Ausdrill Ltd

Type: Company
Name: Ausdrill Ltd
First reported Sep 18 2014 - Updated Sep 19 2014 - 2 reports

Iron Ore Pain Is Settling In For Another Year

The weaker iron ore price will heighten pressure on Australia’s miners for another year to come, ratings agency Moody’s says.In a report, Moody’s Investor Services said iron ore’s fall from more than $110 a tonne to about $84 a tonne over 2014 will negatively ... [Published Business Insider Australia - Sep 19 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

Azumah Resources cornerstone investor adds to holdings at premium

Azumah Resources www.azumahresources.com.auAzumah Resources Limited (ASX: AZM) is an Australian-based company focused on the exploration and development of the 100%-owned Wa Gold Project in northwest Ghana, West Africa.The Wa Gold Project contains a JORC ... [Published Proactive Investors Australia - Sep 16 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Ausdrill reports annual loss

Ausdrill Limited, an energy services company, has reported that loss attributable to equity holders of the company for the year ended June 30, 2014 was A$42.59 million, or a loss of 13.64 cents per diluted share, compared to a profit attributable to equity ... [Published Individual.com - Sep 12 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

WESTERN DESERT RESOURCES : Market Update

Release date- 10092014 - Ausdrill refers to the announcement released by Western Desert Resources Limited (ASX: WDR) to the ASX on 8 September 2014 in relation to the appointment by WDR of a voluntary administrator, and the subsequent announcement of ... [Published 4 Traders - Sep 12 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Update: One Of Ausdrill's Clients Has Financial Problems

Summary Ausdrill has announced one of its clients went into voluntary receivership, and the company isn’t sure the $8M bill will be paid. Although it’s not unexpected the iron ore price crash has created victims, this is an unexpected blow for Ausdrill. ... [Published Seeking Alpha - Sep 10 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 2 reports

Midday: ASX led higher by banks and BHP

Following mixed leads from overseas markets and a 1c plunge in the dollar overnight, the Australian share market opened stronger and is 0.17 per cent up at noon led higher by the big four banks, BHP and Telstra.The S&P/ASX 200 index is 10 points up at ... [Published Finance News Network - Sep 09 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

Western Deserts collapse will hurt contractors

A host of mining contractors are set to end up out-of-pocket as a result of the collapse of iron ore miner Western Desert Resources, with Leighton and Ausdrill among those exposed.And the private mining contractor owned by Western Desert managing director ... [Published Business Spectator - Sep 08 2014]
First reported Sep 05 2014 - Updated Sep 05 2014 - 1 reports

Ausdrill : Update On Managing Director

Ausdrill advises that the jury has failed to reach a verdict in relation to the charge brought against Mr Sayers and has been discharged.The matter has been listed for directions in the Supreme Court later this month.Mr Sayers will resume all duties as ... [Published 4 Traders - Sep 05 2014]
Entities: Ausdrill Ltd, Verdict
First reported Sep 05 2014 - Updated Sep 05 2014 - 1 reports

Another hung jury in Sayers tax case

The tax fraud retrial of Ausdrill managing director and founder Ron Sayers has again ended in a hung jury, leaving the executive free to resume his duties with the company.After a four-week trial in the West Australian Supreme Court and three days of ... [Published Prime 7 - Sep 05 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Mates waiti again for jurors to decide fate

Ausdrill chief executive Ron Sayers should know his fate this week on a conspiracy charge arising from his secret interest in underground mining contractor Barminco.A Supreme Court jury is set to head out as early as today to consider a verdict for ... [Published West Australian - Sep 01 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Update: AusDrill Earnings

Summary AusDrill reports a net loss on impairment charges. This was expected in my original article, and later confirmed by the company. This doesn't change the investment thesis as the company is free cash flow positive and trading at less than half ... [Published Seeking Alpha - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 3 reports

Ausdrill in the hole

AUSDRILL has recorded a loss for fiscal 2014, echoing supplier woes related to pinched exploration budgets in the mining industry over the year. ... [Published MiningNewsPremium.net - Aug 28 2014]

Quotes

...is Chairman of United Arab Emirates-based gold refiner Fujairah Gold FZC, a 100%-owned subsidiary of UK listed mining house, Vedanta Resources plc ( "Vedanta'), of which Mr Agarwal's family is the major shareholder."
"There seems to be a consensus view that iron pricing could remain under pressure for some time."
"Western Desert produced basically a lower quality iron ore at a relatively high cost" he said
"This considerably larger mining inventory underpins Azumah's objective of delivering a Feasibility Study for a substantially de-risked, development-ready, 100,000oz per year, initial seven-year mine-life open pit gold operation at the Wa Gold Project Azumah's Managing Director Stephen Stone said."

More Content

All (34) | News (34) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Iron Ore Pain Is Settling In For Another Year [Published Business Insider Australia - Sep 19 2014]
Sliding iron ore prices felt across economy: Mo... [Published ABC Online - Sep 18 2014]
Azumah Resources cornerstone investor adds to h... [Published Proactive Investors Australia - Sep 16 2014]
Placement Strengthens Development Relationship [Published Noodls - Sep 16 2014]
Ausdrill reports annual loss [Published Individual.com - Sep 12 2014]
WESTERN DESERT RESOURCES : Market Update [Published 4 Traders - Sep 12 2014]
Update: One Of Ausdrill's Clients Has Financial... [Published Seeking Alpha - Sep 10 2014]
Midday: ASX led higher by banks and BHP [Published Finance News Network - Sep 09 2014]
Midday: ASX led higher by banks and BHP [Published Brisbane Times - Sep 09 2014]
Miner's collapse will leave scar [Published Individual.com - Sep 08 2014]
Western Deserts collapse will hurt contractors [Published Business Spectator - Sep 08 2014]
Iron ore price collapse squeezing second-tier p... [Published Brisbane Times - Sep 08 2014]
Iron ore price slide hurts billionaire [Published Brisbane Times - Sep 08 2014]
Ausdrill : Update On Managing Director [Published 4 Traders - Sep 05 2014]
Another hung jury in Sayers tax case [Published Prime 7 - Sep 05 2014]
AZUMAH RESOURCES : Increases Ore Reserves 45 Pe... [Published 4 Traders - Sep 03 2014]
Highly regarded people can hav 'secret side' (T... [Published West Australian - Sep 03 2014]
Mates waiti again for jurors to decide fate [Published West Australian - Sep 01 2014]
FN Arena Broker Call Headlines - 29 Aug 2014 [Published NineMSN Finance - Aug 29 2014]
PricewaterhouseCoopers to lead stellar lineup a... [Published Resource Investor - Aug 28 2014]
Update: AusDrill Earnings [Published Seeking Alpha - Aug 28 2014]
4 ASX-listed stocks rocketing ahead more than 1... [Published Motley Fool - Aug 28 2014]
Asian Market Update: China Industrial Profit Gr... [Published Action Forex - Aug 28 2014]
Ausdrill in the hole [Published MiningNewsPremium.net - Aug 28 2014]
Ausdrill plunges to steep FY loss [Published Business Spectator - Aug 27 2014]
Ausdrill plunges to steep FY loss [Published Herald Sun - Aug 27 2014]
Guildford Coal appoints Wal King as chairman [Published Mining & Quarry World - Aug 22 2014]
Guildford Coal appoints Wal King as Chairman [Published Noodls - Aug 22 2014]
Ausdrill Limited Rating Reiterated by CIMB (ASL) [Published American Banking News - Forex - Aug 15 2014]
The iron ore supply glut dilemma [Published Finance News Network - Aug 15 2014]
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