Doray Minerals co-founder Heath Hellewell has been promoted to the role of executive chairman of gold explorer Capricorn Metals, as the company restructures its board and management positions.
Ian Middlemas-led explorer Apollo Minerals has entered into an agreement to acquire a major stake in a tungsten-copper-gold project in France, in a cash and scrip deal worth up to $13.5 million.
Heavy equipment supplier Emeco Holdings has turned its focus to completing its merger with east coast companies Orionstone and Andy’s Earthmoving after noteholders backed a complex balance sheet restructuring today.
West Africa-focused gold miner Perseus Mining has locked in $US60 million of debt finance with Macquarie Bank to fund ongoing work at its Sissingue and Edikan mines.
Perth-based junior explorer Amex Resources is set to be wholly acquired by one of its shareholders after a lucrative takeover proposal was made, valuing the iron ore hopeful at $54 million.
Gold and nickel miner Independence Group has expanded its presence in the Fraser Range after entering into an agreement to farm-in to Orion Gold’s tenements in the area for an initial $2 million in cash and scrip.
Ngarda Civil & Mining, a pioneering indigenous contractor that employed more than 300 people at its peak, is being wound up, though curiously the listed company that owns a 50 per cent stake is still claiming Ngarda is a big employer.
Niobium explorer Cradle Resources has recommended shareholders accept a takeover offer from joint venture partner Tremont Investments, which values the target at $55 million.
Fortescue Metals Group has risen into the ranks of the top 50 most valuable companies on the Australian share market thanks to soaring iron ore prices which have nearly quadrupled the miner's half-year profit and stoked investor demand.
Africa-focused Tiger Resources is in talks with its shareholders and lenders concerning its depleting cash balance, as repairs to infrastructure at its Kipoi copper project will hinder production for the month.
Perth-based explorer Platina Resources has tapped investors for $7 million to fund ongoing work at its Owendale scandium-cobalt-nickel-platinum project in NSW.
Perth-based explorer Kula Gold says it could save $US25 million, or 27 per cent, on the cost of building its Woodlark Island gold project in Papua New Guinea if done so in the current economic environment.
Kalgoorlie-based mining contractor Hampton Transport Services has won a contract for haulage work at Empire Resources’ Penny’s Find gold mine for an undisclosed sum.
Rio Tinto chairman Jan du Plessis has confirmed he will retire from his post, ending a term of more than eight years at the head of the Anglo-Australian miner, to become chairman of UK telco giant BT Group.
Macmahon Holdings’ second-largest shareholder, Forager Funds Management, has increased its stake in the Perth company by securing $10.6 million worth of shares.
Woodside Petroleum executive Jeroen Buren has been named acting president of the Chamber of Minerals and Energy of Western Australia, filling the role left vacant by Brian Reilly, who has moved to Canada to take on a new role with Cameco.
Junior explorer AVZ Minerals has become subject to Supreme Court action after a Mauritius-based private resources investment firm claimed ownership of a lithium deposit in the Democratic Republic of Congo, which AVZ said last month it would be acquiring a major stake in.
Infrastructure and mining services group Downer has agreed to buy New Zealand builder Hawkins for an undisclosed sum, as it expands operations in the Pacific nation.
Lithium Australia’s $23.8 million takeover bid for rival Lepidico appears to be heading for rejection, with the target company not confident about the operational methods of Lithium’s core asset.
The Takeovers Panel has declined to look into construction giant CIMIC Group's claim that takeover target Macmahon Holdings' target statement was misleading and deceptive.
Subiaco-based Lucapa Diamond Company has sold $9.1 million of alluvial diamonds from its Lulo operation in Angola, bringing its total sales from that site to more than $100 million.
Mining giant Rio Tinto will hold back all outstanding performance-related pay of previous chief executive Sam Walsh for at least two years, until investigations into a payments scandal in West Africa are more advanced.
Mining services business Ausdrill has won a $70 million extension to its contract for work at Peabody Energy Corporation’s coal mines on the east coast.
Gold miner Red 5 has revealed the financial extent of having to temporarily shut down its Siana mine operations, today flagging a $70 million impairment in its half-year accounts.
Spanish-controlled CIMIC Group has stood its ground over its Macmahon Holdings takeover play, telling the market today it would not lift its offer price despite the target entering into a counter-agreement with an Indonesian miner.
BC Iron is branching out of its iron ore focus by spending up to $10.5 million as part of a joint venture with freshly listed sulphate of potash explorer Kalium Lakes.
CIMIC Group's takeover bid for mining services provider Macmahon Holdings has become more complicated after Macmahon signed a heads of agreement that could give Indonesian miner Amman Mineral Nusa Tenggara a 44 per cent stake in the company.
Kidman Resources has bought two lithium tenements from nickel miner Western Areas in a $6 million all-scrip deal, while Lithium Australia has signed a memorandum for a joint venture in Germany.
