one more.... but there is nothing new in any of the articles.
Can someone inform me of the process in making this decision and approx where in this process are we... now that would be good journalism not this sh*t that we pay for in our papers.
Cazaly leaps higher Mandi Zonneveldt 14apr06
THE final blow in the David and Goliath battle over iron ore in the Pilbara could be dealt as early as next week -- and the money is on mining minnow Cazaly.
Shares in the iron ore hopeful stacked on a hefty 12 per cent yesterday on rumours of an imminent decision.
Cazaly shares, which were trading at about 26 a year ago, are now worth $2.09.
Cazaly began its stellar run in September after snatching a key iron ore deposit out from under Rio Tinto's nose.
The pace picked up in November when the mining junior announced it had struck a multi-million dollar deal to supply Rio's rival, BHP Billiton.
Rio has appealed to the Western Australian Government to dismiss Cazaly's exploration application on the grounds of public interest.
Rio claims a mix-up in the mail caused its hold on the iron ore tenement to lapse.
However, day traders have their money on the little guy.
A decision in Cazaly's favour is likely to see the company's share price climb even further, with punters who bought early in line for a 700 per cent return on their investment if they sell.
The power to decide Cazaly's fate is in the hands of former journalist John Bowler, who assumed the title of State Development Minister for WA after Alan Carpenter became premier in January.
Mr Bowler was rumoured to be preparing to make an announcement yesterday, after the market closed, in order to stop investors making hasty decisions. However, no news was forthcoming last night.
Mr Bowler's spokesman would not comment yesterday on the timing of the Cazaly decision.
"The Minister is making no comment about Cazaly until a decision has been made," he said.
Cazaly has teamed up with fellow junior Echelon Resources to consider development options for the Shovelanna deposit.
Echelon shares also climbed yesterday, adding 10 to finish at $1.
The two companies are ready to push the button on a $6 million exploration program if the decision falls their way, with plans to be in production within three years.
However, there is speculation BHP could end up developing the deposit, which is an extension of its new orebody 18 mine.
BHP is already upgrading its port and rail facilities to handle the extra capacity from orebody 18.
Rio shares closed 28 lower at $82.32 yesterday. BHP was up 26 at $29.75.
