Shares in Dioro Exploration have surged as it urges shareholders take no action on Ramelius Resources' $92 million all-scrip takeover bid, a higher offer to Avoca Resources' recommended proposal.
Mining services company NRW Holdings, in joint venture with the Ngarluma Yindjibarndi Foundation, has been awarded a $15 million construction contract by Rio Tinto.
Avoca Resources' recommended takeover offer for Dioro Exploration has been trumped by Adelaide-based Ramelius Resources, which today launched a superior $92 million all-scrip offer for the gold miner.
Neptune Marine Services says it has ended negotiations over a US-based acquisition as it progresses its plans to acquire Singaporean company Core IRM for $11 million.
Perth-based Sino Gas & Energy plans to list on the local stock exchange in the coming months as it prepares to launch a $10.3 million rights issue and initial public offer.
The Australian Institute of Company Directors says existing insider trading laws and rules governing director share trading are adequate and do not need tightening as recommended by the federal government's market advisory committee.
Osborne Park-based A1 Minerals has received environmental and mining approvals for its Brightstar gold project, with production slated to start in the December quarter this year.
Treasurer Troy Buswell has flagged a possible overhaul of an act governing the public sector as the state government starts a reorganisation of its administration.
SINO Gas & Energy will be the latest Perth-based company to test investor appetite for initial public offerings as the number of companies with listing aspirations starts to increase.
PERTH-BASED property fund manager, Aspen Group, has extended its entitlement offer for its ailing property fund after failing to attract sufficient support from investors.
While the state’s budding uranium industry grabbed local headlines last week, two Perth companies quietly confirmed the potential of southern WA as a new source of transport fuels.
Perth-based mortgage provider Homeloans says it expects its 2009 financial year net profit to improve by 49 per cent on the previous corresponding period.
BHP Billiton has settled almost a quarter of its total iron ore volumes at the newly agreed benchmark prices while one-third will be sold at spot and index-based prices.
Mirabela Nickel plans to raise a further $16.5 million after securing agreements to raise more than $100 million to fund cost overruns at its Santa Rita nickel project in Brazil.
Dioro Exploration has capitulated to Avoca Resources' hostile $68 million takeover after the fellow gold miner increased its bid and a rival deal with a Canadian miner fell through.
Reserve Bank Governor Glenn Stevens has issued a veiled warning about the risks in the housing market – suggesting that if supply doesn’t rise to head off prices it could have disturbing results. This could be read as a subtle dig at the states.
Dioro Exploration's defence against Avoca Resources' hostile takeover bid has collapsed after its white knight, Northgate Minerals Corporation, terminated talks over the proposed acquisition of Dioro's stake in a key gold asset.
Navitas has posted it third consecutive year of more than 20 per cent growth in second semester student enrolments with the education services provider posting a lift of 2,733 to a reach a new record.
West Perth-based Alchemy Resources has entered an agreement with Barrick Gold over the potential processing of gold from its Hermes project at the latter's Western Australian facilities.
Fox Resources has paid $100,000 for the 2 per cent net smelter royalty that was payable to De Beers Australia Exploration on Pilbara tenements under the access agreement.
West Perth-based Red Sky Energy has agreed to acquire private company Cydonia Resources, which holds coal seam gas permits in Queensland's Surat Basin, and plans to raise $4 million through a share placement.
Shares in Mirabela Nickel have been placed in a trading halt as it undertakes another capital raising to help pay for cost overruns at its Santa Rita nickel project in Brazil.
Shares in Liberty Resources have soared as much as 56 per cent following a deal with Carbon Energy for the joint development of an underground coal gasification project in Queensland.
Belmont-based Independence Group and partner AngloGold Ashanti will proceed with a bankable feasibility study over the $710 million Tropicana gold project, which could be in production by early 2013.
Gindalbie Metals says its 50 per cent owned pellet plant in China will not be made redundant if its project partner, AnSteel, goes ahead with plans to build the state's first steel mill in Oakajee.
Shares in takeover target Dioro Exploration have been placed in a trading halt ahead of an announcement regarding a Canadian company's proposal to buy it's flagship asset while hostile suitor Avoca Resources extends its takeover offer again.
