Chinese steel making giant Sinosteel has indicated it may not support the proposed merger between takeover target Midwest Corporation Ltd and Murchison Metals Ltd as questions are raised over the latter's asset quality.
The state's current gas crisis is proving to be a boon for West Perth-based biodiesel company Australian Renewable Fuels Ltd, which today received a purchase order for the immediate supply of 500,000 litres of biodiesel.
Minara Resources Ltd today confirmed that it has secured temporary gas supply and delivery arrangements for its Murrin Murrin operation following the fire which has disrupted gas supply from Apache Energy's Varanus facility.
West Perth-based miner Kagara Ltd has expanded its resource portfolio after agreeing to pay $6.5 million plus royalties to Glengarry Resources Ltd for the Maitland copper deposit in Queensland.
Subiaco-based exploration company Crescent Gold Ltd has avoided heading to court following a $1.9 million settlement with contractor Bemex Corporation Pty Ltd.
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Ausdrill Ltd today reaffirmed its opposition to Macmahon Holdings Ltd's takeover offer, saying directors and other shareholders with 39.1 per cent of its stock would not accept the offer.
Chinese steelmaker Sinosteel has laid out a further threat to Midwest Corporation Ltd's proposed merger with Murchison Metals Ltd, extending its takeover deadline by over a month.
West Perth-based nickel producer Nickelore Ltd has opted for a 25,000-tonne heap leach demonstration plant at its Canegrass nickel-cobalt Project in the state's Western Australia's Eastern Goldfields.
West Perth-based nickel miner Mincor Resources NL has moved to accelerate one of its key exploration ventures in the zinc-lead industry after securing a joint venture with major Japanese Government entity, JOGMEC.
Apex Minerals NL has entered into a second nickel joint venture with Barrick Gold Corporation over its Lawler gold tenements in the north eastern Goldfields, which more than doubles the extent of nickel interests.
Welshpool-based NRW Holdings Ltd is pleased to advise that the agreement between NRW and Simfer S.A, a wholly owned subsidiary of Rio Tinto, has been extended through to December 31 2009
West Perth-based Lion Energy Ltd, a wholly owned subsidiary of Lion International Investments Ltd, has entered into a share purchase agreement to acquire 20.7 million ordinary shares in Papua Petroleum Ltd.
One of Western Australia's longest serving resources sector representatives, David Parker, has quit his role as a director of leading industry lobby group the WA Chamber of Minerals and Energy.
Belmont-based mineral exploration company Richmond Mining Ltd expects to list on the stock market next week after its initial public offer closed oversubscribed.
US-based company Apache Energy Ltd said it will have a clearer picture over the coming days of the extent of the damage and the impact on gas supplies caused by an explosion at its Varanus Island gas plant.
Global steel company ArcelorMittal will increase its stake in Perth-based coal producer Coal of Africa Ltd beyond 15 per cent following approval from the Foreign Investment Review Board.
Western Australia could be recycling 30 per cent of its wastewater by 2030, with the state government making water recycling a key focus of its water plan.
A West Perth-based company will be banking on the strong fundamentals of the latest hot commodity, phosphate, as it launches its $10 million initial public offering.
Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.
Rising fuel prices have failed to re-ignite the state’s fledgling biofuels sector, with producers looking to side businesses, such as glycerine production and feedstock, to generate revenue.
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An explosion at Varanus Island, a majr gas processing facility off the Pilbara coast, is expected to disrupt gas supplies to the Western Australian market for "a number of days".
Vmoto has raised $7 million through a share placement, with funds to be used to complete the acquisition of CSR Motorcycles in Spain, as well as to finalise payment for Stage 1 of its manufacturing facility in Nanjing, China.
Private equity manager, Ironbridge Capital, has acquired three specialist drilling businesses valued at $200 million that operate in the high growth mining and infrastructure services sectors.
Midwest Corporation Ltd has told shareholders their response to competing takeover proposals from Murchison Metals Ltd and Sintosteel will depend on whether they have a short-term or long-term investment horizon.
