A month after announcing an equity investment restructuring at its Fisherman's Landing LNG plant, Liquefied Natural Gas has agreed to sell the plant and associated infrastructure to Arrow Energy for $51 million.
Engineering and construction company Decmil Group has reported an after tax profit of $9 million for the first half of 2009/10, largely on the back of significant contract wins by its subsidiary, Decmil Australia.
Shares in Galaxy Resources were higher after the company finalised a long-term shipping contract for the transport of spodumene concentrate from the Esperance port to China.
Preparations for the Browse gas development have begun with Woodside Petroleum awarding several contracts for the initial design phase, a day after the joint venture partners selected a gas processing site.
Mining giants Rio Tinto and BHP Billiton are believed to have finalised the seven member senior executive team that will run their iron ore joint venture in the Pilbara.
The Western Australian government is set to gain full ownership of Australia's only gold refinery after the three partners in AGR Matthey decided to dissolve their partnership.
Two Tony Sage-led companies plan to raise up to $260 million as a condition of deals to acquire businesses associated with controversial businessman Frank Timis.
Disgruntled workers at the Pluto gas project will be offered a deal later this week after Woodside Petroleum, project manager Foster Wheeler Worley and unions came to a compromise over motelling plans.
Woodside Petroleum CEO Don Voelte this afternoon said he is 95 per cent confident Woodside's Browse project will go ahead after the project's joint venture partners agreed on James Price Point as the location to process the gas from the Browse Basin field
Sandfire Resources gained more than five per cent today after reporting positive results from last year's diamond drilling programme at the DeGrussa Copper-Gold Project, part of its wholly-owned Doolgunna Project in WA.
Tusker Gold has recommended to shareholders to accept a takeover offer from mining giant Barrick Gold which will see Barrick acquire all of the issued shares in Tusker for 80 cents per share.
Pilbara iron ore developer Aurox Resources has secured an agreement with China's leading mining engineering services provider for the provision of engineering, procurement, and construction (EPC) services and assistance in financing its Balla Balla projec
Gold explorer Mundo Minerals' share value has slid almost 20 per cent in trading today after announcing it will raise more than $15 million in a placement and rights issue to repay loans and further develop its Peruvian and Brazilian gold projects.
The share price of copper explorer Alchemy Resources climbed more than seven per cent today after announcing an aggressive exploration drilling campaign at its Magnus project adjacent to Sandfire Resource's Doolgunna discovery in WA's Gascoyne region.
Shares in mineral exploration outfit Legend Mining have climbed more than 10 per cent in morning trade after announcing it would exercise its right to acquire a 90 per cent interest in a Cameroon iron ore project following a positive aeromagnetic survey.
Shares in exploration minnow Kings Minerals fell today after announcing plans to complete a business combination with its 71.3 per cent controlled subsidiary, San Anton Resource Corporation before listing on the Toronto Stock Exchange.
Shares in Aurora Minerals have climbed slightly after announcing it is in discussions with its 53 per cent-owned subsidiary Desert Energy to enter into a joint venture on its wholly-owned Camel Hills Project in central Western Australia.
Fortescue Metals Group says it will vigorously defend an appeal the corporate watchdog has lodged regarding a ruling that found in favour of the miner and its chief, Andrew Forrest.
Nickel miner Panoramic Resources is forecasting to be back in the black, today lifting its interim profit guidance to $20 million compared to the $8.6 million net loss it booked the previous year.
Perth-based Phosphate Australia is considering a $226 million slurry pipeline option for the development of its Highlands Plains project that straddles the border of Queensland and Northern Territory.
Miner Kagara expects to launch the initial public offer of its gold spin-out vehicle in April as operations returned to profitability in the December quarter on the back of a higher metal price environment.
High profile accountant Domenic Martino will be joining Pan Asia Corporation as chairman once the company completes its acquisition of Innovation West.
A higher nickel price and better returns on listed investments have prompted miner Independence Group to lift its first half profit guidance to $11.2 million.
Perth companies Tanami Gold and ABM Resources have teamed up to buy a portfolio of gold projects in the Northern Territory from Newmont Asia Pacific for close to $33 million.
Shares in Indo Mines have soared after the company announced it had acquired unlisted company Fireside Resources and its various Indonesian resource assets including a coal project scheduled to begin production in April.
Perth businessman Rick Hart, better known for his namesake retail outlets, is excited about his next venture outside of retail, crossing over to the resources sector as chairman of new gold exploration company, Renaissance Minerals.
Chevron's long-term plans for its $43 billion Gorgon project have been given a boost today after the discovery of gas in the Greater Gorgon area in the Carnarvon Basin.
Shares in India Resources have closed 30 per cent higher after the company signed a 30 year agreement, potentially valued at $500 million, to develop and operate a coal mine in India.
Woodside Petroleum's plan for a second gas processing train at its Pluto project has been bolstered by a gas find in the Greater Pluto area as up to 1,500 Pluto workers took to the streets of Karratha to protest against a "motelling" plan.
