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    <title>Proactiveinvestors Australia RSS feed</title>
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    <description>Proactiveinvestors Australia website feed</description>
    <language>en</language>
    <pubDate> Thu, 21 Aug 2008 04:54:43 +1000</pubDate>
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	<item>
      <title>Discovery Metals raises £3.1 million </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/248/discovery-metals-raises-31-million--0248.html</link>
            <description><![CDATA[Discovery Metals (AIM:DME, ASX: DML, BSE: DML) issued 15,934,412 shares at 19.5p (A$0.42) to raise &pound;3.1 million. This issue of shares is the first tranche of a placement to raise &pound;3.82 million (AUD$8.2 million) - before expenses - from institutional and sophisticated investors in Australia and Botswana, as previously announced.]]></description>
             <pubDate>Wed, 20 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/248/discovery-metals-raises-31-million--0248.html</guid>
    </item>
	<item>
      <title>Medusa Mining announces discovery of magnetite-copper-gold porphyry </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/247/medusa-mining-announces-discovery-of-magnetite-copper-gold-porphyry--0247.html</link>
            <description><![CDATA[Medusa Mining, best known for producing gold from the high grade Co-0 Mine in the Philippines, announced that first pass drilling at the Kamarangan Prospect had intersected &ldquo;visible copper and molybdenum&rdquo;. Drilling also intersected massive magnetite with copper and gold mineralisation in the overlying skarn rocks. ]]></description>
             <pubDate>Fri, 15 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/247/medusa-mining-announces-discovery-of-magnetite-copper-gold-porphyry--0247.html</guid>
    </item>
	<item>
      <title>Aura Energy sharpens focus on Sweden’s highly prospective uranium basin</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/246/aura-energy-sharpens-focus-on-swedens-highly-prospective-uranium-basin-0246.html</link>
            <description><![CDATA[There are no doubt that Aura&rsquo;s projects all have the right address for a uranium junior, but Sweden is currently where all the excitement is.&nbsp; Aura has 14 shale-hosted projects in Sweden, and the company&rsquo;s target is to define 100 million pounds of U308.]]></description>
             <pubDate>Thu, 14 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/246/aura-energy-sharpens-focus-on-swedens-highly-prospective-uranium-basin-0246.html</guid>
    </item>
	<item>
      <title>Murchison United receives scoping study for Maroochydore Copper Project</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/245/murchison-united-receives-scoping-study-for-maroochydore-copper-project-0245.html</link>
            <description><![CDATA[It is easy to forget that Murchison United (ASX: MUR, AIM: MUU) does in fact have one interest outside of uranium in West Africa. This morning, the company announced that a scoping study had been completed by its 50% joint venture partner, Aditya Birla Minerals (ASX: ABY) on the Maroochydore Copper Project in Western Australia. &nbsp;]]></description>
             <pubDate>Wed, 13 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/245/murchison-united-receives-scoping-study-for-maroochydore-copper-project-0245.html</guid>
    </item>
	<item>
      <title>Medusa Mining increases gold resource to 0.862 million ounces</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/244/medusa-mining-increases-gold-resource-to-0862-million-ounces-0244.html</link>
            <description><![CDATA[Medusa Mining, the owner and operator of the Co-O Gold Mine in the Philippines, announced a 17% increase in its JORC compliant resources to 0.862 million ounces with an average grade of 10.72 grams per tonne gold.]]></description>
             <pubDate>Tue, 12 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/244/medusa-mining-increases-gold-resource-to-0862-million-ounces-0244.html</guid>
    </item>
	<item>
      <title>Churchill Mining adds heavily experienced technical director </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/243/churchill-mining-adds-heavily-experienced-technical-director--0243.html</link>
            <description><![CDATA[Churchill Mining (AIM: CHL), the coal company rapidly advancing the East Kutai Coal Project in Kalimantan, Indonesia, announced the appointment of John Clayton as Technical Director.]]></description>
             <pubDate>Tue, 12 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/243/churchill-mining-adds-heavily-experienced-technical-director--0243.html</guid>
    </item>
	<item>
      <title>Rusina Mining CEO exercises 3 million options at 16 cents per share </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/242/rusina-mining-ceo-exercises-3-million-options-at-16-cents-per-share--0242.html</link>
            <description><![CDATA[Rusina Mining (ASX:RML, AIM:RMLA), the nickel laterite producer based in the Philippines, announced today that CEO Robert Gregory has exercised 3 million options with a strike price of A$0.164 cents.]]></description>
             <pubDate>Tue, 12 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/242/rusina-mining-ceo-exercises-3-million-options-at-16-cents-per-share--0242.html</guid>
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	<item>
      <title>Thor Mining - seven projects and on the prowl for more</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/241/thor-mining-seven-projects-and-on-the-prowl-for-more-0241.html</link>
            <description><![CDATA[One possible solution for Thor will be to revise the flow sheet to extract magnetite, which represents around 25% of the tonnage projected to pass through the mill.]]></description>
