Perth based Elixir Petroleum Ltd will aim to raise $14.5 million through a share placement, with funds to be used for additional development of its gas project in the Gulf of Mexico, as well as to support projects in Sierra Leone.
Financial adviser and former deputy mayor of the City of Gosnells, Mr Antonio (Tony) Pisano, has today been sentenced to four years and eight months imprisonment on fraud charges.
Employment in the already buoyant minerals sector is set for even stronger growth with a 70 percent increase forecast by the year 2020, in new research commissioned by the Minerals Council.
Emerson Stewart Group Limited, which is aiming to list on the ASX in June, today announced the appointment of Rod Smith as its Chief Financial Officer.
West Perth based Dwyka Resources Ltd has completed a capital raising of $21.3 million to finance exploration and development of its Daguma and Bonanza coal projects.
Perth-based mineral explorer Trafford Resources has commenced a major lead-zinc exploration program in South Australia's Gawler Craton in joint Venture with zinc producer Zinifex.
Goldstar Resources NL will relocate the Company's corporate office from Perth to Melbourne as part of its development preparations for the Tubal Cain and Eureka Gold Projects in Victoria.
Como based Nido Petroleum Ltd has raised over $41.2 million through a share placement, with funds to be used to expand its current drilling programs and raise working capital.
CGA Mining Limited has announced that it has engaged Canadian broking firm Haywood Securities Inc to act as agent for a C$30 million private placement offering of ordinary shares.
Aurox Resources Ltd today released a response to media reports to clarify the relationship between the WA-based explorer and China's state owned Chengde Iron and Steel Group.
The Australian Institute of Management today relased its annual national salary survey for 2007/08 which shows that Western Australia has the highest average pay increase in the country at 6.4 per cent, well above the national average of 4.7 per cent.
Contracting group Brierty Ltd today announced its second profit revision in six weeks, slashing its forecast to $3.6 million after tax, and the resignation of founder Alan Brierty as managing director to focus on the operational side of the business.
Nedlands-based software company ISS Group Ltd has signed a major new international marketing agreement with global oilfield services company Schlumberger, that could lead to a big boost in ISS's revenue.
Gage Roads Brewing Co Ltd has announced the signing of a Heads of Agreement with VOK Beverages Pty Ltd to distribute Gage Roads' products Australia-wide.
Shares in Central Asia Resources Ltd jumped higher today after the company announced significant high-grade drill results from its Altyntas prospect in Kazakhstan.
The long-running takeover battle over Herald Resources Ltd has hotted up, with Indonesian group PT Bumi Resources Tbk lifting its offer by 30 cents per share to $2.55 cash per share.
Jabiru Metals Ltd is to raise $51.9 million through a placement at 80 cents per share, to fast track its exploration programme and feasibility studies of its base metals projects.
United Minerals Corporation Ltd has announced that a placement of five million ordinary shares at $1.75 per share to raise $8.75 million was finalised on Friday morning.
Murchison Metals Limited insisted today it would not bow to any of the claims of junior explorer Chameleon Mining Ltd, which has instituted legal proceedings to try and win a share of Murchison's iron ore tenements.
Drilling contractor Ausdrill Ltd today formally rejected Macmahon Holdings Ltd's $446 million takeover offer, describing it as inadequate and opportunistic.
The demand for fixed rate loans among West Australians fell to 17 per cent of all approvals, its lowest level in over two years, Mortgage Choice's April 2008 loan approval data has found.
Wesfarmers has successfully completed the final phase of its fully underwritten Entitlement Offer, raising in total approximately $2.5 billion to help fund its purchase of Coles Group.
Exploration company Spitfire Resources Limited has moved to diversify its asset portfolio and commodity base by acquiring an advanced coal project in Tasmania.
Energy and Minerals Australia Ltd has successfully listed on the Australian Securities Exchange today, with its shares closing at $0.60 cents, 50% above the issue price.
The Federal Court today ordered the militant construction union and two of its organisers, including assistant secretary Joe McDonald, to pay $35,000 in fines following industrial action at BHP Billiton's Ravensthorpe nickel project during 2005.
