The board of Norton Gold Fields (ASX:NGF) recommends that shareholders accept a A$212 million cash takeover from one of China's largest gold producers, Zijin Mining Group.
There are "growing signs" that Outer Harbour will take precedence over BHP's massive Olympic Dam project and the greenfield Jansen potash venture in Canada.
The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.
Eldorado Gold Corporation ("Eldorado") ("the Company" or "We") (TSX:ELD)(NYSE:EGO)(ASX:EAU) today confirmed its intention to be removed from the official list of the Australian Securities Exchange ("ASX") effective at the close of trading on August 31, 2012 (Sydney time). Eldorado had previously announced on February 24, 2012 that it intended to de-list from the ASX (see news release 12-09).
If the board of the world's largest miner does not make a decision on the giant copper-gold-uranium-silver project in South Australia's outback by 8 December then it would lose all approvals and royalties concessions.
Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.
Australian Prime Minister, Julia Gillard, warned the mining industry that nationals not only want, but also deserve a share of the nation's resources boom and reminded its leaders they don't "own" the minerals of the country.
Australian Miner put together a guide for job seekers of mining positions in Down Under, which includes a total of 456 projects in the construction pipeline.