             <pubDate>Tue, 12 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/241/thor-mining-seven-projects-and-on-the-prowl-for-more-0241.html</guid>
    </item>
	<item>
      <title>Tianshan Goldfields renews licences in China</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/240/tianshan-goldfields-renews-licences-in-china-0240.html</link>
            <description><![CDATA[Tianshan Goldfields, which is advancing its 90% owned 2.64 million ounce Gold Mountain Project towards a development decision provided a wide ranging update on activities today.]]></description>
             <pubDate>Mon, 11 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/240/tianshan-goldfields-renews-licences-in-china-0240.html</guid>
    </item>
	<item>
      <title>Murchison United director buys shares </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/239/murchison-united-director-buys-shares--0239.html</link>
            <description><![CDATA[ Glenn Featherby non-executive Chairman of Murchison United acquired 500,000 shares in the company for a total consideration of A$50,275. ]]></description>
             <pubDate>Mon, 11 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/239/murchison-united-director-buys-shares--0239.html</guid>
    </item>
	<item>
      <title> Is Uranium set for a rebound?</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/238/-is-uranium-set-for-a-rebound-0238.html</link>
            <description><![CDATA[The uranium price and uranium equities have been on a roller coaster ride.&nbsp; Shares in the best uranium companies may now be looking cheap. <br />]]></description>
             <pubDate>Fri, 08 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/238/-is-uranium-set-for-a-rebound-0238.html</guid>
    </item>
	<item>
      <title>Discovery Metals extends strike of copper prospect to 18 kilometres</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/237/discovery-metals-extends-strike-of-copper-prospect-to-18-kilometres-0237.html</link>
            <description><![CDATA[Discovery Metals substantially increased the chances of adding more tonnage to the Boseto Copper Project in Botswana after announcing that it had extended the prospective strike length of the Quirinus prospect to 18 kilometres today.]]></description>
             <pubDate>Thu, 07 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/237/discovery-metals-extends-strike-of-copper-prospect-to-18-kilometres-0237.html</guid>
    </item>
	<item>
      <title>Rusina Mining is cashed up and knuckling down </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/236/rusina-mining-is-cashed-up-and-knuckling-down--0236.html</link>
            <description><![CDATA[In the last quarter, three shipments totalling 160,418 wet metric tonnes grading 1.7% nickel, were shipped into the direct ship ore market in China, helping Rusina to boost its cash and receivables balance to A$10 million, from A$7.3 miln a year ago.]]></description>
             <pubDate>Thu, 07 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/236/rusina-mining-is-cashed-up-and-knuckling-down--0236.html</guid>
    </item>
	<item>
      <title> Range Resources oil targets are still there</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/235/-range-resources-oil-targets-are-still-there-0235.html</link>
            <description><![CDATA[The Nogal Basin has abundant oil shows, high porosity reservoirs, several large structures and an excellent regional seal. This information, together with the close proximity to Yemen, has analysts and commentators throwing around seriously big numbers for Puntland]]></description>
             <pubDate>Tue, 05 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/235/-range-resources-oil-targets-are-still-there-0235.html</guid>
    </item>
	<item>
      <title>Tianshan Goldfields share performance and reality decouple</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/234/tianshan-goldfields-share-performance-and-reality-decouple-0234.html</link>
            <description><![CDATA[Tianshan has also confirmed that it is considering Hong Kong. The logic is pretty simple: Hong Kong is awash with cash, and valuations for the companies listed are far higher than comparable enterprises listed in London.]]></description>
             <pubDate>Fri, 01 Aug 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/234/tianshan-goldfields-share-performance-and-reality-decouple-0234.html</guid>
    </item>
	<item>
      <title>Red Rock, Jupiter Mines, Mindax Limited and Pallinghurst Resources - what's the story?</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/233/red-rock-jupiter-mines-mindax-limited-and-pallinghurst-resources-whats-the-story-0233.html</link>
            <description><![CDATA[A number of recent press releases from London listed mining minnow Red Rock Resources about ASX listed Jupiter Mines and Mindax Limited suggest that something is bubbling below the surface]]></description>
             <pubDate>Thu, 31 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/233/red-rock-jupiter-mines-mindax-limited-and-pallinghurst-resources-whats-the-story-0233.html</guid>
    </item>
	<item>
      <title>More bad news for the dollar – this time from sovereign funds</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/232/more-bad-news-for-the-dollar-this-time-from-sovereign-funds-0232.html</link>
            <description><![CDATA[The weak US economy and falling US dollar have prompted sovereign wealth funds to consider reducing their exposure to the US dollar. Both Gulf countries, and China, have already started this process, and the Russian Central Bank has also been gradually reducing its exposure to the US dollar.]]></description>
