The surging iron ore industry delivered a big boost today for West Perth-based miner Mount Gibson Iron Ltd, which reported a doubling of profit, and engineering company WorleyParsons Ltd, which signed a $260 million contract with Fortescue Metals.
Subiaco-based IMX Resources NL has signed two agreements with its Chinese partners regarding the offtake from its South Australian mine and the potential acquisition of a processing plant in China.
Berkeley Resources Ltd has released its maiden resource estimate for its Gambuta uranium deposit in Spain, with investors liking the news and pushing the company share price up nearly 10 per cent.
Subiaco-based Red Fork Energy has secured $33 million for the exploration of a new gas project in Oklahoma after signing a joint venture deal with a Dallas-based company.
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A hearing between Murchison Metals Ltd and Chameleon Mining NL is likely to be held early next year as the deadline for the second tranche of security for costs edges closer.
West Perth-based Nkwe Platinum has signed exclusive option agreements valued at nearly $A14 million with global mining company Xstrata and Leederville-based International Goldfields Ltd over several African projects.
Brand New Vintage Ltd Frank Kraps has been appointed non-executive director. Hodges Resources Ltd Lisa Wynne has been appointed company secretary following the resignation of Bryan Dixon.
Domestic air travel to and from Western Australia has increased substantially during the past year, with flights from Kalgoorlie and Brisbane to Perth among the fastest growing routes in the country.
Boutique private equity firm InGlobo Asset Management Pty Ltd is looking for more acquisitions in the mining services sector after its debut purchase of Integrated Industrial Mining Supply Pty Ltd.
Perth-based mining explorer and developer Azure Minerals Ltd has found a wealth of opportunities in Mexico, currently holding 22 base and precious metals mining projects in the region.
Cape Lambert Iron Ore Ltd has today completed settlement of the $400 million sale of its namesake project to China Metallurgical Group Corp as it receives the first payment of $240 million.
Atlas Iron Ltd has sealed a port-access deal with Fortescue Metals Group at its new Port Hedland facilities while another agreement has been reached for the iron ore miner to earn up to an 87.5 per cent interest in Atlas' Abydos iron ore project.
Rio Tinto will contribute $5 million towards the establishment of Australia's first emergency jet service for the Royal Flying Doctor Service, where jets will be able to fly from Kununurra to Perth in three hours.
Former biotechnology company EQiTX Ltd has completed its transformation into a coal producer and explorer following a name change to Equatorial Coal Ltd.
Billionaire Clive Palmer's Resource Development International Ltd has made a formal bid for Australasian Resources Ltd, which is set to play a key role in the mining of 20 billion tonnes of iron ore from the Balmoral tenements in Western Australia.
The State Government has approved a new assessment system to encourage mine owners to fulfil their tenement obligations for mine closure and rehabilitation, which has been welcomed by the Chamber of Minerals and Energy and the Conservation Council of WA.
West Perth-based Uranium Equities has lodged a provisional patent application in the United States relating to the extraction of uranium from wet phosphoric acid.
Macmahon Holdings Ltd has jumped the gun in its takeover bid for Ausdrill Ltd, extending the offer period by one month and allowing Ausdrill shareholders the right to withdraw acceptances.
West Perth-based Mirabela Nickel Ltd has drawn down $US50 million of an $US80 million financing facility secured last month to progress its Santa Rita project in Brazil.
West Perth-based EnviroGold Ltd has terminated, by mutual consent, an exclusive mandate for the financing of its Las Lagunas gold project in the Dominican Republic.
Despite the uninviting conditions stocks face in the market, two resource companies will test their mettle against the doom and gloom when they launch their initial public offers.
Brisbane-based contractor Watpac Ltd is set to acquire JMS Civil and Mining Pty Ltd Group, which counts the state's Water Corporation and the Department of Main Roads as clients.
