Whitehaven Coal ups its exploration capability with Geobank

Minas Rio.

"At current exchange rates, each US$1 change in the price of a barrel of oil has an approximate $5 million effect on our operating costs."

In a bear market for junior miners, exploration capital can be hard to come by.

Glencore has slashed spending for this year by up to $US1.4 billion amid a rout in commodity prices, and will spin-off its stake in the unwanted South African platinum producer Lonmin inherited in its merger with Xstrata two years ago.

"We know that climate change is real."

Total of five executed.

These reports today should be a loud warning for any investors and financier.

“Its use of offshore, low-tax jurisdictions in relation to its Australian operations, and the apparent uncertainty about ownership of the Abbot Point Port lease, raise questions about the ability of the public to scrutinize a project of such huge economic and environmental significance.”

If a junior mining company is in a dire enough situation, they may hit the “reset” button and rollback their stock.