Mining

West Perth-based Adelphi Energy has urged its shareholders to take no action regarding an on-market takeover offer launched today by its major shareholder, oil and gas company AWE.

Up to half of the 500-strong workforce at collapsed Griffin Coal is reportedly at risk of losing their jobs next month as customer Worsley Alumina talks to Wesfarmers' Premier Coal about switching its coal supply.

The founding managing director and chief executive of NRW Holdings, Jeffrey McGlinn, has resigned from the mining services company to pursue other private business interests.

UPDATE: Japan's Inpex has pushed back its planned first gas date from its $20 billion Ichthys project by one year to 2016.

Gindalbie Metals plans to tap the market for up to $206 million to fund its Karara iron ore joint venture, days after it announced a capital cost increase at the Mid West project.

Subiaco-based explorer TNG has sold its Manbarrum zinc-lead-silver project in the Northern Territory for $US8.5 million ($A9.5 million) cash to China's Teng Fei Mining, and has flagged more potential deals.

Fox Resources has potentially doubled the mine-life for its Radio Hill copper and nickel operation in the Pilbara following an evaluation of the Sholl B2 deposit.

Global Iron and International Petroleum will continue their quest to be reinstated to the Australian Securities Exchange after an appeals tribunal said the stock market regulator should have taken additional information into account.

Canada's Uranium One continues to increase its shareholding in Paladin Energy, lifting its interest by 1.3 per cent over the past day.

Shares in Range Resources surged up to 30 per cent today after an investigation into its jointly owned Texas field estimated a potential cash flow of $US363 million ($A402 million).

Cape Lambert Resources has lifted its takeover offer for DMC Mining to the same level as the endorsed offer from Meijin Energy Group while the target ups the ante, saying that other parties could make rival offers.

The environmental watchdog has conditionally recommended the development of the $US2.7 billion ($A3 billion) Collie urea operation by private company Perdaman Chemicals and Fertilisers.

Swiss mining giant Xstrata says it has suspended a $30 million copper exploration project in Queensland because of the proposed resources super profits tax.

Treasurer Wayne Swan has launched a salvo at mining executives from his "Treasury bunker" as the war of words over federal Labor's proposed resources rent tax intensifies.

Atlas Iron chief David Flanagan has taken the next step in a growing mining industry campaign against the proposed resources super profit tax, penning an open letter to the prime minister that will be published in newspapers tomorrow.

Mincor Resources says it will restart its Miitel nickel operation, more than a year after it halted production due to the financial crisis, but warns the proposed super profit tax places the mine in a precarious position.

Galaxy Resources says the proposed resources super profit tax will not affect its operation near Ravensthorpe, with profits from the mine to come from a Chinese entity not subject to Australia's tax laws.

Shares in Perth-based Northern Star skyrocketed today after it agreed to buy the Paulsens gold operation in the Pilbara from Intrepid Mines for $27 million.

Leighton Holdings' value of work at Chevron's massive Gorgon gas project has risen past $1 billion after it, in consortium with Saipem, was awarded a further $150 million of work to build the project's liquefied natural gas jetty and marine structure.

Iron ore veteran George Jones says the next resources boom is being threatened by the proposed super profit tax as a group of fired-up mining executives today gathered to again express their anger at the Rudd government.

The capital cost of stage one of Gindalbie Metals' Karara iron ore project in the Mid West has risen by 20 per cent after accounting for increases to the operation's scope and infrastructure capacity.

DMC Mining is poised to accept a takeover offer from China's Meijin Energy Group, which trumps Cape Lambert Resources' bid by more than $3 million.

Atlas Iron expects to capitalise on the high iron ore prices after the Port Hedland Port Authority granted it permission to make additional shipments in the next few months.

International ratings agency Fitch has indicated that while the Commonwealth's proposed super profits tax on the nation's mining and resources outfits "isn't good news for Australian miners", it will not affect the ratings of these companies.

A new seismic survey passing through Western Australia's rich iron ore, copper-lead and gold regions has commenced hoping to improve understanding of the valuable resources buried under the ground of north-west WA's crust.

Civil contractor Brierty has won an $18 million contract with Mount Gibson Iron for the construction of a haul road to the Extension Hill mine site located 260 kilometres south east of Geraldton.

Newcrest Mining chief executive Ian Smith says the federal government's proposed tax on miners could cost his company 5 per cent in net present value.

Toro Energy has decided not to exercise an option to acquire Deep Yellow's Napperby uranium project in the Northern Territory, saying the $57 million price tag is too high.

Perth-based Dourado Resources has boosted its exploration portfolio following the acquisition of unlisted public company Zelta Holdings for $1.2 million.

Miners and lobby groups have responded furiously to the federal government's intention to introduce a new resource super tax with BHP Billiton chief Marius Kloppers saying it will impact the future wealth of all Australians.

Jabiru Metals has given the go-ahead for the $32 million development of a second operation at the Jaguar copper-zinc mine, located 300km north of Kalgoorlie.

Shares in Po Valley Energy more than halved today after the Perth-based company warned that production and reserves at its Castello gas field in Italy may fall.