Global miner First Quantum Minerals is set to purchase a stake in West Perth copper junior Caravel Minerals, adding to its interests in Western Australia.
BHP Billiton has withdrawn from a farm-in agreement with St George Mining over nickel rights attached to the East Laverton project just months after agreeing to proceed with the deal.
Gold and iron ore are the newsmakers in Western Australia's mining industry but nickel could be the troublemaker, with most nickel mines now operating at a loss, potentially triggering another roun
St George Mining shares have risen 16 per cent after BHP Billiton Nickel West agreed to proceed with a farm-in arrangement over nickel rights to tenements at St George's East Laverton project.