The corporate watchdog has issued fines totaling more than $700,000, within six months, against companies that failed to comply with financial reporting requirements.
AustSino Resources Group will receive $100 million from an entity associated with its chairman to facilitate the company's planned investment in Sundance Resources.
Minister for Ports and Regional Development Alannah MacTiernan says a multi-billion dollar Oakajee port and rail project is unnecessary and Sinosteel's Midwest general manger said there were no guarantees the company would push ahead with the project.
Helix Resources is pleased to announce the completion of a placement to raise $0.9m via the issue of 30,000,000 at the last market close price of 3 cents.
A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.
Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 M
Paul Thomson has signed a new service agreement with A-CAP Resources and will transition from his current role of managing director to chief executive.
AustSino Resources Group has appointed Michael Keemink as executive director. Edward Saunders, current executive chair, will become non-executive chair.
Padbury Mining has again attracted regulatory attention, with the company acknowledging it should have notified the ASX when it negotiated potential capital raisings worth $106 million with a Hong Kong-based investor last year.
Padbury Mining directors Gary Stokes and Terry Quinn have each been fined $25,000 and banned from being company directors for three years after the Federal Court found their announcement of a $6 billion funding deal for the Oakajee port and rail project was misleading and deceptive.
Padbury Mining and two of its directors have entered into a settlement agreement with the corporate watchdog over misleading statements made last year, but they could still face penalties in the Federal Court later this week.
Company director and accountant Graham Anderson, who held positions with about 10 listed companies, has passed away after suffering a heart attack yesterday.
The corporate watchdog has begun civil penalty proceedings against Padbury Mining and two of its directors over statements made last year claiming the company had lined up $6 billion in equity to fund construction of a port and rail network at Oakajee north of Geraldton.
The depressed iron ore price is prompting “gun shy” Padbury Mining to increase its tenement asset base, snapping up a hematite and magnetite deposit owned by Radar Iron.
Padbury Mining has appointed Steinepreis Paganin to review the company's corporate governance policies in the wake of its failed equity funding deal to construct a port and rail network at Oakajee.
Shares in junior explorer Padbury Mining have plunged as the company resumed trade and revealed details of its short-lived $US6.47 billion ($6.89 billion) equity funding deal to construct a port and rail network at Oakajee.
Less than three weeks after announcing it had secured $US6.47 billion ($6.89 billion) in equity funding to construct a port and rail network at Oakajee, junior explorer Padbury Mining says the deal is now dead.
Padbury Mining has confirmed the identity of its mysterious wealthy backer as hair regrowth businessman Roland Bleyer but has again called for more time before it can disclose details of the funding arrangement.
Padbury Mining has sought another extension to its suspension from trading, saying it needs more information from its mystery backer to determine whether they have the capacity to provide a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee.
Finally, after decades of dithering and empty promises there is hope the ambitious Oakajee port and rail plan in the Mid West will move beyond the drawing board, not that there will be a ground-breaking ceremony for a few more years.
Premier Colin Barnett says he can't see "a great deal of substance" in junior explorer Padbury Mining's claims it has secured a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee, as the company missed a self-imposed deadline to reveal its mystery backer.
Hours after announcing it had secured $US6.47 billion ($6.89 billion) in equity funding to construct a long-heralded port and rail network at Oakajee, junior explorer Padbury Mining has put its shares in a second trading halt in anticipation of revealing the identity of the investors.
A push by Denis McInerney and a group of dissident shareholders for a board spill at junior miner Padbury Mining has been defeated and cast doubts over a takeover bid by Fe Limited.
Tony Sage's Mid-West iron ore play Fe Limited has put more pressure on the embattled board of Padbury Mining, announcing it will bid for the iron ore junior if existing directors Luke Innes, Gary Stokes and Colin Stirling leave the company.
The board of Padbury Mining has disputed if dissident shareholders, led by Denis McInerney, have the support of enough shareholders to force a general meeting and board spill.
