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.
Mount Gibson Iron says its Koolan Island iron ore operation will be back to full capacity today after ex-Tropical Cyclone Magda fizzled out over the weekend.
Between 600 and 1000 workers have walked off the job on Woodside's $12 billion Pluto project after being threatened with eviction over an issue with the worker's dongas, the Australian Manufacturing Workers Union has claimed.
The head of Moly Mines is confident of receiving the final two approvals required from the Chinese government to initiate financing and development of its Spinifex Ridge project before the end of February.
Shares in iron ore explorer Indo Mines climbed more than 20 per cent before entering a trading halt pending an announcement about a potential acquisition of new exploration and mining interests.
Shares in West Perth-based Emergent Resources have fallen in trading today after announcing it has received subscriptions from sophisticated and professional investors to raise $3 million.
Iron ore miner Atlas Iron's direct shipping ore (DSO) stocks have doubled to more than 186 million tonnes paving the way for the planned increases in production and sales revenue over the next three years.
Mount Gibson Iron is evacuating 228 employees from Koolan Island as a precautionary measure following forecasts from the Bureau of Meteorology regarding the future movement and intensity of Tropical Cyclone Magda.
Minerals exploration company Australian Minerals & Mining Group has closed its initial public offering almost six weeks early, and significantly over-subscribed having raised $7.5 million ahead of a listing on the ASX.
Subiaco-based miner ElDore Mining Corporation has announced the appointment of an internationally experienced director as chairman and director of the company effective immediately.
Shares in oil and gas contractor Neptune Marine Services have fallen almost 14 per cent in trading today after the company announced its earnings for the first half of FY2010 will be well below that of the previous corresponding period.
OM Holdings has announced a $41 million strategic investment in ASX listed iron ore producer Northern Iron which will result in OMH becoming a 10 per cent shareholder in the Norway-focussed iron ore player.
Ampella Mining has announced an 1.2 million inferred resource estimate for its Konkera prospect within the Batie West Gold Project, Burkina Faso in West Africa after only acquiring this virgin project less than 18 months ago.
Miner Mount Gibson Iron has recorded a net profit of $39.3 million for the first half of the 2010 financial year while hitting new records in sales and mining.
