TWO decades of research has taken Osborne Park software firm Stochastic Simulation to what it believes is the brink of revolutionising the oil and gas reservoir simulation industry.
THE Indian Ocean was the great 'silk sea route' Australia's great new frontier and, in many respects, its future, a report launched last week has concluded.
SHORT-TERM thinking copped a big serve from the entrepreneurs, several of whom felt it was the true villain in what has taken place in the global economy during the past six months, including the issue of executive remuneration.
Fortescue Metals Group boss Andrew Forrest and his executives did not mislead investors by overstating agreements with Chinese parties, a Western Australian court has been told.
Minara Resources says an increase in the price of nickel may be the reason behind a 29 per cent share price jump today, after it received its second query from the market regulator in less than a fortnight.
GRD Minproc, a subsidiary of Perth-based GRD, will conduct both the prefeasibility and definitive feasibility studies for Extract Resources' Rossing South uranium project in Namibia.
As part of efforts to ramp up exploration work at its Kintyre uranium project in Western Australia, Canadian miner Cameco has opened a Perth office and appointed Ron Matthews as managing director.
Mount Gibson Iron says it has resolved a dispute with one of its offtake customers, which failed to collect iron ore cargoes allocated to it under its long-term contract.
The corporate watchdog says it will ask the Federal Court to consider disqualifying Andrew Forrest from acting as a director as legal proceedings involving Fortescue Metals Group is set to start on Monday.
Centamin Egypt has entered into an agreement with Macquarie Bank for a $US25 million ($A35 million) loan facility for the development of its Sukari gold project.
Ausdrill says it has entered into a non-binding $US150 million ($A213 million) agreement with AngloGold Ashanti for drilling and blasting services at its Geita gold mine in Tanzania.
Black Swan State Theatre Company has appointed Rio Tinto Iron Ore chief Sam Walsh as its new chairman while University of Western Australia vice-chancellor Alan Robson has joined its board.
West Perth-based Navigator Resources has entered into a deal to buy the Bronzewing gold mine from the administrators of View Resources for nearly $10 million.
INDUSTRY has welcomed the Environmental Protection Authority's environmental impact assessment process review, supporting its recommendation to move towards risk-based assessments for environmental approvals.
The Western Australian Trade Opportunities Service is operated by the International Trade Centre of the Chamber of Commerce and Industry of Western Australia.
THE saga surrounding lead miner Magellan Metals has taken a new twist, with Perth mining entrepreneur Mladen Ninkov seeking to win control of the embattled Canadian company that owns Magellan.
THE gold sector has been a standout performer during the past six months, with 13 gold explorers or producers in Western Australia launching capital raisings worth a total of $275 million.
Struggling iron ore miner Territory Resources has entered a standstill agreement with, and provided additional security to, its financiers as it seeks to restructure or refinance its foreign exchange hedging and loan arrangements.
Mines Minister Norman Moore has delivered an assurance Western Australia will retain control of local mining operations despite increased foreign investment in Australian mining companies.
Fortescue Metals Group chief executive Andrew Forrest says he always expected the federal government would allow a Chinese state-owned steelmaker to increase its stake in the iron ore miner, but expects no further equity investment.
Minara Resources chairman Peter Coates will take over from current Santos chairman Stephen Gerlach when he retires from the board at the end of this year.
Government and industry have endorsed the Environmental Protection Authority's proposal to adopt a new 'risk based' approach for project assessment, unveiled in a report today.
China Minmetals' proposed takeover of OZ Minerals cannot go ahead if it incudes the target's mining operations in Prominent Hill because it would breach national security, Treasurer Wayne Swan says.
Falcon Minerals has settled a sale with Iluka Resources subsidiary Basin Minerals Holdings for its 10 per cent equity in the Echo Minerals Sands Project, located in the Murray Basin in Victoria.
Apache's Australian managing director Tim Wall will move to head the group's operations in Canada, with his deputy, John Bedingfield, replacing him as the local chief.
Iluka Resources says 23 employees and contractors will be affected by the shutdown of one of its Mid West Kilns, which was brought about by the global economic crisis.
Takeover target Hannans Reward has requested the resignation of one of its directors after he accepted the Terry Streeter-backed Fox Resources' takeover offer.
