5 Mining Stocks To Buy
Mermaid Marine Australia
Mermaid Marine Australia Limited (MMA) is engaged in the provision of marine logistics and supply base services throughout all phases of the oil and gas development cycle. The Company operates in three segments: Vessels, Supply Base and Slipway.
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Papillon Resources
Papillon Resources Limited (Papillon) is engaged in the exploration and development of resource projects located in Mali. The Company has joint venture interests in a portfolio of gold tenements (granted licenses and applications) in western and southern Mali.
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Sirius Resources
Sirius Resources is an explorer formed in August 2009 when current MD and CEO, Mark Bennett, and major shareholder, well known and successful prospector Mark Creasy joined forces. The company’s flagship project and company maker is Nova-Bollinger with a discovery hole in conductor 1 of 4m of high grade nickel and copper sulphides – 3.8% Ni and 1.4%Cu – as predicted by the EM model. Nova is located within the Fraser range joint venture (70% Sirius), some 200km east of Kalgoorlie.
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Alumina Limited
Alumina Limited is a forwarding office for Alcoa World Alumina and chemicals (AWAC) distributions. Its profit is a 40% equity share of AWAC profit, less head office and interest expenses. Its cash flow is AWAC distributions. Alumina was born of the demerger of WMC Limited’s aluminium assets in 2003.
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Panaust Limited
PanAust is a copper and gold miner with operations in Southeast Asia and undeveloped deposits in South America and Papua New Guinea. It’s Phu Kham copper-gold mine in Laos started in 2008 and produces more than 60,000 tonnes of copper and 55000 ounces of gold a year.
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