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  • Australia’s All Ords falls 0.6% while miners make gains

    8:01 am

    Australia’s All Ords falls 0.6% while miners make gains

    Recent profit warnings, jitters about high-yield stocks and concerns about the Australian Dollar have led the All Ordinaries to close down 29.2 points, or 0.6%, to 5,156.2. The Shanghai Stock Exchange Composite Index slipped 0.06% to 2,298.62 points while the Dow Mini was up 6 points to 15,335.28. Spot gold hit a high of US$1,402.6 in Asian trading and is currently at US$1391.7.

  • TZ Limited signs Fastway Couriers to A.D.A.M. Parcel Locker System

    2:40 am

    TZ Limited signs Fastway Couriers to A.D.A.M. Parcel Locker System

    Since Mark Bouris and Ken Ting turned TZ Limited around in 2009, to today's teaming agreement with Fastway Couriers for TZ's parcel distribution and logistics network, has not been without a hard slog. With previous partnerships, it could now give TZ a 60% share of parcel deliveries in Australia for its agnostic A.D.A.M. locker system.

  • Kaboko Mining completes key scoping study at Zambian manganese project

    12:36 am

    Kaboko Mining completes key scoping study at Zambian manganese project

    The completed Scoping Study for the Mansa manganese project has demonstrated positive project economics as the project moves closer to production in a matter of weeks. Budgeted costs of delivering a CIF product are between $190 and $210 per tonne, in line with its expectations.

  • Mutiny Gold uses SAM Survey to double strike length of Deflector gold project

    12:25 am

    Mutiny Gold uses SAM Survey to double strike length of Deflector gold project

    The use of Sub-Audio Magnetics, or SAM technology survey has already more than doubled strike length of the mineralised host structure at Deflector, where data indicates a strike length of some 2,350 metres, previously 950 metres in length.

  • Xcite Energy shares advance after Bentley data deal

    Mon 3:50 pm

    Xcite Energy shares advance after Bentley data deal

    A potential partner paying £10mln upfront to find out more about the project could be considered to be a positive step forward, according to Oriel Securities analyst Peter Griffith.

  • UPDATE - Aureus Mining's DFS ups reserves, reduces costs

    Mon 12:36 pm

    UPDATE - Aureus Mining's DFS ups reserves, reduces costs

    The new DFS for Aureus's New Liberty gold mine in Liberia has increased the net present value of the asset, and points to lower operating costs and improved proven plus probable reserves.

  • Xcite bags US$15mln for Bentley Field data

    Mon 8:41 am

    Xcite bags US$15mln for Bentley Field data

    North Sea developer Xcite Energy (LON:XEL, CVE:XEL) will strengthen its already solid financial position with the sale of technical well data from the company’s Bentley Field for £10mln (US$15mln). Once the binding agreement with the unnamed buyer is completed the cash will be added to £20.4mln the group had on the balance sheet at the end of March.

  • U.S. stocks on pace for fourth week of gains; Dow up almost 17% so far this year

    Fri 8:08 pm

    U.S. stocks on pace for fourth week of gains; Dow up almost 17% so far this year

    U.S. markets rose on Friday after positive economic reports that boosted investor sentiment to recover losses from the previous session, with benchmark indexes set to record their fourth straight week of gains and close at another set of record highs.