Baosteel and Aurizon are set to take control of Aquila Resources after another major shareholder threw their support behind the $1.4 billion takeover deal.
Gold producer Northern Star Resources said today it expects to lift 2015 production to 600,000 ounces, at the top end of its guidance range, after it more than doubled the resource at its Pegasus deposit at the Kundana mine.
The Aboriginal community that was at the centre of a major land rights dispute, sparked by oil exploration at a remote Kimberley cattle station in the early 1980s, has announced its support for a gas 'fracking' program planned by Perth company Buru Energy.
Gold prices have extended their two-month high as sustained worries about instability in the Middle East and dovish remarks from England's central bank prompt investors to buy the precious metal.
Cradle Resources has tapped the investors to raise $3.6 million, while also receiving the first $US5 million tranche of payment as part of its divestment of a 50 per cent stake in its Panda Hill niobium project in Tanzania to Tremont Investments.
FEATURE: A Subiaco based-company is using marine drones and its global remote monitoring system to deliver benefits for the offshore oil and gas industry.
Perth exploration firm Hannans Reward has entered into a joint venture agreement with Reed Resources for 20 per cent interest in its Lake Johnston nickel sulphide project west of Norseman.
FEATURE: The state's premier oil and gas training institute has joined forces with Northern Territory-based Charles Darwin University in the search for a training provider to tackle a looming oil and gas skills shortage.
FEATURE: The writing was on the wall, and has been for more than a decade. Royal Dutch Shell's divestment of most of its 23 per cent stake in Woodside Petroleum last week surprised few in the business community.
Perth based hydrocarbon production firm Antares Energy has announced it intends to place 9.75 million convertible notes at an issue price of $2.00 per note to raise $19.5 million.
World oil prices have fallen as investors reassess a political crisis in Iraq that remains concerning but is yet to result in crude supply disruptions.
Aquila Resources' share price has stabilised at just below its $3.40 per share takeover offer, indicating the market is backing Baosteel and Aurizon to succeed with their $1.4 billion takeover.
Perth gold exploration firm Enterprise Metals has completed a capital raising of $1.2 million, which was achieved through the placement of 24 million shares valued at 5 cents per share.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Gold prices have risen to within striking distance of a 10-week high as some investors breath easier after the Federal Reserve stuck to a dovish monetary policy while others buy the precious metal amid worries about Iraq.
Perth gold company Resolute Mining has announced a new 1.28 million ounce gold resource for its Buck Reef West deposit near the Ravenswood processing facility in Queensland.
Perth civil engineering firm Macmahon Holdings has mobilised the world's most powerful raise drilling machine after securing a $5 million contract at BHP Billiton's Olympic Dam mine in mine in South Australia.
Gold prices have posted the biggest daily gain in nine months, driven by investors who were caught flat-footed by the Federal Reserve's outlook for continued low interest rates.
Oil prices have soared on escalating violence in Iraq, as government troops recaptured a major refinery and the US said it was sending in military advisers to train Iraqi forces.
GDF Suez and Santos have moved away from developing their Bonaparte joint venture project as a floating liquefied natural gas project, saying they will now consider other options, including helping expand Inpex's Icthys LNG project.
Shares in Woodside Petroleum have fallen by 4.6 per cent after Royal Dutch Shell completed a sell-down of more than 78 million shares in the oil and gas producer.
