The News Review:
- Bendigo buys Tasmanian gold mine
- KEN – Kuth Energy Completes Tasmanian Heat Flow Program 1/1
- Funds wrangle hits NBN rollout
Bendigo buys Tasmanian gold mine
Sydney Morning Herald
We use an id here to be able to jump to this section. –> Bendigo buys Tasmanian gold mine. –> July 6 2009 – 9:39AM Victorian miner Bendigo Mining Ltd has acquired the Henty Gold Mine on the west coast of Tasmania from Barrick (PD) Australia Ltd. The acquisition includes the operating underground mine process plant infrastructure mineral tenements and 92 skilled employees. The price includes $5 million cash $3 million in Bendigo ordinary shares and a royalty payable on production from future exploration discoveries capped at $22 million. “Henty is an excellent fit with Bendigo’s growth strategy as it provides immediate gold production and significant exploration potential combined with a low-risk financing structure” Bendigo said in a statement. “The mine is planned to be immediately cash flow positive with no major capital expenditure requirements.
Related from Fildak: Senegal’s president inaugurates gold mine
KEN – Kuth Energy Completes Tasmanian Heat Flow Program 1/1
istockAnalyst.com (press release)
Reliable estimates of surface heat flow which provide an indication of the heat energy that is emitted from the Earth are now available from 35 localities on a 20 x 20km grid across the tenement area. Surface heat flow data clearly indicate the existence of a significant thermal anomaly in central eastern Tasmania. The size distribution and location of this anomaly are consistent with the current geological model of buried high-heat- producing granite batholiths at depth in this location. In total an area of about 4170 sq kms is estimated to have anomalously high heat flow (greater than 90mWm-2). This area which remains open to the west is the prime target area for future geothermal development in Tasmania. Within this zone smaller areas of higher heat flow (less than 100 mWm-2) are identified each of which is a potential Enhanced Geothermal System target.
Funds wrangle hits NBN rollout
Australian IT
Although negotiations were expected to be finalised in the months after the April announcement the government said construction of the network would begin this month through the state government-owned power utility Aurora Energy. Politically it was a smart move. Despite its small and compact geography Tasmania has the lowest percentage of broadband coverage in Australia at about 38 per cent and was seen as the perfect testbed for the ambitious national rollout. But three months later Tasmanians are still twiddling their thumbs while the government continues to drag its feet in negotiations with Aurora and the state government. The official line from Senator Conroy’s office is that the federal and Tasmanian governments are in final negotiations and announcement of a construction date is imminent. "We are in very advanced negotiations with Tasmania. This is key as we work to kickstart the NBN investment and stimulus effect" Senator Conroy said.