Posts by Business Spectator:

Lynas cashflow positive in weak market

Australian rare earths miner Lynas Corporation has managed to log positive free cashflow for the third straight quarter, despite difficult market conditions in which prices dropped to historic lows.

Gold firms as global equities rise

Gold has firmed as stock markets rose towards two-year highs on political moves to break a budget impasse in the United States and the euro steadied as the first euro zone finance ministers' meeting of the year got underway. Expectations that the Bank ...

Gold futures ease in wake of EU crisis plan

Gold futures have eased as investors weighed whether the European Union's latest crisis-fighting plan would soon ease the pressure on the bloc's banking system. Gold futures had surged along with the euro and other commodities, rising 3.5 per cent afte...

Viterra shareholders back Glencore takeover bid

The largest agricultural sector deal in years has taken one step closer to completion, as shareholders of Canadian grain handler Viterra Inc have voted strongly in favour of a friendly takeover offer by Swiss commodities trader Glencore International Plc.

WA premier slams mining tax

West Australian Premier Colin Barnett has slammed the federal government's mining tax, calling it discriminatory and an example of the commonwealth trying to hold back the advance of his state.

Linc denies sale of Teresa coal asset

Linc Energy Ltd has dismissed media speculation that is has found a buyer for its Teresa coal settlement in Queensland, stating that it has not entered in to any binding deals on the asset. Linc shares soared over 20 per cent late last week, amid media...

Australian Mines signs Mt Martin gold mine sale

Australian Mines Ltd announced a binding Tenement Purchase Agreement has now been executed for the acquisition of the Mt Martin Gold Mine and its associated leases by HBJ Minerals Pty Ltd, a wholly owned subsidiary of Alacer Gold Corp.

Perseus Mining progresses Edikan gold mine start up

Perseus Mining Ltd in an update on commissioning at its Edikan gold mine in Ghana said the process plant is currently achieving increasing rates of utilisation (87%) and mill throughput rates have recently been tested to 730t/hr for short periods on fresh/transition ore blends.