West Perth-based Royal Resources Ltd will sell its Pilbara iron ore project to its neighbour Giralia Resources Ltd for $3.2 million in cash and shares.
The global financial turmoil appears to have hit the once impervious iron ore market after Mount Gibson Iron Ltd said some of its customers wanted shipments delayed, but other producers remain positive about the outlook.
SINCE I wrote my piece on Tony Sage a few weeks ago, two of his companies - Cape Lambert Iron Ore Ltd and International Goldfields Ltd - have lodged annual reports.
WHAT impact does a mission statement for your business/organisation have on the performance of your people? Does it make them get out of bed any quicker on Monday mornings?
MANY technology and innovation conferences in Western Australia have a sub theme that can be summed up as 'life after the resources boom', but the chair of next week's Leading Lights conference has a different focus.
CLEAN power developer Carnegie Corporation Ltd says more than a third of Australia?s base-load power needs could be economically generated by wave technology, according to a report commissioned by the
West Perth-based Centaurus Resources Ltd has offloaded most of its Australian assets to Clancy Exploration Ltd for $300,000 in a bid to focus on its portfolio of projects in Brazil.
Engineering company Neptune Marine Services Ltd has finalised a $35 million acquisition of its second offshore construction vessel, with $7 million worth of contracts already locked in.
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.