             <pubDate>Tue, 29 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/232/more-bad-news-for-the-dollar-this-time-from-sovereign-funds-0232.html</guid>
    </item>
	<item>
      <title>Murchison United receives cash placement from Areva</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/231/murchison-united-receives-cash-placement-from-areva-0231.html</link>
            <description><![CDATA[Murchison United (ASX:MUR, AIM:MUU) confirmed this morning that it has completed a placement with French nuclear energy heavyweight Areva. Murchison placed approximately 20 million shares at 13.5 Australian cents per share, raising A$2.7 million, giving Areva a 5% equity interest in the uranium exploration company with interest in West Africa.]]></description>
             <pubDate>Tue, 29 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/231/murchison-united-receives-cash-placement-from-areva-0231.html</guid>
    </item>
	<item>
      <title>Churchill Mining hits thick coal seam south of main thermal coal project zone</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/230/churchill-mining-hits-thick-coal-seam-south-of-main-thermal-coal-project-zone-0230.html</link>
            <description><![CDATA[Churchill Mining (AIM: CHL) rose 5% this morning after announcing additional drill resutls from the East Kutai Coal Project in East Kalimantan, Indonesia. ]]></description>
             <pubDate>Mon, 28 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/230/churchill-mining-hits-thick-coal-seam-south-of-main-thermal-coal-project-zone-0230.html</guid>
    </item>
	<item>
      <title>Medusa Mining reaffirms target of 100,000 ounces of gold production by 2010</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/229/medusa-mining-reaffirms-target-of-100000-ounces-of-gold-production-by-2010-0229.html</link>
            <description><![CDATA[Medusa Mining, the owner and operator of the Co-O Mine in the Philippines confirmed that expansion of the mine towards 100,000 ounces annualised production was still on track for the early 2010.]]></description>
             <pubDate>Fri, 25 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/229/medusa-mining-reaffirms-target-of-100000-ounces-of-gold-production-by-2010-0229.html</guid>
    </item>
	<item>
      <title>Rio Tinto's quarterly performance impresses Fat Prophets</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/228/rio-tintos-quarterly-performance-impresses-fat-prophets-0228.html</link>
            <description><![CDATA[Rio Tinto has recently announced a very encouraging June quarter production report, with quarterly output records from three of its biggest revenue-earners, iron ore, copper and alumina.]]></description>
             <pubDate>Fri, 25 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/228/rio-tintos-quarterly-performance-impresses-fat-prophets-0228.html</guid>
    </item>
	<item>
      <title>Norseman Gold – a step in the right direction</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/227/norseman-gold-a-step-in-the-right-direction-0227.html</link>
            <description><![CDATA[On the production front, Norseman says it produced a total of 21,116 ounces of gold from 102,825 tonnes of material treated &ndash; an 11% increase on the previous quarter and the best quarterly production since the mine was acquired in April 2007]]></description>
             <pubDate>Fri, 25 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/227/norseman-gold-a-step-in-the-right-direction-0227.html</guid>
    </item>
	<item>
      <title>Gippsland and Stellar Resources merge interests in the Heemksirk Tin Project</title>
      <link>http://www.proactiveinvestors.com.au/companies/news/226/gippsland-and-stellar-resources-merge-interests-in-the-heemksirk-tin-project-0226.html</link>
            <description><![CDATA[Stellar Resources (ASX: SRZ) and Gippsland Limited (AIM/ASX: GIP) announced that they had reached an agreement to merge their interests in the Heemksirk Tin Project in Tasmania. The project will be vended into Stellar Resources subsidiary, Columbus Metals, which is in the process of listing on the ASX.]]></description>
             <pubDate>Fri, 25 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/226/gippsland-and-stellar-resources-merge-interests-in-the-heemksirk-tin-project-0226.html</guid>
    </item>
	<item>
      <title>Diamonex still on track for first diamond sale in August </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/225/diamonex-still-on-track-for-first-diamond-sale-in-august--0225.html</link>
            <description><![CDATA[ DiamonEx (ASX/AIM/BSE: DON), the emerging diamond producer in Botswana, climbed 5% higher after confirming that it would complete the final phase of commissioning at the Lerala Diamond Mine Processing Plant this week. ]]></description>
             <pubDate>Thu, 24 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/225/diamonex-still-on-track-for-first-diamond-sale-in-august--0225.html</guid>
    </item>
	<item>
      <title>Leyshon Resources is an ultra low-cost gold producer in the making </title>
      <link>http://www.proactiveinvestors.com.au/companies/news/224/leyshon-resources-is-an-ultra-low-cost-gold-producer-in-the-making--0224.html</link>
            <description><![CDATA[Leyshon also confirmed that the cash cost, per ounce, is actually lower than previous forecasts, at US$238 per ounce. At this sort of level, Zheng Guang will be an exceptionally strong cash flow generator and will be one of the lowest cost gold mines in existence.]]></description>
             <pubDate>Thu, 24 Jul 2008 00:00:00 +1000</pubDate>
      <guid>http://www.proactiveinvestors.com.au/companies/news/224/leyshon-resources-is-an-ultra-low-cost-gold-producer-in-the-making--0224.html</guid>
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