Hughes’ positioning as an essential service provider in the production process of operating mines largely shields it from the problems faced by other service providers with business models focused on the exploration, development or construction phases of new mines.
The start-up of gas sales from SRH-5H horizontal well adds to the cash flow from Golden Gate’s existing vertical wells in the Permian Project. This is set to rise further once oil production hits a level that allows the company to establish a long term producing base.
With a 6.2% fully-franked dividend, E&A Limited has recently been capturing investor attention as the stock has risen 58% since start of 2013 - a star perfomer with a yield. Stephen Young, executive-chairman, will present the full story at "Stars in 2013" in Sydney. Attendance if free but you must be registered for the Forum to gain entry.
U.S. stocks plunged at the open with the Dow off 127 points at one stage, before investors hit the buy button as concerns eased about the Fed curtailing its bond buying program, with the Dow then jumping 41 points into the green. June gold was up 1.8% to US$1391 an ounce. In the pre-open markets, the Dow-mini is off 31 to 15,289. The ASX SPI is up 16 at 5086.
The addition of leading domestic and international express delivery company TNT Express to its growing A.D.A.M. Parcel Locker Network gives TZ a giant step forward. It is in a strong position to take on Australia Post and overtake it in the parcel distribution and online logistics business given TZ's "agnostic" delivery platform.
The formation of a strategic partnership agreement with China Real Estate Association has the potential to improve ASG Group’s position in the property sector while increasing its exposure in China.
Peak Resources is on track to become the next major rare earth supplier from the Ngualla project in Tanzania. The company has produced two refined rare earth products at ANSTO Minerals - which importantly are in saleable form and available for evaluation by target customers.
The current resource at Hollandaire could add a copper, gold and silver concentrate revenue stream to the Murchison gold project, thereby reducing all-in-sustaining cash costs at the gold operation.
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.
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.
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.
The award of WA-485-P locks in a potential extension of the M.australis horizon oil play that IPB Petroleum plans to test in mid-July. Success will add to the prospectivity and value of the new permit.
"TZ Limited has added TNT Express to its fast growing A.D.A.M. parcel locker logistics network in Australia. Initial locations in eastern Australia will see the roll out of A.D.A.M. for consumers with online purchases."
"In a tough macro period for gold companies, the more than doubling in size of the Deflector corridor and strike length in WA for Mutiny Gold is an achievement and provides a signal as to just how large the Gullewa gold project could become. "
"The upcoming Pyderi exploration well that IPB Petroleum is drilling will, if successful, prove up the oil prospect in its existing permit and increase the prospectivity and value of the newly awarded permit."