Former Gindalbie Metals managing director Tim Netscher is set to take the helm of gold miner St Barbara, when Colin Wise retires from the role as non-executive chairman next month.
Private equity group Auctus Chillagoe’s proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana’s major shareholders announcing their intention not to accept the offer.
The wave of backdoor listings on the ASX has delivered nearly $90 million of extra capital to the tech sector in Western Australia, but the trend hasn’t all been positive, research by Business News has found.
Altona Mining has signed a joint venture agreement with a Chinese construction group for its Cloncurry copper-gold project in Queensland, with the partner to contribute $US214.5 million ($A278.1m) towards the project.
Gold eased for the fifth straight session as traders awaited further news on Greece's negotiations with its creditors, while caution over the metal's longer-term outlook weighed on interest.
Oil prices have fallen as traders kept an eye on Greece's prolonged negotiations with creditors to avoid a debt default and possible exit from the eurozone.
More than 94 per cent of Atlas Iron shareholders have voted in favour of the company's proposed $180 million capital raising, which is designed to ensure its longer-term viability.
MMA Offshore has won a contract to supply its marine logistics and supply base services for Chevron’s operations in the north-west, in a deal worth $100 million.
Macmahon Holdings has sold its Mongolian operations to a private company for $US65 million ($A84m), following a long-standing payment dispute with its client at the project.
Gold prices fell for the fourth straight session to a two-week low as traders awaited news on Greece's negotiations with its international lenders to avoid default.
Wesfarmers has acquired a 13.7 per cent shareholding in Quadrant Energy, less than three weeks after the oil and gas producer was established as an independent company.
The corporate watchdog has begun civil penalty proceedings against Padbury Mining and two of its directors over statements made last year claiming the company had lined up $6 billion in equity to fund construction of a port and rail network at Oakajee north of Geraldton.
Programmed Maintenance Services’ six-month pursuit of its larger competitor, Skilled Group, has paid off, with the Melbourne-based company backing a $424 million takeover offer.
Gold prices have eased as the euro slid sharply against the US dollar, and as stock markets rallied on hopes that Greece would reach a deal with its creditors to stave off default.
Oil prices have climbed lifted by expectations of a further decline in US inventories and positive data in the eurozone that could signal stronger demand.
The state government expects to reap inabout $1 billion in revenue after signing a development agreement with the Woodside Petroleum-led Browse consortium to supply 800 perajoules of gas to the domestic market.
New research from publication The Economist indicates China will be the world’s largest economy by 2026, with a forecast nominal GDP nearing $US30 trillion, and predicts the rise of Asian nations will drastically affect global politics.
The state government has provided a further $4.6 million for drilling and prospecting activities at 44 projects in Western Australia, including Fortescue Metals Group’s Trifecta base metals project.
Phoenix Gold has taken a planned vote on an alliance with Evolution Mining off the agenda of its general meeting, being held today, after Zijin Mining Group made a play to take ownership of the company in a cash deal worth $47 million.
Alcoa has been directed to improve its asbestos management procedures after workers were potentially exposed to it at two refineries in Western Australia.
Oil prices have risen modestly as dealers focus on hopes for a Greek bailout deal and a possible return of Iranian supplies to an oversupplied global market.
Gold prices fell more than one per cent as global equities jumped on possible signs of progress in Greek debt talks, which curbed safe-haven demand for the metal.
The state government has appointed Donald Mackay-Coghill as chairman of Gold Corporation and Richard Hayes as chief executive, effective from next month.
