Ausdrill Ltd managing director Ron Sayers has spent $8.1 million boosting his stake in the company over the past two days, as it continues to fend off a takeover bid by Macmahon Holdings Ltd.
A study has valued Australasian Resources Ltd's share of the Balmoral South iron ore project in the Pilbara at $3 billion, highlighting the economic viability of the operation that has a 28 year mine life.
Subiaco-based Cougar Metals NL plans to raise $2 million to fund the development of its Brazilian mineral drilling business and continue work on its Pyke Hill nickel project in Western Australia and Alta Floresta gold project in Brazil.
West Perth-based Hemisphere Resources Ltd has fended off the likes of Fortescue Metals Group Ltd and Brockman Iron Ltd to win a ballot for a Pilbara iron ore tenement close to Rio Tinto's Yandicoogina mine.
Malaga-based Advanced Engine Components Ltd has received an order for over 300 natural gas vehicle system kits from Weifang Weichai Peterson Gas Co Ltd in China.
Cause of gas blast is still top secret; Burnt car dealer sues Euroz over Opes loss; Cazaly eyes another big Rio iron ore prospect; B&B keeps bankers on side; Super fund returns worst for 20 years
Base metals miner CBH Resources Ltd, which is planning to merge with Perth-based Perilya later this year, is undertaking a major corporate and operational restructure to help it withstand falling commodity prices.
Calls from the federal opposition for a second gas pipeline to protect the state's gas supply are misguided, the Australian Pipeline Industry Association said today.
Balcatta-based resource company Tiger Resources Ltd has received approval to list its ordinary shares on the Toronto Stock Exchange and plans to list early next month.
Perth-based small scale copper miner Redbank Mines Ltd plans to reduce its debt facility with Macquarie after raising $1.2 million from the issue of 24 million shares at 5 cents each.
Two of Australia's resources-rich states, Western Australia and Northern Territory will continue to hire more employees than they lose in the next six months while New South Wales and Victoria employers have a bleaker outlook, according to Talent2 survey.
West Perth-based oil company Tap Oil Ltd has restarted production at the Woollybutt field after technical and compliance issues cause it to be shut down earlier this year.
Diversified base metals explorer Haddington Resources Ltd will not go ahead with its acquisition of Adelaide-based drilling company Underdale Drillers.
Pankaj Oswal's Burrup Holdings Ltd has today announced it will postpone its $502 million initial public offer as it awaits further guidance from Apache Energy Ltd on the expected resumption of gas supplies.
Takeover target Ausdrill Ltd has upheld its rejection of Macmahon Holdings takeover offer as it enters into contracts potentially worth $US51 million ($A54.4m) in revenue.
Perth-based gold explorer CGA Mining Ltd has successfully raised $C35 million ($A36.5 million) with funds raised to contribute to the development of its Masbate gold mine in the Philippines.
Chinese steel making giant Sinosteel Corporation has edged closer in spoiling the proposed merger between takeover target Midwest Corporation Ltd and Murchison Metals Ltd, by lifting its stake in the iron ore producer.
Syringe company RTL Corporation Ltd has shifted its focus to the mining services sector following a deal with Every Day Mine Services Ltd to acquire the intellectual property of a specialised mining equipment.
West Perth-based diamond explorer Lonrho Mining Ltd has deferred its listing on London's Alternative Investment market as it finalises the sale of it non-core assets and acquisition negotiations.
Osborne Park-based Fairstar Resources Ltd has ended its lengthy takeover bid for Golden West Resources Ltd but its final stake in the takeover target has yet to be determined.
Western Australia's two major industry lobbies, the Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy, have witnessed changes at the top during the past year, with new leadership taking the reins.
One of the world's rarest elements, thulium, could have a big impact on the nickel industry if a revolutionary analysis technique developed by little-known company XRF Scientific takes off.
Hazelmere fabrication company, Specialised Welding Australia Pty Ltd, last week transported one of the largest vessels ever moved on Western Australian roads.
Perth remains on track to take the listings crown for 2007-08, having launched the most companies on the Australian Securities Exchange this financial year.
