Atrum Coal

Canada-focused explorer Atrum Coal shares have commenced trading on the ASX, after the company completed raised $9.1 million through its initial public offering.

The strong three-month rally in Perth company Atrum Coal's share price was halted today, after the company unveiled a 460 per cent increase in resources at its flagship Groundhog anthracite deposit in British Columbia.

Naracoota Resources has appointed Eric Lilford as non-executive director. Dr Lilford was formerly national head of mining for Deloitte Touche Tohmatsu and served as a partner in its corporate finance division.

Atrum Coal non-executive technical director Eric Lilford has been appointed as managing director, following the resignation of Lyle Hobbs.

Business confidence is on the up in Western Australia in the wake of the federal election, according to new research.

Atrum Coal has completed an $18.5 million equity raising as it looks to accelerate development at its Groundhog anthracite project in Canada.

Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.

Perth-based Atrum Coal has announced it will spin-out its coal exploration assets, with plans to launch an initial public offering for a new company on the ASX later this year.

Subiaco-based Atrum Coal has signed a deal with a Chinese enterprise that will provide a $US100 million ($A127 million) facility and mining equipment to develop a section of its flagship Groundhog anthracite project in Canada.

Atrum Coal shares almost halved in price after the company announced a heavily discounted entitlement offer to raise $5 million.

Our board moves wrap includes Andrew Caruso, Max Wang, HongLiang Chen, Mike Grey, and Paul Ferrara.