FORMER technology company, Wavenet International Ltd, has joined the rush by local investors seeking to exploit booming coal prices, agreeing to buy a stake in four coal tenements in Queensland.
As much as $440 million in surpluses generated by member contributions to the Gold State Super pension fund could have been moved out of government reach under a $9 billion mutualisation plan halted by treasurer Eric Ripper last week.
EIGHT months after it bought the site for $70 million, Goodman International Ltd has signed US-based drilling services company, Boart Longyear Ltd, as the anchor tenant for its Stockyards Industrial E
Engineering company Ausenco Ltd will provide West Perth-based Equinox Minerals Ltd with $8 million in additional costs following a fire at the Lumwana copper project in Zambia.
Western Areas NL said it is on track to produce more than 14,000 tonnes of nickel next year at low cash costs after posting a positive June quarterly report.
Sinosteel is within reach of taking out a controlling stake in takeover target Midwest Corporation Ltd, increasing its interest today to 47.14 per cent after some Midwest directors decided to sell their stake to the steelmaker.
Balkans Gold Ltd plans to raise $3.2 million via a non-renounceable pro rata rights issue to help fund its acquisition of West African Resources Ltd and ongoing exploration programs.
West Perth-based African Energy Resources (Guernsey) Ltd and partner Albidon Ltd have elected to proceed with a bankable feasibility study over an African uranium project after a previous analysis pegged total capital costs at $93 million.
Eight months after it bought the site for $70 million, Goodman International Ltd has signed US-based drilling services company, Boart Longyear Ltd, as the anchor tenant for its Stockyards Industrial Estate in Hazelmere.
West Perth-based Universal Resources Ltd has mandated the Royal Bank of Scotland and ABN AMRO in London to arrange a $US30 million bridging finance facility for the development of its Roseby copper project.
Avoca Resources Ltd has officially become a gold miner today after it started gold production from its Higginsville project in Western Australia while it received a cash bonus for bringing the mine to life under budget.
Four Midwest Corporation Ltd directors have decided to accept Sinosteel Corp's takeover offer, a day after its merger with Murchison Metals Ltd was called off.
Crescent Gold Ltd shares have sunk to a 12-month low after the gold producer suspended its Laverton operation in Western Australia following problems with the processing plant.
West Perth-based Tap Oil Ltd has forecast a significant impact on its bottom line following disruptions at its Woollybutt oil field which kept it offline for most of the year.
Michael Kiernan has released details of a $30 million funding package to save Monarch Gold Mining Company Ltd, which includes a $25 million capital raising and an interest-free $15 million loan provided by the Kiernan family.
Welshpool-based RCR Tomlinson Ltd has expanded its services in South Australia following the acquisition of an engineering services company for $3.5 million
The falling nickel price has hit Perth companies Fox Resources Ltd and Australian Mines Ltd, which have been forced to either wind down operations or defer capital development.
NRW Holdings Ltd has secured another contract from Rio Tinto Ltd subsidiary Hamersely Iron Pty Ltd for its Brockman 4 project, taking its total current works at the project to $132 million.
Woodside has been able to further increase output at the North West Shelf joint venture past the 100 terrajoules of gas per day that was initially estimated in the wake of the state's gas crisis.
World oil prices hit a new record high above $US145 per barrel today, as the market was energised by Middle East tensions, falling US crude reserves and the weak dollar, traders said.
Skywest Airlines Ltd has signed a scheduled charter supply contract with Rio Tinto Services Ltd for flights to and from Perth to mine sites in Western Australia.
PLANNING and Infrastructure Minister Alannah MacTiernan has named Macmahon Contractors Pty Ltd as the preferred proponent for the extension of Reid Highway.
WEST Perth-based minerals company, Murchison United NL, is set to be repositioned as a global uranium company after unveiling a strategic alliance with industrial and nuclear energy giant Areva NC.
A $5 million grant from the AusIndustry Commercial Ready program will fuel what Perth-based mining software provider Micromine says will be the largest mining software project ever undertaken.
SUBIACO-BASED mineral explorer, Haddington Resources Ltd, will press ahead with its expansion strategy into drilling services via acquisitions, this time eyeing Brisbane-based company Phoenix Drillin
PT Bumi Resources Tbk has increased its takeover offer for Herald Resources by 5 cents, putting an end to the stalemate with rival bidder Antam-Zhongjin as the latter demands a break fee of $5 million.
West Perth-based Alchemy Resources Ltd has expanded its footprint in the gold sector following a move to acquire the Western Australian division of Polymetals Group Pty Ltd which holds gold projects near Kalgoorlie.
