July 2010
Bendigo Mining and BCD to create mid-tier gold miner
Bendigo Mining and BCD Resources have continued the consolidation in Australia’s gold mining industry by agreeing to merge to create a rare mid-cap gold miner.
- Updated
- Yvonne Ball
BCD union a giant step, says Bendigo
Bendigo Mining is viewing its $162 million merger with BCD Resources as an important step towards becoming a 500,000 ounce a year gold producer.
- Updated
- Luke Forrestal
Bendigo Mining, BCD to tie the knot
Bendigo Mining and BCD Resources are poised to merge in a sign that consolidation activity in Australia’s junior gold sector is again gathering pace.
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- Luke Forrestal
Goldminers about to merge
A merger between two goldminers with interesting histories – BCD and Bendigo Mining – appears to be on the cards.
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- Nabila Ahmed and Sarah Thompson
May 2010
Brief: BCD Resources
BCD Resources has added 66,000 ozs of high grade resources to the Tasmania mine.
September 2009
Panoramic talks up shrinking profit
Panoramic (PAN) Base metals miner Panoramic has reported a net profit of $5
- David Ciampa
February 2009
Mine case shafts Macquarie for $4m
Macquarie Group has taken a bloody nose in its painful relationship with Beaconsfield gold mine in Tasmania as legal costs of a failed defamation action are being estimated to cost the group up to $4 million
- Neil Chenoweth
Briefs
Dalrymple Bay delay Babcock & Brown Infrastructure said completion of the expansion at its Dalrymple Bay Coal Terminal had been delayed by three months to June because of worse than expected weather conditions
- Paul Garvey; Simon Evans; Nabila Ahmed; Michael Smith; Ayesha de Kretser;
August 2008
Minara profit slumps 80pc
Minara Resources (MRE) Australia's second-largest nickel producer has posted an 80 per cent fall in half-year net profit, amid rising costs and a slump in the price of its product. Profit for the six months to June 30 fell to $50.9 million, from $245.9 million recorded in the first half of 2007. Nickel production increased slightly over the same period to 15,022 tonnes. Minara blamed the poor result on escalating cost pressures, particularly higher prices for sulphur and gas, the falling nickel price and appreciating Australian dollar. The company said it would "embark on a period of consolidation" over the next 12 months with a focus on increasing efficiency. Minara shares were unchanged at $1.49 on Thursday. Straits Resources (SRL) The coal producer has announced a 263 per cent increase in profit for the six months to June 2008. Straits posted $US56.4 million ($61.7 million) in profit against $US15.5 million ($17 million) in the first half of 2007. The company said it achieved record coal production of 4.5 million tonnes over the period from its Indonesian mines, keeping the group on track to reach its target of 9 million tonnes of coal this financial year. Chief executive Richard Ong Chui Chat said Straits would concentrate on achieving its production goals, "as well as advancing acquisition opportunities". Shares in the Perth-based company fell 4.4 per cent on Thursday to close at $4.97. Beaconsfield Gold (BCD) The miner has announced a maiden copper resource at its Thursdays Grossan, part of the Stavely project in Western Victoria. The company said that based on the quality of the inferred resource, it would now undertake a conceptual study for an open pit mine at the site. Follow-up drilling of the high-grade primary copper discovery is commencing this week, Beaconsfield said. Shares in the miner closed at 15¢ on Thursday, up 11.5 per cent for the day.
- Patrick Commins
Beaconsfield digs even deeper
Beaconsfield Gold is raising funds for the third time this year, taking the total equity raised in the past six months to nearly $30 million or over half of the company's total market capitalisation of $51 million.
- Jo Clarke
February 2008
Briefs
Mt Gibson ahead 17pc
- Julie-anne Sprague, James Hall, Neil Shoebridge, Simon Evans, Staff reporter, Eli Greenblat and Jo Clarke
Briefs
Warehouse hearing
- Fiona Tyndall; James Hall; Tracy Lee; Sue Mitchell; Simon Evans; Katrina Nicholas
January 2008
Briefs
Mincor buys out View
- Staff reporter, Tracy Lee, Fiona Tyndall, Michael Vaughan, James Hall and Vesna Poljak
September 2007
Bank believed in Beaconsfield
Macquarie Bank executives felt there was a good chance the Tasmanian Beaconsfield Gold Mine would "continue to deliver" while they were attempting to buy $77.5 million in inter-company debt from its operator Allstate Explorations for just $300,000 in 2001, the ACT Supreme Court heard yesterday.
- Steven Scott
Briefs
Inventis eyes design purchase
- Tracy Lee, Paul Garvey, Staff reporter, Nina Wan and Fiona Tyndall
May 2007
Beaconsfield back on track
The dramatic rescue of two miners from the Beaconsfield goldmine last year cost Beaconsfield Gold about $23 million and 100,000 ounces of lost production, but 12 months on the company is getting back on track.
- Michael Vaughan
February 2007
Beaconsfield, Allstate see light at end of the tunnel
Goldminers Beaconsfield Gold and Allstate Explorations have unveiled a proposal that could have Allstate out of administration by the end of the month.
January 2007
Deal may get mine in action again
An outstanding $7.5 million hedging debt with Macquarie Bank is the last major hurdle in Allstate Explorations' quest to emerge from administration and the resumption of production at the troubled Beaconsfield goldmine in Tasmania.
- Michael Vaughan
Beaconsfield to take over mine
Beaconsfield Gold is expected to announce today that it will assume full control of its troubled Tasmanian mine from bankrupt joint-venture partner Allstate Explorations by acquiring $47 million in debt from Macquarie Bank.
- Jo Clarke
Tasmanian goldmine could reopen in March
Beaconsfield Gold expects to resume production at its troubled Tasmanian mine by March.