Nickel miner Western Areas says it received strong interest in its convertible bonds issue that raised $125 million, which will partly be used to pay debts with BHP Billiton and ANZ.
Former Polaris Metals chief Ken Hellsten has been appointed managing director of Strike Resources as incumbent Shankar Madan takes the chairman role after John Stephenson passed away last month.
Swick Mining Services has been awarded a new underground drilling contract by Newmont Mining, which is expected to generate more than $50 million in revenue for the drilling specialist over three years.
Shares in Oklo Uranium surged after it announced it had acquired a 70 per cent interest in a Namibian uranium project located near Paladin Energy's Langer Heinrich uranium mine.
Former biotechnology outfit PharmAust has flagged a rights issue as it expands into the oil and gas sector with a farm-in agreement over a two exploration permits near Sicily.
Cape Lambert Resources has revealed plans to take full control of DMC Mining, launching a $34 million cash offer today for the explorer which controls an iron ore project in the Republic of Congo.
Less than two weeks after being appointed to lead Conquest Mining, former Sino Gold chief Jake Klein has resolved a dispute with Gold Fields Australasia over the Mt Carlton project in Queensland.
Mineral Resources intends to launch a takeover for manganese outfit Mesa Minerals with shareholders in the target split on Mesa's recommendation of the offer, with some saying the approval reflect the actions of a desperate board.
Shares in West Perth-based Kilgore Oil and Gas were higher today after the explorer announced plans to buy a majority share in a coal seam gas company through a share sale deal valued at nearly $13 million.
Brazilian company Vale is the latest mining giant to become a core industry participant at Bentley-based Parker Centre, which specialises in hydrometallurgical processing research for miners.
Shares in Subiaco-based Ampella Mining closed higher today after the junior announced the board had approved a $13 million exploration program for calendar 2010.
Western Australian gold miners have called on Premier Colin Barnett to first understand the gold sector's contribution to the state before singling out gold producers for increased tax.
Rio Tinto will shortly start a review of its HIsmelt pig iron plant, which is on care and maintenance, as the leasehold on the land is set to expire this year.
Explorer Catalpa Resources plans to raise $20 million with part of the funds to be directed towards a restructure of an existing debt facility with Macquarie Bank.
Shares in Forge Group surged higher today after the company upgraded its earnings forecast and secured a second contract at the Sino iron ore project, valued at more than $40 million.
CBH Resources has revealed that major shareholder, Japan's Toho Zinc, has proposed a proportional takeover offer in response to the $213 million offer from Belgium's refining major, Nyrstar.
South Perth-based Central Petroleum has today unveiled plans to raise $22.6 million through a rights issue that has been fully underwritten by Patersons Securities.
A drilling contractor jointly owned by Perth companies Ausdrill and Barminco has secured two contracts valued at $US155 million ($A169 million) for underground work in West Africa.
CBH Resources confirmed today it has received a sweetened takeover offer from Belgium's Nyrstar NV, which has increased its previous offer by $65 million.
The nation's iron ore and coal exports reached record levels in the December quarter last year on the back of strong demand from key Asian markets including Japan, the Republic of Korea and China.
WildHorse Energy says it has entered into agreements to raise $21.8 million, which will be used to fund development of a newly acquired underground coal gasification project in Hungary.
Unlisted public company Cashmere Iron is expecting to play a key role in the growing Mid West iron ore province after it today unveiled an iron ore resource of more than 1 billion tonnes.
Indian miner NMDC, Saudi Arabia's ABS Consulting and Sydney-based Boulder Steel are reportedly planning to submit a $US230 million ($A252 million) proposal to buy a large stake in one of Atlas Iron's Pilbara iron ore mines.
Shares in Territory Resources surged higher today after the iron ore miner reported a turnaround in first half earnings to book a net profit of $13.7 million.
Shares in Chalice Gold Mines closed higher after it entered an option deal to buy out its joint venture partner's interest in an Eritrea project for up to $16.2 million.
Explorer Poseidon Nickel says it is in negotiations with parties in Asia and the US regarding further substantial funding after it today received commitments to raise up to $2 million.
Tony Sage's International Petroleum, formerly International Goldfields, has completed a $30 million capital raising and will now move ahead with the acquisition of Eastern Petroleum Corporation.
