Proactiveinvestors Australia

ARTICLES

• Wednesday, March 12, 2014
  Cott Oil and Gas commences Floating LNG study for Pandora Gas Field
  

  Wison Offshore and Marine has been engaged to deliver a concept study for a floating liquefied natural gas vessel suitable for its Pandora Gas Field offshore Papua New Guinea that has a 792 billion cubic feet resource. This will pave the way for the PRL 38 joint venture to commence pre-Front End Engineering and Design.

• Wednesday, March 12, 2014
  Peninsula Energy notches increase in Karoo uranium resource, South Africa
  

  The overall 13% increase in Resources at Peninsula Energy’s Karoo Projects to 56.9 million pounds grading 1,108ppm eU3O8 has improved the project’s economics. The focus is now on completing the pre-feasibility study and completing further delineation drilling.

• Wednesday, March 12, 2014
  U.S. equities lower; China, Ukraine add to worries
  

  Wall Street was lower on Tuesday as global concerns impacted stocks. Investors are concerned over China’s economy while also worried how the Ukraine / Russia situation will evolve. A benefit of the concern was gold which jumped back to $1350 an ounce. The ASX SPI 20 is off 25 points to 5390.

• Tuesday, March 11, 2014
  Minerals Corporation closes cloud computing acquisition
  

  MSC has now executed “Definitive Agreements” for the acquisition of PRM Cloud Solutions, positioning itself to tap the rapidly expanding Australian cloud computing market which is estimated to be worth US$882.4M in 2012 and is expected to reach US$3.33B in 2016. MSC has appointed a broker for the re-compliance prospectus issue.

• Tuesday, March 11, 2014
  International Coal joins WICET coal terminal consortium near Gladstone
  

  Joining the WICET consortium gives International Coal increased access to information on access availability and progress at the Wiggins Island Export Terminal near Gladstone, which could provide over 80Mtpa in additional export coal capacity. This provides an export option for its Bundaberg and Consuelo projects.

• Monday, March 10, 2014
  Kibaran Resources to upgrade graphite resource at Epanko, Tanzania
  

  Drilling at its Epanko graphite deposit should allow Kibaran Resources to upgrade the existing Inferred Resource of 14.9 million tonnes at 10.5% total graphitic carbon to the Indicated and Measured categories, allowing it to report its 2013 Scoping Study findings.

• Monday, March 10, 2014
  Gunson Resources fast tracks Mount Gunson, JV at Coburn mineral sands
  

  Gunson Resources is a multi-commodity developer that aims to mine the Coburn heavy sands deposit in Western Australia, and has formally launched a farm-in with Terrace Mining to study the feasibility of producing copper, silver, and cobalt metal from shallow deposits at Mount Gunson in South Australia.

• Monday, March 10, 2014
  Peninsula Energy gains $5M investment from JP Morgan Asset Management
  

  Besides adding leading global asset manager JP Morgan to its share registry, the $5 million share placement allows Peninsula Energy to progress ongoing construction activities at its Lance Uranium Projects in Wyoming as well as feasibility studies at the Karoo Projects in South Africa.

• Friday, March 07, 2014
  Syrah Resources signs graphite offtake MoU with Chinalco
  

  Syrah Resources' shares have risen 11.38% today after reaching a Memorandum of Understanding with Chalieco, a member of the Chinalco Group, for the offtake 80,000 tonnes to 100,000 tonnes of graphite, nearly half the forecast first year production of 220,000 tonnes from its Balama Graphite Project in Mozambique. The company expects further offtake developments in the coming months.

• Friday, March 07, 2014
  Uranium stocks worth a closer look
  

  With China approving six nuclear power facilities and the Japanese government pushing to restart 10 of its nuclear reactors, there is potential for the valuations of ASX-listed uranium stocks to grow - significantly in 2014/15.

• Friday, March 07, 2014
  Liquefied Natural Gas lands export approval for full MLNG capacity
  

  With its Magnolia LNG project in Louisiana now authorised by the U.S. Department of Energy to export its full 8 million tonne per annum LNG production to Free Trade Agreement countries, Liquefied Natural Gas is now focused on securing binding long-term tolling agreements and submitting its application to the Federal Energy Regulatory Commission for full filing status.

• Friday, March 07, 2014
  MRL Corporation targets graphite production in Sri Lanka by 2015
  

  MRL Corporation has established “first mover” status in southern Sri Lanka with four highly prospective vein graphite development projects. The company is establishing a major tenement position within the country which is globally renowned for its unique vein style graphitic mineralisation. Production potential in 2015.