10.66 g/t – containing 412,100 ounces of gold.
The reserve is based on the Indicated Resource above 900 mRL (300m below the surface) and under Joint Ore Reserves Committee guidelines is classif...
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Westonia increases ore reserves (26 Aug 04)
In its June Quarterly Report, Westonia Mining announced increases in the estimates of global resources and of contained reserve ounces in the pit used in its Bankable Feasibility Study (BFS). Those improvements were due to a recognition that earlier assaying methods had under-represented the gold gr...
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Pooncarie Project development program approved (26 Aug 04)
BeMaX Resources NL has approved a development program for the construction and operation of its Pooncarie Project incorporating the Ginkgo deposit in the Murray Basin. The development program will focus on the recovery of high value zircon and rutile resources as well as leucoxene over the 15-year p...
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Bow River exploration tenement granted (26 Aug 04)
Conquest Mining Limited advised that the Department of Industry and Resources has granted the company’s exploration license E80/3226 surrounding the M&M Gravels prospect.
E80/3226 includes gravel terraces potentially sourced from the Argyle diamond deposit. Native Title restrictions have preve...
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ChevronTexaco announces significant natural gas discovery in Australia (26 Aug 04)
ChevronTexaco Corporation has announced a significant natural gas discovery at its Wheatstone-1 well, located offshore of Dampier, WA.
A production test on the well, in retention lease WA-17-R, established a flow rate of 54 million cubic feet per day, which was constrained by rig equipment.
The ...
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Santos increases offshore Victorian gas interests (26 Aug 04)
Santos Limited announced that it will expand its offshore Victorian gas interests having agreed to increase to 50 per cent its equity interests in both the Patricia Baleen and the Sole gas fields in offshore Victoria.
Santos will obtain from Trinity Gas Resources Pty Ltd (TGR) an additional 30 per ...
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Bidder selected for new remote power stations (26 Aug 04)
Energy Minister Eric Ripper has announced that WA company StateWest Power Pty Ltd has been selected by Western Power as the preferred bidder to build new power stations in five remote towns.
Mr Ripper said new power stations would be built in Marble Bar, Nullagine, Menzies, Laverton and Gascoyne Ju...
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Wesfarmers announces expansion plans (26 Aug 04)
Wesfarmers Limited directors have announced a record net profit of $873.1 million for the year ended 30 June 2004. They have also announced a $45 million Air Liquide plant to service HiSmelt, which is due to be completed in October.
Wesfarmers subsidiary CSBP is currently conducting a feasibility s...
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New radar for Armidale Class Patrol Boats (26 Aug 04)
Defence Minister Robert Hill announced that a $25 million Australian-designed radar identification system will be installed in Australia’s new Armidale class patrol boats – dramatically boosting the Navy’s capability to track down illegal vessels.
Adelaide-based BAE Systems will be contracted to pr...
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The new service is available free of charge to all CCI members and allows you to login via our website and select the topics for which yo...
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REPS Industry Events Calendar: New Events (26 Aug 04)
The following events have been added to the REPS Industry Events Calendar that can be downloaded in the e-mail / on-line version of each REPS newsletter.
Event: The Business of Energy EfficiencyDate: 13-14 September 2004 Venue: The Westin, Sydney Organisers: ...
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