Troy Resources NL: Appendix 3B can be accessed via
Troy Resources NL advises of the listing of 991,862 Fully Paid Ordinary Shares on the ASX from the conversion of 987,862 Partly Paid Ordinary Shares and the Exercise of 4,000 employee options. For further information please refer to the Appendix 3B which can be accessed via the Troy Website www.try.com.au, “Latest News”.
Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a “qualified person” under National Instrument 43-101 – “Standards of Disclosure for Mineral Projects”, and is a member of the Australasian Institute of Mining and Metallurgy. Read more
Norilsk H1 profit down 84%, beats forecast
MOSCOW – Norilsk Nickel, the world’s largest nickel and palladium miner, said on Monday lower metal prices pushed first-half profit down sharply, but the results beat analyst forecasts.
Net profit attributable to shareholders fell 84percen year-on-year to $419-million, above an average Reuters poll estimate of $349-million.
Norilsk shares were up 2,1percen at 10:10 GMT, having earlier been up 2,5percen, outperforming a 1,2percen increase on the MICEX index. Read more
Sumitomo Mining Sets 201,000t Copper Target
Japan’s second biggest copper smelter, Sumitomo Mining, has set a 201,000t copper production target for the period of October 2009 to March 2010.
The target, which signifies a 0.9% year-on-year decrease, was set by Sumitomo in April, the beginning of the company’s business year.
A company spokesman told Reuters that Sumitomo was maintaining the 7% output curbs initiated early this year. Read more
First Quantum Minerals must restart talks on a $500 million copper project – Minister
The Democratic Republic of Congo (DRC) and First Quantum Minerals must restart talks on a $500 million copper project or risk scaring off future investors, the mines minister of Katanga province said on Friday.
DRC cancelled the Canadian miner’s Kingamyambo Musonoi Tailings (KMT) project in the country’s copper and cobalt heartland Katanga in August as part of a review of 61 mining deals.
Freeport-McMoRan’s giant Tenke Fungurume (TFM) copper mine has also failed to clear the review, and officials from the US-based firm are in Congo with the aim of negotiating a settlement to the protracted contract dispute. Read more
Medusa Mining says latest drilling at Lingig prospect extends mineralisation
Medusa Mining this morning reported that further drilling has continued to locate copper mineralisation at potentially economic grades within a very large copper-anomalous envelope near to its existing Co-O mine in the Philippines.
Drilling on the Lingig prospect, which lies to the north and east of the Co-O mine and millsite, has uncovered mineralisation in two distinct geological settings, including thrust-hosted mineralisation and porphyry associated mineralisation. Read more
Berry’s Executive Vice President Plastics adding sky bridge
The skyline over West Franklin Street west of Oakley Street soon will change when a pedestrian sky bridge is built as part of a $20.9 million expansion project under way by Evansville-headquartered Berry Plastics Corp.Fred Heseman, Berry’s executive vice president/engineering technology, said construction on the bridge is expected to start in about a month and be complete by February. The site is just east of First Avenue.The proposed bridge over Franklin will connect to the second level of Berry’s new 85,500-square-foot manufacturing building addition, currently under construction on the south side of the street. Read more
