News Articles for Focus Minerals

This week's Bulls N' Bears' ASX Runners of the Week is… Eden Innovations, after it broke into the clean high-rise building sector and announced record concrete additive sales. Focus Minerals shot up thanks to a juicy $250 million cash gold project sale, InFocus Group unveiled a blockbuster $5M deal to become the exclusive tech partner for a Taiwanese gaming guru and market darling Dateline Resources had another roaring run.

Our board moves wrap includes Shannon Robinson, David Koch, ZhongShan Song, and Peter Kennan.

Si6 Metals has struck high-grade shallow gold out the back of Laverton in WA's Goldfields in the maiden aircore drilling program at its Monument Gold project.

Panther Metals appears to have the tiger by the tail at its Burtville East project about 40km south-east of Laverton in WA, delivering another set of eye-catching gold results, including a 1m intercept running a bonanza 62.8 grams per tonne from 91m. The feature result sits inside a larger 10m strike grading 7.15 g/t gold from 84m and follows a phase one campaign that returned several compelling hits.

Our board moves wrap includes Karl DeMong, Brett Lawrence, Jason Kulas, Timothy Jugmans, Susan Thomas, Ged Hall, Dennis Jensen, Robert Scott, ZhaoYa Wang, WangHong Yang, Rowan Johnston, Ben Laird, Peter Wallace, Lawrence Marshall, Benjamin Donovan, Julien Sanderson, Matthew Carr, Tamara Brown, Michael Skead, and Laurie Marsland.

Major Focus Minerals shareholder Shandong Gold has raised its stake in the WA explorer to some 63 per cent, squeezing out Theta Gold Mines as a potential buyer.

Focus has told shareholders to take no action in response to an unsolicited takeover from Theta Gold, which is looking to win over investors mulling funding options for the long-dormant Coolgardie mine.

Our board moves wrap includes Peter Duerden, David Flanagan, Jonathan Downes, Richard O'Shannassy, Adam McKinnon, Andrew Ferrier, David Nour, Hannah Hudson, and Russell Thomson.

Our weekly appointments wrap includes Shannon O'Rourke, Ben Norrish, Andy Weir, Rod Johns, Warrick Clent, Alan Ings and Michael Shanahan.

Our board moves wrap includes Michael Spence, Matthew Waterhouse, Amanda Buckingham, John Davis, WangHong Yang, DianFei Pei, and Jacqueline Murray.

Favourable market conditions have led to a suite of new gold producers and projects.

Our board moves wrap includes Caedmon Marriott, Tara Robson, Steven Wood, Silfia Morton, Irmgard Irminger-Finger, LingQuan Kong, Peter Hall, Mark Wheatley, Elena Macrides, Jon Latto, Carla Healy, and Jeffrey Lai.

Our board moves wrap includes Nicholas Ong, ZhaoYa Wang, Brian Leedman, David Cantor, Peter Griffiths, John Welborn, Stuart Gale, Phil Montgomery, Peter Thomas, Mark Pearce, Luca Giacovazzi, and Trevor Benson.

Our board moves wrap includes PengFei Zhao, ZhaoZhong Wang, Katherine Garvey, Loren King, Hui Guo, Simon Yeo, Russell Kane, Greg Chessell, Anthony Brittain, Craig McGuckin, ZaiQian Zhang, ZhaoYa Wang, Jon Starink, Lisa Dalton, Pennee Osmond, Kevin Hart, Kathrin Gerstmayr, Jamie Myers, Steven Wood, Kate Sainty, and Craig Piercy.

Our board moves wrap includes Christine O'Reilly, Simon Storm, Wyatt Buck, Ashley Pattison, John Hutton, Rodney Johns, Matthew Syme, Levi Mochkin, Robert Behets, Mark Pearce, David Cruse, Joseph van den Elsen, Emma Poposka, Liz Hough, Tony Leibowitz, Neil Biddle, Gregory Bittar, and Michael Bowen.

UPDATED: Focus Minerals has opted to continue negotiating with Horizon Minerals over the sale of its Coolgardie gold project, despite Hong Kong-listed Hanking Gold Mining submitting an alternative offer.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Intermin Resources has signed an exclusivity deed with Focus Minerals to potentially acquire its Coolgardie gold project for $40 million over a three-and-a-half year period.

Perth-based company director Peter Hepburn-Brown, who was on the board of three listed mining companies, has passed away following a period of ill-health.

ZhaoYa Wang has been appointed chief executive of Focus Minerals following an approval by the Department of Home Affairs in granting him a visa to work in Australia.

Dormant Perth-based biotech company Pharmanet Group will re-emerge as a gold explorer after entering into an agreement to acquire Keras Australia by way of a reverse takeover.

Local gold miner Millennium Minerals has found an internal candidate to replace outgoing chief executive Glenn Dovaston, who has resigned after two years at the helm.

Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.

IMX Resources chief executive Phil Hoskins has been replaced by former Focus Minerals boss Campbell Baird, while the company plans to restructure and rebrand itself under a new name.

Western Australia's gold producers continue to suffer at the hands of a strengthening Australian dollar, with more job losses revealed across the sector last week.

China-based Shandong Gold looks set to secure board control at Focus Minerals, after acting chief executive and chairman Don Taig announced his intention to resign from the company.

Eight Western Australia-based resources sector firms have been removed from the list of Australia's top 300 companies, providing further evidence that the slowdown in mining activity is hurting WA

Campbell Baird has been appointed as an executive director of Indonesian coal explorer Indus Coal.

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.

Three months after shutting down its Laverton gold mine, Focus Minerals has announced the closure of its remaining mining operations near Coolgardie due to the weak gold price.

New growth opportunities will be few and far between for mining contractors, who are under pressure to trim their rates.The irony was inescapable.

It's an old adage that some of the biggest fortunes have been made when business conditions are at their toughest.

Mining contractor MACA remains optimistic about its prospects of revenue growth in financial year 2013, despite losing a significant contract after Focus Minerals halted its Laverton operations earlier this week.

Medicare rise to fund disability

Focus Minerals has put its Laverton gold mine on stand-by, after a review of operations found the project is no longer commercially viable due to increasing costs and the falling gold price.

A group of disgruntled Intrepid Mines investors have moved to remove five of the company's current directors and replace them with four new ones, blaming the board for the loss of around $1 billion

Focus Minerals shares have dipped on the ASX after the company announced a half year net loss of $27.4 million and the resignation of its chief executive, Campbell Baird.

Focus Minerals shareholders have resoundingly backed a $227.5 million investment in the gold miner by China's Shandong Gold.

China's Shandong Gold has won approval from the Foreign Investment Review Board to take a 51 per cent stake in Perth-based miner Focus Minerals, in return for a $227.5 million investment.