Perth-based gold miner Doray Minerals has agreed to purchase a majority interest in Archean Star Resources' Gnaweeda gold project in the Murchison region of Western Australia.
Global oil prices have dropped, with the US futures contract sinking below $US100 for the first time since May on receding worries about Iraq supply disruptions.
Perth oil and gas explorer Antares Energy has responded vigorously to claims by one of its major shareholders that it lacked transparency around a major deal and the disclosure of directors' interests.
Fleetwood Corporation has appointed its current chief financial officer and company secretary Bradley Denison as managing director, following the resignation of former chief executive Stephen Price in April.
Tiger Resources has taken a further $25 million advance payment to help fund construction at tis Kipoi copper project in the Democratic Republic of Congo, under a proposed offtake arrangement with commodity trader Gerald Metals.
Gold prices slipped Friday as traders locked in profits after a sharp rally the day before, but the metal ended the week higher, for a sixth straight weekly gain.
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.
Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.
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