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Company News for 07/03/13

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ALK RC drilling of the Caloma Two deposit within the Tomingley Gold Project continues to return strong results including the highest grade intersection recorded within the TGP: PE 873 1 metre grading 821g/t gold from 196 metres within 9 metres grading 110g/t gold from 194 metres Company report
     
AZJ Aurizon has secured a new long-term, performance-based contract with BMA and BMC for the haulage of up to 65mtpa of coal from its mine operations in Qld. The contract represents 100% of tonnes tendered by BMA/BMC for re-contracting in the Blackwater and Goonyella systems to the respective ports of RG Tanna in Gladstone, and Hay Point and Dalrymple Bay near Mackay. It is effective from 1 July 2015 for the Blackwater system and 1 July 2016 for the Goonyella system. The new contract replaces the existing 2005/6 legacy contract with up to a 12-year term, new-form contract. It provides improved commercial returns for Aurizon based on a flexible, performance-based contract for BMA/BMC. Company report
     
BHP BHP may be able to ramp up production of its dry gas assets in the US if prices continue to recover AFR
     
CDU The current diamond drilling programme at Rocklands South is defining high-grade zones with copper grades that are significantly higher than those in the resource block model, and in places are multiples of the averages indicated in the resource block model. High-grade copper mineralisation is also being intersected in areas not currently included in the Rocklands South resource. The resource block model is based on drilling that did not intersect the areas now identified to host high-grade sulphide mineralisation. Drill results include: DODH 460: 91m @ 2.70% CuEq from 140m Company report
     
DCG Decmil Awarded $25M Shell Contract to construct a major support facility in the NT. DCG will have the responsibility for the design and construction of the facility including detailed engineering, contrcting, procurement, fabrication, transportation and all statutory and regulatory approvals. Company report
     
ELD Hamilton Secuities rumoured to be poised a counter bid for ELD’s forestry assets AFR
     
LEI Hamish Tyrwhitt has pledged there is “absolutely zero” chance of the group having more writedowns. The Australian
     
MRN MRN appears to have lost out on its effort to broadcast NRL games into Brisbane AFR
     
NAM Namoi Cotton Chairman, Mr Stuart Boydell has announced that Grower Members have overwhelmingly supported the proposed establishment of a cotton marketing and commodities packing services Joint Venture with Louis Dreyfus Commodities Group to be called Namoi Cotton Alliance. Grower Members voted 98% in favour of the Joint Venture Proposal in a special postal ballot. As a result the Proposal has obtained the required Namoi Cotton Grower Member’s approval. Company report
     
NUF Sinochem has won the exclusive distribution rights for Monsanto’s Toundup weed killer in Aust and NZ after NUF’s recent loss of the contract AFR
     
PIR Results from a further seven holes of the 2013 drilling program at the Fekola Project have continued to identify new mineralisation outside of the  current Mineral Resource Estimate (‘MRE’); Broad zones of mineralisation intersected including 73 metres @ 3.11 g/t and 39 metres @ 3.14 g/t; Initial results from shallow drilling within the corridor provide encouraging intersections including 4 metres @ 3.85 g/t; and Re-interpretation of geophysical data highlights a priority exploration target approximately 1,400 metres south of the Fekola deposit. Company report
     
QFX QFX has agreed to issue a total of 70,358,753 shares at an issue price of $0.024 per share and a total of 42,215,251 attaching options. The Company will use the proceeds from the placement for the continued development of its digital streaming service and to increase its subscriber base through increased marketing by way of advertising and promotion and for general working capital. Company report
     
RDF Has been investigating two more counts of alleged misconduct after a corruption scandal invlolving officials in the City of Chicago. AFR
     
STO STO expects to avoid a writedown of its CSG assets in NSW The Australian
     
SXL SXL has sold FM radio business Sunshine Coast Broadcasters to a Glenn Wheatley-backed firm for $17.7m The Australian
     
TLS In the course of its debt financing program, Telstra announces a benchmark EUR 1 billion issue with a 2.50 per cent coupon and a maturity of 15 September 2023. Company report
     
WPL Woodside Petroleum remains confident of completing its deal to buy into the Leviathan gas field despite reports Israeli competition authorities might order the seller to divest its stake. AFR

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