Minerals explorer TNG has finally lodged a prospectus for the demerger of its base metals portfolio into a spin-out company, while Heron Resources and Force Commodities have both progressed their respective demergers.
Shares in Blackham Resources have plummeted after it announced it had received commitments for $3.15 million at 11.5 cents per share to fund exploration and development studies at its Matilda gold project.
The Department of Mines and Petroleum is seeking to recover about $11 million in unpaid royalties amid producer disquiet about possible royalty rate increases.
Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios's investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.
A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.
Perth builder Gavin Construction has officially ceased trading, capping off a horror month that has seen six significant Western Australian businesses in contracting, engineering and mining fall into administration or receivership.
Shares in Apex Minerals jumped on the ASX today after the Perth-based announced an agreement to sell its Youanmi gold mine near Sandstone in the Murchison for $15 million.
Shares in Apex Minerals have climbed higher on news the gold miner has started a strategic review to look into the potential sale of its flagship Wiluna gold mine or the entire company.
Apex Minerals shares have jumped after the gold miner announced it is seeking to raise nearly $11.4 million through a private placement and rights issue.
Apex Minerals has successfully completed a $5 million capital raising through a share placement to institutional and sophisticated investors to fund operational improvements at its Wiluna gold project.
Shares in gold miner Apex Minerals are in a trading halt ahead of a capital raising expected to raise $100 million to support the company's proposed recapitalisation and restructure.
Gold miner Apex Minerals has raised a total of $24.6 million in new capital, via a $19.6 million share placement and a $5 million credit facility from major shareholder Mark Creasy.
West Perth-based Apex Minerals expects to pour first gold from its Wiluna gold mine next week after technical plant delays were repaired quicker than expected.
Apex Minerals NL announced today that it has successfully completed a $62 million placement to be used to fund the company's program to resume gold production at the Wiluna Gold Mine by the end of 2008.
West Perth-based metals explorer Apex Minerals NL has fully completed its acquisition of the Youanmi gold project from the TSXV-listed Goldcrest Resources Ltd, after paying $5 million and issuing 14.3 million shares to the vendor.
West Perth-based metals explorer Apex Minerals NL will complete a $35 million placement to help fund the $16.5 million cash component of an acquisition from Oxiana Ltd.
West Perth-based metals explorer Apex Minerals NL will raise $32.2 million through a placement to fund its recent project acquisitions, the company announced today.
West Perth-based Apex Minerals NL will spend $28 million to acquire three separate gold tenements in Western Australia's eastern goldfields through cash and scrip issues, the company announced today.
West Perth-based metals explorer Apex Minerals NL has entered into a joint venture with Subiaco-based Carey Mining Ltd to explore for nickel at Barrick Gold's Lawlers project, earning 70 per cent of nickel rights.
