Shares in West Perth-based Advance Energy jumped as much as 60 per cent in trading today following the announcement of its acquisition of ten producing wells covering 1,600 acres in Martin County, Texas for $US2.625 million.
Directors of Herald Resources have unanimously recommended shareholders accept an increased offer of 93 cents per share from its majority shareholder, Jakarta-based PT Bumi Resources' wholly-owned investment vehicle, Calipso Investment Pte Ltd.
West Perth-based Polaris Metals has confirmed it has held talks with its largest shareholder but has not received or is aware of any takeover proposal that may be launched.
Global company Nystar will pay $6.6 million to buy a major stake in Subiaco-based Ironbark Gold, and has agreed to a life-of mine offtake deal for the latter's Citronen lead-zinc project.
Leederville-based Cazaly Resources has failed to wrest control of the Rhodes Ridge tenements, which contain billion of dollars of iron ore, from mining giant Rio Tinto.
The second legal showdown between Murchison Metals and Chameleon Mining is due to start tomorrow over key Mid West iron ore tenements valued at up to $1.5 billion.
Mining company OMH Holdings has secured a $294 million deal to acquire a majority stake in a South African manganese project, and will welcome Brian Gilbertson onto its board.
Michael Minosora has resigned as the chief financial officer of Fortescue Metals Group to take up the managing director position at little known West Perth-based explorer, Atlantic.
Thai oil and gas firm PTT Exploration and Production Public Company will acquire a subsidiary of OMV Australia that holds interests in the Timor Sea, in a deal valued at about $US10 million ($A11.6 million).
Perth-based Dragon Mining plans to buy the remaining interest in the Weld Range tenements in the Mid West from joint venture partners Minara Resources and the administrators of Sons of Gwalia for $2.35 million.
The impact to an environmentally sensitive area within Sinosteel Midwest Corporation's Mid West iron ore project has been deemed minimal, as the state government today upheld the Chinese company's appeal.
World oil prices tumbled Thursday as weak US economic data and signs of sluggish energy demand in the United States highlighted fears about a tepid recovery from the global recession.
A Chinese company has abandoned plans to take control of rare earths explorer Lynas Corporation after Australian regulators demanded it reduce the scope of the planned transaction.
Cazaly Resources will raise $4 million through a private deal with an unnamed Chinese company, as it looks to advance Parker Range iron ore project in the Yilgarn region.
Another Chinese entity has made its way onto Mount Gibson Iron's share register, with the coal company buying Shougang Concord's interest in the miner for $176.3 million.
PERTH'S commercial office market and the state's building industry are both looking to big gas developments such as Chevron's Gorgon project to be a key driver of activity.
THE major engineering companies in Western Australia cut employment by 15 per cent during the past 12 months, defining the impact of the global financial crisis on the sector.
Perth-based explorer CityView Corporation has scrapped one acquisition in favour of another that will give it a controlling stake in a coal briquette company, with the deal valued at $27 million.
Entrepreneur and minerals explorer Bill Clough has cashed in a large pile of Mirabela Nickel shares, pocketing more than $6.5 million through an on-market sale.
Gold miner Resolute Mining has expanded its capital raising efforts with an $18.9 million placement to a European fund manager, which is on top of a recent $25 million convertible note issue.
Macmahon Holdings has appointed Ken Scott-Mackenzie as chairman, replacing Richard Carter who has decided to retire at the company's general meeting in November.
West Perth-based gold miner Resolute Mining will tap the market for fresh equity again, nearly three weeks after it announced a convertible note issue to raise up to $35 million.
Shares in United Minerals Corporation have climbed higher after the Perth-based company announced it had increased its Pilbara iron ore resource, boosting its confidence of production in early 2011.
Grange Resources says it has raised $124 million from the rights issue component of its capital raising strategy, with funds to go towards debt reduction and a restructure of iron ore royalty obligations.
Shares in Liberty Resources have surged higher on the back of a resource boost from 338 million tonnes to 3.1 billion tonnes at its Queensland coal tenements.
