Engineering firm Clough Ltd has secured a further $20 million in work for its vessel, Normand Clipper in the Gulf of Mexico for Apache Corporation and Oceaneering International.
The potential merger between CBH Resources Ltd and Perilya Ltd will have to go ahead without the Mount Oxide copper project, after formal agreements were executed for the $20 million scrip sale.
Emerging producer Atlas Iron Ltd expects to disclose its off-take arrangements shortly as it today received the final environmental approval for its Pardoo iron ore project in the Pilbara.
Apex Minerals NL said it is "judicious" to implement a hedging project to protect its exposure to the Australian dollar gold price over the next three years.
West Perth-based Equinox Minerals Ltd has secured a new $103 million loan facility, underwritten by a banking syndicate, for its Lumwana copper project in Zambia.
After teething problems with its processing plant, uranium miner Paladin Energy Ltd has achieved full production during the September quarter at its Langer Heinrich mine in Namibia.
Subiaco-based Poseidon Nickel Ltd will sack at least nine workers after the company said yesterday it had suspended work at the underground Mt Windarra Nickel Project in the Goldfields.
The global financial turmoil has hit the Andrew Forrest-chaired Poseidon Nickel Ltd, with the company suspending mining activities at its Mt Windarra underground mine in the Goldfields.
Grange Resources Ltd will pocket more than $13 million in cash after it agreed to sell a 30 per cent stake of its Southdown magnetite iron ore deposit to Sojitz Resources and Technology Pty Ltd.
IT has been a tough past few months for companies looking for extra cash, with the surge in market volatility causing investors to further tighten the purse strings.
CHINA continues to dominate Western Australia's export focus, generating more than $16 billion in revenue in 2007-08, according to figures from the Department of Industry and Resources.
WESTERN Australia formally lost its bid to host a multi-billion dollar liquefied natural gas plant on Friday, with Japanese company Inpex Ltd and project partner Total E&P Australia announcing Darwin
WHILE the September quarter could best be described as a dismal one for initial public offers, the number of Western Australian firms listing on the stock market has largely remained steady compared with the previous quarter.
Brockman Resources Ltd has signed a native title agreement over its Pilbara iron ore project, putting it on track to achieve first production late next year.
Balcatta-based Perseus Mining Ltd has estimated capital costs for its gold project in Ghana to cost $220 million as the definitive feasibility study remains on track for completion in April next year.
Brisbane-based Norton Gold Fields Ltd will move to acquire the remaining shares in West Perth-based Bellamel Mining Ltd after its friendly takeover offer closed yesterday.
Perth-based CGA Mining Ltd expects to start producng gold from its $250 million Philippines project in the first quarter of next year as construction of the operation runs ahead of schedule.
Impairment losses and write-downs of inventories has hit mineral sands miner Matilda Minerals Ltd, which posted a full year net loss of $17.3 million for fiscal 2008, up from the previous year's net loss of $3.1 million.
Lessons learnt from the Asian financial crisis are now cushioning the region from the continuing global fallout overnight from the United States equities quagmire, according to one of South East Asia's most prominent business commentators.
GRD Minproc, a subsidiary of GRD Ltd, has secured the engineering contract for the $5.2 billion Sino iron ore project in Western Australia, currently being developed by Citic Pacific Mining.
North Perth-based Stonehenge Metals Ltd has terminated an agreement to acquire a majority stake in an Indonesian nickel project due to unresolved issues surrounding exploration permits.
Rio Tinto's share raid on South Perth-based Extract Resources Ltd has continued, with the mining major lifting its stake in the explorer to 14.4 per cent.
Emerging Perth-based base metals company Bass Metals Ltd has confirmed a maiden $1.78 million net profit for fiscal 2008 financial, underpinned by strong high-grade production from the Que River operation in Tasmania.
