Mining

Shares in West Leederville-based Glory Resources have soared on the back of the gold explorer receiving a $30.5 million friendly takeover offer from Canadian miner Eldorado Gold.

Sirius Resources has raised around $83.5 million through a share placement as it works towards the development of its Nova-Bollinger project.

The surprise discovery of coal in the Pilbara signals there may be many more valuable resources still undiscovered in Western Australia, according to Premier Colin Barnett.

Uranium miner Paladin Energy says an employee has died, almost a month after receiving significant burns in an electrical incident at its Langer Heinrich Mine in Namibia.

US oil prices have fallen for a second day in a row after an inventory report showed a surprisingly large increase in US supplies.

Calibre Group co-founder Ray Munro has agreed to take an executive role at Viento Group, where he will work alongside contracting veterans John Farrell and John Silverthorne.

The state government will introduce legislation this week which it says will encourage greater transparency around the environmental approvals process for mining projects and cut costs for business.

Struggling engineering contractor VDM Group has unveiled a recapitalisation proposal that involves some of its creditors being paid in shares, and warned the company may be placed in administration if the package does not proceed.

Perth-based Northern Iron has maintained sustainable improvements in production for the September quarter, despite issues at its Sydvaranger Iron Project in Norway.

Fortescue Metals Group is looking to take advantage of favourable credit market conditions to lower the interest repayments on its debt.

Gold prices have pulled lower amid investor caution ahead of the start of the two-day Federal Reserve policy meeting.

UGL has told shareholders that its property and engineering arms are being split as quickly as possible and will be standalone companies by June 30 next year.

Swick Mining Services has forecast lower annual earnings and cut more than 100 staff in the space of 12 months amid challenging conditions in the mineral drilling sector.

Perth-based Zenith Minerals has purchased a key tenement at Northern Manganese's Mount Alexander North project near the port of Onslow in the West Pilbara.

Shares in Perth-based minerals explorer Greenland Minerals and Energy have spiked after Greenland's parliament voted to remove a 25-year-old ban on uranium mining.

Shares in listed oil and gas explorer Jacka Resources closed the day's trade more than 14 per cent higher after the company announced it had secured a convertible facility worth up to $5.5 million.

Tiger Resources has increased its production guidance at its Kipoi copper project in West Africa by 85 per cent for the 2014 financial year on the back of a record quarter of production.

GR Engineering Services has been appointed the preferred contractor for engineering procurement and construction works worth $54.6 million at MZI Resources' Keysbrook mineral sands project near Serpentine.

Gold futures have ended higher as weaker US economic data fanned hopes of sustained monetary stimulus measures from the Federal Reserve.

Base-metals company Ventnor Resources has announced a joint venture with

Brockman Mining has sold off its limousine business in Hong Kong for about $6 million and used the proceeds to buy Chinese copper assets, as it seeks to focus on its mining interests.

Mineral sands junior World Titanium Resources has raised $2.6 million and bolstered its board with two new appointments.

A Fortescue Metals Group mine site in Western Australia's Pilbara region has been evacuated due to a bushfire caused by lightning.

A council representing industry heavyweights including BHP Billiton and Alcoa has thrown its support behind the City of Kwinana's proposal to take over part of the City of Cockburn and assume responsibility for the Kwinana industrial strip.

BHP Billiton Iron Ore and its former contractor HWE Newman Services have been handed a total of $238,000 in fines in relation to the death of a worker at BHP's Yandi mine near Newman five years ago.

BC Iron has posted record production and exports during the September quarter, when shareholders received almost one-third of a dollar per share in a $37 million dividend payout.

Gold futures have climbed to a one-month high, lifted by expectations for continued easy-money policies from the Federal Reserve after a slate of mixed US economic data.

Chevron Australia managing director Roy Krzywosinski says he remains wary about floating LNG technology but nonetheless predicts it will become more commonplace unless the costs of onshore developments are reduced.

Rare earths explorer Northern Minerals struck a 50 per cent offtake agreement with Japanese trading giant Sumitomo Corporation last December – but it was nine months before the deal was announced. The timeframe is indicative of the measured approach taken by the Japanese, according to Northern Minerals managing director George Bauk.

Chinese interest in Australian property and resources may be in the spotlight, but Japan still has a significant foothold, particularly in WA.

Northern Star Resources has announced that director Michael Fotios has resigned from the company's board and will take up a position as a consultant to the gold miner.

BC Iron has appointed former BHP Billiton executive Peter Wilshaw as a non-executive director.