Mining

Kalgoorlie-based MacPhersons Resources says its Nimbus-Boorara project near Kalgoorlie will have lower capital and operating costs than previously estimated, according to early findings in the feasibility study on the project.

Global investment bank Pareto Securities has opened its first office in Perth, with plans to supply bond finance to resources companies based in Australia.

Aurora Minerals has executed a three way deal with African Lion and Predictive Discovery, offering African Lion an $800,000 placement and in return receiving a 17.2 per cent slice in Predictive.

Copper producer Aditya Birla Minerals will resume mining activities at its Birla Nifty mine less than four months after it was closed due to a sinkhole.

Balcatta-based Sirius Resources says it's Nova nickel project near Norsemen will cost around $473 million to develop, according to a definitive feasibility study released today.

Beach Energy has accepted Woodside Petroleum's offer to acquire a 70 per cent interest in the Lake Tanganyika basin in Tanzania.

Oil exploration minnow IPB Petroleum has picked up the pace in its grand plan to get noticed by large producers.

Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.

Kalgoorlie-based Phoenix Gold has agreed to purchase St Ives Gold Mining Company’s heap leach processing plant near Kambalda for $2 million.

Iron ore exporter Fortescue Metals Group has notched up a record 160 million tonne annualised run rate in the last month of the financial year.

Oil prices rebounded on Thursday, snapping out of a long losing streak tied to easing concerns about potential Middle East supply disruptions.

Former Kagara managing director Geoff Day has been appointed chief executive of Kingsgate Consolidated.

Perth-based iron ore miner Atlas Iron has beaten its full year profit guidance after shipping 3.1 million tonnes in the June quarter.

Minerals explorer Newera Resources has announced an entitlements issue to raise just over a $1 million.

Global oil prices have continued their slide from late-June peaks, despite a sharper-than-expected drop in US crude inventories.

Gold prices have extended earlier gains after Federal Open Market Committee meeting minutes showed that central bank officials were shifting focus away from raising interest rates as the key strategy for tightening monetary policy.Gold lifts after FOMC minutes

Final approval has been granted for gold production at Kingsrose Mining’s Talang Santo mine in South Sumatra, Indonesia.

Phosphate and glauconite explorer Potash West has completed an $800,000 placement to fund development of its Dandaragan Trough project near Perth.

Perth gold producer Resolute Mining has released a positive production report, which raised its share price by nearly 7 per cent.

Shares in Northern Star Resources have risen more than 9 per cent after the gold miner issued a better than expected June quarter production report.

Greenland Minerals and Energy has closed its fully underwritten $8.9 million rights issue oversubscribed.

Baosteel and Aurizon now control more than 90 per cent of Aquila Resources and will move to compulsorily acquire the rest of its shares.

Oil prices have extended their losing streak as concerns ease over supply disruptions from the Middle East, with Libyan exports set to resume and Iraqi unrest not yet affecting exports.

Perth gold explorer Emmerson Resources has completed raising $1.87 million through a 49 million share placement to Evolution Mining, satisfying all conditions precedent to the joint venture agreement.

Exploration and mining company Independence Group has exceeded guidance for production of nickel, zinc and copper at its Long and Jaguar operations.

In the first of a four-part series featuring EY Entrepreneur of the Year nominees, we spoke to Bill Beament about the extraordinary growth of Northern Star Resources.

Tempo Australia has been awarded a $13.4 million contract for engineering and construction work at Rio Tinto’s Cape Lambert port expansion in the Pilbara.

Perth-based Altona Mining has agreed to sell all of its Finnish operations and most of its exploration assets to Swedish miner Boliden Mineral AB for about $US95 million.

Gold prices have slipped lower, after last week's strong US employment data dashed the case for owning the precious metal.

World oil prices have fallen as traders eye the imminent resumption of Libyan crude exports and Iraqi output remains unaffected by ongoing fighting in the country.

The share price of Perth copper producer Aditya Birla Minerals risen 19.5 per cent on the announcement that its Nifty underground copper mine had been cleared to resume operations.

Perth-based explorer Zenith Minerals has acquired 51 per cent interest in Fitzroy Resources’ Rookwood project, with an option to purchase the remainder.