November 2011
Afternoon resources round-up
Stanmore Coal, CuDeco, OM Holdings, Pluton Resources, Beadell Resources, DWS Advanced Business Solutions, Dampier Gold, China Magnesium Corporation, Eagle Nickel, MEO Australia, Cue Energy Resources, Austin Exploration, GBM Gold
November 2010
China Magnesium beats forecast price
China Magnesium Corp sold 126 tonnes of pure magnesium ingot previously held in stock at more than a 10 per cent premium to the pure magnesium sale price stated in its prospectus for the recent initial public offering.
October 2010
Bathurst puzzled by Galilee snub
A $30 million takeover bid from Bathurst Resources for Galilee Energy’s looming New Zealand coal spin-off Eastern Resources was rejected by Galilee earlier this week.
- Updated
- NABILA AHMED AND SARAH THOMPSON
September 2010
China Magnesium launches $12m IPO
Queensland-based China Magnesium Corp has launched a $12 million initial public offering to help bring a magnesium plant in China back into production as demand for the commodity grows.
- Updated
- Yvonne Ball
April 2000
Long hard road to the Powell and the glory
Comalco's decision this week to choose Queensland for a $1.4 billion alumina refinery was the culmination of several years of tough negotiations, writes Garry West.
- Garry West.
It's a gas: Comalco opts for Gladstone
The $5 billion-plus project to pump natural gas from Papua New Guinea to Australia via a pipeline received a big boost yesterday when Comalco Ltd selected Queensland as the preferred site of a $1.4 billion alumina refinery.
- Garry West
March 2000
Comalco delays refinery decision
Aluminium producer Comalco Ltd has postponed a decision on whether to build a $1.4 billion alumina refinery in Australia by another week as it finalises back-up plans in case gas is unavailable from Papua New Guinea.
- Garry West
September 1999
Comalco deal adds heat to gas rivalry
Comalco Ltd yesterday maintained pressure on the Papua New Guinea Gas Project participants over the supply of gas for its proposed $1.4 billion alumina refinery in the Queensland city of Gladstone by clinching an agreement for gas supplies to a rival
- Garry West
July 1999
Aluminium slump eats at Comalco earnings
Comalco Ltd's commitment to the location of a new $1 billion alumina refinery is at least six months away with the company to complete a feasibility study comparing competing sites in Malaysia and Queensland.
- Ian Howarth and RESOURCES EDITOR
Comalco venture to centre on Weipa
Australian production of kaolin, an essential ingredient in the production of high quality paper, could be rejuvenated after a deal struck between Comalco Ltd and a US/Japan consortium.
- Bruce Hextall
June 1999
Customers start to line up for PNG gas
The push to secure base load natural gas customers for the $US3.5 billion ($5.3 billion) Papua New Guinea to Queensland gas pipeline has intensified with a series of commitments expected to be signed with customers early next month.
- Ian Howarth and Resources Editor
April 1999
Comalco reveals its Qld gas option
Comalco Ltd, unhappy at being pressured in the high-stakes poker game over gas supplies to Queensland, yesterday played a new hand by revealing it had been negotiating to take gas from Queensland rather than Papua New Guinea.
- Garry West
Aluminium prices to cut profits
Comalco Ltd yesterday foreshadowed a lower profit due to softer aluminium prices if prices and exchange rates remain at present levels.
- Garry West
Exxon move puts the pressure on Comalco
The $5 billion Papua New Guinea to Queensland gas pipeline project has overcome one of its biggest hurdles by securing sufficient gas reserves to underpin any long-term gas contract likely to be available in the Queensland market.
- Ian Howarth - Resources Editor
Price still a worry
The announcement that gas reserves were in place in Papua New Guinea to underpin long-term sales contracts in Queensland was cautiously welcomed yesterday by Comalco, other potential customers and analysts.
- By Garry West
February 1999
Comalco pushes profit up 7pc
Comalco Ltd hopes to maintain the new markets it carved out last year which helped propel it to a strong $236.1 million net profit in 1998.
- Bruce Hextall
January 1999
$100m lure hinges on talks
The Federal Government yesterday increased pressure on Chevron Corp and Comalco Ltd to reach an agreement on supplies from the $2.1 billion Papua New Guinea-to-Queensland gas pipeline by pledging support of more than $100 million for an alumina refinery in the State.
- Garry West and George Lekakis
December 1998
$5.5bn gas project `to boost' PNG
The planned $US3.5 billion ($5.5 billion) Papua New Guinea gas pipeline is shaping up to be the only bright spot on the horizon for PNG's resources sector, which is threatened by a plunge in metal and oil prices and fiscal instability.
- Bruce Hextall
November 1998
Comalco denies PNG pipeline delay
The verbal stoush over the $2.1 billion Papua New Guinea to Queensland gas pipeline has continued with Comalco Ltd strongly rejecting suggestions it was delaying the project.
- Garry West