Nickel miner Western Areas is getting closer to marketing a unique bacterial leaching project that will improve its profits by enhancing the grade of concentrate it can produce.
Shares in Blackham Resources have plummeted after it announced it had received commitments for $3.15 million at 11.5 cents per share to fund exploration and development studies at its Matilda gold project.
Shares in Kimberley Diamonds closed 25 per cent higher today after the company announced it had entered into a subscription agreement to raise $4.37 million from a Chinese institutional investor.
Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara’s Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.
Atlas Iron has shrugged off concerns about current market conditions and its thin margins, using its annual general meeting yesterday to remind shareholders of its development track record in an intensely competitive environment as proof it is a survivor committed to doing what it takes.
World oil prices have rallied after a smaller-than-expected increase in US crude inventories and the OPEC chief's comments that recent price falls are unjustifed.
Gold prices have extended their losses in electronic trading Wednesday, after the Federal Reserve said it would end its bond-purchase program and modestly upgraded its view on the job market.
The City of Geraldton has sold an 8.8-hectare parcel of land for $880,000 to Tersum Energy which expects to spend between $60 million and $80 million to build a 30-megawatt gas fired power station, and is in ongoing negotiations for offtake power.
Melbourne-based gold miner St Barbara has announced plans to appoint former Gindalbie Metals managing director Tim Netscher as chairman, as part of its ongoing board renewal.
White Star Resources has gained backing from Perth businessmen Rod Jones and Brent Stewart, who plan to invest in a $4 million capital raising to support the acquisition of Spookfish and Geospatial Investments.
Gold prices have closed nearly unchanged as investors cautiously await the outcome of the Federal Reserve's policy-setting meeting, while palladium futures rise on hopes of improved industrial demand.
Buxton Resources has appointed former Fortescue Metals Group exploration and evaluation director Eamon Hannon as its new chief executive officer, as Anthony Maslin steps down as managing director.
Liberty Resources has announced its intention to exit the mining industry by entering into an option agreement to acquire local IT firm Cirrus Networks for an undisclosed amount.
Jolimont-based gold explorer RMG says it will buy its joint venture partner Chile Metals Consulting’s 25 per cent interest in the Tuina copper project in South America for a share package worth $2.4 million.
New Zealand-based Todd Corporation has more than doubled its interest in aspiring Pilbara iron ore miner Rutila Resources to 46 per cent, by electing to convert a $5 million loan into ordinary shares.
Perth engineering firm Clough is targeting small-scale liquefied natural gas (LNG) projects as a new growth area, after signing a ‘teaming’ agreement with global company GE Oil & Gas.
Mining at Mount Gibson Iron’s Koolan Island main pit in the Kimberley has been suspended, after a slump on Friday resulted in an area of instability in the seawall.
Antares Energy has sold its Southern Star project to US-based Breitburn Energy Partners for a $152 million cash and share package, after spending the past 14 months attempting to offload its Permian Basin asset.
Murdoch University announced late on Friday that its vice chancellor, professor Richard Higgott has resigned, five weeks after he was stood down on full pay, in the midst of a Corruption and Crime Commission investigation.
The demand for support and education for fly-in, fly-out workers shows no signs of slowing down, with FIFO Families outsourcing components of its operations to cope with its rapid growth.
Subiaco-based metals explorer TNG has secured $5 million through a placement to fund the definitive feasibility study on its Mount Peake vanadium-titanium-iron project in the Northern Territory.
Mining contractor Macmahon Holdings has again extended talks with Mongolian government-owned coal miner Erdenes Tavan Tolgoi concerning $30 million it is owed in overdue payments.
